Labarai
Security firm to combat counterfeiting in Nigeria
Rootsearch Securities, an intelligence based security firm with specialty in counter-intelligence, surveillance, and background checks has partnered one of Nigeria’s leading commercial law firms in a bid to combat counterfeiting.
The partnership is in a bid to curb the rising menace of counterfeited products in the country.
In a statement issued on Friday, the security firm noted that it will carry out its activities around 2 geo-political zones in the country with particular focus on the south-east, where suspected counterfeiting cases have been recorded.
According to Rootsearch Managing Director, Mr Michael Temilade, “the partnership will help assist clients of the law firm ascertain the level of product counterfeiting, discover the ring of counterfeiters and ultimately shutdown their operations while working with Government security agencies.
“The clients in question are in the food and beverage sector, makers of cleaning agents, alcoholic beverages among others.”
The partnership comes at a time when businesses are losing billions of naira in revenue to parallel imported goods and counterfeited products.
In 2014, it will be recalled that the Standards Organisation of Nigeria (SON) raised an alarm over the growing rate of counterfeited products, stating that 40 per cent of goods in Nigeria are either substandard or counterfeit, causing more companies to get better involved in the fight against piracy.