Why NIPOST Sealed Courier Companies In Lagos | Independent Newspapers Limited
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Why NIPOST Sealed Courier Companies In Lagos

Posted: Sep 17, 2015 at 7:21 pm   /   by   /   comments (0)

The Courier Regulatory Department (CRD) of the Nigerian Postal Service (NIPOST) on Thursday sealed two courier companies allegedly operating without licences in the country.

Senior Assistant to the Postmaster-General of NIPOST, Simon Emeje, told newsmen in Lagos that the two firms were based in Lagos.

The News Agency of Nigeria (NAN) reports that the illegal companies, OJ Transports, located at Jibowu, and Happy Family Motors, situated at Ojuelegba, were sealed as part of a clampdown essential for the sanity in the courier sub-sector.

NIPOST said the companies have not gone through the CRD’s licensing process, hence their existence was deemed detrimental to the sector.

Emeje said that the courier sub-sector also needed to be sanitised in the interest of investors. He noted that the licensing fee for indigenous courier company was N2 million, while the multi-national licence was N10 million, in the very viable sub-sector, but only 20 per cent of the market has been tapped.

“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.