The Emir of Zazzau, Ahmed Nuhu Bamalli, has described how the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, fired him as Managing Director of Nigerian Security Minting and Printing PLC and replaced him with his in-law virtually as soon as he was installed as the top bank governor.
In an interview with Albaniy TV, the emir also claimed that the CBN governor removed all northerners serving on the organization’s board of directors after stating that he would not work with any of the members who worked with Sanusi Lamido Sanusi, the former CBN Governor who was removed by former President Goodluck Jonathan.
The Emir of Zazzau stated that he only served for 21 months until conflicts between Jonathan and Sanusi arose, crippling his work because he was not permitted to accomplish certain things.
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He said: “Two years ago, that was 2011, 2012 there was a problem and they stopped our M.D, then our board said I should take over as acting Managing Director.
“I acted for 21 months, then the issue between Jonathan and Sanusi came up at that moment, it was affecting us in the north. We were crippled and could not do some things.
“Sanusi was removed and this new governor took over. After he took over, the day he started attending the board meeting six months after Sanusi left, the day he entered, he started studying the board papers and said he wanted to bring in his own people.
“He said he did not want to work with any director that worked with Sanusi, so he retired us. According to him, it’s not because we did anything wrong.”
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Bamalli further said that Emefiele quickly retired them and paid their gratuity and all other entitlements to hurry their departure.
“Then they say his in-law should take over from me as substantive Managing Director. At that moment surprisingly, what we went through in the process of examination at NTBU was, to become an executive director, you have to first be a managing director.
“This one that they brought in is a divisional manager at Dangote at Calabar but was sacked, from what we gathered. Then he took over from us,” he revealed.
Although the emir did not reveal the identity of the individual nominated by Emefiele, Joseph Ugboh was the company’s MD until September 2018, when President Muhamadu Buhari appointed Abbas Madanawa as the new MD.
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The Emir is a lawyer, businessman, and diplomat. He was the 19th Emir of Zazzau and the former Nigerian ambassador to Thailand with concurrent accreditation to Myanmar.
Bamalli was named in October 2020 to succeed Shehu Idris, who died in September after a 45-year reign.
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