• About
  • Advertise
  • Contact
Saturday, May 10, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Crime

DSS Arrests Masanawa, NIRSAL MD For Conspiring With Emefiele To Loot Security Printing Coy

Vital News by Vital News
August 18, 2023
in Crime
0
DSS Arrests Masanawa, NIRSAL MD For Conspiring With Emefiele To Loot Security Printing Coy
Share on FacebookShare on Twitter

 

The Chief Executive officer of Nigeria Incentive-Based Risk Sharing System for Agricultural Lending ( NIRSAL), Abbas Umar Masanawa, has been arrested by the Department of State Security (DSS) for conspiring with the suspended CBN governor, Godwin Emefiele to loot the Nigeria Security Printing and Minting Corporation.

Sources said Masanawa was taken into custody three weeks ago and has remained there while investigation continued.

It was not immediately clear whether or not he has hired lawyers to represent him in the case.

A spokesman for NIRSAL did not immediately return a request for comments.

RelatedStories

Police Arrest Ekiti Female University Student For Faking Kidnap To Spend Night With Boyfriend

NDLEA Seizes N3.4billion Worth Of Opioids In Lagos, Port Harcourt

NDLEA Recovers Illicit Drugs Worth N1.042billion From Lagos Hotel

NDLEA Uncovers 500grams Of Cocaine Concealed Inside Religious Books Going To Saudi Arabia

Masanawa’s arrest stemmed from his role as the managing director of Nigerian Security Printing and Minting Company (NSPMC).

He resigned from NSPMC after Peoples Gazette reported that he was seeking a governorship election as a member of the ruling All Progressives Congress while still in office as the nation’s printing and minting boss.

The NSPMC is a subsidiary of the Central Bank of Nigeria (CBN) responsible for printing and minting the nation’s currency notes, coins and high-level security documents.

“He was conspiring with Godwin Emefiele to loot the printing and minting agency,” a source familiar with the arrest said.

“We are still tracing billions they stole.”

It was not immediately clear why President Bola Tinubu approved the detention of Mr Masanawa without first suspending him from office, especially since his detention for the past three weeks has crippled NIRSAL’s ability to operate.

A presidential spokesman declined comments. Mr Emefiele was fired as CBN governor on June 9 and was arrested the next day by the SSS, which has kept him in custody ever since, in defiance of federal court orders.

A spokesperson for the SSS declined to speak on Mr Masanawa’s detention, which stood at 22 days as of Friday morning.

“No comment,” Peter Afunaya said in a message to The Gazette Friday morning.

Masanawa’s arrest came Mr Tinubu appointed an anti-graft expert, Jim Obazee, to uncover fraud at the CBN and other federal agencies.

The Obazee-led team is said to have initiated a probe into all relevant agencies that are said to have connived with the CBN and its sprawling parastatals.

A former deputy general manager at Zenith Bank, Masanawa served as special adviser to Mr Emefiele and steadily moved up the rung to become the executive director at the NSPMC.

Former President Muhammadu Buhari appointed him as the organisation’s managing director in September 2018.

In May 2022, Mr Mansanawa declared his intention to contest the governorship election in Katsina without stepping down from office.

He promptly resigned from his position following The Gazette’s story on his misconduct.

After he failed to clinch the ticket, Mr Emefiele appointed him as the new head of NIRSAL, following the removal of the agency’s former boss Aliyu Abdulhameed amid corruption allegations. Mr Abdulhameed denied wrongdoing. (vitalnewsngr.com)

Tags: DSSmintingprintingSecurity
Previous Post

168 Police Inspectors, 153 ASPs Decorated With New Ranks In Kogi

Next Post

Abiodun Congratulates Edun, Tijani, Salako On Appointment As Ministers, Lauds Tinubu

Vital News

Vital News

RelatedStories

Police Arrest Ekiti Female University Student For Faking Kidnap To Spend Night With Boyfriend
Crime

Police Arrest Ekiti Female University Student For Faking Kidnap To Spend Night With Boyfriend

May 7, 2025
NDLEA Seizes N3.4billion Worth Of Opioids In Lagos, Port Harcourt
Crime

NDLEA Seizes N3.4billion Worth Of Opioids In Lagos, Port Harcourt

May 5, 2025
NDLEA Recovers Illicit Drugs Worth N1.042billion From Lagos Hotel
Crime

NDLEA Recovers Illicit Drugs Worth N1.042billion From Lagos Hotel

April 27, 2025
NDLEA Uncovers 500grams Of Cocaine Concealed Inside Religious Books Going To Saudi Arabia
Crime

NDLEA Uncovers 500grams Of Cocaine Concealed Inside Religious Books Going To Saudi Arabia

April 20, 2025
Benjamin Nnayereugo, Key Suspect In Murder Of Female University Student Extradited From Qatar By Police
Crime

Benjamin Nnayereugo, Key Suspect In Murder Of Female University Student Extradited From Qatar By Police

April 19, 2025
Next Post
Tinubu To Swear In New Ministers Monday, August  21

Abiodun Congratulates Edun, Tijani, Salako On Appointment As Ministers, Lauds Tinubu

Abiodun Celebrates Oba Otudeko At 80, Says He Represents The Nigerian Entrepreneurial Spirit

Abiodun Celebrates Oba Otudeko At 80, Says He Represents The Nigerian Entrepreneurial Spirit

Guber Poll : Appeal Court Affirms Ododo As Kogi APC Candidate, Dismisses Appeals Filed By Adeyemi, Achimugu 

Guber Poll : Appeal Court Affirms Ododo As Kogi APC Candidate, Dismisses Appeals Filed By Adeyemi, Achimugu 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

LATE WADA MAIDA : 74TH POSTHUMOUS BIRTHDAY – by Lawal Sale

LATE WADA MAIDA : 74TH POSTHUMOUS BIRTHDAY – by Lawal Sale

1 year ago
El-Rufai Imposes 24-hour Curfew On Kaduna Community Over Violence

El-Rufai Imposes 24-hour Curfew On Kaduna Community Over Violence

2 years ago
NFF Expels 3SC FC From  Federation Cup

NPFL Fines 3SC N5mln, Orders Closure Of Lekan Salami Stadium Over Fans Unruly Behaviour

4 weeks ago
Nigerians Urged To Be More Committed To Protection, Sustainability Of Environment

Nigerians Urged To Be More Committed To Protection, Sustainability Of Environment

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death drugs Economy EFCC Election elections FG Fraud gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power rescue road Security Senate students Tinubu US
No Result
View All Result

Highlights

Adamu Ailero, Two Other Kebbi PDP Senators Defect To APC

Kogi Police Command Organises Conference On Operational Capacity, Mental Health, Financial wellness For Officers

Kogi Judicial Service Commission Sends Judge On Compulsory Retirement For Corruption, Suspend Magistrate For Two Years

TMV Hails NELFUND’s Disbursement Of N53bln, Says Nigerian Students Have Cause To Celebrate

President Tinubu Appoints MDs, Chairmen For Regional Development Commissions

Hajj 2025 : NAHCON Commences Airlifting Of 40,671 Pilgrims To Mecca

Trending

Abiodun Inaugurates Nigeria’s First Rapid Diagnostic Test Production Facility In Ogun
Health

Abiodun Inaugurates Nigeria’s First Rapid Diagnostic Test Production Facility In Ogun

by Vital News
May 9, 2025
0

Governor Dapo Abiodun,of Ogun State on Friday inaugurated Nigeria's first large-scale rapid diagnostic test (IVD) production facility...

Hajj 2025 : CBN Approves Cash-based BTA For Pilgrims To Ease Travel Demands

Hajj 2025 : Disagreement Between NAHCON, Saudi Arabia Stalls Flight Of 40,671 Pilgrims To Mecca

May 9, 2025
CESVO Confers Ethics And Integrity Ambassador Award On Ododo’s Spokesman, Ismaila Isah

CESVO Confers Ethics And Integrity Ambassador Award On Ododo’s Spokesman, Ismaila Isah

May 9, 2025
Gov. Radda, APC Chairman Present As Three PDP House Of Reps Members Defect To APC

Adamu Ailero, Two Other Kebbi PDP Senators Defect To APC

May 9, 2025
Kogi Police Command Organises Conference On Operational Capacity, Mental Health, Financial wellness For Officers

Kogi Police Command Organises Conference On Operational Capacity, Mental Health, Financial wellness For Officers

May 9, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Abiodun Inaugurates Nigeria’s First Rapid Diagnostic Test Production Facility In Ogun May 9, 2025
  • Hajj 2025 : Disagreement Between NAHCON, Saudi Arabia Stalls Flight Of 40,671 Pilgrims To Mecca May 9, 2025
  • CESVO Confers Ethics And Integrity Ambassador Award On Ododo’s Spokesman, Ismaila Isah May 9, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In