The Humanity Development and Empowerment Organisation (HDEO), commonly known as the Lenders Association, has called on the federal government to urgently remit ₦12 billion in loans deducted from civil servants’ payslips and salaries but not credited to lenders.
The Lenders Association, a coalition of financial institutions, including commercial banks, microfinance banks, and finance companies, said the unremitted deductions have significantly impacted their operations.
During a leadership handover ceremony in Abuja over the weekend, the outgoing National President of the group, Dr. Osita Nebolisa, tasked the newly elected executives, led by Mr. Dele Apanisile, to prioritize resolving the issue with the Office of the Accountant General of the Federation and the Integrated Personnel and Payroll Information System (IPPIS).
“One of our most pressing challenges remains the recovery of over ₦12 billion in deducted but unremitted funds,” Nebolisa said. “I urge all members to provide unwavering support to the EXCO in addressing this critical issue.”
He added that the incoming leadership, which includes experienced members from the previous administration, has the continuity required to tackle the problem.
“To those who may have reservations, I appeal for unified support of their strategies to retrieve these funds and prevent future losses through the IPPIS deduction system,” Nebolisa emphasized.
Dr. Nebolisa, who served from November 2022 to November 2024, highlighted key accomplishments during his tenure, including the provision of over ₦6.2 billion in loans to more than 2,400 federal civil servants.
He also noted the signing of a Service Level Agreement (SLA) with the Office of the Accountant-General of the Federation in 2023, which established a framework for equitable credit access while safeguarding stakeholders’ interests.
The newly elected executives pledged to build on the achievements of their predecessors and address the outstanding remittance issues.
National President Mr. Dele Apanisile assured members of the association’s commitment to working with relevant government offices to ensure that deductions are properly accounted for and credited to lenders.
