Mr. Adesoji Ogungbesan, the former Acting Executive Director of the Nigerian Security Printing and Minting Company (NSPMC), has threatened to take legal action against an online publication due to reports about the circumstances surrounding his resignation.
Ogungbesan, who recently departed the government-owned security printing company, stated that he made the decision to openly address questions about his appointment, tenure, and departure in response to what he called false information about his position there.
He said the document was meant to describe his experience in public service and give his account of events during his time at the organization in a statement titled “From Private to Public Sector and Back Again,” which was made available to journalists in Abuja.
He clarified that he left the private sector and joined the company in February 2024 in order to support the security printing company’s continuing improvements.
He claims that senior Central Bank of Nigeria (CBN) officials and members of the company’s management team participated in a formal interview process for his hiring.
According to Ogungbesan, he was first appointed General Manager overseeing Management Services before being promoted to Acting Executive Director, Corporate Services.
He said that soon after taking office, he carried out a diagnostic assessment of the company and collaborated with the consulting firm PwC on an organizational review that was authorized by the board.
According to the former executive director, the review process concentrated on enhancing administrative efficiency across departments, implementing quantifiable performance systems, and fortifying operational procedures.
Ogungbesan listed a number of measures that he claimed were implemented during his time in office, such as changes meant to enhance cost control, operational coordination, and internal process digitization.
Among the actions he emphasized were adjustments to work schedules and operational protocols that, in his opinion, greatly decreased overtime costs.
Additionally, he stated that the organization saved a significant amount of money by rationalizing data center licenses and that internal operations were made more efficient by automating performance management systems.
The implementation of Sage Enterprise Resource Planning (ERP) software throughout supply chain and finance operations, as well as modifications to certain service delivery arrangements within the organization, were among the other initiatives carried out during that time, according to him.
In response to a report about a pest control contract at the company’s Lagos facility, he said that fumigation and pest management services for specific office and factory areas were covered by the approved contract.
According to Ogungbesan, the contract was carried out within the organization’s authorized budgetary framework.
The former acting executive director added that he left his job in early February 2026 at the company’s acting managing director’s request.
According to him, the email suggested that the organization was undergoing a management reorganization exercise.
He claims that the company later accepted his resignation after it was submitted.
Ogungbesan reaffirmed that he had served in compliance with established protocols during his tenure at the company and insisted that the board did not specifically ask for his resignation.
When he thought back on his time in public service, he said that moving from the private to the public sector brought special operational and administrative difficulties.
He pointed out that in order for institutional reforms to accomplish their goals, they frequently need ongoing support and continuity.
Despite the circumstances surrounding his departure, Ogungbesan said he remained appreciative of the opportunity to serve in the organisation and expressed hope that the initiatives introduced during his tenure would contribute to future improvements.
He also extended his best wishes to former colleagues at the company and expressed optimism about the institution’s long-term prospects.
Ogungbesan, however, stated that he would seek legal redress regarding publications he believes misrepresented his professional record, saying the move was necessary to protect his reputation and clarify the facts surrounding his tenure at the organisation.
