Members of the Senior Staff Association of the Federal University of Technology, Akure (FUTA), have staged a protest at the Federal Mortgage Bank of Nigeria (FMBN) branch in Alagbaka, Akure, over the non-remittance and nonrefund of National Housing Fund (NHF) contributions deducted from their salaries.

The FMBN administers the NHF, a federal scheme established to provide affordable housing finance for Nigerians through monthly deductions from workers’ earnings.

The FUTA branch of SSANU is championing the protest on behalf of the national leadership of the union, with its permission, as the issue affects members across all branches nationwide.

Speaking during the protest, Chairman of the association, Felix Adubi, said the demonstration was aimed at expressing the union’s dissatisfaction with the administration of the fund.

He explained that by law, contributors who retire and are not indebted to the bank are entitled to a refund of their NHF contributions within three months of application.