Reps committee summons CEOs of insurance companies over non-remittance of N272bn

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The House of Representatives committee investigating the non-remittance to the National Housing Fund (NHF) and utilisation of the funds from 2011 on

Wednesday summoned the Chief Executive Officers of insurance companies over the non-remittance of over N267 billion.

It tasked the insurance companies to come along with documents showing all the monies remitted to the Federal Mortgage Bank of Nigeria , insisting that they should also provide evidence of sanctions to those who had defaulted. The Chairman of the Ad hoc committee, Dachung Bagos, issued the summons following the failure of the NHF to appear before the committee in Abuja on Tuesday at the resumed hearing to explain the unremitted fund.

Also, a member of the committee, Timilehin Adelegbe, said the issue of non-remittance of worker’s NHF contributions was not something to joke with.

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