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Crisis in NLC as N400 Million for Housing Scheme Goes Missing

BellaNaija.com

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NLC BellaNaijaThe Nigeria Labour Congress (NLC) is currently embroiled in controversy over the alleged disappearance of N400 million, which is part of contributions of Nigerian workers for a housing project.

The money is part of the sum of N960 billion allocated for a mortgage scheme for Nigerian workers, Vanguard reports. Sources say the project is being spearheaded by a private company in collaboration with NLC leaders and  a Greek national, and is aimed at providing houses for workers in the 36 states.

According to reports, the money mysteriously disappeared from one of NLC’s bank accounts in a new generation bank in Abuja.

A suspect linked to the disappearance of the money was reportedly on the run, but was later apprehended by Director of State Service (DSS) authorities and released afterwards.

Investigations are still ongoing.

Photo Credit:  Vanguard

10 Comments

  1. TANTRA

    September 22, 2014 at 10:56 am

    Naija and the curious case of disappearing funds. When you see the money, do let me know.

  2. AAA Events and Design

    September 22, 2014 at 11:41 am

    Hmmmmmmmmm Nigeria our country….
    aaaventsanddesign.blogspot.com

  3. teekay

    September 22, 2014 at 12:50 pm

    reports like this is embarrassing…. God help us

  4. nene

    September 22, 2014 at 1:30 pm

    lack of accountability…everyone involved should be arrested. the problem of missing funds is getting to much in nigeria. jail those idiots! there needs to be a death sentence for anyone caught embezzling or bribing, that should calm everyone down.

  5. Rita

    September 22, 2014 at 3:18 pm

    Its not new but something should be done cus its getting too much

  6. Jo

    September 22, 2014 at 4:10 pm

    It is not missing. Look in their bank accounts and lock up someone

  7. XteriAyaoba

    September 22, 2014 at 4:12 pm

    hmmmn Nigeria my great country! its amazing how huge funds just develop wings and fly away, never to be found, same goes for individuals that are apprehended in connection to the disappearance!

  8. DOTTY

    September 22, 2014 at 4:40 pm

    osule! ndi ara…

  9. Ijebu Boy

    September 23, 2014 at 4:38 am

    Naturally… lol

  10. JESUS DAUGHTER

    October 23, 2014 at 11:58 am

    it is very bad, that this issue of stealing money contributed by the fellow workers is said to have developed wings,some people put their money there because of the trust they have in NLC..now our so called NLC readers have betrayed the trust..Well they better return that money and get the houses built on or before December this year.If not the GOD of Elijah in( 1st king chpt 18 vs 17 to 46)is a consuming fire.HE will consume them and their generation yet on born,Because a stealing father or mother will only give birth to a bandit child,therefore GOD will consume them so that Nigeria will move forward,GOD bless Nigeria.

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