The Board of Directors

The Board of Directors led by the Chairman is responsible for the company’s strategic policy decisions, while a highly experienced Executive Management Team runs its day to day affairs. These are:


CBN Governor Emefelie
Mr Godwin Emefelie

Godwin Emefiele is the Governor of the Central Bank of Nigeria (CBN). Prior to his joining the CBN, he spent over 26 years in commercial banking culminating in his tenure as Group Managing Director and Chief Executive Officer of Zenith Bank PLC, one of Nigeria’s largest banks .

MR. JOSEPH UGBO – Managing Director and Chief Executive Officer

Mr. Joseph Ugbo
Mr. Joseph Ugbo

Mr. Ugbo is a seasoned Chemical Engineer with over 29 years of engineering and managerial experience with internationally reputed manufacturing companies. Prior to this appointment, Mr. Ugbo had worked in various levels and countries of Unilever PLC and rose to the position of Head of Manufacturing, where he coordinated all General Managers in manufacturing in the entire company. From 2009 to 2014, he was General Manager of Dangote Flour Mills PLC in Calabar. Mr. Ugbo obtained his Bachelors degree in Chemical Engineering from the University of Lagos in 1982 and an MBA from the Lagos State University in 1999. He has also completed extensive trainings in Banknote Production and Security Printing from the Royal John. Enschede in The Netherlands.

Alhaji Abbas Umar Masanawa – Executive Director Finance & Strategy

Alhaji Masanawa – EDF & S/CFO
 Alhaji Masanawa

Alhaji Masanawa has over 17 years of cognate banking experience and rose to the position of Deputy General Manager in Zenith Bank PLC. Prior to his appointment, he was Special Assistant to the Governor of the Central Bank. Alhaji Masanawa holds a Bachelors degree in Agricultural Economics from Ahmadu Bello University and an MBA in Finance from the University of Maiduguri. He has also completed courses and programmes from the Harvard Business School, London Business School, and the University of Oxford.

MR. AHMED HALILU MNI – Executive Director Operations

Mr. Ahmed Halilu mni
 Mr. Ahmed Halilu mni

Mr. Ahmed Halilu mni has over 23 years of experience in the Banking industry having worked with African International Bank Limited (AIB) and Zenith Bank Plc.  Prior to his appointment, he was a participant of Senior Executive Course 39, 2017 of the National Institute for Policy & Strategic Studies Kuru, Jos leading to award of member of the National Institute mni.  Mr Ahmed Halilu holds a Bachelors degree in Agriculture B. (Agric), Masters in Business Administration (MBA) as well as Masters in International Affairs & Diplomacy (MIAD) all from Ahmadu Bello University Zaria.  He is a member of Nigerian Institute of Management (NIM).



Currently the Senior Technical Adviser to the Governor, Central Bank of Nigeria, on NSPM Plc , he holds a PhD. Industrial Chemistry, University of Lagos, Nigeria, M.Sc, Industrial Chemistry, Synthesized Nylon 3 for Liquid Crystal Display, Atlanta University, Atlanta, USA , B.Sc Chemistry, Southern University, Louisiana,USA

He was the Former GM (Security Documents) of NSPM, and directly responsible then to the MD/CE of NSPM, Plc on matters related to technology adoption, adaptation and its relevance to NSPM, Plc viability. Besides, he had held some adhoc functions in various capacities at different levels. Among these, the Current Chairman of the African Banknote Security Documents Printers Association’s Technical Committee, sits on the Executive Membership Committee of the Association, and a plethora of other administrative functions. Professor Odozi is a constant face in the Security Print Industry and has through devotion of duty and diligence carved a niche for himself not only in this hybrid discipline as a professional, but also in other facets of life.