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.

Age AbdulKareem     Bayer AG     Yahaya Dumoye     Busari Toyin Isiaka     Muhammed Abdullahi     Oni Adebayo     Student Learning Support Helpline     George Funsho Adebayo     Vasolar Consultoria     Babs Iwarere     Sheikh Alimi     Abdulganiyu AbdulAzeez     Tosho Yaqub     Yoruba     Aliyu Kora Sabi     Tunde Oyawoye     Rachael Obisesan     Hakeem Lawal     COEASU     Durbar     Wale Oladepo     PharmAccess Foundation     Aisha Buhari     Tunde Saad     Dairo Kunle Paul     Monkey Pox     Ibrahim Bio     Adisa Logun     Www.Kwarareports.com     Babaloja-General     A.O. Belgore     Wahab Agbaje     Umar Ahmed Gunu     Agbarigidoma     Jide Ashonibare     Neo Mundo Ltd     Rueben Parejo     Roheemat Hammed     Sulyman Buhari     Oyedun Juliana Funke     Muhammed Taofeeq Abdulrazaq     AbdulFatai Adeniyi Dan-Kazeem     Pacify Labs     Yakubu Mohammed Abdullahi     Michael Ologundea     Lawal Jimoh     Shuaibu Yaman     Government House     Kisira     Sheu Ndanusa Usman     Samuel Olusegun Adedayo     Akom Construction And Engineering Synergy Ltd     Muslimah Entrepreneurship Forum     Mary Kemi Adeosun     Oke-Ode     Yahaya Seriki     Garment Factory     Share/Tsaragi     Christopher Ayeni     Muhammed Danjuma     Adesina Simon Sodiya     ASMAU PLAZA     Dogara     Abdulrahman Abdulrasak     Donatus Ejidike     Abdulganiyu Salahudeen     Ibrahim Mohammed     Government High School (GHS), Adeta     Elelu     Oba Abu     Kola Olota     Just Event Online     Saad Omo Iya     Sunday Otokiti     Ahmed Ayinla Jimoh     Kolo     Katibi Ibraheem Adeola    

Cloud Tag: What's trending

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

Ogidi-Oloje     Illyasu Abdullahi     United Nigeria Airline     Just Event Online     Olajumoke Monsura Gafar     Oja-Oba     Mumeen Lah     Raji Ayodele Kamaldeen     Wakilin Mata Lafiagi     Adaramaja     Ahmad Olayiwola Kamaldeen     Elekoyangan     Ilorin Curfew     John Kehinde Salako     Erubu Oba Zubair     Balogun Gambari     Olayinka Jelili Yusuf     Sarah Alade     Awoye     KWATMA     Emmanuel Olatunji Adesoye     Afonja Descendants Union     Kawu Baraje     Lanre Issa-Onilu     Women Radio     Vasolar-Kwara Company Ltd     Agbarigidoma     Orisa Bridge     Fatai Garuba Labaka     Idowu Aremu     A.G.F Abdulrasaq     Saadu Gbogbo Iwe     Saba Mamman Daniel     Oniyangi Kunle Sulaiman     Lukman Adeloyin     Muftau Akanbi Oke     Yusuf Olaolu Ali     Kwara Pdp     Ilesha-Baruba     Olatomiwa Williams     Ariyo     Funke Adedoyin     Segun Olawoyin     Adolescent Girls Initiative For Learning And Empowerment     Aliyu Umar     Ministry Of Women Affairs And Social Development     Rotimi Samuel Olujide     Forgo Battery     Rasheed Jimoh     Isaac Aderemi Kolawole     Lai Mohammed     Gabriel Fashanu     Alapansapa     Ekweremadu     Joseph Alex Offorjama     Oyeyemi Olasumbo Florence     Abdulwasiu Bolaji Adeyi     Mustapha AbdulGaniyu     Muslim Media Watch Group Of Nigeria     CBT     Saadu Yusuf     Hakeem Idris     Shonga     Yakubu Dogara     Lawyers Unite Against Corruption     Oke-Ode     Abdul Jimoh Mohammed     Adebayo Mohammed Kamaldeen     Olaosebikan     Ganmo Electricity Sub-Station     Oyelere Oyinloye     Pakata Development Association     Alfa Modibbo Belgore     Government Girls’ Day Secondary School Pakata     Jamila Bio Ibrahim     Onilupeju Of Ilupeju     Alao Ayotunde