Regulatory Compliance Pushes Gokada to Appoint Regulatory and Government Affairs Director

Regulatory Compliance Pushes Gokada to Appoint Regulatory and Government Affairs Director

This is a very fascinating development – a motorcycle ride-hailing startup appointing a director for regulatory and government affairs. This explains that regulation and compliance must be elements in their business operations. Expect Max, SafeBode and Oride to follow along and appoint its own as they work to expand.

Nigeria-based motorcycle-hailing app,Gokada has appointed Kayode Adegbola as Director, Regulatory and Government Affairs. Adegbola is a lawyer and a member of one of the major political parties in the country. He was an Executive Assistant at the Lagos State Employment Trust Fund. The appointment is not only interesting but instructive given the opacity of government regulation. In March, the Lagos State Government seized bikes belonging to Gokada and MAX.ng, accusing them of traffic offences. Adegbola it appears will be addressing such issues and perhaps anticipating government regulation. There’s been an increase in the number of motorcycle-hailing startups in Lagos over the past few months. SafeBoda and Oride by Opera are the newest entrants. (Source: TC Daily Newsletter)

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