House Probes N2.1bn Mint Scam, to Invite Sanusi

In Breaking News, Business & Economy

The House of Representatives on Saturday said it was shocked to hear that N2.1bn of newly printed N1,000 notes was missing at the Nigeria Security Printing and Minting Company.

Last week, the Central Bank of Nigeria Governor, Lamido Sanusi, launched an investigation to ascertain the quantity of money missing at the NSPMC and reportedly asked the Managing Director of the agency, Ehi Okomoyon, and its Head of Security, Emmanuel Bala, to go on compulsory leave.

The Chairman, House Committee on Banking and Currency, Mr. Chukwudi Onyereri, told SUNDAY PUNCH that the committee had already waded into the matter and was in search of the truth.

He said due to “conflicting information” before the committee on the theft, it had opted to invite Sanusi and the management of  the NSPMC.

He said, “The MD, before his suspension, said the missing amount was about N1.5m. But, the governor of the CBN said it was about N2bn. As a House, we have a responsibility to find out what exactly happened. That is the right step to take now. We shall invite all the parties.”

When contacted on Saturday, the Director, Corporate Communications, Central Bank of Nigeria, Mr. Ugochukwu Okoroafor, in a telephone interview with our correspondent said he could not comment on the issue.
He said, “I don’t speak for the Mint. I speak for the CBN and I think it would be appropriate to direct your enquiries to them.”

The Media Adviser to the NSPMC, Mr. Obi Adiele, however said it was N900, 000 and not N2.5bn that was stolen at the company.

He said, “The amount reported is false. It was not N2.1bn that was stolen. What happened was that there was a security breach and one of the security operatives was arrested with about N900,000 in Lagos two weeks ago.

“An investigative audit panel has been set up to find out what really happened and they are still carrying out investigations. Their report will be ready by January.”

Meanwhile, opposition political parties have attributed the cash theft to the Federal Government’s laxity in fighting corruption.

The National Publicity Secretary of the All Nigeria Peoples Party, Emma Uneukwu, said, “One basic fact is that corruption has become endemic in this country and the present leadership is paying lip service to it.

Since people have discovered that the present government is not serious with fighting corruption, they have resorted to all forms of criminality and brazen acts of corruption. It’s happening everywhere, the pension board, the NNPC, name it. So, the NSPMC is not an exception.

“Until Nigeria gets a leader, who is serious with fighting corruption, embarrassing things like this will keep happening and the country will not move forward.”

Similarly, the National Publicity Secretary of the Congress for Progressive Change, Rotimi Fashakin, said the incident had shown that corruption had reached new heights in the country.

He said, “If confirmed, this is unprecedented in Nigeria’s history. It seems, under this regime, all forms of bizarre acts of brigandage and banditry are possible. Do not be surprised that like all other cases of corruption, no conviction shall be established. Under this Jonathan-led regime, Nigeria’s bleeding and pillaging has continued unabated.”

When contacted, the National Publicity Secretary of the Action Congress of Nigeria, Lai Mohammed, said the party was investigating the incident.

“This might be just the tip of the iceberg,” he said.

Since You Are Here, Support Good Journalism

CrossRiverWatch was founded on the ideals of deploying tech tools to report in an ethical manner, news, views and analysis with a narrative that ensures transparency in governance, a good society and an accountable democracy.

Everyone appreciates good journalism but it costs a lot of money. Nonetheless, it cannot be sacrificed on the altar of news commercialisation.

Consider making a modest contribution to support CrossRiverWatch's journalism of credibility and integrity in order to ensure that all have continuous free access to our noble endeavor.


New Feature: Don't miss any of our news again.Get all our articles in your facebook chat box.Click the Facebook Messenger Icon below to subscribe now

Text Advert by CRWatch :Place Yours

Will You To Learn How To Make Millions Of Naira Making Special Creams From Your Kitchen?.Click Here

Expose Your Business And Make More Sales. Advertise On Today

You may also read!

Wayas Urges Ayade To Join APC

By Nicholas Kalu, The Nation Newspaper A stalwart of the All Progressives Congress (APC) in Cross River State, Joseph


Beyond Profits – Review Of Host Community Provisions In Nigeria’s Petroleum Industry Bill 2020 By We The People

By Archibong Jeremiah We The People – Centre for Social Studies and Development has reviewed the Host Community Provisions


Alleged N3.8b Debt: Appeal Court Agrees To Hear Suit Against Cross River

By Eric Ikhilae, The Nation Newspaper The Court of Appeal in Abuja has agreed to hear a case brought


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu

Share this now