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Massive Looting: FG Goes After Past Heads of JAMB, NIMASA


President Muhammadu Buhari presiding over FEC meeting

The Federal Executive Council has directed that past Chief Executive Officers of the Joint Admission and Matriculation Board, JAMB and the Nigerian Maritime Administration and Safety Agency, NIMASA, be probed over poor remittances into the government’s coffers while at the helms of affairs at the agencies.

Mrs Kemi Adeosun, Minister of Finance disclosed this while briefing State House correspondents after the Cabinet meeting on Wednesday, presided over by President Muhammadu Buhari.

She said Council members were excited that the current heads of the two agenices, Prof Ishaq Oloyede, JAMB and Dakuku Peter side, NIMASA, have remitted huge amount into the consolidated revenue fund this year, 2017.

According to her, Council members also wanted to know how the money generated by these agencies in the last were spent.

Adeosun said JAMB alone has remitted a whopping N5 billion into consolidated revenue fund this year with a promise to remit additional N3 billion soon even as the same agency had been remitting a paltry N3 million every year.

The Minister lamented, “The highest amount that JAMB has ever remitted to the consolidated revenue fund before this management was N3 million.

“This year so far, they have done N5 billion and the minister of education reported that they have additional N3 billion that they are ready to remit which will take this year’s figure alone to N8 billion.

“Now, they have not increased their charges nor their fees. So the question that Council members were asking was that where were all these monies before?

” So the directive was given that we must call those who were the heads of those agencies and similar ones to account and that is what we intend to do.

“It is a similar stories with other agencies and these are the leakages which we are now blocking. These are the monies in the consolidated fund that is now being applied in the projects that really need to get the economy moving.

“These are the monies that are missing that has led us to the position we are in. It is the grand looting that this administration has come in to address,” Adeosun said.

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