N8bn Scam: EFCC Launch Manhunt Against JAMB Officials

The Economic and Financial Crimes Commission (EFCC) has launched a manhunt against senior staff of the Joint Admissions and Matriculations Board (JAMB) involved in the misappropriation of N8 billion revenue, Daily Trust reports.

Naija News learnt that JAMB failed to remit revenues in excess of N8 billion to the federal government between 2010 and 2015. The amount includes unremitted Value Added Tax and Withholding Tax.

It was noted that following the surprise remittance of N7.8billion by the Ishaq Oloyede-led management, the government, working on the suspicion that the previous management had defrauded in revenue remittance, ordered a forensic audit of the accounts of the examination body from 2010 to 2015.

Sources said the report of the audit committee was turned in some months ago and subsequently forwarded to the EFCC by the Minister of Finance, Kemi Adeosun, for investigation.

Consequently, the anti-graft agency has set up a panel to review the report and take further steps to bring culprits to book.