By Tom Okpe
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 Chief Executive Officers, (CEOs) of insurance companies in the country.
They are to explain reasons, for over N267 billion unremitted workers investment in the National Housing Fund, (NHF) only for the year 2019.
Chairman of the committee, Rep Dachung Bagos issued the summon following their failure to appear before the committee in Abuja, Tuesday next week, to explain the unremitted fund.
He said the insurance companies should come and explain why they are still owing over N267 billion of workers investment to NHF in 2019.
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He also, said the National Insurance Commission, (NICON) must show proof of insurance companies who were in default of remitting workers investment to Federal Mortgage Bank of Nigeria, (FMBN), stressing that the insurance companies should come along with all the amount they had remitted to FMBN.
He directed that they should also, provide evidence of sanctions to those who had defaulted.
He said: “In 2019 alone, 54 insurance companies have not 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 daily basis.”
Dachung further noted that the 10th House would address the issue, adding that all concerned CEOs must appear on Tuesday.
In his contribution, Rep Kama Nkemkanma, (LP-Ebonyi), a member of the committee said observed that what we are talking about here involves billions of unremitted money, I want us to be more serious.
He called on the CEOs of insurance companies to appear rather than sending subordinates, pointing that there was the need to get to the bottom of the problem.
Rep Timilehin Adelegbe, (APC-Ondo), a member of the committee, also said the issue of non-remitance of workers to NHF contribution was not something to joke with.
“For any outstanding unremitted fund, the CEOs should be held responsibe, and if they fail by next hearing, we will publish their names,” he stated.
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