Thursday, February 2, 2023
No Result
View All Result
SUBSCRIBE
eNaira Online News
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
eNaira Online News
No Result
View All Result

FMBN explains reasons for inconsistencies in NHF accounts for subscribers

by e-Naira Online News
May 13, 2022
in Real estate
Reading Time: 2 mins read
A A
0
Home Real estate
Share on FacebookShare on Twitter


The Federal Mortgage Bank of Nigeria (FMBN) has explained the reasons for the inconsistencies in the accounts of the National Housing Fund (NHF) for workers or subscribers to the funds.

The foremost mortgage institution attributed that to delays in the payment schedules by ministries and agencies.

According to NAN, this was made known by the Group Corporate Communications of FMBN, Mr. Isa K-Sauri, during an interview on Friday in Abuja.

Sauri said some federal agencies released the payment schedule of their staff late, which made it difficult for the bank to collate reports and send out alerts as at when due.

He said that the non-updating of subscribers’ bio-data poses a challenge to the bank as change of emails, phone numbers, and other crucial information needed to make comprehensive records are usually missing.

What the FMBN spokesman is saying 

Sauri said, “The agencies submit these schedules late. The bank cannot release what it does not have; when we finally release it, it comes as if it is backdated, which is no fault of the bank but the NHF units of these agencies”. 

  • “So, we appeal to the agencies to roll out and release the schedules of their staff who are subscribers of NHF on time so that the bank can do their bit. 
  • “Also, the non-updating of subscribers’ bio-data poses a challenge to the bank as changes of email, phone numbers, and other crucial information needed to make comprehensive records are usually missing.”
  • A source who wished to remain anonymous said that the backlog of subscribers’ information that was being transferred from the analog files to the digital system was another contributory factor.
  • The source, however, assured that all issues that relate to discrepancies in the accounts of subscribers would soon be resolved, as the bank was not leaving anything to chance at satisfying the customers.
  • It also emerged that many of the NHF subscribers’ accounts were not accurate and did not reflect the amounts expected in them.

What you should know 

The NHF is a scheme created by the Federal Government for Nigerian workers to help them access flexible financing to get their own homes.

Related



Source link

Tags: accountsexplainsFMBNinconsistenciesNHFReasonssubscribers
Previous Post

Crude oil post gains but set to drop this week on fears of slowing global growth

Next Post

Best performing Nigerian Exchange Traded Funds for first week in May 2022

Related Posts

Real estate

Tax Credit: NNPC says phase 2 of infrastructure funding scheme to cost N1.9 trillion

by e-Naira Online News
February 1, 2023
Real estate

Tilden sees 2023 elections outcome impacting on real estate industry

by e-Naira Online News
January 31, 2023
Real estate

A case for corporate governance in FM profession –

by e-Naira Online News
January 31, 2023
Real estate

Lagos moves to eliminate quacks in real estate sector

by e-Naira Online News
January 30, 2023
Real estate

BlueSquare property delivers assured rental income, high ROI

by e-Naira Online News
January 29, 2023
Next Post

Best performing Nigerian Exchange Traded Funds for first week in May 2022

Discordant tunes persist as IOCs divestment gather steam | The Guardian Nigeria News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

British American Tobacco earns alliance for Water Stew — Opinion — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

Crypto Bank Custodia Denied Membership in US Federal Reserve System – Finance Bitcoin News

January 29, 2023

Vitafoam Plc advocates special FX window for manufacturing sector

January 28, 2023

NIMASA plots CVFF disbursement strategy with banks — Business — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

NGX CEO says to strengthen partnerships, digital transformation, sustainability

January 26, 2023

CAP full year PBT rises by 79% to N3.1bn

January 27, 2023

UNCTAD, Islamic Development Bank unite over sustainable investment — Business — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

Guinness grows half year gross profit by 16%

January 27, 2023

Tinubu distancing self from APC’s failure —Atiku’s aide

February 2, 2023

Why rail sector remains moribund, has no profit in 59 years | The Guardian Nigeria News

February 2, 2023

Nigerian universities and the noise of advancing ideas

February 2, 2023

Moody’s downgrades Nigerian banks’ rating

February 1, 2023

8 Black Financial Influencers You Ought to Follow

February 1, 2023

Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell  – Economics Bitcoin News

February 1, 2023

Geregu Power reports 51% drop in annual profit, proposes N20 billion dividend

February 1, 2023

MTN Declares N10 Per Share Dividend As Revenue Hits N2.0trn

February 1, 2023

Get the free newsletter

eNaira Online News

Get the latest news and follow the coverage of eNaira, Business & Financial, Stock Market, Analysis, and more from the trusted sources.

CATEGORIES

  • Banking
  • Business
  • Capital Market
  • Companies
  • Crypto
  • eNaira
  • Finance
  • Opinion
  • Personal Finance
  • Real estate
  • Uncategorized
No Result
View All Result

GET THE FREE NEWSLETTER

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.