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 had exclusively 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 told LEADERSHIP 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.

The board meeting, which reportedly started at about 10am, did not end until 3pm. Other than the initial audit report, the board also discussed routine and budgetary issues.

The CBN had to set up its own audit team, whose findings were put to the board yesterday, and a unanimous vote affirmed that Okoyomon should continue on indefinite suspension.

Part of the CBN audit team’s investigation is to unravel why the management of the Mint company has consistently refused to place Closed-Circuit Television (CCTV) in its Abuja and Lagos factories, and why other security measures were deliberately set aside.

The audit team had, however, established that the theft of printed bank notes could be traced to security lapses and security personnel who take custody of newly printed bank notes, and when there were shortages, they were never reprimanded. The entire security department is said to be directly under the supervision of MD.

LEADERSHIP also learnt that this would be the second time that Okoyomon would be going on suspension as he suffered a similar experience in 2007 for three months when Charles Soludo, who had appointed him in the first place, was CBN governor.

After seven and a half years on the job, Okoyomon has been the longest serving MD of the NSPMC, with previous chief executives spending an average of five years in office.


www.247nigerianewsupdate.com/mint-scandal-n2-1-billion-worth-of-n1000-notes-missing/

I wonder wen we wod start to hear good news about nigeria

For this, I must comment!

Corruption every where. If u thief small, the community will catch u and set u ablaze(aluu community). If u thief plenty, ur community will give u a chieftancy title. Naija I hail

Isn't that interesting?

now let the game begin....N2.1billion disappeared and nobody can account for it? the MD/CEO hasnt resign for incompetence/negligence; Chief Auditor/Inspector hasnt resigned as well? then we are in big shit o...instead another committee to probe this incidence and another committee to review the first committee's findings and then another COMMITHIEVES to review the report of the second commithieves report and another COMMITHIEVES to review and advice on the white paper to adopt and on and on and on we go...

Lord have mercy on Nigeria o...

Na today? Everyday, negative news.

2.1 billion! wow!!!!!

Under dis administration.....lots of criminal activities are going on

dis is simply reminding me of all d happenings in 9ja b/w 1960-1966

let Nigerians beware n let history not repeat its self

This is what Sanusi Lamido Sanusi should concern himself with not speaking like on broad national issues.

So where is the money? 2.1 billion bins gone chai!

LIERS ALWAYS LIEING NA MY PAPA TAKE AM NA,HOW COULD SUCH AM0UNT MISS.

Imagine if it was now N5000 notes, it would have been 10.2 billion Naira, exactly what sanusi wanted, i hope Nigerians are beginning to see beyond their rose colored glasses

OMG

Get rich or die tryin syndrome!
So like play, like play d money don disappear be dat.
Na amadioha thief am in a mysterious style? Scam country.

When did they start minting money that has wings?

9free: For this, I must comment!

Is that all you have to say then? Simpleton!


Topic....
Majority of the idiots who constitute the board of directors will know where the missing money is, i am sure!

In Nigeria such amount can be lost, it is not new.

Everybody will speak and type grammar as usual. After that, we all retuRn to suffer head, hoping that "God go catch them one day".

Our freedom is in our hands if only we are willing to take it by FORCE.

fatdon1: 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 had exclusively 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 told LEADERSHIP 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.

The board meeting, which reportedly started at about 10am, did not end until 3pm. Other than the initial audit report, the board also discussed routine and budgetary issues.

The CBN had to set up its own audit team, whose findings were put to the board yesterday, and a unanimous vote affirmed that Okoyomon should continue on indefinite suspension.

Part of the CBN audit team’s investigation is to unravel why the management of the Mint company has consistently refused to place Closed-Circuit Television (CCTV) in its Abuja and Lagos factories, and why other security measures were deliberately set aside.

The audit team had, however, established that the theft of printed bank notes could be traced to security lapses and security personnel who take custody of newly printed bank notes, and when there were shortages, they were never reprimanded. The entire security department is said to be directly under the supervision of MD.

LEADERSHIP also learnt that this would be the second time that Okoyomon would be going on suspension as he suffered a similar experience in 2007 for three months when Charles Soludo, who had appointed him in the first place, was CBN governor.

After seven and a half years on the job, Okoyomon has been the longest serving MD of the NSPMC, with previous chief executives spending an average of five years in office.


www.247nigerianewsupdate.com/mint-scandal-n2-1-billion-worth-of-n1000-notes-missing/

Ok!

ochallo: Imagine if it was now N5000 notes, it would have been 10.2 billion Naira, exactly what sanusi wanted, i hope Nigerians are beginning to see beyond their rose colored glasses

In that case we should go back to using N20 notes so the money stolen will be less

Control has failed that is the issue here and not currency denomination. Stick to the issue.

fatdon1:

The board meeting, which reportedly started at about 10am, did not end until 3pm. Other than the initial audit report, the board also discussed routine and budgetary issues.




www.247nigerianewsupdate.com/mint-scandal-n2-1-billion-worth-of-n1000-notes-missing/

Imagine the level of unseriousness amounted to such a huge issue, is this not the normal time of work for any set of responsible human beings.

see them talking of N2.1bn as if it is 500k! Naija my country, i hail thee!

Shey money walk by itself ni That one na thief, ole, barawo, they don steal am they come talk say e miss.
Who go believe that one. Shio

Awon were...... sha na me come carry am

ballabriggs:

In that case we should go back to using N20 notes so the money stolen will be less

Control has failed that is the issue here and not currency denomination. Stick to the issue.

you are still obviously in deep delusion, the notes were newly printed, it was a planned job, the N5000 notes were to have been used. the money would resurface in 2015.

Over to you Red mosquito Dancing Azonto on Obama style


https://www.youtube.com/watch?v=2zPiQgUQt3E

There is no crime in Nigeria without insider information or godfather behind it.

Setting up audit committees and their likes will not solve the problem, however, arresting ALL top management, torturing them, revoking any privileges will reveal the destination of the money.

Pls check 500,200,100 and 50 naira notes too , and lets know when and where to hang these bastards!

fatdon1: 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 had exclusively 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 told LEADERSHIP 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.

The board meeting, which reportedly started at about 10am, did not end until 3pm. Other than the initial audit report, the board also discussed routine and budgetary issues.

The CBN had to set up its own audit team, whose findings were put to the board yesterday, and a unanimous vote affirmed that Okoyomon should continue on indefinite suspension.

Part of the CBN audit team’s investigation is to unravel why the management of the Mint company has consistently refused to place Closed-Circuit Television (CCTV) in its Abuja and Lagos factories, and why other security measures were deliberately set aside.

The audit team had, however, established that the theft of printed bank notes could be traced to security lapses and security personnel who take custody of newly printed bank notes, and when there were shortages, they were never reprimanded. The entire security department is said to be directly under the supervision of MD.

LEADERSHIP also learnt that this would be the second time that Okoyomon would be going on suspension as he suffered a similar experience in 2007 for three months when Charles Soludo, who had appointed him in the first place, was CBN governor.

After seven and a half years on the job, Okoyomon has been the longest serving MD of the NSPMC, with previous chief executives spending an average of five years in office.


www.247nigerianewsupdate.com/mint-scandal-n2-1-billion-worth-of-n1000-notes-missing/

Soon naija will be missing too

Too much money in some people's hands. They just printed their own money like that- smooth operating criminals!

It appears that sophisticated jungle fund raising for 2015 elections has officially begun. Bunch of thieves. SMH