The House of Representatives has resolved to investigate the revenue generated by Joint Admissions and Matriculation Board (JAMB) and what it remits into the Consolidated Revenue Account.
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The resolution emanated from a motion moved by Rep. Ibrahim Ebbo (PDP-Niger) in Abuja on Thursday and unanimously adopted without debate.
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The House consequently mandated its Committees on Education and Finance to do the investigation and submit the report within four weeks.
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Ebbo said in spite of the huge sum of money generated by the board yearly, there was no record as to how the money was spent.
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He added that although JAMB generated revenue yearly, the Federal Government continued to allocate funds to it to conduct examinations for candidates going into tertiary institutions.