L
LequteMan
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Following the directive of President Goodluck Jonathan, the Central Bank of Nigeria has approved the dissolution of the executive management of the Nigerian Security Printing and Minting Plc in a bid to restructure the company.
A statement signed by the company Secretary/Legal Adviser, Lawal Adamu on Thursday in Abuja says "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 Alh Abbas Masanawa as executive director in charge of finance and strategy of the company.”
The changes, it added, are in line with the new strategic direction of the company aimed at repositioning it as an efficient and profit oriented company that would serve not only the banknotes and security printing needs of the company, but those of the West African sub-region.
A statement signed by the company Secretary/Legal Adviser, Lawal Adamu on Thursday in Abuja says "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 Alh Abbas Masanawa as executive director in charge of finance and strategy of the company.”
The changes, it added, are in line with the new strategic direction of the company aimed at repositioning it as an efficient and profit oriented company that would serve not only the banknotes and security printing needs of the company, but those of the West African sub-region.
