National Housing Fund: NLC threatens to pull out

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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 deductions made by the Federal Mortgage Bank of Nigeria (FMBN).

NLC president, Comrade Joe Ajaero, issued the threat yesterday in a presentation before the House of Representatives Ad-hoc Committee on Non-Remittance to the NHF and Utilisation of the Funds from 2011 till date.

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Ajaero said the FBN had failed to send alerts to civil servants on how much they had been contributing to the scheme and their monthly deductions.

He urged lawmakers to take drastic steps to remove the encumbrances to affordable and quality housing to millions of Nigerians, especially workers who make the highest contributions to the NHF.

The labour leader stated that the immediate past managing director of FMBN, Ahmed Dangiwa, who is now the Minister of Housing and Urban Development, had said he left behind N120 billion in the coffers of the bank.