ASSETS & FINANCIALS

Job Losses Loom At NIPOST

Job Losses Loom At NIPOSTThere are indications that some senior managers of the Nigerian Postal System will soon lose their jobs in a restructuring exercise aimed at repositioning the agency.

Sources said the exercise, which will also involve posting of some senior managers of NIPOST to other departments, would ensure effective control and loyalty to the Acting Postmaster-General/Chief Executive Officer of the agency, Mr. Richard Balami.

Other restructuring programmes, which have been in incubation for some time, include commercialisation and financial inclusion projects meant to enable NIPOST to provide some banking services to rural dwellers in collaboration with the Central Bank of Nigeria.

In a telephone interview with our correspondent, Balami confirmed that some restructuring would take place but could not confirm that some top management officers of NIPOST would lose their jobs.

He simply said, “That one, I don’t know.”

Balami became the acting postmaster-general in March when his predecessor was sacked in controversial circumstances following a disagreement with the Ministry of Communications over appointment of stamp duty agents.

Our correspondent learnt that the Minister of Communications, Mr. Adebayo Shittu, had recommended a candidate to President Muhammadu Buhari for appointment as the substantive Postmaster-General of the Federation, following a process of recruitment that threw the door open to both staff and non-staff members of NIPOST.

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