NAHCON Approves Four Banks For Hajj Savings Scheme Implementation

The National Hajj Commission of Nigeria (NAHCON) has approved four banks to support and implement the Hajj Savings Scheme.

Taj Bank, Alternative Bank, and Lotus Bank will now operate alongside Ja’iz Bank to implement the 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.”

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The official signing and acknowledgement 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.

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“This expansion marks a new era for the Hajj Savings Scheme, ensuring a more robust financial structure to facilitate pilgrimage arrangements for Nigerian Muslims,” Abba noted.

Last year, the Chairman of the National Hajj Commission of Nigeria, Malam Jalal Arabi, stated that every pilgrim who paid for the 2024 Hajj through the government quota was supported with the sum of N1.63 million due to the instability of the naira