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.

Saheed Alakoso     Tinubu Legacy Forum     Vasolar Consultoria     Kola Bukoye     NULGE     Gurei     Bisi Oyeleke     Ohoro Of Shao     Babatunde Ishola Babaita     Ebun-Olu Adegboruwa     Offa Poly     Abdulwaheed Musa     Babata     Quareeb     Oke-opin     Christian Association Of Nigeria     08001000100     Olumide Daniel Ibitoye     Sarafadeen Kayode Akorede     Rabiu Kwankwaso     Adolescent Girls Initiative For Learning And Empowerment     Ilorin Emirate     Sheriff Olanrewaju     Wahab Isa     Abubakar Bature Sulu-Gambari     John Kehinde Salako     George Innih     Ayekale     Mohammed Abdulahi     Wale Oladepo     General Hospital, Offa     Paul Olawoore     Kazeem Oladepo     Nurudeen Mohammed     Kwara State Governor     Budo Egba     Dan Iya     Muftau Akanbi Oke     Isiaka Rafiu Mope     Abubakar Aliagan     COVID     REO CAKES     Aso-ofi     Dairo Kunle Paul     Veterinary Teaching Hospital     Okin Biscuits     Oniye     Frootify     Kwara Coalition Of Business And Professional Associations     Al-Hikmah Radio     Bilikisu Gambari     Sulu Babaita Isiaka     Ndama Al-hassan     Bahago     Ilorin Talaka Parapo (ITP)     Public Holiday     NIPR     07039448763     Jumoke Monsura Gafar     Omoniyi     Yahaya Abdulkareem     Oke-Kura     Prince Sunday Fagbemi     Joseph Alex Offorjama     Offa Metropolitan Club     Sola Saraki Educational Foundation     Kwara State Fish Farmers Association     Abdulrasheed Na\'Allah     Valsolar     Peter Obi     Kwara State Fire Service     Noah Yusuf     Jimba Babatunde     Senate President     Olufolake Abdulrazaq     Isiaq Khadeejah     Nigeria Governors\' Forum    

Cloud Tag: What's trending

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

Yunus Lawal     Amosa     Abdullahi Samari     Oba Of Jebba     Oyin-Zubair     Law School Scholarship     Samuel Elizabeth Keatswa     Mustapha Akanbi     Tunde Mukaila Mustapha     Senior Staff Union Of Colleges Of Education     Lukman Adeloyin     Ola Falade     Kamaldeen Ajibade     2017 Budget     Asa     Malete     Mahee Abdulkadir     Yoonus Lawal     Isaac Aderemi Kolawole     Abubakar Ndakene     TVC Female National Debate     Aminat Ahmed     Cassava Growers\' Association     Matthew Okedare     Undergraduate Bursary     Abdulsalam A. Yusuf     SSUCOEN     FERMA     Societe Generale Bank Of Nigeria     HAMFAT Clinic And Maternity     Tayo Alao     Wahab Isa     Awoye     Muhammed Akanbi     Ibrahim Issa Jetti     Olaosebikan     Idi-Ape     Sam Okaula     Maryam Nurudeen     BIR     Taofeek Sanusi     Sayomi     Samuel Olusegun Adedayo     Christopher Odetunde     Alfa Yahaya Road     Yusuf Olaolu Ali     TESCOM 2025     Maimunat Oloriegbe     Ahmad Uthman     Oke-Ogun     Kwara State University Of Education     Ilorin International Airport     Revenue Court     Danhawa     Sango-UITH Road     Oyedun Juliana Funke     Oniyangi     Ishak Mohammed Sabi     Abdulrahman Abdulrazak     Oloyede     Sulyman Abdulkareem     Imam Gambari     Talaka Parapo     Moses Rahman Popoola     Osuwa     Kazeem Gbolagade     Isiaka Oniwa     Ado Bayero     Bahago     Abioye Bello     AbdulHamid Adi     IDPU     Shola Odetundun     Suleiman Idris     Razaq Ayobami Akanbi     Fatai Adeniyi Garba     Bayer AG