VIO Creating Artificial Scarcity, Selling N56,000 Number Plates For N120,000 : Report

VIO Creating Artificial Scarcity, Selling N56,000 Number Plates For N120,000 : Report

VIO developing synthetic shortage, offering N56,000 number plates for N120,000, Saturday PUNCH exposes.

VIO Creating Artificial Scarcity, Selling N56,000 Number Plates For N120,000: Report - autojosh

The Directorate of Road Traffic Services, commonly referred to as Vehicle Inspection Office (VIO) is offering “reveal” and “premium” car registration plates (number plates) in between N100,000 and N120,000, according to Saturday PUNCH

Saturday PUNCH found out that the outrageous cost was charged under the guise that the number plates were not available.

A vehicle driver who was asked to spend N120,000 as versus the main N56,000 rate informed Saturday PUNCH how the VIO developed a synthetic shortage to increase the cost.

“I have actually been attempting to get the number, however I was informed by VIO that it is N120k versus the main N56k cost. They got a brand-new stock last Thursday, however the plates are not offered. They are producing synthetic deficiency so they can continue to cost 120k”, he stated.

When Punch connected to an officer in the VIO under the guise of urgently requiring a plate number, the officer stated there were no plate numbers, however that he might get an “reveal” number in 2 days from the Director’s workplace for the treked amount.

“No plate numbers in the meantime. It will be till next week when they bring a brand-new order. The plates are in between N56,000 and 58,000 for a saloon cars and truck. If you desire it reveal from the Director’s workplace, you will pay in between N100,000 and N120,000. I will go and choose it up for you within 2 days, you comprehend?

“So, think of it. If you do not require it urgently, then you can simply wait till we restock, and I’ll let you understand. The one from the Director’s workplace is by slot. It depends on if you can pay that quantity. If you can’t, simply wait till next week”, the Officer stated.

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