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Auto dealers seek legislation to regulate vehicle importation

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•Says Police lack database for stolen vehicles
Association of Motor Dealers of Nigeria (AMDON), has urged the National Assembly to urgently pass a bill to regulate importation of cars to curtail rising incidence of stolen vehicles in the country.

AMDON President, Ajibola Adedoyin, while signing a Memorandum of Understanding with Autochek, expressed displeasure that the police do not have a database of stolen vehicles.
As a body, AMDON has collaborated with the Nigerian Police, the Economic and Financial Crimes Commission (EFCC), and other relevant agencies to further drive growth and structure in the automotive industry.

Adedoyin said: “We have been on this issue of regulation over five to six years. We have been trying to get the National Assembly to do the needful. We believe that with pressure, the National Assembly will do the needful by regulating the importation of foreign cars. Our business needs to be regulated to the extent that whoever is not a registered member cannot just display cars.

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“The importation should be for registered members so that if any car comes into this country and the government wants to find out about the car, they can trace it to a particular dealer. If this is achieved, this issue of stolen vehicles will be reduced drastically. We are working on the regulation and at the end of the day this thing we are fighting for will touch everybody.

“With the coming of Autochek, it gives us advantage to work with the police to have a database. I have made this presentation to the Inspector General of Police and we agreed to partner.”

He added that the partnership is geared towards delivering a digitised and enabling platform for vehicle dealers in Nigeria. Autochek through its technology solution would be working with AMDON to create a more sustainable and structured marketplace for cars in Nigeria. Through this partnership, AMDON members are introduced to a platform that combines technology and data to create a single marketplace for car sales, car loans and repairs in Nigeria.

He said the two bodies have come together to collectively enhance, promote, protect and foster partner prosperity for AMDON members and the creation of more jobs in the auto industry as a whole. He added that: “this, we are also providing value added services for customers as they can now access car loans through the Autochek platform to purchase cars.”

Chief Executive Officer, Autochek, Etop Ikpe, said: “Our mantra is Partner Prosperity, and partnering with AMDON allows us to drive this mantra at scale across all registered dealers in Nigeria. With this partnership, we expand the ecosystem available for sales for all dealers while also doing our part to reduce the fragmentation in the ecosystem as we bring finance partners and dealers together to provide consumer credit and drive automotive commerce.”

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In this article:
Ajibola AdedoyinAMDONEFCC
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