• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Insurance firms under prober over unremitted N267b workers’ NHF

NHF

The Matters Press by The Matters Press
August 30, 2023
Reading Time: 2 mins read
0
Nigeria in deal with firm to facilitate funding for houses

Abuja, Aug. 30, 2023: The House of Representatives Ad hoc committee investigating non-remittance to the National Housing Fund (NHF) and utilisation of the funds from 2011 has summoned concerned Chief Executive Officers (CEOs) of insurance companies.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

This is to explain the reason for over N267 billion unremitted workers investment in NHF only for the year 2019.

Rep. Dachung Bagos, the Chairman of the committee issued the summon following their failure to appear before the committee in Abuja on Tuesday to explain the unremitted fund.

He said the insurance companies should come and explain why they are still owing over N267 billion of workers investment to NHF in 2019.

He said the National Insurance Commission (NICON) must show proof of insurance companies who were in default of remitting workers investment to Federal Mortgage Bank of Nigeria (FMBN).

He said the insurance companies should come along with all the amount they had remitted to FMBN, adding that they should also provide evidence of sanctions to those who had defaulted.

According to him, in 2019 alone 54 insurance companies have not remitted N267 billion.

“They need to tell us where the money is. This figure does not include 2020 to 2023.

“We have the law but we are not working with the law rather we complain on a daily basis, ” he said.

Dachung said the 10th House of Representatives will address the issue, adding that all the concerned CEOs must appear by Sept. 5.

Contributing, Rep. Kama Nkemkanma (LP-Ebonyi), a member of the committee said: “what we are talking about here involves billions of unremitted money, I will want us to be more serious.

He called on the CEOs of insurance companies to appear rather than sending their subordinates, saying that there was the need to get to the bottom of the problem.

Rep. Timilehin Adelegbe (APC-Ondo), also a member of the committee said the issue of non remitance of workers NHF contribution was not something to joke with.

He said: “for any outstanding unremitted fund, the CEOs should be held responsible and if they failed by next hearing, we will publish their names.

Tags: NHF
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
Old pension scheme beneficiaries get a boost in entitlements

Lagos State pays N2.017bn to 644 retirees

800 firms compete to manage gas flare sites

Egypt plans to drill 35 new gas wells to increase production

Recommended Stories

East Africa braces for pain at the pump as Riyadh cuts production

Price fluctuation forces Tanzania reviews petrol import system

November 12, 2023
Trading in Nigerian stock market dips further N83bn

Stock market extends gains by N81bn

February 7, 2023
Buhari presents N8.8trn 2019 budget

Buhari presents budget amidst cheers, jeers

December 20, 2018

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us