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Illegal Courier Operators Double as Bureau de Change
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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News
Police Busts Syndicate Who Allegedly Stole N3Bn from Financial Institution

Police Special Fraud Unit (PSFU), Ikoyi, Lagos, said its operatives have busted a syndicate who used Point of Sale (POS) terminals and other technological tools to gain access to financial institution’s database to steal more than N3 billion.

Police did not name the financial institution where the money was stolen but DSP Ovie Ewhubare, spokesperson for the Unit, in a statement Friday, said that while a member of the syndicate has been arrested, other remained at large.
The PSFU spokesperson said the suspect was apprehended following an extensive investigation into a sophisticated cyber intrusion targeting a financial institution.
“The members of the syndicate allegedly used Point of Sale (POS) terminals and other technological tools to gain unauthorised access to the financial institution’s database.
“The breach enabled the suspects to initiate fraudulent transactions worth more than N3 billion,’’ he said.
According to him, investigations reveal that the proceeds of the alleged fraud are quickly laundered through multiple bank accounts in an attempt to conceal the source and movement of the funds.
The spokesperson said that the detectives deployed advanced digital forensic techniques and financial analysis to trace the transactions, identify members of the syndicate and recover key evidence to support prosecution.
Ewhubare said that Mr Eloho Okpoiakpo, commissioner of Police in charge of the PSFU, commended the investigating team for its professionalism in uncovering the alleged fraud.Law Enforcement
He said that Okpoiakpo directed the detectives to intensify efforts to apprehend other fleeing members of the syndicate, assuring that every effort would be made to bring all those involved to justice.
Telecom
MTN Accelerates Network Expansion to Meet Surging Telecom Demand

MTN Nigeria is accelerating investments in network expansion and modernization to address rising demand for mobile and data services across the country.

The operator is deploying additional base stations, upgrading existing infrastructure, and expanding fiber connectivity to improve network capacity, coverage, and service quality.
The investments are designed to support increasing smartphone adoption, higher data consumption, and the growing use of digital services by consumers and businesses.
MTN said the expansion aligns with its long-term strategy to enhance customer experience while strengthening Nigeria’s digital infrastructure.
The company expects the ongoing upgrades to improve connectivity, support economic growth, and enable broader access to reliable telecommunications services as demand for high-speed broadband continues to increase.
General News
Court Remands Akujobi, Ex Access over alleged Theft of N294.5m

Chinonso Akujobi, former staff of Access Bank in Lagos, has been remanded in Ikoyi prison after she was arraigned on a five-count charge bordering on stealing to the tune of N294.5m.

Akujobi who is being prosecuted by the Economic and Financial Crimes Commission (EFCC) was arraigned before Justice I.O. Ijelu of the State High Court sitting in Ikeja, Lagos.
EFCC alleged that Akujobi stole the money between January and December 2025 while under the employment of Access Bank Plc.
As stated in one the charges, the defendant stole the money through unauthorized payments from the general ledger of Access Bank to her account number 0036668871 with the name Chinonso A., Uchechi A. and Florence A., thereby committing an offence of stealing, contrary to Section 280 and punishable under Section 287 of the Criminal Law of Lagos State, 2015.
The defendant pleaded “not guilty“ to the charges when they were read to her.
In view of this, S.M.Yabo, prosecution counsel, asked the court for a trial date and also prayed for the remand of the defendant in a Correctional centre.
Justice Ijelu, thereafter, adjourned the case till October 8, 2026, for the hearing of the bail application and the commencement of trial.
The Judge also ordered that the defendant be remanded in the Ikoyi correctional Centre.
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