In his presentation, he confessed that there was no financial audit of the agency since 2012, adding that a board was yet to be in place since he assumed office. The CBN governor, is statutory, the chairman of the NSMPC board. The NSMPC was jointly established in 1963 by the Federal Government and a British company. The privatisation of the Mint by ex-President Olusegun Obasanjo in February 2002 was controversial, and its Managing Director, Sambo Dasuki, resigned in protest. Its Managing Director, Simbi Wabote, also confessed to the panel that there was no properly constituted board for his agency.

Source: The Guardian March 19, 2020 03:33 UTC