The House of Representatives Committee investigating the non remittances of funds to the National Housing Fund, NHF and non utilisation of the funds has summoned the Accountant General of the Federation to appear before it to explain why monies deducted from workers salaries are not remitted to the fund.
The Accountant General is also to explain why there are disparities in the deductions among workers from various agencies of government and why only N20 billion has been remitted to the Federal Mortgage Bank since 2011.
Representative of the Director of the integrated Payroll and Personnel Information System, IPPIS, Ekwem Dem told the committee that while deductions from salaries of workers was automatic, remittances was not automated.
The Director however could not tell the committee how much has been deducted as Housing Fund from workers since 2011.
Members of the Commitee therefore asked the Accountant General of the Federation to furnish the committee with information on what has been deducted from workers so far, when such money was deducted and why the money was not remitted.
The Committee also asked the Accountant General to remit all deductions of the Housing fund remitted to the federal Mortgage Bank with immediate effect and receipt presented to the committee.
Managing Director of the Federal Mortgage Bank of Nigeria, FMBN, Madu Hamman appealed to the Committee to amend the act establishing the Bank and the National Housing Fund to give more effect to operations of the NHF.
Hamman said the Bank collected about N591. 523 billion as remittances from both the formal and informal sector of the Nigerian economy since 2011 till date out of which N238. 557 billion was collected from government’s Ministries, Departments and Agencies.
He said the bank also have outstanding payment of about N26. 573 billion with the office of the Accountant General of the Federation.
Oduyemi Odumade, Edited By Grace Namiji
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