Abbas Masanawa, the chief executive officer of Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, NIRSAL, has been sacked.
According to a report by THE WITNESS, the removal of Masanawa may not be unconnected with his alleged role in the ongoing corruption probe of suspended CBN chief, Godwin Emefiele.
The paper gathered that Masanawa is currently in the custody of the Department of State Services (DSS) facing interrogations over his role in the Emefiele’s alleged loot.
Mr Masanawa was arrested four weeks ago on his return to Nigeria from Hajj; and has remained there while their investigation continued.
Mr Masanawa’s arrest stemmed from his role as the managing director of Nigerian Security Printing and Minting Company (NSPMC). He resigned from NSPMC in 2022.
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.
Mr Emefiele was fired as CBN governor on June 9 and was arrested the next day by the DSS.
Dr. Peter Afunanya, spokesperson for the DSS, in his reaction to the development simply said in a message to THE WITNESS on Friday that ‘No comments’.
Mr Masanawa served as special adviser to Mr Emefiele and steadily moved up the rung to become the executive director at the NSPMC.
Recall, that the Federal Government will on August 23, 2023 arraign Emefiele and his associates for an alleged N6.9 billion procurement fraud at the Federal Capital Territory High Court, Maitama, Abuja.
Emefiele will be arraigned alongside a female CBN employee, Sa’adatu Yaro and her company, April1616 Investment Limited on 20 charges of procurement fraud, conspiracy and conferring corrupt advantages on his associates.
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