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Saturday 8 December 2012

COUNTRY OF THE BIZZARRE: N2.1billion missing from Nigeria’s mint


The board of directors of the Nigeria Security Printing and Minting Company (NSPMC) met yesterday over the scandal that rocked the establishment where it was revealed that a whopping N2.1 billion of newly printed N1, 000 notes have mysteriously gone missing.
The board meeting, chaired by the Central Bank of Nigeria (CBN) governor, Sanusi Lamido Sanusi, decided to expand the investigation and audit the production of other currency denominations to ascertain the quantity of money that has actually gone missing over the years.
It is obvious that then money missing is in excess of N2.1 billion but we would have to wait.

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