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 involved Chief Executive Officers, CEOs, of insurance companies.
This is to elucidate the explanation for over N267 billion unremitted staff funding in NHF just for the 12 months 2019.
Dachung Bagos, the Chairman of the committee issued the summon following their failure to look earlier than the committee in Abuja on Tuesday to elucidate the unremitted fund.
He mentioned the insurance companies ought to come and clarify why they’re nonetheless owing over N267 billion of staff funding to NHF in 2019.
He mentioned the National Insurance Commission, NICON, should present proof of insurance companies who have been in default of remitting staff funding to Federal Mortgage Bank of Nigeria, FMBN.
He mentioned the insurance companies ought to come together with all the quantity that they had remitted to FMBN, including that they need to additionally present proof of sanctions to those that had defaulted.
According to him, in 2019 alone 54 insurance companies haven’t 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 mentioned.
Mr Dachung mentioned the tenth House of Representatives will handle the difficulty, including that every one the involved CEOs should seem by Sept. 5.
Contributing, Kama Nkemkanma (LP-Ebonyi), a member of the committee mentioned: “what we’re speaking about right here entails billions of unremitted cash, I’ll need us to be extra critical.
He referred to as on the CEOs of insurance companies to look quite than sending their subordinates, saying that there was the necessity to get to the underside of the issue.
Timilehin Adelegbe (APC-Ondo), additionally a member of the committee mentioned the difficulty of non remitance of staff NHF contribution was not one thing to joke with.
He mentioned: “for any excellent unremitted fund, the CEOs ought to be held responsibe and in the event that they failed by subsequent listening to, we’ll publish their names.
NAN
