The Nigeria Labour Congress (NLC) has threatened to pull out workers from the National Housing Fund (NHF) contributory scheme because of the non-remittance of
“He said he was able to mobilise N249.1 billion to Nigeria’s housing fund, and increased subscription to 197,000 between 2017 and 2022,” Ajaero noted.
He said many resort to third party agencies to fast track the loan application at unofficial fees, creating perception of corruption in the process of housing loan approval and disbursement to workers who need the funds. He said: “Your task, as members of this Ad-Hoc Committee, is to shed light on the utilisation of these contributions, to ensure that the NHF fulfils its mandate to provide affordable housing solutions.
“The House was alarmed to receive allegations of non-remittance by employers, and in other cases, mismanagement and misappropriation of the hard-earned salaries of Nigerian workers, by the administering institution.”
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