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In Lagos NIPOST shuts down 2 illegal courier companies

According to him, the companies have not gone through the CRD's licensing process; hence, their operation is detrimental to the sector.

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Nigerian Postal Service play

Nigerian Postal Service

The Courier Regulatory Department (CRD) of NIPOST on Thursday closed two companies, allegedly operating courier services without licences in the country.

Dr Simon Emeje, the Senior Assistant Post-Master-General of NIPOST, told newsmen in Lagos that the two illegal operators were based in Lagos.

The News Agency of Nigeria (NAN) reports that the illegal companies are OJ Transports, located at Jibowu and Happy Family Motors, situated at Ojuelegba.

He said that the clampdown on the courier services was a national assignment and essential for the sanity of the courier sub-sector.

According to him, the companies have not gone through the CRD's licensing process; hence, their operation is detrimental to the sector.

The senior assistant post-master general said that there was the need for the clampdown because of the critical nature of the sector to the nation’s economy.

He said that the courier sub-sector also needed to be sanitised in the interest of investors.

Emeje said that the licensing fee for indigenous courier company was N2 million, while multinational licence was N10 million.

According to him, the sector is very viable, but only 20 per cent of the market has been tapped, while 80 per cent remained untapped.

''The asset worth of the industry is about N300 billion and there is need to protect and boost it. We are saying this to encourage investors both at national and international levels to tap into the industry,'' Emeje said.

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