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.

Abdullahi Imam Abdullahi     Kwara State Printing And Publishing Corporation     Ajidagba     Bola Sagaya     Yunus Lawal     Nurudeen Muhammed     Ado Ibrahim     Stephen Fasakin     Sheriff Olanrewaju     Onikijipa     Taofeeq Olateju     Moses Adekanye     Quranic Recitation Competition     Mohammed Haruna     Oloje     Charles Ibitoye     Muhammadu Buhari     08001000100     NURTW     Innocent Okoye     Salary     Ahmed Saidu Rufai     Abiodun Oyedepo     Victor Gbenga Yusuf     Oyawoye     Oluranti Idowu     Oke-Ode     Lithium Deposit     Sanusi Abubakar     Sunday Popo-Ola     NULGE     Valsolar-Kwara Company Limited     Kwara State Television (KWTV)     Admiralty Villa     Ebun-Olu Adegboruwa     Sabitiyu Grillo     Bashir Adigun     Sola Saraki University     Jimoh Saadudeen Muhammed     Ayo Salami     Maja     Abubakar B.M     Facemasks     Samuel Elizabeth Keatswa     Apaola     Isiaka Abdulrazak     Abdul-Rasheed Na\'Allah     Ahmed Alhasssan     Tinubu Legacy Forum     SARS     Crystal Corner Shops     Matthew Okedare     Abdullahi Saadudeen Alikinla     April 11     General Hospital, Offa     Offa Grammer School     Salihu Jibril Garbi     V.O. Abioye     Bello Oyedepo     HICA     IDPU     Muhammed Taofeeq Abdulrazaq     Bank Of Industry     Okin Group     Esinrogunjo     Ahmed Dankaya     Simeon Ajibola     Isiaka Oniwa     Iyabo Adewuyi     Adesina Simon Sodiya     Shuaibu Yaman Abdullahi     REO CAKES     Government Girls’ Day Secondary School Pakata     Ayekale     Abiodun Musa Aibinu     Kudirat Arinola Lawal     Gobir Organization Foundation    

Cloud Tag: What's trending

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

Egbejila     Jide Ashonibare     Ola Falade     Sobi Hill     Moshood Bakare     Gamji Members Association     Local Government     IEDPU     Taofik Abiodun Ahmed     Adamu B. Yaqubu     Oba Abu     Jimoh Olusola Imam     Onilorin     Usman Rifun     Maryam Ado Bayero     Olaiya Victor Mobolaji     Ajasse-Ipo     Sidikat Alaya     Iyabo Adewuyi     Abdulwasiu Bolaji Adeyi     Olaitan Adefila     Malete     Post-utme     Shade Omoniyi     Mashood Dauda     Otoge     Sunset Workers     Siddiq Adebayo Idowu Salawu     Presidential Election     Oni Adebayo     Yakubu Dogara     Elese Of Igbaja     Saad Omo Iya     Magaji Nda     Abdulfatai Ahmed     Ogbondoroko     Yaru     Senior Staff Union Of Colleges Of Education     Kwara State Infrastructure Development Fund     Shonga Farm Project     Ayodele Olaosebikan     Irepodun     Nupe     Ijagbo     Isaac Gbenle     Razak Atunwa     Pakata Patriots     Mary Arinde     Hamza Usman     Dogara     Folorunsho Alao     Afolasade Opeyemi Kemi     Salary     ER-KANG     Abdulfatai Baakini     Moshood Mustapha     Mohammed Saidu     Saudat Abdulbaqi     Abdullahi AbdulMajeed     Mohammed Halidu     EndSARS     Isapa     National Party Of Nigeria     Convocation Ceremonies     Kale Kawu     Adamu Atta     Ijagbo Health Centre     Elekoyangan     Nigerian Correctional Service     Moro     Ilorin Talaka Parapo (ITP)     Abdulrasheed Lafia     Moses Salami     Just Event Online     Apaokagi     Universal Basic Education Commission     James Ayeni