NATIONAL HOUSING FUND ACT

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LAWS OF THE FEDERATION OF NIGERIA

NATIONAL HOUSING FUND ACT

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ARRANGEMENT OF SECTIONS

1. Establishment of the National Housing Fund.
2. Aims and objectives of the Fund.
3. Resources of the Fund.
4. Contribution by Nigerian workers.
5. Contribution by banks, etc.
6. Contributions by the Federal Government.
7. Management of the Fund, etc.
8. Utilisation of loan by mortgage institutions.
9. Deductions by employers from monthly salary of workers.
10. Participation in the fund by self-employed persons.
11. Duty of the Central Bank of Nigeria to collect contribution from Banks.
12. Determination of amount due from insurance companies.
13. Bank to pay money received into the Fund.
14. Beneficiaries under the Fund.
15. Security for Fund facilities.
16. Interest rate.
17. Refund to a contributor after retirement from office, etc.
18. Inspection.
19. Rendering of accounts.
20. Offence and penalty for failure by an employer to deduct or pay deductions.
21. Offence of making false statement or misrepresentation, etc.
22. Failure to produce document.
23. Exemption from payment of income tax.
24. Jurisdiction.
25. Regulations.
26. Interpretation.
27. Short title.

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NATIONAL HOUSING FUND ACT

An Act to provide for the establishment of the National Housing Fund and for matters connected therewith.

[1992 No. 3.]

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[Commencement.] [31st January, 1992]           

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1. Establishment of the National Housing Fund

(1)      There is hereby established a fund to be known as the National Housing Fund (in this Act referred to as “the Fund”).

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ALPHABETICAL INDEX TO THE LAWS OF NIGERIA (UPDATED TO 2018)