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Illegal Courier Operators Double as Bureau de Change

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The Courier Regulatory Department (CRD) of Nigeria Postal Service (Nipost), recently discovered that illegal courier operators, also operate as Bureau de Change in Benin City, Edo State.
At a recent clamp down operation on illegal courier operators by CRD  in Benin, led by Dr. Simon Emeje, senior assistant postmaster general and head of CRD, said a good number of illegal courier operators in Benin have Bureau de Change and hide under the canopy to do courier business.
According to Dr. Emeje, the people who do illegal courier business in Benin are unorganized but organized in their crime ventures, because they transact their business in foreign currency.
It is important to note here that the value of courier services has become more relevant and important to both personal and business interactions especially in this information age when modern means of transportation and communication has evolved, hence courier companies should endeavour to register with CRD.
Present day courier service has wider tentacles using extensive network of men, machine and ingenuity. In Nigeria, especially in Lagos, Port Harcourt and Abuja, you can hardly cover a pole without sighting either a courier billboard advert or a courier agency.
However, the courier business in Nigeria has also attracted players who rather than follow the proper channel of acquiring courier license would go all out to catch in on the new openings in the sector without   getting a license from CRD. The proliferation in the sector has become so alarming to the extent that somebody delivering a paper in a courier event last year, quoted the number of courier companies in Nigeria to be 700. The outrageous number was borne out of naivety that not all courier companies operating in Nigeria are registered.
According to her, within the same building her office (Asset Management company) is located, there are several courier companies operating in the same building.
This is the stack reality of how the industry is, where the number of unlicensed courier companies by far outnumber the registered ones.
The Courier Regulatory Department of Nipost was created as a child of circumstance to sanitize the courier industry in Nigeria and true to expectation; the department has done so much within its mean resources to bring sanity into the industry. Looking at the achievements of the regulatory body, courier operators have variously agitated that it be empowered by the government to enable it face the onerous challenges weighing it down. They argue that the regulatory responsibility handled by  the CRD vide Decree 41 of 1992 is highly limited in powers and that this limitation has not allowed the department  to regulate the way it should even though it has recorded breathtaking achievements in the industry .
Under the leadership of Dr Simon Emeje, the CRD has been able to transform the courier industry from the mess it was some years ago to the level it is now.   However the war is far from being won though the department has been launching attacks on illegal courier companies almost on monthly basis irrespective of where the fake courier company is located in Nigeria.
The regulatory department has also reassured that more raids will be launched on some illegal courier companies already identified and penciled down for attack. The efforts of men of the CRD have saved several millions of naira for genuine courier companies who are already facing a lull in their business as a result of the economic recession.
As the year has just began, courier companies are also required to renew their licenses to enable them operate in the New Year.  The activities of the fake courier operators cut down the income of the licensed ones such that many of the registered firms are facing extinction.
In the whole process, government seems unperturbed by the activities of illegal courier operators who have constantly made the pockets of registered ones to be bleeding. Illegal courier companies operate in a different world and it can only take adequate measures to be able to contend with the scourge. 


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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E-Business

Kaspersky Launches OT Calculator to Align Cybersecurity Investments with Business Goals

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Kaspersky’s new online tool has been specially developed for industrial organisations to assess the potential costs associated with insufficient operational technology (OT) security.

By offering detailed financial forecasts, the calculator empowers senior management to make well-informed decisions regarding security investments.

Industrial organisations increasingly depend on interconnected systems, elevating cybersecurity to a critical factor in business resilience and profitability.

According to VDC Research, over 60% of industrial companies last year reported that cybersecurity breaches had led to significant costs. Despite this, a persistent disconnect remains between security teams and executive leadership as security professionals focus on minimising risk, while executives must balance cybersecurity concerns with broader business objectives. This misalignment often results in competing priorities and underfunded security initiatives.

To bridge this gap, Kaspersky has launched the OT Cybersecurity Savings Calculator, an innovative online tool designed specifically for industrial organisations to assess the potential costs of inadequate operational technology (OT) security¹.

The primary aim of this tool is to translate cyber risks into tangible financial metrics and support strategic discussions around priorities and budget allocation. By entering details such as their sector, sub-sector, region, company size, breach history, and existing cybersecurity measures, organisations can estimate their potential cost savings and receive customised, actionable recommendations.

The calculator benchmarks performance against industry peers and highlights the company’s position within the current threat landscape.

“We believe this calculator is a powerful resource for transforming complex cyber risk data into straightforward financial insights. It enables OT leaders, security professionals, and executive teams to develop clear, data-driven business cases and recognise the value of cybersecurity investments. With actionable guidance, it promotes a comprehensive approach to resource management and strengthens overall organisational resilience,” comments Andrey Strelkov, Head of Industrial Cybersecurity Product line at Kaspersky.


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Stanley Amandi, Nollywood Actor Arrested over Alleged Coup Plot against Tinubu

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Stanley Amandi, veteran Nollywood actor and filmmaker, has been arrested by the Nigerian military over his alleged role in a foiled coup plot to overthrow President Bola Tinubu’s government, according to an exclusive report by Premium Times.

Stanley Amandi, Nollywood Actor Arrested over Alleged Coup Plot against Tinubu

Stanley Amandi, Nollywood Actor

The filmmaker, also a former chairman of the Actors Guild of Nigeria (AGN) Enugu State chapter, was reportedly detained in September 2025 alongside several military officers accused of planning a violent overthrow, including potential assassinations of top officials, according to the newspaper’s sources.

Reports indicated that the coup plotters planned to wholesale assassination of top government officials including President Tinubu, Vice President Kashim Shettima, Senate President Godswill Akpabio, and Speaker of the House of Representatives Tajudeen Abbas, among others.

On Monday, the Defence Headquarters confirmed the plan to illegally oust the Tinubu administration, saying the indicted officers will be arraigned before military judicial panels.

In its statement, the Defence Headquarters said the investigation has been completed and forwarded to “appropriate superior authority in line with extant regulations.”

According to the military, the investigation was “comprehensive” and conducted in line with established procedures, examining “all circumstances surrounding the conduct of the affected personnel.”

The military disclosed that the findings identified “a number of the officers with allegations of plotting to overthrow the government,” describing such conduct as “inconsistent with the ethics, values and professional standards required of members of the Armed Forces of Nigeria.”

Mr Amandi has featured in many Nollywood movies and is known for his work as an actor, production manager and director.

His notable works include “The Album,” where he served as director; “Tiger King,” where he also served as director and produced in 2008; “Cornerstone,” produced in 2019; and “Once Upon a Dream,” in which he appeared as an actor in 2024.

Mr Amandi’s last Instagram post was on 19 September 2025, shortly before his arrest.


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E-Financial

FBNQuest Merchant Bank Rebrands as Quest Merchant Bank

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FBNQuest Merchant Bank Limited has completed a change of name and will now operate as Quest Merchant Bank Limited, following the receipt of all required corporate and regulatory approvals.

The name change does not affect the Bank’s legal or going-concern status, management, or the nature of its business. Quest Merchant Bank Limited remains a duly licensed merchant bank, regulated by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), and continues to deliver its full suite of merchant banking, advisory, and capital markets services to clients.

Commenting on the development, the Ag. Managing Director/CEO, Afolabi Olorode, stated: “This name change represents a pivotal milestone in the rich history of the Bank and a deliberate strategic repositioning that reflects our resilience, strong track record, and long-term growth ambitions. While our name has evolved, our commitment to our clients, stakeholders, and regulators remains unwavering.”

As part of the transition, the Bank is updating its branding, communications, and digital platforms to reflect the new name. During this period, some legacy references may remain visible across select touchpoints as updates are progressively completed.

All existing contracts, client relationships, and obligations of the Bank remain valid, binding, and fully enforceable following the name change.


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