The ongoing restructuring at the Central Bank of Nigeria has been extended to the Nigerian Security Printing and Minting Plc, even as the apex bank dissolved the entire top management of the firm on Wednesday night....READ THE FULL ARTICLE HERE ▶▶
The changes, confirmed through an internal circular addressed to the entire staff of Mint, saw the sack of Ahmed Halilu, erstwhile Managing Director while Abubakar Sule Minjibr was appointed in his place in an acting capacity.
Also appointed in acting capacity are Mohammed Mustapha (GM, Finance and Strategy) and Adesoji Ogungbesan (GM, Corporate Services).
The memo dated July 10, 2024 was signed by Adesoji Ogungbesan.
Part of the notice read: “The board has announced the immediate dissolution of the present executive management team of the NSPM, and has approved the immediate constitution of an interim executive management team, as follows: Mr. Abubakar Sule Minjibir Ag, Managing Director Mr.Muhammed Mustapha GM, Finance and Strategy, Mr.Adesoji Ogungbesan GM, Corporate Service.
“The management team assures all staff of its commitment to the welfare of the staff of the NSPM, the strategic initiative and organization transformation developed by the board. Staff members are encouraged to cooperate with the new management team to achieve the board’s strategic vision for the company.”
Halilu, the erstwhile MD& CE, who is an elder brother to a former First Lady, Aisha Buhari, was relieved of his duty alongside ED, Corporate Services, Ado Danjuma, ED, Security Documents, Tunji Kazeem, ED, Lagos factory, Chris Orewa, and Company Secretary and Legal Adviser, Mrs. Victoria Lucky Irabor.
The newly appointed interim MD&CE was the ED, Abuja factory, and has been with the company.
He was formerly a Liaison Officer of CBN when Lamido Sanusi held sway as CBN governor.
He was later appointed as the General Manager, Tawada Limited, a subsidiary of the NSPM.
The dissolution was after the CBN appointed consultant, PwC submitted its report at the end of June 2024.
In 2022, an international advocacy organisation, Gravitas Group, had condemned the appointment of Halilu as the Managing Director of Mint….READ FULL ARTICLE
