Legislative AccountabilityObservatory
Home / Probes / LAO-0229

Remittances to the National Housing Fund

Status
No final report
Assembly
House of Representatives
Opened
19 August 2023
Assembly term
10th National Assembly (2023–2027)
Committee
Ad hoc committee
Sum at issue
₦267 billion
Subject
Revenue and remittances
Without a report for
1,180 days

The House of Representatives set up an ad hoc committee, chaired by Dachung Bagos (PDP, Plateau), to investigate the non-remittance of contributions to the National Housing Fund (NHF) and the use of the fund since 2011. It invited the Head of the Civil Service, the Federal Mortgage Bank of Nigeria, the Accountant-General, the Auditor-General, the ICPC and the EFCC. The Federal Mortgage Bank told the committee it had collected about ₦591.5 billion since 2011. The committee later summoned the chief executives of insurance companies over ₦267 billion in unremitted housing fund contributions, and threatened to subpoena bank chief executives who failed to appear.

What the record shows

  • 19 August 2023
    Probe opened.
  • As of 11 November 2026
    No final report of this probe has been found on the public record.

Opened more than 120 days ago, and no final report of the committee has been found on the public record. Interim reports and hearings are shown where known. Know of a report, hearing or outcome missing here? Send a correction.