Auto
Rush for Nigerian-Used Cars Spurs 22% Spike in Vehicle Inspection Requests
By Modupe Gbadeyanka
Foreign exchange (FX) volatility, rising inflation, and a decline in foreign-used cars, otherwise known as Tokunbo, has triggered a strong demand for Nigerian-used vehicles, leading to a 22 per cent increase in vehicle inspection requests, a new report by Cars45, a leading vehicle inspection and valuation auto tech company, has revealed.
In a report made available to Business Post on Wednesday, the firm observed that it notice this spike in the first quarter of 2025, suggesting a shift in Nigeria’s used car buyer behaviour, also indicating that a silent transformation is taking root in how Nigerians approach used vehicle or tokunbo purchases.
The trend points to a growing culture of caution among consumers, who now treat car buying as a high-stakes investment rather than a routine transaction.
The high cost of guesswork
With a weakened Naira and sharp fluctuations in import-related costs, buyers are no longer willing to rely solely on visual checks or seller claims.
Between January and March 2025, the Naira depreciated by an additional 3 per cent against the dollar.
Additionally, figures from the National Bureau of Statistics (NBS) show that used vehicle imports into Nigeria fell by 65 per cent year-on-year, further driving up prices due to constrained supply.
This has created an environment ripe for exploitation, with a rise in documented cases of sellers offloading flood-damaged or tampered vehicles at inflated prices.
“Every car should be treated like a potential investment. You wouldn’t buy land without a survey. Why buy a car without an inspection?” the Head of Technical Services at Cars45, Mr Damilola Ojurongbe, stated.
A more informed buyer is emerging
Traditionally, many buyers have depended on a mechanic’s glance or a test drive before closing a deal. Today, inspection requests increasingly involve diagnostic scans, flood and accident history reports, body panel reviews, and transmission and engine assessments, even for relatively lower-priced vehicles.
Industry observers attribute this shift to multiple factors:
FX-driven price sensitivity
With used car prices rising across the board, consumers are more cautious about making costly mistakes.
Digital fraud exposure
As online auto listings grow, so do scams. Verified inspection data from reliable platforms like Cars45 and Jiji offers some level of protection against seller misrepresentation.
Education and transparency
Auto-focused content from digital platforms and inspection firms is improving consumer awareness around vehicle health indicators.
Changing market expectations
A report by Researchgate.net shows that used vehicles make up about 85% of all cars imported into Nigeria, a statistic corroborated by local dealerships and independent marketplaces.
Cars45 market analysts predict that verified inspections could become standard in the transaction process, especially as platforms and dealers offering transparency gain a competitive advantage.
“There’s a visible shift from urgency to diligence. People want to know what they’re really paying for; and in today’s market, information is the most valuable asset,” Mr Damilola added.
Auto
Man Cools Off in EFCC Custody Over Alleged $320,000 Vehicle Import Fraud
By Modupe Gbadeyanka
A Nigerian-American identified as Mr Adegoke Oluwatobi Adams has been arrested by operatives of the Economic and Financial Crimes Commission (EFCC) in Ilorin, Kwara State, over his alleged link with cross-border vehicle import fraud of about $320,000 (approximately N434.88 million).
A statement from the EFCC disclosed that the suspect is being investigated for alleged criminal breach of trust and obtaining money by false pretence.
Preliminary investigations revealed that he allegedly belongs to a syndicate based in the United States that specialises in defrauding unsuspecting Nigerians under the guise of purchasing and importing vehicles from the US for them.
It was discovered that while residing in America, Mr Adams allegedly advertised and circulated photographs of a 2024 Mercedes-Benz G63 AMG to prospective buyers in Nigeria, promising to purchase and ship the luxury vehicle to them.
Findings revealed that two victims allegedly paid $320,000 for the vehicle. One of the victims, Ikechukwu Osita Ifeabunike, reportedly paid $145,000 through an intermediary, while another victim, Godson Azubuike Amans, allegedly paid $175,000 for the same vehicle.
Further investigation also uncovered a prior criminal record involving Mr Adams in the United States, allegedly related to the illegal acquisition of vehicles. In the long run, the suspect was arrested by operatives of the Ilorin Zonal Directorate of the EFCC upon his return to Nigeria.
Auto
Warri–Itakpe Train Derailment Leaves Passengers With Injuries
By Aduragbemi Omiyale
A few passengers on a Warri-Itakpe train were feared to have died on Monday in a derailment, which affected at least four coaches. Some of the passengers were also said to have suffered some degree of injury.
This was confirmed by the Nigerian Railway Corporation (NRC) in a statement today.
The unfortunate incident involved the Warri–Itakpe Train Service (WITS), the agency stated, though it did not confirm the number of human casualties.
However, it noted that emergency response teams and relevant authorities were at the scene attending to the situation and providing necessary assistance.
“The Nigerian Railway Corporation (NRC) confirms that an incident involving the Warri–Itakpe Train Service (WITS) occurred today.
“Emergency response teams and relevant authorities are currently at the scene attending to the situation and providing necessary assistance,” the chief executive of the organisation, Mr Kayode Opeifa, said in the statement.
“The corporation is closely monitoring developments and a detailed statement will be issued as soon as more information becomes available,” it added.
Auto
Shuttlers Hits 10 Million Trips, Expands Reach via Google Maps Transit
By Adedapo Adesanya
Nigerian mobility startup Shuttlers has surpassed 10 million trips on its platform and expanded its reach through an integration with Google Maps Transit in Nigeria, thereby strengthening access to public transportation information.
According to a statement on Monday, the milestones reflect the growing need for structured, shared mobility in urban Africa.
The 10-million-trip milestone coincides with Shuttlers’ 10th year of operations, marking a key point in its growth trajectory. Meanwhile, the Google Maps integration now allows users searching for transit directions on the platform to view Shuttlers’ routes and book seats directly through its system.
The partnership is expected to broaden access to reliable shared transportation options for businesses and professionals navigating major urban centres.
To achieve a Google Transit Partner status, Shuttlers aligned its data architecture, route systems, and real-time operational capabilities with Google’s partner infrastructure requirements.
Across the continent’s fastest-growing cities, formal public transport infrastructure faces significant pressure from rapid population growth, leaving millions of professionals dependent on fragmented and costly alternatives. According to the World Bank, African cities lose an estimated 2% to 5% of GDP annually to transport inefficiency.
Shuttlers currently serves 30,000 active users across more than 1,000 itineraries, operating more than 430 buses daily across Lagos, Abuja and Port Harcourt. Since launching in 2016, the platform said it has maintained a 99 per cent trip completion rate and a 99.94 per cent incident-free rate across its entire journey history.
The average Shuttlers commuter saves 60 per cent to 88 per cent on transport costs compared to ride-hailing services, and reclaims 8 to 12 hours from gridlock every month. In Lagos, the average commuter loses more than 30 hours a month to gridlock.
Speaking on this achievement, chief executive and co-founder of Shuttlers, Ms Damilola Olokesusi, shared, “We are incredibly proud of our integration into the Google Maps Transit system. This, alongside hitting 10 million journeys since launch, is a reflection of years of hard work. For millions of professionals, commuting is still unpredictable, exhausting and expensive.”
“We have spent the last 10 years building technology and operational infrastructure that makes daily transportation more dependable – for commuters, businesses that employ them, and the fleet operators who power our network,” she added.
On his part, Mr Olumide Balogun, Director for West Africa at Google, said: “We are pleased to welcome Shuttlers into the Google Transit ecosystem in Nigeria. Reliable transit information helps people navigate cities more confidently and efficiently. As more Nigerians adopt digital tools for everyday mobility, integrations like these help make trusted transportation easier to discover and access.”
Reiterated its commitment to sustainability, Shutters also disclosed that it is actively integrating Compressed Natural Gas (CNG) and electric buses into its fleet, reducing emissions by up to 60 per cent compared to traditional diesel alternatives.
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