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    MarketForces Africa » MarketForces News » NAHCON Approves 4 Banks to Implement Hajj Savings Scheme

    NAHCON Approves 4 Banks to Implement Hajj Savings Scheme

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiFebruary 26, 2025Updated:February 27, 2025 News No Comments1 Min Read
    NAHCON Approves 4 Banks to Implement Hajj Savings Scheme
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    NAHCON Approves 4 Banks to Implement Hajj Savings Scheme

    The National Hajj Commission of Nigeria (NAHCON) has approved four banks to support and implement the Hajj Savings Scheme. Abdulbasit Abba, an official in the Information and Publications Division of NAHCON, announced the development in a statement in Abuja on Tuesday.

    Abba stated, “A significant milestone for the Hajj Savings Scheme, three new Islamic banks—Taj Bank, Alternative Bank, and Lotus Bank have officially joined the initiative to support Nigerian pilgrims.

    “These banks will operate alongside Ja’iz Bank, bringing the total number of participating financial institutions to four.

    “The official signing and acknowledgment of the appointment letters took place at Hajj House in Abuja, where representatives from the three new banks received their official letters from the National Hajj Commission of Nigeria (NAHCON).

    “The Commissioner for Policy, Personnel, Management, and Finance, Prince Abdullazak Aliu, presented the letters on behalf of the Chairman/CEO, Prof. Abdullahi Usman.

    “This expansion marks a new era for the Hajj Savings Scheme, ensuring a more robust financial structure to facilitate pilgrimage arrangements for Nigerian Muslims. #NAHCON Approves 4 Banks to Implement Hajj Savings Scheme#

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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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