By Aikoye Mercy
The House of Representatives committee on non-remittance to the National Housing Fund (NHF) and utilisation of the funds from 2011 has summoned the Chief executive officers of insurance companies over non remittance of housing fund.
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″.
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.
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.
