Nigeria’s president, Goodluck Jonathan has launched the National Housing Fund e-Card, an innovation aimed at eliminating fraud and promoting accountability and transparency in the National Housing Fund.
Speaking at the unveiling ceremony and commissioning of 270 housing units, the Nigerian president said the e-card is one of the integral measures of his administration for more transparency and accountability to the management of the National Housing Fund (NHF).
He said that the 270 housing units built by Sun Trust Real Estate Investment Ltd. and financed by Federal Mortgage Bank of Nigeria (FMBN) had a multiplier effect on the economy.
“I want to commend SunTrust Real Estate Investment Ltd., the strong partnership with the FMBN toward the completion of the aviation estates. This partnership illustrates the huge benefit in driving of the public private partnership arrangement for effective housing delivery and economic development,’’ he said.
Also speaking at the ceremony, Mr. Gimba Kumo, Managing Director of FMBN, said that the NHF e-Card would ensure proper record keeping, transparency and accountability for NHF collection.
Kumo said: The e-Card is a huge step forward in delivering the advantages of speed, accuracy, transparency, accountability and superior customer experiences to NHF contributors. The card serves dual purposes; it serves as an identification card as it carriers the name, participation number and passport photograph of every registered contributor. It will enable a contributor to access records of his or her contributions using any of the IT channels such as ATMs, Point -of-Sale (POS) terminals and the internet.”