The Central Bank of Nigeria (CBN) on Wednesday sacked the top management team of the Nigerian Security Printing and Minting Plc, (NSPM) and appointed Abubakar Sule Minjibr as the acting Managing Director.

The development is contained in an internal memo “House Notice No. 2083 – Executive Management Changes” signed by Soji Ogungbesan, General Manager of Corporate Services at the company.

Minjibr replaces Ahmed Halilu, the company’s former MD& CEO who was widely reported as an elder brother to Aisha Buhari, wife of the former President,
Muhammad Buhari, and was appointed by him in 2022.

Also appointed as part of the new interim executive management are Mohammed Mustapha (GM, finance and strategy) and Adesoji Ogungbesan (GM, Corporate Services).

1. The memo dated 10th July 2024 partly read: “The board has announced the immediate dissolution of the present executive management team of the NSPM, and has approved the immediate constitution of an interim executive management team, as follows: Mr Abubaka Sule Minjibir Ag, Managing Director; Mr Muhammed Mustapha  Gm, Finance and Strategy; Mr.Adesoju Ogungbesan Gm, Corporate Service.”