Illegal Courier Operators costs Nigeria over N20Bn loss annually

Courier Regulatory Department of the Nigeria Postal Service (Nipost) has said that unlicensed operators drain the country’s purse to the tune of N20 billion per annum.

Dr. Simon Emeje, senior assistant postmaster general and head of CRD made the remark while briefing journalist in Lagos following the sealing up of Efosa Express Limited (an arm of EFEX Executive), located at 77/79 Muritala Mohammed Way, Jibowu, Yaba, Lagos for failure to legalize its courier operations.   

Emeje said that CRD’s sealing of the Company is expected to serve as deterrent to others operating without licence.

Speaking on the sideline of the clamp down, he said: “We went out because a force was driving us. That force is still driving us. We have bases for this action. First, let us understand the industry; we have quacks and unlicensed courier companies that are operating in Nigeria. And innocent Nigerians do not know what is happening.

“As a background to this action, we have a postal industry that is worth an average of N300 billion per annum. And out of the amount, we have quacks/unlicensed courier companies that if you put their work together, we are talking of a loss not less than N20 billion. You can see the worth of the industry and the lose we incur through the operations of illegal courier companies”.
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