He said that the money was saved through the transparent and judicious use of resources.
Benjamin urged candidates to disregard all information on admission, especially cut-off marks being circulated on the net.
According to him, the Board has established new method of admission in line with its mandate to ensure fairness irrespective of tribe, religion and it is determined to meet the expectations of Nigerians.
The JAMB public relations officer said that the Board had held consultations with universities across the country to enable candidates meet the requirement and secure admission without the assistance of anybody.
According to him, no cut-off mark has been arrived at as this can only be done at a policy meeting, which is at the moment yet to be conveyed.
Benjamin said: “Do not allow yourselves to be defrauded by internet fraudsters, the policy meeting would commence the 2017 admission with all mode, process and acceptable conditions for admission.
“The Prof. Oloyede led management is working to ensure transparent, acceptable and fair admission process.
“We have designed software known as Central Admissions Processing System, where human interference will be completely removed, to promote credibility.
“The admission criteria would be keyed into the software and it will select candidates blindly according to the institutions requirement without any primordial consideration.”