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Nairaland Forum / Nairaland / General / Business / CBN Begins Restructuring Of NSPMC, Retires Directors (11198 Views)
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CBN Begins Restructuring Of NSPMC, Retires Directors by etunoman76(m): 6:41am On Aug 29, 2014 |
The Central Bank of Nigeria has begun the restructuring if the Nigerian Security Printing and Minting Plc in line with the directive of President Goodluck Jonathan. To this end, the board of the company has approved the dissolution of the executive management of the Mint. It also directed the current Acting Managing Director, Alhaji Bamali Ahmed, and two executive directors to retire from the company with effect from September 1, 2014. The development was confirmed in a statement signed by the Company Secretary/Legal Adviser to the NSPMC, Mr. Lawal Adamu, and made available to our correspondent on Thursday in Abuja. The statement said that the board had also approved the appointment of Mr. Joseph Ugbo as the substantive managing director/chief executive of the company. The board also appointed Alhaji Abbas Masanawa as the Executive Director in charge of Finance and Strategy of the company. The statement read in part, “The board of directors of the NSPM Plc has dissolved the executive management of the company and directed the current acting managing director and two executive directors to retire with effect from Monday, September 1. “Consequently, the board has approved the appointment of Mr. Joseph Ugbo as substantive managing director/chief executive officer and Alhaji Abbas Masanawa as executive director in charge of finance and strategy of the company.” The changes, it added, were in line with the new strategic direction of the company aimed at repositioning it as an efficient and profit-oriented firm that would serve not only the banknotes and security printing needs of the company, but those of the West African sub-region. Jonathan had on Thursday, while speaking during the unveiling of the national identity card, said he had directed the CBN governor, Mr. Godwin Emefiele, to reposition the NSPMC to enable it become a global player in the printing of security documents. He said, “In fact, when I appointed the new CBN governor, I told him that the Nigerian Security and Minting Company must be reformed. There is no way we are doing local government election, electing House of Assembly members, electing governors in Oyo, Ekiti, Adamawa that all what we will produce will be done outside this country. Why? “Other countries produce their needs, we claim to be a giant, a giant that will just send everything out, we empower others we don’t create jobs for our people. And so, the Mint must be restructured as well as the Independent National Electoral Commission and other bodies.” http://www.punchng.com/business/business-economy/cbn-begins-restructuring-of-nspmc-retires-directors-2/ 11 Likes |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by Innodon(m): 6:42am On Aug 29, 2014 |
Better. Change is all we need. With 2015 in mind....the changes are necessary. Incase u don't know. ..lemme tell u....FTC.. (nt my 1st tym sah)..But I'm kinda surprise I made it this morning thanks to sharpness of Airtel..amd their so called WTF bundle. |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by wulzyp(m): 6:43am On Aug 29, 2014 |
Ok |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by fiverrwin(f): 6:44am On Aug 29, 2014 |
Good work 1 Like |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by Nobody: 6:45am On Aug 29, 2014 |
CBN? All i can remember is the #65 charge for now 2 Likes 1 Share |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by bennygreat1(m): 6:46am On Aug 29, 2014 |
Good Development.. Buh I hope the people to replace them re BETTER... Changes re what we need.. 2 Likes |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by ossaisly(m): 6:46am On Aug 29, 2014 |
haaa |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by yousee(m): 6:47am On Aug 29, 2014 |
Good move |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by neuljosh(m): 6:49am On Aug 29, 2014 |
Okay |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by Innodon(m): 6:50am On Aug 29, 2014 |
Tazmode: CBN? All i can remember is the #65 charge for nowme too. That their #65 is putting me off. 1 Like |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by shegsrules(m): 6:51am On Aug 29, 2014 |
How well would it end or is it a way of d new cbn governor making things for him |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by Jarchi(m): 6:51am On Aug 29, 2014 |
Smh |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by ernie4life(m): 6:53am On Aug 29, 2014 |
nice move by CBN, so when will the be employing? because I see vacant positions that needs to be filled |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by aboyaji(m): 6:53am On Aug 29, 2014 |
wait, op, can you repeat what you have just said? etunoman76: The Central Bank of Nigeria has begun the restructuring if the Nigerian Security Printing and Minting Plc in line with the directive of President Goodluck Jonathan.wait, op, can you repeat what you have just said? 1 Like |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by sammieguze(m): 6:55am On Aug 29, 2014 |
Well...... |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by lilprinze: 6:57am On Aug 29, 2014 |
Good move, GEJ is working, the best president that has ever ruled Nigeria,what he has achieved none of our past presidents even achieved half of what he has achieved . GEJ till 2019 6 Likes |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by Innodon(m): 6:58am On Aug 29, 2014 |
lilprinze: .caught u booking space. |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by YoursGEJ(m): 6:58am On Aug 29, 2014 |
Innodon: caught u booking space. You too take style dey book space 1 Like |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by kimond101: 6:59am On Aug 29, 2014 |
Good move 1 Like |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by YoursGEJ(m): 6:59am On Aug 29, 2014 |
Innodon: caught u booking space. By the way, they should not try to recruit people for this one as they did with immigration. Because people will |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by Cpolicy(m): 7:01am On Aug 29, 2014 |
YoursGEJ:no mind dem jare |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by KwoiZabo(m): 7:01am On Aug 29, 2014 |
Tazmode: CBN? All i can remember is the #65 charge for nowbecause you are always blind to good things. Moreso the 65 is also a good thing cos it will make banks sit up and make ATMs much more efficient. GEJ till 2019. |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by Billygee2u: 7:02am On Aug 29, 2014 |
Nigeria is constantly changing to better 1 Like |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by flowjoe: 7:04am On Aug 29, 2014 |
God punish devil , this morning I see text from gt bank I don dey happy sey my popsman don finally send me d cheeze ,only to find out say dem don deduct N8.00 for alerting services 1 Like |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by lirusehn(m): 7:05am On Aug 29, 2014 |
i do not undastand |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by segradino(m): 7:05am On Aug 29, 2014 |
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Re: CBN Begins Restructuring Of NSPMC, Retires Directors by onihaxy: 7:06am On Aug 29, 2014 |
Ok |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by NaLaugh: 7:06am On Aug 29, 2014 |
Sound Sultan: dem come again, dem come again o! ghen! ghen!.. |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by Nobody: 7:07am On Aug 29, 2014 |
“Consequently, the board has approved the appointment of Mr. Joseph Ugbo as substantive managing director/ Nepotism |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by 42ultimate(m): 7:09am On Aug 29, 2014 |
What a good and right step taken! I used to hear about this company many years back but lately, it has gone underground. Even, our ballot papers are being printed and imported into the country from South Africa . I hope they will be able to resuscitate and reposition it to meet our need even locally. |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by dhardline(m): 7:09am On Aug 29, 2014 |
Thank God |
Re: CBN Begins Restructuring Of NSPMC, Retires Directors by Bryan12(m): 7:09am On Aug 29, 2014 |
What more can I say.GEJ till 2019 1 Like |
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