Missing N2.1bn: Reps probe Sanusi, NSPMC

Editors Online
January 18, 2013 4:15 pm


The House of Representatives yesterday resolved to constitute an ad-hoc committee to investigate the Nigeria Security Printing and Minting Company (NSPMC) over an alleged missing N2.1 billion.

Governor of the Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi, chairs the NSPMC board.

The decision was taken following the unanimous adoption of a motion by the chairman, House committee on Rules and Business, Hon. Albert Sam-Tsokwa (PDP-Taraba), and 60 others.

In the motion, Sam-Tsokwa said that in December 2012, N2.1 billion of newly printed N1,000 note denomination mysteriously disappeared in the course of production from the company’s vaults due to security breaches as admitted by the management of the NSPMC.

He noted that the incident was the second time large sums of money disappeared in mysterious circumstances in the course of production, adding that there had been conflicting information on the actual amount declared missing.

He said, “While the CBN governor said it was about N2 billon, the managing director of the company claimed that the amount missing was N1.5 million and the media adviser to the managing director claimed that the actual amount missing was N900,000 due to a security breach and that a security operative was arrested in Lagos with the said sum of N900,000.”

Sam-Tsokwa observed that the CBN owns 77 per cent of the NSPMC, BPE has 20.6 per cent, while Due Rue of United Kingdom owns the remaining 2.94 per cent, making the company a public one.

He said 39 workers of the company were summarily sacked when the matter became public.

The chief executive officer of NSPMC, Mr. Ehi Okomoyon, was ordered to proceed on an indefinite leave when the matter became public and was immediately replaced by Alhaji Ahmed Bamalli.

Culled from blueprint

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