The former Acting Executive Director of the Nigerian Security Printing and Minting Company (NSPMC), Mr. Adesoji Ogungbesan, has officially broken his silence regarding his departure from the government-owned firm. In a move to protect his professional reputation, Ogungbesan has threatened legal action against an online publication over what he describes as inaccurate and misleading reports concerning his resignation.
In a detailed statement titled ‘From Private to Public Sector and Back Again,’ which was made available to Zoyols, Ogungbesan sought to set the record straight about his journey from the private sector to public service. He explained that he joined the “Mint” in February 2024 after being approached to help drive reforms within the organization. His entry was not arbitrary; it followed a formal recruitment process involving interviews with senior officials from the Central Bank of Nigeria (CBN) and the company’s management team.
During his tenure, which saw him rise from General Manager to Acting Executive Director of Corporate Services, Ogungbesan spearheaded several modernization efforts.Reports learned that he worked closely with the consulting firm PwC on a board-approved organizational review. This initiative was designed to tighten operational processes and introduce measurable performance systems to improve overall administrative efficiency.
Reflecting on his achievements, the former director highlighted significant cost-saving measures, such as the digitalization of internal processes and a restructuring of work schedules that drastically reduced overtime expenses. He also oversaw the deployment of Sage Enterprise Resource Planning (ERP) software to streamline finance and supply chain operations. Addressing specific rumors regarding a pest control contract at the Lagos facility, Ogungbesan clarified that the project was carried out strictly within the approved budgetary framework and covered essential fumigation for the factory and office areas.
The circumstances of his exit in early February 2026 were also clarified in the statement. Ogungbesan noted that his resignation followed a directive from the Acting Managing Director, who informed him of an ongoing management restructuring. While he complied and his resignation was formally acknowledged, he pointed out that the company’s board had not directly requested his departure. He maintained that he served the institution with integrity and according to established professional standards.
Despite the friction surrounding his exit, Ogungbesan expressed gratitude for the opportunity to serve the nation. He noted that transitioning from the private sector to a government institution comes with unique hurdles, emphasizing that lasting reforms require continuity. However, he remains firm on his decision to seek legal redress against those misrepresenting his record, stating that clarifying the facts is essential for his future professional standing.
