Featured
Reps summon Emefiele, Mint ex-MDs over accounts, board
TRACKING____The House of Representatives Committee on Public Accounts has summoned the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, and former managing directors of the Nigerian Security Printing and Minting Company Limited (NSPMC) over allegations that the Mint operated for eight years without audited accounts and a management board.
The summons was issued yesterday after the lawmakers found out from the current chief executive of the NSPMC, Abbas Masanawa, that the agency had been running without a board since 2012 with its accounts unaudited too.
Represented by the Director of Finance, Augustine Omotoso, during a meeting with the panel in Abuja, the NSPMC henchman made the disclosure to the legislators who were investigating the expenditure profiles of over 300 agencies of government.
In his presentation, he confessed that there was no financial audit of the agency since 2012, adding that a board was yet to be in place since he assumed office.
The CBN governor, is statutory, the chairman of the NSMPC board.
The NSMPC was jointly established in 1963 by the Federal Government and a British company. It has since printed currency notes for the expenditure of the federation.
The privatisation of the Mint by ex-President Olusegun Obasanjo in February 2002 was controversial, and its Managing Director, Sambo Dasuki, resigned in protest.
In 2006, erstwhile CBN Governor Charles Chukwuma Soludo regretted that Nigeria was the only country in the world that had a mint but still imported currency, announcing plans by the government to privatise the company.
Besides, the investigating committee has set up an inquiry into the project performance and expenditure of the Nigeria Content Development and Monitoring Board, Yenagoa, Bayelsa State since 2010 when it came on stream.
Its Managing Director, Simbi Wabote, also confessed to the panel that there was no properly constituted board for his agency.
He assumed office on December 12, 2016.
-
News5 days ago
Attack on nurse: Enugu Assembly moves to regulate activities of masquerades
-
News2 days ago
Fake Reverend Sister Arrested With 38 Children
-
Politics6 days ago
APC leader collapses and passes away in church on Friday
-
News6 days ago
Court awards N10m damages against EFCC for ‘unlawful’ publication against Christ Embassy Pastor Miebi Bribena and wife
-
News6 days ago
Local Content, Local Fraud
-
Politics7 days ago
Hon. Dr Gentle Emelah inaugurated as commissioner of education,
-
Gist15 hours ago
My Boss Used To ‘KNACK’ My Wife After Sending Me On A Mission, To The Extent She Got… – Ex-soldier
-
Politics5 days ago
Magnus Abe: my rift with Wike over