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Trust is Essential Element in Courier Business- Ezeh

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Prince Sam Ezeh is the managing director of Ezex Courier Services Limited, an offshoot of God Bless Ezenwata Transport Limited. He spoke on his vision for setting up the courier outfit which he said was borne out of the desire to set a standard in the industry as an indigenous courier company that can deliver first class service. He said his foray into courier business is a continuation of his chosen path of providing logistics support to millions of Nigerians in the business and private sectors of the economy.

Ezeh emphasized the need for government to partner with courier operators in order to move the courier business to the next level saying that lack of such partnership and support from government has taken a toll on the level of progress made so far in the industry. He lamented the sorry state of infrastructure in the country and said this has made the business Herculean. He said merging the state of our infrastructure with the high expectation in terms of quality of service offered to their customers keeps courier operators on their toes all the time.

Training of staff to keep abreast of development in the competitive courier business, Ezeh said is a core value of the company. "I consider training of staff from the beginning as an integral part of what would keep people moving if they are to make positive impact in the industry to show that excellence and perfection could be achieved in their line of business", he said. In addition to training, he said Ezex Courier Services Limited employs courier professionals who know their bearing in the industry even as he attributed failure of most courier businesses to bad management decisions resulting from having square pegs in round holes. In his courier firm, he said the company has the right calibre of staff and professionals who make sure that business purchases in terms of satisfaction, efficiency and effectiveness are maintained at all times.

He talked about the strategic support the courier firm enjoys from God Bless Ezenwata Transport and said the transport company has boosted logistics business with such support even as he revealed that the platform is also enjoyed by other numerous courier companies that depend on the support provided by the partnership. In either way , whether the courier firm is servicing its direct clients or other courier companies that depend on their logistics , Ezeh maintained that the company makes sure that clients’ goods and services receive the best of attention.

To curb the incidence of pilfering of clients’ goods he said that the company does not employ any staff that does not have a track record of where he is coming from ." The company does not employ anybody who comes from no where and has no reference. It engages only those whose antecedents are known or are traceable, Ezeh submitted.

Further, he said the company operates open secret transactions which allow a parcel to be scrutinized by more than one member of staff before it is finally sealed for dispatch. In the same way, he said that other parcels coming into the country are immediately collected on arrival at the airport and effort is made immediately to contact the owner of the parcel for collection. He believes that putting necessary checks in place the incidence of pilfering could be minimized in courier companies. He emphasized trust as an essential element in courier business as in every other one which must not be abused saying that it forms the bedrock of their existence as a company.

Ezeh commended the level of Information Communications Technology awareness in the country and said the development has impacted positively on the operations of courier companies with improved and faster means of communication.

 


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E-Financial

FG Sacked IST Members over Fraud- Ahmed

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Mrs Zainab Ahmed, minister of Finance Budget and National Planning, has said the Federal Government sacked some past members of the Investments and Securities Tribunal (IST) as they indulged in corruption.

FG Sacked IST Members over Fraud- Ahmed

Inaugurating the new members, the minister charged the new members to eschew corruption and be forthright.

Bar. Azi Amos Isaac was appointed as Chairman for a five year term and Bar. Nosa Smart Osemwengie, was re-appointed as member for a second term of four years.

“The problem with the tribunal has been infighting amongst members, lack of industrial harmony and series of complaints bordering on maladministration.

“This has been the bane of the tribunal and a source of embarrassment not only for the Ministry of Finance but for the government in general,” Ahmed said.

The new chairman, Azi, assured the finance minister that, “the teething issue of restiveness has been addressed since he assumed duty,” adding that, “The place is calm and the staff have become very supportive.”

Azi said since 2003, the tribunal has “given judgment in the value of assets worth over N844 billion and that from 2017 to date, they have given decisions in monetary value totalling over N28bn.

“It has not failed in its adjudicatory responsibility.

“It has carried out its assignment with candour and integrity and intends to improve on what has been on ground.”

 


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E-Financial

CBN Bans Customer-to-Customer Forex Transfer

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Central Bank of Nigeria (CBN) has banned transfer of foreign exchange (forex) from one customer to another.

CBN Bans Customer-to-Customer Forex Transfer

According to the apex bank, forex cash lodgements into domiciliary accounts can only be done by the account owners henceforth.

An internal memo available in the media space explains that the new guidelines are necessary to review the utilisation of inflows into customers domiciliary accounts.

The circular states: “Forex inflows cannot be credited to customers until the legitimacy of funds is established.

“They can have unfettered access by telegraphic transfers up to a limit of $40,000 monthly for payment of medical bills, school fees, subscription to professional bodies subject to existing CBN guidelines.

“Transfers from one customer to another is prohibited. Transfer within related companies is allowed subject to a limit of $50,000 per month.”

It recommended that proceeds from non-oil exports should be sold to banks, used for repayment of dollar term loans, and self-utilisation for trade transactions for LC, bills and Form A.

Also oil export proceeds from E&P companies are to be used to pay contractors and service providers employed by the oil companies in addition to the recommended uses for non-oil FX proceeds.

Offshore forex inflows from other Nigerian banks and internal account to forex transfers sourced from offshore inflows are to be used for trade transactions subject to eligibility for E-Form M.

“Upon confirmation of the legitimacy of the inflows, customers can have unfettered access, subject to a maximum of $50,000,” the document read.

“Utilisation for trade transactions subject to processing of eligible trade transactions using E-Form M. Payment for services must be backed with demand note from offshore beneficiary and other regulatory documents.

“Related party transfers are allowed to the maximum of the inflow received. The transfer request should be backed by a signed instruction from the account holder.” Payment of government fees and levies are also allowed to the maritime, oil and gas, aviation. government parastatals and export processing zones.

 


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UBA Launches ‘RED Radio’, New Online Entertainment Platform

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United Bank for Africa, (UBA Plc), Pan- African financial institution, has continued to lead in innovation with the launch of its dynamic and creative Online Radio channel – RED Radio.

UBA Launches ‘RED Radio’, New Online Entertainment Platform

RED Radio, powered by UBA is a lifestyle web platform that has been set up to inform, educate, entertain and to bring to the fore, the best of Africa.

Much like its sister platform, REDTV, RED Radio is expected to showcase the best in lifestyle, entertainment, music, news, comedy and fashion.

Speaking on the launch of RED Radio, Tony O. Elumelu, group chairman of UBA,  applauded the creative initiative, emphasising that UBA is a financial institution always ready to support  creativity and entrepreneurship. The 2020 Time 100 most influential person in the world who has committed USD100 million to empowering young entrepreneurs across Africa said about RED Radio, “Creativity and innovation are a powerful combination and every detail in an art piece is important and meaningful. This applies to growing businesses and budding entrepreneurs. You will encounter challenges, like I did, but each experience is a lesson that brings you closer to your goal. That is the beauty of creativity.”

Continuing, Elumelu remarked, “There are many ways to make something beautiful, to make a sound interesting or to bring a story to life. You can define your expression, and today, as UBA’s RED Radio launches, I wish Bola Atta and her enterprising team many successes through this beautiful medium of expression.”

In appreciation of the support of UBA Group Chairman for the exciting creative initiative, Bola Atta, UBA’s group head, Corporate Communications, said ‘just like, REDTV which is Africa’s leading  online entertainment network, RED Radio is positioned to fast become the foremost online radio platform in Africa’.

Also expressing his delight, UBA’s Brand Ambassador and star boy, Wizkid, said, “I am never too busy for my UBA family as he granted an exclusive interview on one of the station’s flagship shows ‘On the Street’ where he spoke extensively about his upcoming album and what his fans should expect from him in the coming weeks.

RED Radio promises to bring rich and engaging content that will keep its audience coming back constantly for vibrant and robust entertainment. Listeners can tune in to www.itsredio.com 24/7.

 

 


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