From Bisi Oladele, Southwest Bureau Chief 

The new Postmaster General of the Federation, Dr. Bayo Adewusi, has said Nigerian Post Office (NIPOST) bank will soon be established.

Adewusi disclosed this while featuring on a call-in political programme, ‘Southwest Political Circuit’, on Ibadan-based Fresh F. M. radio at the weekend.

Adewusi, who was appointed as the chief executive officer of NIPOST three months ago, said the organisation is in the process of being unbundled, adding that three companies have been registered to carry out specific services under NIPOST mandate. The companies include transport and logistics, property development and banking.

According to him, the bank, which will be a bridge between commercial and micro finance bank, will operate at NIPOST branches and take banking services to the doorsteps of the masses. It will also support businesses at local levels across Nigeria.

He said the process of establishing the bank had begun, noting that it will progress as soon as COVID-19 lockdown is over.

He said NIPOST bank will promote financial inclusion as it will provide banking services in several areas which existing banks do not cover.

Source: https://thenationonlineng.net/nipost-bank-coming-soon/amp/

Front page: Lalasticlala

Do we really need it?
I don’t think so.

Nipost should face their transport and logistics.
They haven’t yet satisfactorily carry out the function they are meant for, now dabbling into another responsibility almost alien to it

That's cool and all but I'd like government to start mailing documents. There's no reason they cant deliver passports, driver's license, PVC etc. It's just weird NIPOST jumped into banking business but ignores this.

An organisation that is not efficient at posting mails can not be efficient at posting my money...

dawnomike:
An organisation that is not efficient at posting mails can not be efficient at posting my money...

You have said it all

dead on arrival.

What you guys are suppose to do, you didn't do. Every organisation wants to be cashing out. Letter wey I suppose Don recieve like 10years ago I no see am, na money una wan come post come my house. Taaaaaa!

Long overdue.

They have outlets more than some banks

Great! Nobody will say "I'm unbanked" any longer.

I will open akkant

I cannot entrust my money in their hands. Very incompetent lots. Ordinary letter from Ghana, I am still to get it, something sent in 2007.

Ok. All the best ahead.

Very good initiative.

Do this kinda initiative survive in Nigeria?

Hope they don't play politics with it and kill it naturally.

Good one

More jobs, that's the advantage my people

Azmanaty:
I cannot entrust my money in their hands. Very incompetent lots. Ordinary letter from Ghana, I am still to get it, something sent in 2007.

COVID-07 delayed the letter

helinues:
Long overdue.

They have outlets more than some banks

As opined by dawnomike
"An organisation that is not efficient at posting mails can not be efficient at posting money".

That is nice ideal, we are waiting.

Lol, when dem no fit locate person document even when tracking dey show sey e don reach their hands, dey wan com help me keep money, laff is laffing me.
Let them start with our National ID card, go liaise with NIMC, collect those uncollected cards, starts distributing it to each individual, you can even charge us a token of about ₦100-200 upon delivery, through cards or mobile lines.

It must be a joke

We have more than enough banks already

OlujobaSamuel:
Lol, when dem no fit locate person document even when tracking dey show sey e don reach their hands, dey wan com help me keep money, laff is laffing me.
Let them start with our National ID card, go liaise with NIMC, collect those uncollected cards, starts distributing it to each individual, you can even charge us a token of about ₦100-200 upon delivery, through cards or mobile lines.

Exactly this should be the first common sense step. Unfortunately common sense is not too common. The foolish agencies will be telling people to come collect their stuff like NIPOST doesn't exist. There's million of PVC's and thousands of drivers licenses uncollected.

Blue3k2:


Exactly this should be the first common sense step. Unfortunately common sense is not too common. The foolish agencies will be telling people to come collect their stuff like NIPOST doesn't exist. There's million of PVC's and thousands of drivers licenses uncollected.

No mind dem, I'm still trying to reason what banking services they plan to offer which is not yet offered by existing players