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National Postal Code System for Nigeria

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As part of the rebranding efforts of the President Umar Musa Yar’dua‘s administration to place Nigeria into global reckoning , Professor Dora Akunyili, Minister of Information and Communications has identified the post  as a key element in the campaign.

She recently launched officially the nation’s postal code system and said the absence of the system for the country has had serious negative effect on the recognition and status of the country among other nations. Before now the system had been in existence but it had low awareness by members of the public..

At the opening session of a two-day workshop on National Addressing System in Nigeria with the theme: “Addressing as a Strategic Infrastructure for National Development”, Akunyili said a good and reliable system is a non-negotiable requirement for the development of the country. According to her, the launch of the postal code system is intended to kick-start a new process of Addressing Nigeria  highlighting that the benefits of the physical address, postcodes and national addressing  standards including all the useful information in a data base  will include making it accessible by all relevant agencies for public good and national development .Akunyili  stressed that it is a big irony that after almost half a century of nation hood that  we still take issues of physical addresses lightly  whereas in developed economies , it is a very serious matter .

Akunyili explained that there is nowhere inn the country where a comprehensive system of street names and property number exist but rather more often than not phrases such as opposite the Total filling station, After Apostolic church, Next to the Police station and so on have been used as addresses even in the cities and towns saying that this does not only have a detrimental impact on the provision of services but that it also affects businesses operating efficiently.

Postal code (known in various countries as a post code, postcode, or ZIP code) is a series of letters and/or digits appended to a postal address for the purpose of sorting mail.

Germany was the first country to introduce a postal code system, in 1941. The United Kingdom followed in 1959 and the United States in 1963.

In February 2005, 117 of the 190 member countries of the Universal Postal Union had postal code systems. Examples of countries that do not have national systems include Ireland, Hong Kong and Panama.

Although postal codes are usually assigned to geographical areas, special codes are sometimes assigned to individual addresses or to institutions that receive large volumes of mail, such as government agencies and large commercial companies.

Postal codes in Nigeria are numeric, consisting of six digits and the Nigerian Postal Service (Nipost), the national carrier  divides the country into nine regions, which make up the first digit of the code. The second and third digits, combined with the first, are the dispatch district for outgoing sorting. The last three digits are for delivery. The main postal head office in each region will have a postal code ending in 00001, such as, Garki Main HO in Abuja has the postal code 970001, Ikeja HO in Lagos has 100001, Lokoja in Kogi has 270001 and Port Harcourt has 500001. The lowest postcode being 100001 and the highest is 982002 (12).

 


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Telecom

Ndukwe Reveals Secret of MTN’s Dominance Of Nigeria’s Telecoms Space

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Dr Ernest Ndukwe, Erstwhile Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC), has been speaking on why foremost telecommunications services provider, MTN, has continued to dominate the Nigerian telecom space like a colossus.

Ndukwe, speaking on Tuesday as a guest at the Virtual Digital Africa VIP Leadership Series powered by Digital Africa, organisers of the annual Digital Africa Conference & Exhibitions, noted that three factors – strong financial position, good management and discipline in terms of managing resources, separate MTN from the rest of the pack.

“I think it is important to say that MTN is a particularly disciplined company right from its roots; it has always been a well-run organization. It has not had the board squabbles of its competitions. Since the first board of MTN (Nigeria), some of the board members just retired last year (2019). Meanwhile, their competitions have had various owners, various quarrels, and various issues,” he said.

Ndukwe, who is the Chairman of MTN Nigeria Board, said that nobody can be blamed for this position as the way organisations manage their affairs translates to the kind of position they occupy in the business environment.

“One thing that people don’t know also is that for the first five years of existence of MTN in Nigeria, it did not pay dividends to its shareholders. They recognized the importance of scale and were pumping in all the earnings, all the profits into building networks. They started building their own microwave links; they started building their own fibre optic links all across the country because it’s a matter of planning.

“Let it be said that technology changes, the best company today might not be the best company tomorrow. A few years ago, Facebook was not on the reckoning but today, is a much bigger company. People might not make it in terms of telecommunications service delivery because in certain countries, there is actually a certain number after which the market gets saturated. There are opportunities in the technology space; all that is needed is for operators to discover them and leverage.

“When Zoom started, no person knew it was going to scale to the level it has now reached; thanks to Coronavirus. People should continue to look for opportunities and niche markets and go there because that’s where they can scale. There are many companies that are doing very well in the financial technology space in the country too.”

Dr. Ndukwe also talked about NITEL, 5G, the Stock Market, companies he admires in Nigeria and the concept of a single African Telecoms network.


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Broadcasting

TStv Lures Subscribers with N5 Daily Subscription

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TStv, a local satellite television network, has said that it will on October 1, roll out pay-per-view services in 18 states to mark the country’s independence on October 1.

TStv Lures Subscribers with N5 Daily Subscription

Dr. Bright Echefu, managing director of the company, who said this on Tuesday in Abuja, said that the company had surmounted the challenges it encountered after its launch in October 2017 and was better positioned to deliver quality services to Nigerians.

He said that the pay-per-view entails the minimum of N3 and maximum of N5 daily subscription per channel.

According to him, the company since 2017 went back to the drawing board to address all lapses to give Nigerians value for money and that while services will begin in 18 states on October 1, the remaining states will enjoy services from October 10.

“While we were off the radar, we properly studied the business and we have created a model to fit every Nigerian’s desire. We have created the pay as you view model where Nigerians will pay only for the channels they want to watch.

“Nigerians will be able to choose their bouquet by themselves, by choosing only those channels that they want to watch and pay for with a minimal amount per pay; 108 channels are available on our platform and more than 80 of them are High Definition (HD),” he said.

Echefu also said that as a gift to Nigerians for their steadfastness and understanding, the company had made the Grande Sports Extra Channel and some other local channels free to all Nigerians for one year.

While saying that Nigerians would be able to enjoy the ability to pause the decoder when not in use for a long period, he however, said that to safeguard against abuse, genuine reasons must be given for pausing the services.

He also commended the Federal Government for giving the company the desired support to start again after the challenges that led to its failure when it was first launched.


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E-Financial

Oreoluwa Adesakin, First Bank Staff Jailed for Stealing N49m

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Oreoluwa Adesakin, a staff of First Bank of Nigeria Limited, has been convicted for fraud and handed a total term of 98 years in prison by Justice Muniru Olagunju of the Oyo State High Court.

Oreoluwa Adesakin, First Bank Staff Jailed for Stealing N49m

Oreoluwa Adesakin

But she will spend just seven years in jail.

Adesakin was found to have committed financial fraud against First Bank to the tune of N49,320,652.32.

She also stole $368,203.00 belonging to the bank, which she converted to her personal use.

Adesakin, before she was busted by the bank and sacked, was its Money Transfer Operator, saddled with the responsibility of effecting payments through Western Union Money Transfer and MoneyGram platforms.

The convict was prosecuted by the Ibadan Zonal Office of the Economic and Financial Crimes Commission, (EFCC), on a 14-count charge, bordering on stealing, forgery and fraudulent accounting.

One of the counts read: “That you Oreoluwa Adesakin sometime between the months of May, 2013 and November, 2013, at Ibadan within the Ibadan Judicial Division, whilst being a staff of First Bank PLC stole the sum of N25,974,116.13 (Twenty Five Million, Nine Hundred and Seventy Four Thousand, One Hundred and Sixteen Naira, Thirteen Kobo) from First Bank PLC MoneyGram Payment Naira Account, property of First bank PLC.”

She pleaded not guilty to the charge.

Usman Murtala, prosecution counsel, presented every vital document and witnesses which nailed the convict.

Justice Olagunju noted that the EFCC presented incontrovertible evidence against the convict and did a diligent investigation and prosecution.

He thus pronounced Adesakin guilty of all the counts.

He sentenced her to seven years in prison without an option of fine on each of the 14 counts. The sentencing will run concurrently.

Apart from the jail term, the convict is also to restitute the First Bank, through the EFCC, all the money she stole.

The convict was arraigned April 4, 2014 by the EFCC following a conclusion of investigations against her which arose from a petition from her former employer, dated December 18, 2013.

The bank alleged in the petition that Adesakin fraudulently manipulated its Moneygram accounting and withdrew N49,320,652.32 and another $368,203.00 for herself, which the bank only uncovered while reviewing its internal account.

The EFCC was also able to establish that the convict used part of the proceeds of her crime to acquire landed properties in different parts of Oyo State.


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