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The Federal Government of Nigeria owns majority shares in the Nigerian Security Printing and Minting PLC as reflected in the following ownership structure of the company.

Central Bank of Nigeria 88.73%


Bureau of Public Enterprise 10.33%


De La Rue of U.K. 0.94%


MANAGEMENT AND ORGANISATIONThe Board of Directors is responsible for the company’s strategic policy decisions, while a highly experienced crop of five Management team (One MD/CE and four Executive Directors) run its day to day affairs. These are:

Board of Directors

Mr Godwin I. Emefiele (Chairman)
Dr Kingsley C. Moghalu
Mr. Benjamin Dikki
Mr. Ayuli Jemide
Mr. Mohammed M. Kafarati
Alhaji Suleiman Barau
Mr. Adebayo Adelabu
Mr. Joseph Ugbo (MD&CE) 
Alh Abbas Umar Masanawa Executive Director (Finance & Strategy)

The Abuja Head Office

The company has its headquarters in Abuja. It has two ultra-modern factory complexes in Abuja and Lagos with adequate capacity and technologically up-to-date machinery.

The two broad divisions under which production is carried out are the Currency Division and the Security Documents Division.

  • Currency Division
    The banknotes production facilities consist of the most up-to-date machines available in the industry. Our high-tech electronically controlled machines, sophisticated inks and highly skilled personnel all go to show that we keep pace with the most current trend in the industry world-wide. To support our operations and satisfy our clients’ individual demands, The MINT manufactures its offset and intaglio printing plates here in Nigeria while the sophisticated production machines and key raw materials are imported from diversified but highly reliable dealers overseas.
  • Security Documents Division
    The production process in the security document division usually starts with the highly skilled and innovative graphic artists who are not only fully conversant with the latest techniques and materials to counteract forgery and adulteration, but are aware of the current capabilities of criminals. This knowledge combinedwith information on the latest international counterfeiting methods enable our designers to continually upgrade the security features and materials to ensure that our products are constantly ahead of potential counterfeiters. The company uses modern local letter-assembly facilities to add the require text matter to these designs.

Lagos Factory OfficeThe resultant designs are then produced on a variety of sheet-fed wet or dry to four colours at once with the capability of printing on both the front and the back of the sheet simultaneously.

The numbering of the documents which in itself is a complex operation, involving the need for absolute accuracy, is available in a variety of styles.

Finishing is carried out in controlled conditions in line with the importance The MINT attaches to the security and integrity of its products.

As part of the expansion strategy, the need to source its raw materials locally as a logical first step. It accordingly embarked on the establishment of two companies in partnership with selected technical partners for the production of security inks and papers in Nigeria. The Tawada Ltd., Abuja, one of the two companies has since commenced production of high quality security inks.

The MINT, in 1988, also acquired a majority interest in Pacific Printers Nigeria Ltd. (PPNL) a company that has been engaged in commercial printing since 1935. The acquisition was aimed at complementing the capacity of the company in the production of non-security printed materials.

Security is the company’s principal asset and therefore, forms the cornerstone of its operations. In recognition of this overwhelming importance of security, the company has continually refined its security requirements for product features, procedures, skills, personnel training and orientation. Security features of banknotes, cheques, drafts and other security documents are periodically updated to impede counterfeiting and forgery. To further enhance the security facilities, the company has an in-house forgery detection unit.

The in-house administration of security of the premises and products is equally detailed, strict and total.
Both physical and Materials’ security of the premises is ensured through the use of the most up-to-date electronic surveillance equipment, supported by adequate and well-trained security staff.

Materials Security safeguards the security of all products through every stage of manufacture. Work is counted in and out of departments by a combination of machines and manual checking. Accountability is total. Waste generated during production is sent to a centralized section where it is kept under strict security condition until the order is completed and a balance struck.
Such waste is destroyed and representatives of government, banks and other customers are free to attend the destruction of waste materials if they so wish.

LabIn recognition of the need to keep abreast of changes in customer tastes and technology and be ahead of counterfeiters and forgers, the company established the Research and Development Unit in 1978.

Although research process is very time consuming and expensive, the company is aware that research and development efforts regenerate new ideals and knowledge, which lead to new applications and industrial growth.

The forgery Detection Section is part of the Research and Development Unit set up to enhance and update its forgery analysis capability. Specifically, the main objectives of the unit are new products development, recommendation on new processes, raw material quality control and forgery detection.

  • The Modern Forgery Detection Laboratory assists the Central Bank of Nigeria and the Law Enforcement Agencies in identifying forged documents. It also categorises the techniques, methods, materials and equipment employed by the forgers in order to assist the design team to produce work outside the established capabilities of counterfeiters.
  • In the Paper Testing and Ink laboratories, constant quality checking of the raw materials is carried out, and the resultant data help in monitoring the quality of these materials vis-à-vis local climatic conditions. This data assists in the production of high quality security raw materials in Nigeria.
  • The Unit acts in a trouble shooting capacity by providing advice and assistance whenever problems of a chemical nature are encountered. Once again, the knowledge gathered from these exercise is used for the future development of better material