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What Is Happening To The Federal Housing Fund Deducted Monthly From Salary - Politics - Nairaland

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What Is Happening To The Federal Housing Fund Deducted Monthly From Salary by ipasco: 12:25pm On Mar 26, 2012
please house i need these cleared as fast as possible, i thought over the national housing fund that is been deducted from workers salary every month and i wonder where precisely is this money going to and for what exactly is it ment for, from indications the federal government is the largest employer of labour in Nigeria today,and that amount to about 50million+ of Nigeria populace, and currently the sum of #1,800:00 is been deducted from a level 7 step 3 officer and this varies as the rank increases, taking the calculation, now imagine about 20million nigerians in that level and multiply it by 1,800 its about 36billion naira a month for only that level,this deduction has started from time immemorial, and it seems no one cares, its not only in pensions we have scam, could this be a scam too?
Re: What Is Happening To The Federal Housing Fund Deducted Monthly From Salary by Nobody: 1:55pm On Mar 26, 2012
They are also deducting from state civil servants, with clearly no house built for anybody nor any money given to anybody to build! Im contributing over 2000naira a month!
Re: What Is Happening To The Federal Housing Fund Deducted Monthly From Salary by ipasco: 4:00pm On Mar 26, 2012
In its bid to address the housing needs of the Nigerian citizenry, the National Housing Funds scheme was established by the Federal Government by Decree 2 of 1992. The scheme encourages workers to contribute 2.5% of their basic salary into the fund to be used to grant mortgage loans to them at very concessionary terms for the purchase, building, expansion or renovation of their houses,but house we dint see money we cant access.
Re: What Is Happening To The Federal Housing Fund Deducted Monthly From Salary by AfroBlue(m): 6:14pm On Mar 26, 2012
Nigerian leaders paint Dubai red
By Daniel Alabrah

Sunday, December 11, 2011 Daily Sun

• Ex-VP, MILAD, Governors buy up choice properties

Burj Al Arab Hotel in Dubai...The most luxurious hotel in the world

• The billions they spend on helicopter cruise, Amani Club

Corrupt Nigerian leaders have found a safe haven in Dubai, one of the seven emirates in the oil-rich United Arab Emirates (UAE), for stashing away their loot. The spendthrifts among them have also devised ways to satisfy their celebratory appetite at the drop of a hat. Sunday Sun investigation during a recent visit revealed that with tightening of the noose on slush funds in the Western world, some smart Nigerian leaders turned their focus to the delectable tourism city and business hub.

http://www.sunnewsonline.com/webpages/news/national/2011/dec/11/national-11-12-2011-001.html
Re: What Is Happening To The Federal Housing Fund Deducted Monthly From Salary by ipasco: 9:02am On Mar 27, 2012
so could this be what they use the national housing fund for? whereas the payee wallow in abject poverty living in the most obscure places within the country. more submission is needed please.

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