Captain of IndustryAugust 7, 2017

FMBN: Unpaid Salaries Killing Mortgage Industry

The Federal Mortgage Bank of Nigeria (FMBN) has declared that the inability of state governments to pay salaries has been crippling mortgage industries in the country.

The bank pleaded with the 36 states of the federation to prioritise payment of salaries to workers to be able to shore up the National Housing Fund (NHF) for the building of low cost housing units for workers.

The Managing Director, Alhaji Mohammed Dangiwa, disclosed this in Ado-Ekiti on Monday while opening a new FMBN building in the state.

Dangiwa said there is need for the Ekiti government to remit the 2.5 per cent monthly deduction from each of the workers on minimum wage of N18,000 to the National Housing Fund (NHF) with which the unit operates with.

He said labour leaders in the state had expressed their desires to key into the NHF scheme and that they are awaiting the benefits which can only be attained if the fund is remitted to FMBN.

Related ItemsFMBN Mortgage Industry

AMB. PROF. OLUFOLAKE ABDULRAZAQ : Chairperson Nigeria Governor’s Wives Forum

All about Shanty Town

Martha Najoma : Sparkling like a Diamond at 60

A CHRONICLE OF A GREAT KINGDOM AS HRH ATUWATSE OGIAME III MARKS HIS FIRST 365 DAYS IN OFFICE

Sisi Abah Folawiyo: Doyen Of African Fashion @ 80

FMBN: Unpaid Salaries Killing Mortgage Industry

Related

UBA Credit Alert

Look Books

LookBook: Truth Hurts x Imaatu

LOOKBOOK: The Timeless Collection By Lucky Enemuo

Imaatu Debuts ‘Adire Tuntun’ Collection

Jurio Luti Unveils it’s Suit Collection titled Brazen

Childrenswear Brand, Fara and O’ma Launches New Fairy-tale Collection

More in Captain of Industry