FMBN launches mobile digital platform for housing fund

To ensure transparency and accountability in the operations of the National Housing Fund (NHF), the Federal Mortgage Bank of Nigeria (FMBN), last week, launched a mobile digital platform that empowers contributors real-time access to information on their NHF accounts. The FMBN digital platform is an innovative mobile messaging solutions integrated into a single suite to […]

To ensure transparency and accountability in the operations of the National Housing Fund (NHF), the Federal Mortgage Bank of Nigeria (FMBN), last week, launched a mobile digital platform that empowers contributors real-time access to information on their NHF accounts.

The FMBN digital platform is an innovative mobile messaging solutions integrated into a single suite to address the challenges associated with effective monitoring, management and notification of monthly NHF contributions nationwide.

The platform is said to enable contributors to receive instant notifications, stay in the know of their contributions and remittances to the scheme, update their records, check contributions, register and retrieve NHF numbers, request for statement of account, calculate home affordability and mortgage payments, and search for NHF related information from FMBN bulletin board service.

Speaking at the launch,  the MD/CEO FMBN, Ahmed Musa Dangiwa, expressed delight while stating that the FMBN Digital Platform is the result of the new management’s commitment to addressing, in a structured manner, the challenges that have bedeviled the effective implementation of the NHF scheme.

He said: “On assumption of office in April 2017, we audited the system and discovered that most employers under remitted deductions; remittance schedules of deductions were not provided, contributions records were not updated and maintained in passbooks and most contributors did not know the status of their contributions.

“Having critically evaluated the issues, we decided to automate the process to give contributors unfettered access to information pertaining to their contributions and the policies associated with the scheme for greater efficiency, transparency, accountability and service delivery.

“I am extremely excited that today, we are here to witness the realization of this strategic milestone.

“The introduction of the mobile digital solutions has now put the power of convenient access to information about the state of NHF accounts in the hands of contributors since they can now manage, monitor and receive prompt/instant notifications via their mobile phones and email accounts on activities on their accounts.”