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.

Abdulkarim Adisa     Olayinka Jelili Yusuf     Gani Saadu     Mumini Ishola Hanafi     Idiagbon     Ojo Fadumila     Salihu S. Yaru     Olushola Saraki     Manzuma     Baboko     Volunteers Of Ilorin Community And The Emirate     Mahmud Babatunde Baker     Col. Taiwo     Funmilayo Mohammed     Sarkin Malamai     NYSC     Rasheed Jimoh     Muhammadu Buhari     Abdullahi Imam Abdullahi     Wahab Femi Agbaje     Afusat Nike Ibrahim     Michael Imoudu National Institute For Labour Studies     Isiaka Gold     Mutawali Of Ilorin     Kumbi Titiloye     Issa Memunat Moyosore     Senate President     Forgo Battery Company Limited     Kwara State Branch Of The National Library     CCB     Ilota     Joseph Alex Offorjama     IESA     Abdulrasaq Alaro     Mohammed Saidu     Vishvas KOZ Tractors     Shuaibu Yaman Abdullahi     Abdullah Janet Amudat     Muhammad Ghali Alaaya     Buhari     UTME     Agbarere     KWSIEC     Saka Abimbola Isau     Abdullahi Samari     Donatus Ejidike     Kazeem Oladepo     Talaka Parapo     Tafida Of Kaiama     Abdulmajeed Wahab     Moji Makanjuola     Muhammadu Gobir     Adeniyi Ojo     Ibrahim Mashood     Funmilayo Isiaka Oniwa     Chief Imam Of Ilorin     Abdul-Rahoof Bello     Adesoye College     Amusement Park     Tunde Saad     Reuben Paraje     Tunji Arosanyin     Shao     Umar Danladi Shero     Razak Atunwa     Muhammed Mahe Abdulkadir     Ilorin Innovation Hub     Abdulrahman Abdulrasaq     Aisha Buhari     Owo Isowo     Mohammed Ibrahim     Coronavirus     Ilorin Central Mosque     Saka Asiat Ayinke     KW-GIS     Yakubu Shaaba     Umar Sanda Yusuf    

Cloud Tag: What's trending

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

Otuka     Logun     Senior Staff Union Of Colleges Of Education     Abdulmumini AbdulRazaq     Iyabo Adisa Ibiyeye     Lucky Omoluwa     Ghali Alaaya     Nigeria Foundation For Artificial Intelligence     Isin     Sabitiyu Grillo     Aliyu Olatunji Ajanaku     Allocation     Abubakar Bature Sulu-Gambari     Yakubu Gobir     Hassan Saliu     Gurei     Royal FM     Abdulrasheed Lafia     Kwara University Of Education     Toun Okewale-Sonaiya     Igbomina     Kayode Laro     Olaiya Zuberu     Wasiu Odewale     Adebayo Salami     Majlis For Sadakah, Zakat And Waqf     A.G.F Abdulrasaq     Dasuki Belgore     Ajike People Support Centre     Mary Arinde     Nigeria Computer Society     Yoonus Kola Olatinwo     Alore     Ganiyu Abolarin     Babatunde Ajeigbe     Dauda Adeniran Adeshola     Olushola Saraki     Ladi Hassan     EndSARS     Sa\'ad Alanamu     Balogun Gambari     Al-Hikmah Radio     Local Government     Kassim Babamale     Kwara State Sports Commission     Ifelodun     Mahe Abdulkadir     Bashiru Makama     Usman Yunusa     Muhammadu Gobir     Kuliyan Geri     Taofeek Sanusi     Baruba     Saudat Abdulbaqi     Ilorin South Constituency     Jimoh Akani     Ilorin Emirate     Aisha Gobir     Student Learning Support Helpline     ANCOPPS     Abdulfatai Ahmed     Quran     Mahmud Ayinla Giwa     Ilorin Like-Minds     SSA Youth     Gafaru Olayiwola Olorisade     Adesoye College     Salary     Susan Modupe Oluwole     Muhammad Fawaz Abubakar     Olaitan Buraimoh     Bello Bature     Olayinka Are     Kwara State Coalition Of Business And Professional Associations     Amule Elementary School     Azeez Bello     UTME