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.

Javed Khan     Mamatu Abdullahi     Dar-Al-Handasah Consultants Ltd     Sai Kayi     Bature Bello     Students Union Government     Aishat Sulu-Gambari     Radio Kwara     Taofik Mustapha     Lukman Oyebanji Fagbemi     Kwara Central     Hausa     National Party Of Nigeria     Kola Bukoye     Oniye     Abdulganiyu AbdulAzeez     BIR     Barakat Community Secondary School     Ilorin Emirate Stakeholders Forum     SWAN     Unicontinental Construction Company     Oke-Ode     Abdulrasaq Alaro     Gbenga Adebayo     Okin Biscuit     Moronfoye     Arinola Fatimoh Lawal     Universal Basic Education Commission     Olubukola Kifayat Adedeji     Adamu Attah     Kunle Akogun     Code Of Conduct     Towobola Abdulrahman Toyin     Abdulrahman Onikijipa     Saka Asiat Ayinke     Chief Imam Of Ilorin     CBT     Sa\'adatu Modibbo-Kawu     Biliaminu Aliu     Convocation Ceremonies     Ethical College     Ramadhan     Mahmud Ajeigbe     Alloy Chukwuemeka     Sam Okaula     Mohammed Alabi Lawal     Jumoke F. Ajao     Taofik Abdulkareem     Isiaka Rafiu Mope     Saadu Gbogbo Iwe     Abdulrahman Abdulrasaq     Mahfouz Adedimeji     Agboola Abdulraheem     Surajudeen Akanbi     COVID-19 Palliatives     Idowu Aremu     Lanwa     Pakata Patriots     Oluwarotimi Boluwatife Adenike     Olukotun Of Ikotun     Oniwa     Paul Olawoore     Alaiye     Suleiman Rotimi Iliasu     General Hospital, Ilorin     David Oyerinola Adedunmoye     Olokoba Abdullahi Ayinla     Kwara State Sports Commission     Neuropsychiatric Hospital     James Kolo     Akanbi-Oke     Eleja Taiwo Banu     March 28     Ahmad Ali     Issa Oloruntogun     Raymond Olaitan     University Road    

Cloud Tag: What's trending

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

Mohammed Lawal Bagega     Olushola Saraki     Baba Idris     Bamidele Aluko     JSSCE     Egbejila     Kunle Akogun     Sarah Alade     Idris Amosa Saidu     NAWOJ     Alabi Lawal     Theophilus Oyebiyi     Dar-Al-Handasah Consultants     Abdulmumini Sanni Jawondo     Ali Ahmad     Abatemi Usman     KWATMA     PPS     Innocent Okoye     Kwara Restoration Project     Sunday Fagbemi     Wahab Abayawo     Yusuf Lawal     Umar Bayo Abdulwahab     Saidu Kawu     Abdulrahman Abdulrasak     Mamman Saba Jibril     Risikat Lawal     Olabanji Orilonishe     Taofeek Sanusi     Ilorin West     Usman Rifun     Tunde Mukaila Mustapha     Rachael Obisesan     Amos Bajeh     Oniwasi Agbaye     Okasanmi Ajayi     Mohammed Yisa     Ilesha Gwanara Road     Ladi Hassan     Sarafadeen Kayode Akorede     Kubra Kazum     Kola Olota     Sanusi Abubakar     Razaq Atunwa     Abubakar Abdulraheem     Nagode     Yusuf Ibitokun Sherifat     Alfa Yahaya Road     Sulu Babaita Isiaka     Salihu Yahaya     Yusuf Amuda Aluko     Adolescent Girls Initiative For Learning And Empowerment     Abdulraheem Yusuf     Malete     Omotosho     Chief Of Staff     Memunat Monsuma     SARS     Wahab Olasupo Egbewole     AGILE Programme     Kayode Zubair     Mary Kemi Adeosun     Yakubu Gobir     Kwara State Television     Mohammed Ghali Alaaya     Abubakar Abdullahi Bata     Moses Adekanye     Abdulkareem Alabi     Bisi Kristien     The Herald     Yoonus Kola Olatinwo     Volunteers Of Ilorin Community And The Emirate     Sambo Murtala     Buari Edun     Mohammed Ibrahim     Bola Tinubu