All Nigerians in employment, whether
self-employed or in paid employment, are required by the NHF Act No.3 of 1992
to contribute 2.5% of their basic salary/income to the fund.
The Procedure for registration is as follows:
1.The Federal Mortgage Bank of Nigeria (FMBN) will
supply Employer Registration Form (NHF1) to employers.
2.Employers will complete form NHF1 and return to
the nearest branch of the Federal Mortgage bank of Nigeria.
3.Federal Mortgage Bank of Nigeria will register
the Employer and issue an employer’s registration number.
4.Federal Mortgage Bank of Nigeria will issue form
NHF2 to employers for completion by employees or directly to self employed or
5.Employee will complete the form NHF2 and return
to the employer.
6.The employer or self-employed individuals will
return completed form NHF2 to Federal Mortgage Bank of Nigeria.
7.Federal Mortgage Bank of Nigeria will register
Employees on Form NHF2 and allocate employees participation number to each
8.Federal Mortgage Bank will issue a passbook to
each of the registered employees where the monthly deduction of his/her 2.5%
basic salary will be posted by the employer.
9.At this point, an employee is now a registered
participant of the National Housing Fund.
10.Employer will commence deduction of
contributions at source. Such deductions/contributions are remitted to Federal
Mortgage Bank of Nigeria with schedule of payment indicating the amount
contributed by each employee and the period covered.
11.Self –employed contributors will also commence
monthly remittances of contributions to FMBN.
12.Federal Mortgage Bank of Nigeria will accept
contributions and issue receipts for payments.