TRANSPARENCY IN UTILIZATION OF THE NATIONAL HOUSING FUND: STAKEHOLDERS ENGAGEMENT AND ACCOUNTABILITY

 


In a bid to shed light on the utilization of the National Housing Fund and address concerns regarding non-remittance, the Ad-Hoc Committee on Non-Remittance to the National Housing Fund, under the dedicated leadership of Hon. Dachung Musa Bagos, has embarked on a critical mission. This committee, which also includes Hon. Aliyu Mustapha Abdullahi, a respected member representing Ikara/Kubau Federal Constituency, Kaduna state, has invited a host of stakeholders to participate in a series of public hearings. Below is a comprehensive list of the stakeholders, along with the dates they are scheduled to appear before the committee:



Date: Tuesday, 29th August, 2023


1. The Accountant-General of the Federation

2. The Managing Director, Federal Mortgage Bank of Nigeria (FMBN)

3. The Executive Secretary, Federal Government Staff Housing Loans Board

4. Multi-national Corporations, including:

   - Dangote Group

   - Nestle Nigeria

   - Unilever

   - Globacom

   - MTN

   - Airtel Telecommunication

   - 9mobile

   - Cadbury Nigeria Plc

   - Total

   - Seven up Bottling Company

   - May & Baker Pharmaceuticals

   - Oando

   - Conoil

   - Chevron

   - Shell

   - Pz Cusson Nigeria Plc

   - Coca-cola

   - China Civil Engineering Construction Corporation (CCECC)

   - Guiness FCMA

   - Friesland Campina WAMCO


Date: Wednesday, 30th August, 2023


1. The Commissioner for Insurance/Chief Executive Officer, National Insurance Commission (NAICOM)

2. Nigeria Deposit Insurance Corporation

3. Various Insurance Companies, including:

   - African Alliance Insurance Plc

   - Alico Insurance Plc

   - Alliance of General Insurance Company Ltd

   - Anchor Insurance Company Ltd

   - Consolidated Hallmark Insurance Plc

   - Cornerstone Insurance Plc

   - Gold Link Insurance Plc

   - Great Nigeria Insurance Plc

   - Guinea Insurance Plc

   - Industrial and General Insurance Company Ltd

   - Landway Assurance Company Ltd

   - Nem Insurance Plc

   - Nicon Insurance Plc

   - Unic Insurance Plc

   - Asset & Liability Insurance Company Ltd.


Date: Thursday, 31st August, 2023


1. Acting Governor, Central Bank of Nigeria (CBN)

2. Leading Banks in Nigeria, including:

   - Access Bank Plc

   - Fidelity Bank Plc

   - First City Monument Bank Ltd

   - First Bank of Nigeria

   - Union Bank of Nigeria Plc

   - United Bank for Africa Plc

   - Zenith Bank

   - Eco Bank

   - Heritage Bank

   - Polaris Bank

   - Keystone Bank


Each stakeholder has been requested to provide the Committee with one (1) soft copy and twenty (20) hard copies of the following crucial documents:


a. Evidence of remittance to the National Housing Fund.

b. Detailed records of the amount remitted from 2011 to the present date.

c. Information on beneficiaries, if applicable.


The Committee underscores the importance of compliance with this invitation. Failure to appear before the committee may result in the issuance of warrants against defaulting agencies and companies. This investigation is instrumental in promoting transparency and accountability in the National Housing Fund's utilization, which is pivotal in addressing Nigeria's housing needs.


For further inquiries or clarifications, interested parties are encouraged to reach out to the Clerk at 08037160844.


This initiative, led by Hon. Dachung Musa Bagos and supported by Hon. Aliyu Mustapha Abdullahi, marks a significant stride towards ensuring that the National Housing Fund fulfills its mission effectively, contributing to the provision of affordable housing solutions for all Nigerians. Transparency and accountability are the cornerstones of this endeavor.

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