Tag:

Mustapha Oladeji Mohammed-Jimoh

ExclusivesHeadlines

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
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.

0 comments
0 FacebookTwitterPinterestThreadsBlueskyEmail
How Cardoso's boy in MINT Mustapha Oladeji Mohammed-Jimoh pockets N60m LR.jpg
Investigation

How Cardoso’s boy in MINT Mustapha Oladeji Mohammed-Jimoh pockets N60m leave allowance as a contract staff

by Leading Reporters
written by Leading Reporters

The last may not have been heard about the untamed looting, fraud, reckless spending and illegality being perpetrated by “Cardoso boys” both in Central Bank of Nigeria and its sister company the Nigeria Security Printing and Minting Plc NSPMP, popularly known as MINT.  This time, a contract staff of MINT Mr. Mustapha Oladeji Mohammed-Jimoh was paid the sum of N60,000,000.00 (Sixty Million Naira) as leave allowance.

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

Mr. Mohammed-Jimoh who was employed as a contract staff in 2024 at the age of 64 years is currently cruising in the United States of America from the said money paid him at the instance of the Central Bank Governor, Mr. Olayemi Cardoso.

Our investigation revealed that in 2024, Mr. Mohammed-Jimoh was among those ‘pushed’ on MINT by CBN top management team.  During the interview, according to information at the disposal of LeadinReporters, Mohammed-Jimoh’s employment could not fly owing to his age.  He was 64 years old at the time he was interviewed.  Following the pressure mounted by the leadership of Central Bank of Nigeria, Mr. Mohammed-Jimoh was employed as a contract staff.

Part of his interview report read “Mr Mustapha Oladeji Mohammed-Jimoh has limitations.  He cannot be offered full-time employment as a public servant because of his age.  He is 63 years old and will be 64 by February 2024.  He was born on 19th February 1960.  In line with public service rules, you cannot employ a candidate over 50 years of age.  To be eligible for employment into the Federal Public Service, an applicant must not be less than 18 years of age and not more than 50 years of age. In line with both public service rules and MINT policy, he is above the statutory retirement age of 60 years.  He can only be employed as a contract staff”.

Also Read: Heartless Billionaires: How Dangote Rice, Bua Rice, Golden Agri Inputs Ltd, Wacot Ltd, others pocketed N5.7b meant for IDPs in North-East

But LeadingReporters investigation revealed that Mr. Mohammed-Jimoh enjoys all the privileges of a full public office holder and more, including being provided with lavish amenities.  A discreet source who spoke to LeadingReporters on condition of anonymity said that Mr Mohammed-Jimoh was specifically sent to MINT to amass money for his old age.  The source said he, just like other executive directors enjoy unhindered and easy access to MINT money, while the junior and intermediary staff live miserably.

“MINT pays the worse salary structure.  Worse working environment. You cannot talk about career growth in MINT.  The company is divided between the rich executive directors and the poor workers  The staff who create the wealth are paid peanuts, worse than their counterparts in other Central Bank of Nigeria-owned companies.  On the other hand, those in the executive director cadre enjoy lavish lifestyles and reckless spending that puzzles people.  Recall that it was in the same MINT that a managing director resigned to contest for the governorship election in his home state.  MINT has a notoriety of absurdity in management and reckless spending.  The peak of it started under the former Governor Godwin Emiefele and it has remained unchanged, if not worse under Cardoso.  We only have leadership that appeals to staff to endure but resort to lavish lifestyles themselves”.  The source said.

0 comments
0 FacebookTwitterPinterestThreadsBlueskyEmail