FMBN returned N30bn to National Housing Fund contributor - Director

Date: 2020-11-30

The Federal Mortgage Bank of Nigeria has refunded over N3bn to the contributors of the National Housing Fund in the country.

The Executive Director, Business Development and Planning of the Federal Mortgage Bank, Alhaji Dankani Abdullahi, disclosed this at a one-day sensitisation on National Housing Fund organised for the Nigeria Union of Local Goverment Employees in Ilorin on Thursday.

Abdullahi said that the process of refund to contributors of the National Housing Fund was now faster than before stated that since the new board was inaugurated about three and half years ago, it had made more refund to workers that made contributions to the fund.

The Executive Director said that workers should not exercise fear on the safety of their fund, assuring them that "the fund deducted from your salary for the National Housing is very intact and since the new management board took over in 2016, we have made the refund more faster.

"I want to tell you that between 1992 and 2016, about N8bn refund was made to the workers, but between 2016 and now, we have made a refund of N30bn to the contributors of the NHF," he said.

"We are ensuring that the little contributions made by the workers is guaranteed, so, any fund contributed to NHF is safe," he said.

Abdullahi explained that the National Housing Fund was conceived by the Federal government to ensure that every worker owned a house, adding that 2.5 percent deduction was made from the basic salary of every worker.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Olota Of Odo-Owa     Harmony Holdings     Abubakar B.M     GAMA     Madawaki Of Ilorin     Osinbajo     Olupako Of Share     Isiaka Yusuf     Victor Gbenga Yusuf     Gambari     Suleiman Abubakar     Olatunde Jare     Kwara State Fish Farmers Association     Akeem Lawal     Elekoyangan     Saliu Oluwole     Abdullateef Abdussalam     Taofik Abiodun Ahmed     Ifelodun     Kwara Metro Park     Abdulbaqi Jimoh     Adebayo Salami     Patigi Regatta     John Olajide Adedipe     Kwara Apc     Funmilayo Zubair     Biliaminu Aliu     Nigerian Army     Radio Kwara     Garuba Alikinla Shittu     Hauwa Nuru     Abraysports FC     Toyin Falola     Alfa Modibo Belgore     Kayode Ibrahim     Okin Biscuit     ER-KANG     Naira Redesign     Taofik Abdulkareem Babaita     Shade Omoniyi     Unilorin FM     ANCOPPS     Mumini Ishola Hanafi     Isiaka Alikinla     Olateju Lukman     Umar Bayo Abdulwahab     Amina Susa\'a De Ahmed     Jaiz Bank     Femi Gbajabiamila     Ojo Isekuse     Muhammad Toyin Sanusi     Kale Belgore     Onilupeju Of Ilupeju     Aisha Abodunrin Ibrahim     Shonga Farm Project     AbdulKareem Yusuf Danhawa     Abdulrazaq Akorede     Sheikh Ridhwanullah     Mashood Abdulrafiu Agboola     Offa Metropolitan Club     Special Agro-industrial Processing Zone     Oni Adebayo     Senate President     CELF     Moji Makanjuola     Makama Of Kaiama     Obasanjo     Issa Oloruntogun     Saadatu Modibbo-Kawu     Vasolar-Kwara Company Ltd     Ajibola Ademola Julius     Hamid Bobboyi     Toyin Saraki     Aremu Bose Deborah     Ladi Hassan     Abubakar Usman Jos     Gurei    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Olubukola Kifayat Adedeji     Kwara State Geographic Information Service     Kwara North     Mazars Consulting     Olatunde Olukoya     Taibat Ayinke Ahmed     Omu-aran     Just Event Online     Muhammad Akande Olarewaju Odunade     Countryside Emerging Leaders Fellowship     CCEPE     Tayo Awodiji     Saad Omo\'ya     ENetSuD     Sheikh Alimi     Ijagbo     Yakubu Mohammed Abdullahi     MMWG     Rotimi Oyedepo     Bamikole Omishore     Akanbi-Oke     Young Progressives Party     JSSCE     Medinat Folorunsho Salman     Samari     Saliu Ajibola Ajia     Akanji     Kayode Laro     Onilorin     Afonja     Aminat Omodara     Oba-Solagberu     CCB     Abdulhakeem Adelaja Amao     Kamaldeen Kehinde     Isiaka Saka Opobiyi     Kayode Alabi     Islamiya Abdulraheem     Alabe     Abdul-Rasheed Na\'Allah     Taofik Abdulkareem     Alaaya     Special Agro-Industrial Hub     Simeon Sayomi     Ohoro Of Shao     Yusuf Mubarak     Jumoke F. Ajao     V.O. Abioye     Rebecca Bake     Bayo Ajia     Pilgrims Board     Just Law Forum     Tanke Flyover Bridge     Abubakar Abdullahi Bata     Emir Of Kano     Offa     Imodoye Writer’s Enclave     Allocation     Clement Yomi Adeboye     Idris Amosa Saidu     Kamaldeen Ajibade     Prince Mahe Abdulkadir     Ahmad Uthman     Baboko     Tsaragi     Saheed Popoola     National Broadcasting Commission     Aminu Adisa Logun     Mohammed Khadijat Kubura     Oba Sulaiman Asude     Apado     Segun Adeniyi     Bayo Onimago     Saeedat Aliyu     Raymond Olaitan     Gobirawa     Sunday Fagbemi