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Home > Deputy Governor Ms. Emem Usoro
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Deputy Governor Ms. Emem Usoro

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CBN Governor sacks Adesoji Ogungbesa, Mustapha Oladeji Jimoh from MINT’s board over criminal infractions; may hand them over to anti-corruption agencies

by Leading Reporters February 22, 2026
written by Leading Reporters

The Governor of Central Bank of Nigeria, Mr Olayemi Cardoso has sacked Mr Adesoji Ogungbesa and Mr Mustapha Oladeji Mohammed-Jimoh from the board of the Nigeria Security, Printing and Minting company for gross abuse of office and violations of laid down principles, a discreet has revealed to LeadingReporters.

The source also hinted on possible prosecution of the duo by the anti-corruption agencies over abuse of office, and mismanagement of funds. Recall that LeadingReporters has previously made publications on the illegal employment of Adesoji Ogungbesa and Mustapha Jimoh, whose employment were said to have been facilitated by one Mr. Olakunle Abiola, a former aide to a deputy governor Emem Usoro of central bank of Nigeria.  Mr Olakunle Abiola was later sacked for falsification of his credentials.

ALSO READ: Employment scam in MINT:  Group petitions CBN, National Assembly, CCB, others:  CBN Deputy Governor Emem Usoro; her aide Olakunle Abiola indicted

The CBN source who revealed this to LeadingReporters hinted that the Central Bank Governor may not end at just dismissing the duo but may hand them over to the anti-corruption agencies for proper investigations and possible prosecution if found culpable.  The source said that despite series of intervention from politicians and top religious personalities from South West Nigeria, the governor was quoted to have said that sentiments had no place in his quest to position MINT and other affiliate organisations to perform optimally under his watch.

“The governor bluntly refused all the overtures made to him to upturn his decisions about the sacked board members. He has vowed to personally ensure that MINT lives up to expectation in terms of service delivery.

Meanwhile, LeadingReporters investigation revealed that both Adesoji Ogungbesa and Mustapha Oladeji Jimoh were beneficiaries of a backdoor employment arrangement as both lacked the prerequisite qualifications to sit on board of MINT.

A copy of the panel of interviewers’ report dated 22nd of December, 2023, following an interview conducted on the 21st December, 2023 exclusively obtained by LeadingReporters revealed that both Adesoji Ogungbesa and Mustapha Oladeji Jimoh did not qualify for the positions of Executive Directors. While Mustapha, a Chartered Accountants with long practicing experience was said to have been limited by his age (63 at the point of interview), Adesoji Ogungbesa was said to have no verifiable credentials to enable him work for the position of Chief Financial Officer which he was vying for at the time of interview.  Another limitation was the salary he claimed to have previously earned (N71m/pa which our investigation revealed is false) from his former employer, Sahara Group, as against N11m/pa payable for position of a senior manager in MINT.

Adesoji Ogungbesa, despite not qualified for the position of a Chief Financial Officer was said to have approached his friend Olakunle Abiola who manipulated the process that eventually landed Adesoji as an Ag. Executive Director, Corporate Services.

The source said that Mr Olayemi Cardoso is currently sourcing for highly technical and competent hands to join the board in line with President Bola Ahmed Tinubu’s Renew Hope Agenda.

February 22, 2026 0 comments
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Breaking: CBN sacks Deputy Governor’s aide Olakunle Abiola for certificate forgery LR
ExclusivesHeadlines

Breaking: CBN sacks Deputy Governor’s aide Olakunle Abiola for certificate forgery

by Leading Reporters January 24, 2025
written by Leading Reporters

The Governor of Central Bank of Nigeria, Mr Olayemi Cardoso has allegedly sacked Mr. Olakunle Abiola, aide to Deputy Governor of Central Bank Ms. Emem Usoro for falsification of National Youth Service Corp, NYSC certificate, LeadingReporters can authoritatively reveal.

A discreet CBN source who is in the know revealed that Mr. Olakunle Abiola, popularly known in CBN circles as Deputy Governor’s Henchman DGH was relieved of his duty upon discovering that his NYSC certificate was forged.

Although, it was learned that following the intervention of Abiola’s principal, Ms. Usoro, and to avoid being prosecuted, Abiola was said to have been given the option of resigning his appointment with CBN.

Mr. Abiola, prior to his shameful dismissal worked for United Bank of Africa, from where Ms. Usoro was said to have moved him to Central Bank of Nigeria.  An insider source said that Abiola had worked with the Central Bank of Nigeria before joining UBA and latter returned to CBN when his principal was appointed a deputy governor.  Others sources said that Abiola unceremoniously left CBN some years back when the bubble of certificate forgery first burst.

Years later, he returned to Central Bank of Nigeria with Ms. Usoro, who immediately promoted him from being her aide to an Assistant Director.

Olakunle Abiola was responsible for facilitating the employment of his old time friend Adesoji Ogungbesan.  Recall that LeadingReporters has previously published the backdoor arrangement that saw Adesoji Ogungbesan being employed as an Executive Director, Corporate Services in one of the Central Bank of Nigeria’s sister company, Nigeria Security, Printing and Minting Plc.  Mr. Adesoji was interviewed and recommended for the position of a senior manager only to end up as an Executive Director through a backdoor arrangement facilitated by Mr. Abiola and his principal, Deputy Governor Usoro.

January 24, 2025 0 comments
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