THE Joint Admissions and Matriculation Board plans to build a new headquarters in the central area of the Federal Capital Territory, Abuja, for the amount of N6 billion.
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It was announced in Abuja on Thursday during an inquiry hearing by the House of Representatives’ Public Accounts Committee.
The hearing was about audit inquiries issued by the Office of the Auditor – General of the Federation against ministries, departments and agencies of the Federal Government.
The director, finance and administration, JAMB, Mufutau Bello, who appeared before the committee, said that since 2018, the board has been saving N2 billion annually to raise the money and start the project.
The head office of the examination body is currently located in the Bwari, the headquarters of the Bwari Area Council.
Bello said JAMB has realized N5.5 billion so far, and regrets that the COVID-19 pandemic affected the revenue generated internally by the board in 2020.
He said: ‘We are proposing to relocate our central headquarters to the central area (Abuja). We have a plan of more than N6 billion, but because we do not collect government subsidies for our overheads and capital (costs), we have set aside N2 billion every year from 2018 because our goal is to be able to obtain N6 billion headquarters in the central area.
‘The money is in our TSA (Treasure Single Account). We had a challenge in 2020 because of COVID; so we could not realize our budget. So far, we have realized about 5.5 billion. ”
However, the chairman of the committee, Oluwole Oke, blamed the decision to keep the money idle on the account.
‘You can not keep such money in an account. It is poor treasury management, ”he said.
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