Firm unveils vehicle database to boost transparency in sales, ownership of automobile

To address problems surrounding the true history of a vehicle and prevent its unauthorised sale or transfer of ownership in Nigeria, a new platform known as Vehicle Use has been launched. The new vehicle database system, which was unveiled recently in the country, will leverage the latest technology in the global automobile security industry to […]

To address problems surrounding the true history of a vehicle and prevent its unauthorised sale or transfer of ownership in Nigeria, a new platform known as Vehicle Use has been launched.

The new vehicle database system, which was unveiled recently in the country, will leverage the latest technology in the global automobile security industry to present accurate data and status of a vehicle in real time to all those who require such information.

According to the Founder of VehicleCheck, an international car database company based in Canberra, Australia, Mr Idowu Banjo, the new product will also ensure that affected parties get due compensation in cases of accidents caused by errant vehicles whose owners are unknown.

He said that apart from ensuring that members of the public and especially law enforcement agencies have accurate information they need about a vehicle and its ownership at every point in time, Vehicle Use will help protect car buyers, sellers, renters and private owners from any fraudulent transaction.

In a statement announcing the company’s latest product, Banjo said, “Our online application lets you register your vehicle free of charge under various categories such as leased, contracted, official, commercial, and rental, among others. This is to ensure that people are stopped from selling your vehicle without your permission.
“This online application that is connected to a community database will assist Nigerians and others worldwide in understanding how a car has been used before buying it.
“For instance, if a car owned by a dealer or company gets stolen and someone attempts to sell it, a buyer can look it up on vehicleuse.com. It will reveal which company owns the vehicle and provide details on how the car has been used, along with the company name that registered it.
“This way, the buyer can check if the company knows about the sale before making any payments. If you feel uneasy about paying the seller, you can approach the company directly to make the payment. The company will then log on to vehicleuse.com to change the vehicle’s status to private; otherwise, the buyer won’t be able to officially transfer the vehicle into their name.
“Also, if you buy a car from a dealer and have only made a partial payment, the dealer will list the vehicle on vehicleuse.com as under contract. You won’t be able to sell the car until the remaining amount is paid. After that, the dealer will access our platform to update the status to private.
“These and more benefits are what Vehicle Use is offering the Nigerian market, and we are excited because this will truly entrench a system of justice and fairness in the country in terms of vehicle usage and administration.”
Nigeria, Africa’s most populous country, has grappled with poor or non-existent data on vehicle information thereby causing all manner of problems for users and sellers.
Banjo is optimistic that his company’s new system will help curb many of the problems related with vehicle usage in the country.