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Courier Operators Want Separate Ministry from CommTech

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Omobola Johnson, Minister of Communications Technology
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Postal/courier sector in Nigeria has asked for own ministry citing multifaceted challenges facing the industry  as well as some savings of over N300 billion for the nation’s economy, which is not protected by their current umbrella, Ministry of Communication Technology.

The operators said that successive governments have failed to establish national postal commission (NPC) and want to be merged with Ministry of Transport, pending the creation of the commission.

The respondents who spoke to NigeriaCommunicationsWeek, said, although Dr (Mrs) Omobola Johnson led Ministry of Communication Technology could not be totally held responsible for their plights, however, but that the t Ministry is beclouded with  evolving issues in the telecommunications sector to cater for their wellbeing.

On this premise, Siyanbola Oladapo, president, Association of Nigeria Courier Operators (ANCO), said, “The Ministry where we are, honestly, they are paying so much attention to telecommunications. Recently,  we attended a conference in Bayelsa State, where majority of the issues discussed that could become legislative matters, centred on telecoms. In a document that contained over 100 items, only two were related to postal sector.

“And one of the items is concerned with motorcycles; the nationwide restriction. The second item looks at the national addressing system; we know that NIPOST can handle that. We need to leave the Ministry; we been in the Ministry of Communication technology is a disservice to us. We prefer the Ministry of transport to Communication technology. That is why there is no growth as expected in the sector. The whole focus has been on communications, ICT, and we are neglected.

Nodding in agreement, Mr. Toyin Adeojo, general manager at Cross Country Courier said that the merger of post and telecommunication in Nigeria is not beneficial to the operators.

He said, “The way courier industry is structured in Nigeria is not favourable to us, the practitioners. This is a nation where courier industry is classified under information and Communication and now communication Technology. Even in the days of postal and telecoms (P&T), they gave telecoms more attention because there is money there.

“As we are classified under the Ministry, from Federal to the Local Councils, they accord more respect to the telecoms, but this industry is worth over N300 billion annually and can generate 600,000 jobs. How do we improve under the arrangement? The Federal Government has neglected the industry.

“We need a Ministry that can cater for us; it is like having three wives. You can never love them equally, but there are some polygamous homes that are peaceful than the other.

Mr. Okey Ubah, managing director and chief executive officer, Ebony Express Limited, said, “I think, the Ministry of Communication Technology hands are full. Today, the hype is on e-commerce, but the practice remains that most issues on post and courier still go on physical items. That is when we talk about logistics; movement of goods, parcels, etc.

“We only use internet and other technology to facilitate the records of these movements of goods and services. so, technology is not the main issue in postal and courier, the physical items are security, timely delivery, etc, therefore, the post and courier found itself in a different bed, where it ought not lie”.

He added that, “The post ought to be in Ministry of Transport. Post and courier has to do with the movement of goods; for everything you do, in medicine, law, communications, education, agriculture, etc, you need the internet. So, even if we are in the Transport Ministry we will not miss out on the trend. Ministry of Communication Technology is an umbrella to other industries”.

 
 


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Taraba Adopts Electronic Case Management System

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Taraba State in Nigeria has developed an electronic platform for filing criminal cases in the state’s High Courts, marking the implementation of the new National Case Management System.

The launch, announced on Monday, marks a move from manual to electronic filing of criminal cases and is part of attempts to reform court processes and expand access to justice using technology.

Governor Agbu Kefas stated that the action underlines the government’s dedication to institutional strengthening, the rule of law, and effective governance.

Kefas pledged continued government support for the judiciary, noting that technology is essential for delivering swift, fair and transparent justice.

He also stated that the state would give the resources and infrastructure required to maintain the ongoing judicial reforms.

Justice Joel Agya, Chief Judge of Taraba State, stated that the e-filing facility will enable the electronic filing of originating processes and subsequent applications.

He explained that the system would enhance case tracking from filing to final determination while reducing delays caused by manual registry procedures.

Justice Agya went on to say that the platform would improve the security and accessibility of court records, as well as help judges manage dockets and time better.

He emphasised that the platform is intended to supplement rather than replace judicial decision-making, ensuring that administrative procedures do not impede the delivery of speedy justice.

The development is consistent with a broader national push to digitalise judicial processes across Nigerian courts, which has already been implemented in several regions.


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Cybersecurity Firm Detects a Wave of Crypto Phishing Following BlockFi Bankruptcy

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Kaspersky has detected a wave of phishing attacks preying on former customers of the bankrupt crypto lending platform BlockFi.

These scams leverage the ongoing distribution of customer assets following BlockFi’s 2022 bankruptcy, tricking victims into surrendering cryptocurrency wallet seed phrases, potentially leading to financial losses.

BlockFi, once a prominent provider of high-yield interest accounts and crypto-backed loans, announced bankruptcy in November 2022. The company began disbursing repayments to affected clients in 2024 as part of its restructuring plan.

Kaspersky has detected fraudulent emails mimicking BlockFi’s official branding, which falsely invite recipients to “claim the payment” they are “entitled to.” After clicking on the link, users land on a phishing page and are prompted to “connect their wallet”.

The attackers suggest that users import their existing wallet by typing in the secret phrase – this grants attackers direct access to the funds in the victim’s wallet.

“Phishing attacks like this are widespread, capitalising on real-world events to build trust and urgency. Victims who fall for these scams risk exposing their crypto wallets to theft. It’s critical for individuals to verify any communications directly through official channels and to check the address from where the email originates for legitimacy,” comments Roman Dedenok, anti-spam expert at Kaspersky.

The phishing emails feature convincing logos, colour schemes, and language, making them difficult to spot at first glance. Kaspersky recommends the following steps to avoid falling victim to this or similar scams:

  • Do not click on links or respond to unsolicited emails.
  • Protect Sensitive Information: Never share banking credentials, wallet seed phrases, or other private keys in response to an email or online form.
  • Use Security Tools: Enable two-factor authentication (2FA) on all financial accounts, employ reputable security software like Kaspersky Premium, and consider using a password manager to safeguard credentials.

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Universal Insurance to Raise N15bn to Meet Capital Rules

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Universal Insurance Plc has secured the approval of its shareholders to raise additional capital of N15 billion through a proposed recapitalisation exercise, as the insurer intensifies efforts to strengthen its balance sheet and position the company for long-term sustainability.

The approval will be granted at an Extraordinary General Meeting (EGM) scheduled for February 5, 2026 in Lagos.

Currently, Universal Insurance’s share capital stands at N8 billion, with 16 billion ordinary shares held by existing shareholders on the NGX. The board is seeking to revalidate, authorise, and regularise 14 billion unissued ordinary shares for the planned capital raise and also secure approval to list and admit the new shares for trading

Following resolutions passed at the Extraordinary General Meeting (EGM), Universal Insurance Plc is moving forward with a comprehensive recapitalisation programme aimed at reinforcing its capital base and improving its capacity to underwrite larger and more diversified risks.

Shareholders approved the plan to raise new equity through a combination of capital market instruments, subject to regulatory approvals, as part of efforts to meet industry capital requirements and support future growth.

Gross premium written rose to N18.59 billion, up from N12.29 billion a year earlier, driven by increased underwriting activity across key insurance segments. Insurance revenue also grew to N14.68 billion, compared with N9.85 billion in the prior period, reflecting stronger risk acceptance and improved pricing discipline.

Despite higher insurance service expenses, the company posted an insurance service result of N1.13 billion, while net investment income surged to N2.79 billion, supported largely by fair value gains on financial assets. As a result, net insurance and investment income increased to N5.18 billion, nearly double the N2.61 billion recorded in the same period of 2024.

On the balance sheet, total assets expanded to N21.82 billion as at September 30, 2025, from N18.14 billion a year earlier, supported by growth in financial assets and investment properties. Shareholders’ funds rose to N14.38 billion, up from N12.33 billion, reflecting improved profitability and reserve accumulation.

Investors have also responded positively to Universal Insurance’s performance, with its stock delivering an 83.33 percent return in 2025, rising from N0.66 to N1.21 per share, and trading volumes exceeding 6 billion shares.

The recapitalisation initiative, combined with the improving financial performance recorded in Q3’25, underscores Universal Insurance Plc’s determination to reposition itself as a more resilient and competitive player in Nigeria’s insurance industry.

The company aims to deliver improved value to policyholders, investors, and partners, while supporting broader economic activity and generating sustainable returns for shareholders.


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