APPOINTMENT OF NEW EXECUTIVE DIRECTORS

The Board of Directors of the Nigerian Security Printing and Minting Plc has approved a new Corporate Structure for the Company.

Consequently, four (4) new Executive Director positions have been created.  These Executive Directors are to help strengthen the Management of the Company especially now that the company has stabilized and its balance sheet size has grown bigger.

EXECUTIVE DIRECTOR (FINANCE & STRATEGY/ CHIEF FINANCIAL OFFICER)
Mallam Ibrahim Madugu Babayo was – until his appointment as the Executive Director – Finance and strategy/Chief Financial Officer effective 1st January 2011 - General Manager – Finance.

He joined the services of the company in September, 2005 as the General Manager Finance. Mallam Babayo is a senior – level executive with cross industry experience in banking and finance, consulting and manufacturing. The experience is in operations, risk management, business development, strategic planning, ICT, treasury management and organizational transformation.

Mr. Babayo is a proven leader who shapes strategy and leverages technology to cost effectively strengthen corporate performance.

He is a creative problem solver who excels at balancing business, technical requirements and stakeholder management to deliver optimal profitable results.
He is recognized for building cohesive teams, establishing accountability and transparency and leading by example.

He is an excellent communicator with top notch skills in negotiation, customer relations and stakeholder management. He partners strategic vision with bottom-line focus to optimize competitive advantage in challenging environments.

Mallam Babayo is a fellow Chartered Accountant and holds a Bsc in Accountancy and an MBA in Finance. He attended several management courses both in Nigeria and overseas. He is an alumnus of Harvard Business School, Kellogg School of management both in USA, University of Lagos and University of Maiduguri.

As Chief Financial Officer (CFO), He is responsible for pursuing shareholder value, linking performance measure with the overall corporate strategy, encouraging efficiency improvements across functions amongst other responsibilities.

Mallam Babayo is married with children.

EXECUTIVE DIRECTOR (OPERATIONS)
Mr. Desmond I. Isibor, formerly General Manager, Abuja and Lagos factories of the company has been appointed to the position of Executive Director (Operations) effective 1st January, 2011.

He is a 1981 Microbiology graduate of the University of Ilorin.  Also an alumnus of the Harvard Business School, IMD International, Switzerland, Lagos Business School, Witz Business School and the Nigerian Institute for Policy and Strategic Studies (NIPSS), Desmond has vast experience at Senior and Executive Management levels spanning over twenty-five years in three multi-national manufacturing companies – Guinness Nigeria Plc, Coca-Cola Hellenic Company, CFAO, Nigeria as well as Chieftain Wineries Limited.

In all his corporate assignments, Desmond headed Manufacturing Operations, Production Development (Training), Projects, Quality Assurance, Sales and Marketing.
           
An avid reader, communicator and optimist, Mr. Isibor is a specialist in Manufacturing Turn-Around, Organizational Transformation and Change Management.  He has in his past employments recorded a streak of landmark successes winning local and international laurels and revamping to profitability moribund manufacturing facilities. These feat attracted wide media attention.

Mr. Desmond I. Isibor is a member of the initial Executive Team of five head-hunted by the CBN through Accenture Consulting in 2005 from the organized private sector to turn around the hitherto under-performing NSPM plc. In NSPM, Desmond has contributed immensely to the meteoric volume and profit growth which the company now enjoys.  Some innovative design features of the four lowest denominations of the  Nigerian banknotes family especially the celebration of a female national icon (Lady Ladi Kwali, OBE on the N20) for the first time and inclusion of the visually impaired persons (VIP) features on the banknotes were Mr. Isibor’s brain-child.

As Executive Director (Operations), Desmond will bring his rich knowledge, experience and private sector-honed skills in organizational and manufacturing best practices to bear on the job as he assumes full responsibility for the manufacturing operations of the company.

Desmond is married and blessed with lovely and brilliant children.

EXECUTIVE DIRECTOR (TECHNICAL SERVICES)
Engr. Mohammed Gambo Umar was born to the family of the late Turakin Bauchi, Alhaji Umar Bauchi, in Bauchi town of Bauchi State.

He attended Government College, Maiduguri and the School of Basic Studies, SBS/ABU, Zaria.  He then went abroad and obtained a Bachelor’s degree in Industrial/Systems Engineering (with a bias in Robotics and CAD/CAM-Computer-Aided Design and Computer-Aided Manufacturing) from Kansas State University, Manhattan, Kansas, U.S.A.  He also obtained a Masters in Business Administration, MBA degree with specialization in Banking and Finance from Morgan State University, Baltimore, Maryland, U.S.A.

He was privileged to attend the prestigious National Institute for Policy and Strategic Studies, NIPSS, Kuru, where he was the Monitor-General of his course.

His work experience is vast and varied, and spans development banking, property development and investment management, manufacturing/production management, insurance and airport/concessions management.  He is a seasoned boardroom player, having served as a Chairman, Director or Governing Council member in twenty two companies, organizations and institutions.

He served for two terms as the National President of the Alumni Association of the National Institute for Policy and Strategic Studies, AANI.  His last duty post was as the Managing Director/Chief Executive Officer of the Federal Airports Authority of Nigeria, FAAN, with a mandate to supervise 22 airports in Nigeria.

Before his appointment, he was the Principal Partner of Millennium Engineering Consultants, MEC, based in Abuja.

Engr. Umar is a Member of the National Institute, mni
            Member, COREN
            Member, American Institute of Industrial Engineers (MAIIE)
            Fellow Nigerian Society of Engineers – FNSE
            Fellow Nigerian Institute of Management (Chartered) – FNIM
            Fellow Institute of Management Consultants – FIMC

EXECUTIVE DIRECTOR (CORPORATE SERVICES)
Ahmed Nuhu Bamalli was born on the 8th of June 1966.  Educated at Ahmadu Bello University Zaria 1986-89 where he obtained his first degree in Law and Masters degree in International Affairs and Diplomacy.  He also obtained a post graduate diploma in Management from ESUT Buisness School in 1998.

An alumnus of Harvard Business School, Ahmed was also a Chevening Scholar at the University of York UK where he is a Senior Fellow.

He has wealth of experience in the financial sector.  He was a foundation member at the First Securities Discount House Ltd.  He joined FSB International Bank Plc in 1999 and rose to the position of Senior Manager and Head Public Sector Northern States.  Ahmed had a stint in the Civil Service.  He was appointed Assistant Director at Abuja Metropolitan Management Agency (AMMA) under the el Rufai administration in 2006.

Prior to this appointment Ahmed was the GM Human Resources in Nigeria Mobile Telecommunications Co (MTEL).  He was on the boards of Shield Petroleum Ltd, Rydern Oil & Gas Ltd, Laurman Nig. Ltd.

He briefly held the position Director of Business Development of Ahmed Zakari & Co. (Chartered Accountants).

Mr. Bamalli is occupying the princely title of Magajin Garin Zazzau.  He is married with five children.

FORMAL INTRODUCTION AND INAUGURATION OF NEW JOINT CONSULTATTIVE COMMITTEE (JCC) PRINCIPAL OFFICERS

Following the successful conduction of JCC election and subsequent inauguration of the newly elected JCC members, this is to formally introduce the principal officers.

They are:-

1.         Josephine Obafemi              -           President
2.         Ebizimoh Okolo                     -           Secretary

Other elected members are:-

•      Humphrey Nwokolo               -           Lagos Office
•      Taiwo D. Adelakun                -                “        “
•      Jelili A. Aremu                         -                “        “
•      Suleiman Ahmed                   -                “        “
•      Adejumo Olayiwola                -                “         “
•      Hannatu O. Eromobor           -           Abuja Office

Management looks forward to a harmonious working relationship with the JCC.