The Federal Mortgage Bank of Nigeria (FMBN) says the Integrated Personal Payroll Information System (IPPIS) failed to remit N26.6 billion of workers’ contributory funds in two years.
Mr Madu Hamman, Managing Director of FMBN, said this on Thursday in Abuja while appearing before the House of Representatives Ad hoc committee probing the non-remittance to the National Housing Fund (NHF) and Utilisation.
According to him, from October to December 2022 there were 40 per cent unremitted payments to FMBN resulting from revenue drive by the Federal Government and a total of N11.630 billion was involved.
“From January to December 2022, N11.587 billion was not remitted as backlog payments for MDAs from IPPIS, while N3.356 billion was not remitted from April to July 2021 as outstanding failed payments for 2021 from IPPIS,” he said.
Hamman explained that some NHF payments meant to be paid to FMBN as housing contributions had been wrongly made into the Federal Government Loan and Scholarships Board, adding that 14 MDAs were affected by the wrong payments.
He said all contributors were eligible for a full refund of their contribution over the years including accrued interest of 2 per cent upon retirement.
Speaking on projects executed through various means, Hamman said FMBN ensured it gave loans to registered members of the association of developers.
He said that FMBN also had the regular primary mortgage bank from interested individuals where it disbursed N139.6 billion to 24,332 beneficiaries.
On the ministerial pilot scheme, he said the Federal Ministry of Works and Housing provided land for those on the scheme and it had spent N38 billion to build 5,443 units of housing.
Responding to the allegations, Mr Ekwem Dem, Deputy Director, IPPIS in the Office of the Accountant General, said: “On our part, we are just hearing some of these allegations.”
He said, for instance, the ‘no work no pay’ for members of ASUU remittances was still hanging, adding that there was a need for a reconciliation window, “so we can see the area of convergence.”
Rep. Dachung Bagos, the Chairman of the Committee, said it would go on oversight of some of the projects claimed to have been executed by FMBN and where they were located.
“We are going to do some random checks to see the utilisation of this work, we are going to oversee all these projects.
”We need to know why the Nigerian civil servants are not given what is due to them, even if we have to go with a tricycle; we will go.
”Some of us are engineers. We are going to receive some of these things, we must get value for our naira and Nigerians must get value for their money,” the chairman said.
On Wednesday, the Nigeria Labour Congress (NLC) threatened to pull out civil servants from the NHF contributory funds over the non-remittance of deductions made.
President of NLC, Joe Ajaero, made the threat while appearing before the House of Representatives Ad hoc Committee on Non-Remittance to the NHF and Utilisation of the Funds from 2011 till Date.
According to Ajaero , FBN has refused to send alerts of how much civil servants have contributed including their monthly deductions.
He urged the lawmakers to take drastic steps to remove the encumbrances of affordable and quality housing for millions of Nigerians, especially workers who make the most contributions to the NHF. (NAN/vitalnewsngr.com)