President Muhammadu Buhari has approved the appointment of Ahmed Halilu as the Managing Director of Nigerian Security Printing and Minting Company, NSPMC Plc, DAILY NIGERIAN reports.

Halilu, an elder brother of First Lady Aisha Buhari, is heading the company in an acting capacity following the resignation of Abbas Masanawa on May 16.

In addition to printing the banknotes and the postal orders of Nigeria, the Nigerian Security Printing and Minting Plc also prints some electoral materials for the Independent National Electoral Commission (INEC).

The company, also referred to as The MINT, was established in 1963 by the Nigerian government in partnership with De La Rue of the UK and is under the Central Bank of Nigeria.

It began full operation in 1965, producing currency notes and coins for the CBN as well as a wide range of security documents for the government, commercial banks, and blue-chip companies, among others.

It was learned that the President approved the appointment after the recommendation of the governor of the Central Bank Godwin Emefiele, who serves as the NSPMC board chairman.

Halilu has over 23 years of experience in the Banking industry having worked with African International Bank Limited, AIB, and Zenith Bank Plc.

He was a participant in Senior Executive Course 39, 2017 of the National Institute for Policy & Strategic Studies in Kuru, Jos.

Halilu holds a Bachelor’s degree in Agriculture B. (Agric), a master’s degree in Business Administration as well a master’s degree in International Affairs & Diplomacy all from Ahmadu Bello University Zaria.

He is also a member of the Nigerian Institute of Management, NIM.