The House of Representatives committee investigating the non-remittance to the National Housing Fund (NHF) and utilisation of the funds from 2011 on
Wednesday summoned the Chief Executive Officers of insurance companies over the non-remittance of over N267 billion.
It tasked the insurance companies to come along with documents showing all the monies remitted to the Federal Mortgage Bank of Nigeria , insisting that they should also provide evidence of sanctions to those who had defaulted. The Chairman of the Ad hoc committee, Dachung Bagos, issued the summons following the failure of the NHF to appear before the committee in Abuja on Tuesday at the resumed hearing to explain the unremitted fund.
Also, a member of the committee, Timilehin Adelegbe, said the issue of non-remittance of worker’s NHF contributions was not something to joke with.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reps Decries Mismanagement Of Funds For Mass Transit SchemesThe House of Representatives ad-hoc committee investigating the failure of Federal Mass Transit Schemes in Nigeria since 1999, has decried the serial
Read more »
Reps call on FG to cancel advert waivers to MDAsThe most widely read newspaper in Nigeria
Read more »
Job Racketeering: Reps Mull Abolishing Employment Waivers For MDAsThe House of Representatives ad-hoc Committee on job racketeering said it would take steps to abolish employment waivers for Ministries, Department and
Read more »
Mass Transit: Reps panel vows to recover SURE-P loans from transporters, other beneficiaries'A total of 1,179 vehicles were released to the beneficiaries under the scheme, with a repayment plan covering four years. However...
Read more »
Nembe Killings: Bayelsa Reps caucus asks Tinubu to set up panel of inquirySome persons were reportedly killed in Nembe following attacks on the community on 15 August.
Read more »
Reps express worry over poor management of over N16bn mass transit schemePerhaps because they see the funds as usual government bonanza but this is where they get it wrong because they can’t be living large with
Read more »