How to register for the National Housing Fund Loan

Federal Mortgage Bank of Nigeria (FMBN) was established in 1956, known then as the Nigerian Building Society (NBS), a joint venture of the Commonwealth Development Corporation and the Federal and Eastern Governments of Nigeria but the introduction of the indigenization act(1973), acquired the NBS and was renamed the Federal Mortgage Bank of Nigeria (FMBN). In 1994, FMBN assumed the status of the apex mortgage institution in Nigeria, with the promulgation of the FMBN Act 82 [1993] and the Mortgage Institutions Act 53 [1989]. It also started the management and administration of the contributory savings scheme known as the National Housing Fund (NHF) established by Act 3 of [1992].

The National Housing Fund (NHF) is a social savings scheme designed to mobilize long-term funds from Nigerian workers, banks, insurance companies and the Federal Government to advance concessionary loans to contributors.The Procedure for registration for the NHF is listed follows:



Form NHF1

The Federal Mortgage Bank of Nigeria (FMBN) will provide the employer registration form (NHF1) to employers. Employers are to complete the NHF1 form and return to the nearest branch of the Federal Mortgage Bank of Nigeria.

Employer’s registration number

Federal Mortgage Bank of Nigeria will register the Employer and issue an employer’s registration number after submission.

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Form NHF2

Federal Mortgage Bank of Nigeria will issue form NHF2 to employers for completion by employees or directly to self-employed or individual. Employees will complete the form NHF2 and return to the employer. The employer or self-employed individuals will return completed form NHF2 to Federal Mortgage Bank of Nigeria.

Employee/self-employed participation number

Federal Mortgage Bank of Nigeria will register Employees on Form NHF2 and allocate employees participation number to each employee/self-employed individual.


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. At this point, an employee is now a registered participant of the National Housing Fund.



The employer will begin deduction of contributions(2.5%) at the source. Such deductions are remitted to Federal Mortgage Bank of Nigeria with a schedule of payment indicating the amount contributed by each employee and the period covered. Self –employed contributors will also commence monthly remittances of contributions to FMBN.

Receipt of payments

Federal Mortgage Bank of Nigeria will accept contributions and issue receipts for payments.

Although, only registered members who pay deducted monthly contributions from their salary(at least 6 months) of the National Housing Fund  are eligible for loan


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