NewStats: 3,264,413 , 8,183,654 topics. Date: Wednesday, 11 June 2025 at 12:12 AM 5q6s6x

The Senate on Monday uncovered how the Board of Directors of Nigerian Security Printing and Minting Company Plc allegedly paid a N14bn salary increase to all its staff without the approval of the National Salaries Wages, Incomes and Wages Commission.

The Chairman of the Senate Public s Committee, Senator Ahmed Wadada, discovered during a session in the Red Chamber in Abuja when the management of NSPMC appeared before the committee concerning the 2019 report of the Auditor-General of the Federation.

The report of the Auditor-General revealed that between 2016 and 2019, the NSPMC’s Board of Directors approved N14bn for salaries and allowances without the approval of the salaries and wages regulatory body.

Under Article 3, the NSIWC Act, 1990 stipulated that the commission shall advise the Federal Government on national income policy; recommend the proportions of income growth which should be utilised for general wage increases and inform the Federal Government of current and incipient trends in wages and propose guidelines within which increase in wages should be confined, among others

In his written submission, however, the Managing Director of NSPMC, Ahmed Halilu, claimed that the company did not need any approval from the salaries and wages regulatory body because it was ed under the Companies and Allied Matters Act.

However, the managing director later itted before the Senate Committee on Public s that it was wrong not to seek approval from the NSIWC before implementing the new salaries and allowances increase for the company.

Halilu further said, “It has come to our notice that we must obtain approval before salaries increase. It is salaries paid over three years. On this ground, it was not misappropriated considering the volume of works done by thousands of staff over this period.”

In their responses, nearly all of the committee were displeased with the illegal payment, pointing out that the public funds were spent without due process.

The Deputy Whip of the Senate, Senator Nwebonyi Onyeka, explained that government money was spent without due process, adding that the misappropriated fund should be refunded.

https://punchng.com/senate-uncovers-n13bn-illegal-salary-increase-in-minting-company/

When will this stop

wealth

People who print whatever amount of the worthless Naira they wish and use the same to mop up any available Dollar for safekeeping na him una just dey wake up to? Lol

Other corrupt individuals in government circles usually look for ways to inflate contracts to be able to siphon and loot our commonwealth. But you see the ones working here, they just print whatever they want and voilaaa...

Nigerians don't even understand how battered and murdered the country truly is...

The country is just a huge joke...

The said Ahmed Halilu is Aisha Buhari's brother.

"senate-uncovers-n13bn-illegal-salary-increase-in-minting-company".

AHMED HALILU SHOULD BE ARRESTED AND PROSECUTED AND BE MADE TO REFUND THE MISAPPROPRIATED MONEY.

We thought PDP was corrupt but APC have overtaken them,

"senate-uncovers-n13bn-illegal-salary-increase-in-minting-company".

AHMED HALILU SHOULD BE ARRESTED AND PROSECUTED AND BE MADE TO REFUND THE MISAPPROPRIATED MONEY.

THE CASE OF HIS UNAUTHORIZED PRINTING OF NEW NAIRA NOTES FOR EMEFIELE IS STILL HANGING.

No big deal.

Fact is, the bullion van druggie and certificate forger as #1 Public Servant, does not inspire Integrity and Honesty. 👋

Cool

Too much money in Nigeria.

Thief discover thief.
This is the last time you guys will hear about that money

When your father is a well known thief, what will stop you from stealing?.

...


Make I jus laugh...
Senate Uncovers? 😂
Make all of them swear with their wife breast say them no go chop that money... Ode oshi 😂

Will the uncovered money be used for good or will it enter another group pocket 😂 rubbish




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where EFCC

Take as much as you can before everything collapse is the new MOTTO of the civil servants.

Awon elebi

The way corruption has eaten deep into our country's system is very scary and worrisome.

---

No be only uncover na discover.

No one will face legal action.

And one guy was saying the masses is at fault for the inflation we're facing. If only he knows what is going on in the high places.

These bastards are just printing money for themselves
Meanwhile, what right does the Senate have to be investigating the criminality of someone else when they themselves are criminals?

criminals

AHMED LAWAN senate was a rubberstamp SCAM. he allowed to many illegal acts. that man is a disgrace

Nigeria is imploding. The politicians already know this and so they're scrambling for everything they can steal before the eventual collapse. That's the reason they're not making efforts to fix the country.

Their daft praise-singers will, unfortunately, suffer the consequences of electing useless leaders

kaysi:
When will this stop

Both the CBN under Emiefiele and Minting Corporation are brothers in Crimes.

Daily dose of heart breaking events happening in the country. 😢

It is well…