The House of Representatives, has summoned the Central Bank Governor, Godwin Emefiele and former Managing Directors of Nigeria Security Printing and Minting Plc, over alleged operation of the NSPM plc from 2012 to 2020, without a financial audit and a management board.
The this was the resolution by the house committee on Public Accounts, when the management of NSPM appeared before it.
The current MD of the agency, Mr. Abbas Masanawa, represented by the Director of Finance, Mr. Augustine Omotoso, had before the House committee investigating the expenditure profiles of over 300 ministries, departments and agencies of government.
Mr. Omotoso disclosed before the committee, that there was no financial audit of the agency, since 2012; adding that a board was yet to be constituted, since he assumed office and the Governor of the Central Bank of Nigeria, is statutorily, the Chairman of the NSMPC board.
The NSMP Plc, was jointly established in 1963 by the Federal Government and a British company and It has since printed currency notes for the expenditure of the federation.
In another development, the Public Accounts 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 the board was set up.
The Managing Director of the NCDM board, Engr. Simbi Wabote, also disclosed that there was no properly constituted board of his agency.
Mr. Wabote who assumed office on December 12, 2016, also told the House Committee that he didn’t meet any audited accounts.
He said since its establishment on April 22, 2010, its board has never met, and that there was no external audit conducted on its finances.
The Chairman of the Committee, Representative Oluwole Oke, who was not happy about the immoral revelation from these agencies, ordered a thorough vetting of the agency’s operations both financial and administrative, since 2010.