The National Housing Fund (NHF) Refund allows contributors to recover the money they contributed while working. This refund is managed by the Federal Mortgage Bank of Nigeria (FMBN). If you meet the required conditions, you can apply and receive your accumulated contributions with interest.
What is NHF Refund?
The NHF Refund is a payment made to eligible contributors after retirement, permanent incapacitation, or other approved conditions. Under the NHF Act, contributors can recover their total contributions plus 2% interest.
The refund is calculated using:
NHF Refund = Monthly Contribution × Number of Months in Service + 2% Interest
This helps workers recover funds contributed during their years of service.
Who Can Apply for NHF Refund?
You can apply for NHF Refund if you:
• Retire at the age of 60
• Retire after 35 years of service
• Become permanently incapacitated
• Are self-employed and attain age 60
If a contributor dies, the next of kin or legal representative can also apply for the refund on behalf of the deceased person.
How to Apply for NHF Refund
You can submit your NHF Refund application through:
• Any FMBN branch nationwide
• The FMBN Internet Banking Platform
Applications may be submitted physically at the bank or online through the approved channel.
For employees, the application is usually submitted through the designated officer in the organisation. The officer then forwards the application to FMBN for processing and payment.
General Documents Required
Applicants are expected to provide the following documents:
• Application letter requesting refund
• Letter of Offer of Appointment
• Birth Certificate or Declaration of Age
• Introduction Letter from former employer
• First Appointment Letter
• Confirmation Letter
Additional documents may also be required during processing.
Additional Documents Needed
Other supporting documents include:
• Retirement Letter
• Completed NHF Withdrawal Forms
• NHF Passbook
• Bank account details for payment
• Any additional supporting documents requested by FMBN
Ensure all documents are complete to avoid delays during processing.
Refund in Case of Incapacitation
Applicants applying due to permanent incapacitation should provide:
• Handwritten application letter
• Medical report confirming incapacitation
• Confirmation letter from employer or organisation
These documents help confirm eligibility for the refund.
Refund in Case of Death
For deceased contributors, representatives should provide:
• Handwritten application letter
• Death Certificate
• Letter of Administration for refunds above N150,000
This ensures the refund is paid to the rightful beneficiary.
Before applying, confirm your eligibility and gather all required documents. You can visit any FMBN branch nationwide for enquiries or use the official online platform for assistance.
