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Friday, December 7, 2012

N2.1 Billion Worth Of N1,000 Notes Missing

The board of directors of the Nigeria Security Printing and Minting Company (NSPMC) met yesterday over the scandal that rocked the establishment where it was revealed that a whopping N2.1 billion of newly printed N1,000 notes have mysteriously gone missing.

The board meeting, chaired by the Central Bank of Nigeria (CBN) governor, Sanusi Lamido Sanusi, decided to expand the investigation and audit the production of other currency denominations to ascertain the quantity of money that has actually gone missing over the years.

LEADERSHIP reported that an acting managing director, Ahmed Bamali, had been appointed to head the Mint company while Ehi Okomoyon, who was the chief executive, was asked to proceed on indefinite leave.

A source with insider knowledge of what transpired at the meeting said that the suspension of Okoyomon as managing director on an indefinite basis until all investigations have been concluded was reaffirmed.

The head of security at the NSPMC, Emmanuel Bala, has also been asked to go on compulsory leave by the board of directors of the company. The general manager, management services, Obi Igoban is expected to write him the letter of suspension today.

LEADERSHIP also gathered that the board faulted the suspended MD for failing to disclose to it that such amounts of money had gone missing even though the company had set up an internal investigation after a mint staff was arrested in Lagos for being in possession of unnumbered bank notes.

This is is so frightening, N2.1 billion gone missing just like that? Your thought please!

Culled from LEADERSHIP

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