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N2.1 Billion Worth of Newly Printed N1,000 Notes Missing at the Nigerian Minting Company



It is being reported that a whooping N2.1 billion of newly printed N1,000 notes has mysteriously gone missing from the Nigeria Security Printing and Minting Company (NSPMC).

According to Leadership, members of the board of NSPMC met yesterday at a meeting chaired by the Central Bank of Nigeria (CBN) governor, Sanusi Lamido Sanusi, over the scandal rocking the establishment. At the meeting, they 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.

Leadership further reported that the Chief Executive of the Mint Company Ehi Okomoyon, was asked to proceed on indefinite leave and an acting managing director, Ahmed Bamali, was appointed to head the Mint company. The suspension of Okoyomon as managing director is to last until all investigations have been concluded.

Also, the head of security at the NSPMC, Emmanuel Bala, has also been asked to go on compulsory leave by the board of directors of the company.

At the meeting, the board faulted the suspended MD for failing to disclose to it that such amounts of money had gone missing. The audit team had however, established that the theft of printed bank notes could be traced to security lapses and security personnel who take custody of newly printed bank notes, and when there were shortages, they were never reprimanded.

It won’t be out of place to say that Nigerians are simply tired of hearing such news of theft and corruption by people who are supposed to be custodians of the nation’s resources. We only hope that tangible results are gotten from the audit and suspension of the principal officers. N2.1 billion cannot just disappear into thin air.

Adeola Adeyemo is a graduate of Industrial Relations and Personnel Management from University of Lagos. However, her passion is writing and she worked as a reporter with NEXT Newspaper. She believes that anything can be written about; anything can be a story depending on the angle it is seen from and the writer's imagination. When she is not writing news or feature articles, she slips into her fantasies and creates interesting fiction pieces. She blogs at


  1. Nkem

    December 7, 2012 at 2:06 pm

    Nigeria is just a joke of a country. Where else does this kind of rubbish happen? Tufiakwa!

  2. Nomy

    December 7, 2012 at 2:20 pm

    Can you just Imagine? Simply pitiful! While the rest of work and save our pennies, some rogues simply steal 2.1 billion and try to waltz away?

  3. Idak

    December 7, 2012 at 2:26 pm


    very funny comedy, wish it was not real.
    The joke called naija!!!

    • i no send

      December 7, 2012 at 7:11 pm

      sad isn’t it

  4. ama

    December 7, 2012 at 2:27 pm

    Hmmm.,new private jets are about to be bought.

  5. bubblybliss

    December 7, 2012 at 2:32 pm

    Na wa oh! Nobody deals in millions in this country again. Na billions and trillions dey miss for government hand. God is watching ALL of you. #GodsaveNigeria.

  6. DiePretty

    December 7, 2012 at 2:33 pm

    He he naija, when will all these end! Corruption is deeply entrenched in every sector. No system of checks and balances. 2.1 billion could not have gone missing in a day. It was definitely gradual, and it is a syndicate operation,which explains why no alarms were raised..God help us, let not this great nation come to ruins!

    • henrywilson

      December 9, 2012 at 2:28 pm

      This country proves daily that it has failed in all its duty to it citizens and other countries it does business with.

  7. Bleed blue

    December 7, 2012 at 2:33 pm

    When will our leaders stop shafting us like this? It’s become bloomin’ ludicrous! Missing indeed!

  8. Behind the Heart fan

    December 7, 2012 at 2:38 pm

    that your last paragraph os soo true jare!

  9. FAB

    December 7, 2012 at 2:38 pm

    What a lovely super story!!

  10. alicia

    December 7, 2012 at 2:48 pm

    watch out for part 2. dis will be an interesting seasonal film

  11. Ossy

    December 7, 2012 at 2:49 pm

    the money suddenly grew wings and flew away…i love my country

  12. anon

    December 7, 2012 at 2:53 pm

    Kai see magic

  13. Som-t

    December 7, 2012 at 2:53 pm

    Feel sad for ds country ,where on earth does this happen…..jeeeezzz

  14. Wale

    December 7, 2012 at 2:54 pm

    Na Wa O! When we hear the bad news, which is now daily, we tell ourselves it can’t get worse, then it gets worse. What kind of people run this country? How can such a huge amount of money just disappear. I can bet anyone that wuru wuru investigation will be done…they share their cuts, the employees placed on leave will go abroad and that is the end of it. A bah! Nigeria, Na real WA!
    The same country were a tailor is “dashed” highly profitable oil concessions that belongs to the Nigerian public and she is making $154M per day and becomes a billionaire overnight. That country is really messed up. I wonder how much the person who dashed her is worth themselves. Hmmm!!! I firmly believe Gates, Buffett, Slim and even Dangote are not the wealthiest people in the world…there are some fantastically rich corrupt Africans far much richer who will be very embarrased to reveal their true net worth. I am sure this woman would not have wanted the type of publicity she got yesterday. Well knowing Nigerians, maybe she instigated the whole thing…they steal…then they do yanga.

  15. Mow

    December 7, 2012 at 3:20 pm

    I bet its the evil spirits Zainab Kuchi spoke about are responsible.

    • Mow

      December 7, 2012 at 3:22 pm

      I bet the evil spirits Zainab Kuchi spoke about are responsible*

  16. Jiddah

    December 7, 2012 at 3:47 pm

    So now we should rant and rant about it while the money evaporates……


  17. barth Nnaji jnr

    December 7, 2012 at 4:21 pm

    please send sanusi and his team to jail on time jonathan or else your head will roll for there actions and inactions

  18. rahila

    December 7, 2012 at 4:49 pm

    There. Is no punishment for crime in naija…..haaaaaaaa

  19. hauwa

    December 7, 2012 at 4:56 pm

    this money is gone jor. shikena. No committee or panel can retrieve it. i love my country!!!!! Criminals!

  20. Goodnessme!

    December 7, 2012 at 5:24 pm

    I wonder who’s Pockets that has lined.. Nigeria i just shake my head for you.

  21. Camron

    December 7, 2012 at 5:53 pm

    hahahahahahahahah funny story. cant help but laugh cos its really funny. places like that should have the best security measures.

  22. charles

    December 7, 2012 at 6:18 pm

    Hmmm,nawooo 9ja so in such organization no security camera or security door which only two persons can access. May be at the end of the day their will be no trace for that money. All ears please 9ja

  23. T Baba aka On My Way to Gidi for Holidays

    December 7, 2012 at 6:26 pm

    Maybe this person after flipping the money will be celebrated in 10 years as the richest black person in the WORLD… O_o

  24. Wendy

    December 7, 2012 at 6:29 pm

    Ngeria’s problem is not leadership it’s follower-ship. All we do is make closet noises and the thieves keep on plundering our wealth. We will revolt when we as a nation are ready, but for now we just make noise that fall on deaf ears. Govt carry go jareee

    • Ides of March

      December 7, 2012 at 8:19 pm

      Thank you for your comments. When we stop shaking our heads at there shenanigans and start taking decisive actions as a people 160 million strong, then this nonsense will stop! The sooner we get there the better it would be for us all.

  25. Gbemmy

    December 7, 2012 at 6:29 pm

    God is watching everyone , how can they try to push it to security personnels ..when u can’t just pocket 1 billion , am so sure they know how the money went…this is all we would hear of this story …Nigeria I hail thee…

  26. charles

    December 7, 2012 at 6:31 pm

    I think this country need revolution

  27. joel

    December 7, 2012 at 7:19 pm

    what an intereting story?

  28. Itohan

    December 7, 2012 at 7:41 pm

    Like other investigations before – nothing will happen! People will blow grammar on print and verbal, EFCC might prosecute or whatever, but nothing will happen! The crime has been committed but no one will be convicted! That is the story of Nigeria. And it happens in every sector, every minister. We are 200 million mumus – Lagbaja carry go.

  29. Igbe

    December 7, 2012 at 7:48 pm

    How the hell does 2.1 billion in notes go missing? why those thieving, idiotic, demonic, no good lowlives, shameless scoundrels ought to be beheaded. What rubbishhhhhhh

  30. ola

    December 7, 2012 at 8:11 pm


  31. Naijagovtnajoke

    December 7, 2012 at 9:39 pm

    How the f#@k does 2.1 billion just disappear, that money would have been enough to feed and build houses for the flood victims if it is distributed properly. It’s only God that will punish these people. They don’t even deserve to be called people sef they are all animals, these are the ones that should be burned to death by that cursed community called aluu instead of those innocent boys.

  32. Sarah Adebayoh

    December 7, 2012 at 10:27 pm

    This can’t be true!!!! Jesus!!! what is going on in my grandparents country!!! this is a shame, and big scandal …for all people with Nigerian blood running inside them…echewwww

  33. Udo Obot

    December 8, 2012 at 6:53 am

    Every loot from corruption is said to be “dividend of democracy” as practiced in Nigeria. This is their own devidend of democracy. It is eating fast into the very fabric of our national security.

  34. faith

    December 8, 2012 at 7:52 am

    Am here struggling n hustling to make money n some1 is just printing money for himself…naija!!!

  35. Glam

    December 8, 2012 at 10:55 am

    They want to tell us another story again…

  36. collins

    December 8, 2012 at 11:51 am

    if i have the opportunity i ll still more than N2.1b

  37. e-bukun

    December 8, 2012 at 2:04 pm

    This culture of impunity in Nigeria will be the nation’s undoing

  38. MEE

    December 8, 2012 at 3:01 pm

    Hmmmmmmmm how exactly wud dis all end? Wuld God strike every corrupt person dead soon or what? Cos i cant understand dis anymore! Everyday one anoyin story or d’oda! 16billion for Vps house,17 billion for 10million flood victims, how did any sane human being sef came up wit d’idea of buildin a house dt xpensive for a public office holder? How do dis people sleep @ nite? Can someone pls juistify my goin to work evryday? Cos i mait as well bcome a Robber n’shoot dis thieves n’collect d’money they are stealing.

  39. favour

    December 8, 2012 at 11:32 pm

    Gosh! Wat a shame,nig is stil a babe need 2 grow.

  40. baba lawo

    December 9, 2012 at 8:37 am

    Why are folks surprised? Just another case study in ‘nation building’. Great Nigeria. We hail thee.

  41. Julianah

    December 9, 2012 at 8:41 am

    And ℓ̊ am ashamed to be called ά̲̣̥ Nigerian. Where else does something like this happen? Nigeria is totally bedeviled with corruption.

  42. ruth

    December 10, 2012 at 12:52 pm

    nigerians @ it again.hw cn sucha huge sum of money vanish?

  43. jyde

    December 10, 2012 at 2:45 pm

    See am wid ehn bow tie an glasses like village headmaster.
    Ok now we don hear. Are you sure say na only 2bill?
    Dis man sef u try.look us wid open eye talk am make we hear.Oyinbo dey laugh us like say na lie e no fit dey possible.Sad but so true,it is true and worse.
    Like say u no dey inside
    Tomorrow we go see eyin big shot dey fly space shuttle no be jus jet.
    Nigeria we hail thee.Make man close mouth jare.E pass me sef.

  44. OA

    December 11, 2012 at 10:56 am

    Less than 30 Ghana must go. Let’s have a full story. Need a private investigator? Call me up. This is not a one day movement, it’s a gradual buildup.

  45. brownie

    December 12, 2012 at 1:19 am

    ……thank God say we nor allow d man print 5k note,d money for pass dis amount. After d money disappear,Vp pikin do wedding, share laptop,ipad etc as gift,president bury him broda,kidnappers dey demand 1 billion…..dem wan confuse us.God go punish dem one by one…

  46. Adeola Onafuwa

    January 15, 2013 at 11:54 pm

    The problems in Nigeria seem to have been overtaken by the fearless corruption of OUR leaders & this is only fueled because today’s youth choose to be politically ignorant and inactive towards arresting the situation in which we’re in. How can a government boldly come out to declare it intends on ‘spending’ over 60 billion naira on cellphones for farmers; it is evident that this is a bogus sum & part of another scheme by those at the helm of political power (the same people that swore to serve & protect the interest of the commoner) to squander our already depleting resource(s). Nigeria is decaying and it’s youths are doing absolutely nothing about it. We have allowed ourselves to be distracted by socio-economic indulgences and a lifestyle that is not coherent with our status. Let’s be honest with ourselves, we are a struggling nation both economically and politically; political ‘optimists’ may choose to argue differently but the truth is glaring for all to see. The crimes of our government are numerous and it hurts to watch these selfish, ignorant and power-drunk individuals collectively jeopardize the future of an entire nation. What would it take for the Nigerian youth to realize that things are not meant to be the way they currently are and that positive changes are highly urgent, essential and achievable? Violence is never the answer because it isn’t self sustaining, however, what we need to do as Nigerians is empower ourselves with knowledge! Know what and who we are up against and how best to tackle it without harming ourselves. We are up against physical, mental, socio-economic oppression by the ‘older’ generation who seem to be comfortable with this lifestyle of corruption. They have become so comfortable that there is now a total disregard of the the opinion and cries of the commoner against their excessive corrupt practices. Elections are rigged without fear, money goes missing from the CBN without a follow up investigation, our resources are being squandered by multi-national corporations and there isn’t a single regulatory body to ensure that these “billionaire demons” are held accountable for the improper ways in which they treat OUR land. Nigeria is our home, it is more than just a country, it is a feeling that is groomed by our mental state. It is high time the Nigerian youth begin to speak up against the mishaps in OUR home, WE have a duty to protect OUR land from the bad eggs amongst us. The national pledge and national anthem should mean something & not just be recited for the sake of it. We the youth of nigeria need to empower ourselves with knowledge, become politically aware and responsive to the internal threat(s) we face, threats that are fast becoming fatal. No jobs, lack of proper infrastructure, absent security, bad healthcare system, laughable international reputation, religious and ethnic conflict fueled by greed, selfishness and ignorance…yet we pride ourselves as being the giant of Africa, we pride ourselves as belonging to a nation “omo Naija”, we expect other nations to respect us and treat us with love, sincerity and seriousness while we breed hate, deceit and mediocrity in OUR home. We are oppourtuned to live in an era where information is easily spread and accessed, information is key to the sustainence of any modern society. Let us take the battle to these corrupt & misinformed oppressors, let us empower ourselves by uniting for one cause – the improvement of OUR home. No one else will do it for us, no one. We have a common plight, every one of us, even those who claim not to be directly affected because of whatever reason(s) or excuse(s). We number in millions that study in foreign academic institutions, let us do something that we will be proud of and the future generation would benefit positively from. Spread the information on every social media, we can influence the affairs of OUR home without having to be violent. We have the opportunity to help our brothers & sisters back home who cannot afford to help themselves out of this predicament. let us be their voice to the outside world, we will roar and shake the very foundations of aso rock! We will let these oppressors know that every single Nigerian worldwide is fully aware of their actions and we are prepared to do something about it! There is no leader without followers! We have a choice not to be oppressed! We have the right to take that choice and take power from these wolves who are inflicting pain, discomfort, confusion & death upon us! We are the future of Nigeria & we decide when that future is & we say the future is NOW!

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