Wednesday, July 15, 2026

Umar Masanawa, director in charge of printing naira, picks APC forms without resigning

Mr Masanawa’s governorship ambition could pose a huge security threat to the sanctity of sensitive election materials usually stored by the CBN.

• May 12, 2022
Abbas Umar Masanawa and CBN Governor, Godwin Emefiele
NSPMC managing director, Abbas Umar Masanawa and CBN Governor, Godwin Emefiele

Abbas Umar Masanawa, Nigerian Security Printing and Minting Company (NSPMC)’s managing director, has declared his intention to contest the governorship election in Katsina on the All Progressives Congress (APC) platform without stepping down from office.

The NSPMC is a subsidiary of the Central Bank of Nigeria (CBN) responsible for printing and minting the nation’s currency notes, coins and high-level security documents.

Purchasing the N50 million APC governorship form on Wednesday, Mr Masanawa joined the ilk of CBN governor Godwin Emefiele and other political appointees actively pursuing their political ambitions without resigning their present positions.

A former deputy general manager at Zenith bank, Mr Masanawa served as special adviser to Mr Emefiele, and steadily moved up the rung to become the executive director at the NSPMC.

President Muhammadu Buhari appointed him as the organisation’s managing director in 2015.

Mr Masanawa told Peoples Gazette on Thursday morning he had resigned from office, but failed to provide evidence of his resignation or when it happened. Officials at his office said he had declined to resign, saying his position doesn’t fall under public officials who are required to step down to pursue elective offices in the upcoming general elections.

On Monday, the Independent National Electoral Commission (INEC) warned of serious implications should the CBN governor proceed with his presidential ambition.

Meanwhile, Mr Buhari has ordered Mr Emefiele to resign from the CBN over his intention to run for president in the 2023 presidential election. This affects Mr Masanawa too.

Mr Buhari’s directive came via a circular on Thursday demanding public officeholders seeking elective positions in the 2023 general elections to resign by May 16.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

police

States

Police say three alleged vandals nabbed, multimillion-naira rail tracks recovered

The police command in Oyo state arrested three suspects in connection with the vandalism and theft of railway tracks valued at N200 million.

Governor Alex Otti

States

Otti directs immediate implementation of NYSC allowances

Mr Otti gave the directive in his office on Tuesday while receiving the new NYSC coordinator, Yunusa Tanimu, in Nvosi, Isiala Ngwa South council area.

: Basketmouth, Tinubu

Anti-Corruption

I would have become Nigeria’s president now if I had been drug dealer, fraudster: Basketmouth

“If I had started a church business. Sorry. If I had joined evangelism. I would have been Daddy G.O. owning two private jets, one university,” stated Basketmouth.

Ibadan men nabbed for kidnapping five-year-old girl

States

Ibadan men nabbed for kidnapping five-year-old girl, demanding N10 million ransom

The suspects, Adegboye Seyi Sunday and Adegboye Elijah Adefemi, were nabbed in Ibadan by the police.

Liang Wenfeng

Economy

World’s Richest AI Creator: Meet Deepseek founder Liang Wenfeng worth $36 billion

Ranked among China’s 100 richest people, Mr Liang was on Time magazine’s 100 Most Influential People in AI in 2025 and on Fortune’s 100 Most Powerful People in Business.

69th annual general meeting of the Nigeria Employers’ Consultative Association in Lagos

Economy

FG expresses commitment to improving ease of doing business

FG says it remains committed to improving the ease of doing business, strengthening investor confidence and implementing policies that encourage enterprise growth.