StockMarketWire.com - Westminster Group has become aware of speculation regarding its Nigerian franchise operation, Westminster Security Solutions Nigeria Ltd which is currently advertising for security personnel for posting in various states in Nigeria.

Westminster says it was not aware of any contracts having been awarded to WSSN but has been told this is proactive step on behalf of WSSN in readiness for potential private guarding contracts it is pursuing.

Westminster says that as part of recommendations by the Nigeria Security and Civil Defence Corps, a para-military agency which is responsible for issuing private guard company licences, before security guards can be employed PGCs are expected to:

- submit detailed personal history of persons aspiring to be recruited as security guards

- obtain court endorsement of the declared history

- obtain guarantors' statement

- train such persons in conjunction with the NSCDC

This can be a time consuming process and can amount to administrative bottleneck in the case where guards are required to be deployed to clients' facilities at short notice.

As a result, WSSN has decided to reserve a pool of persons who will have satisfied the above requirements ready for possible deployment.

Westminster says the advert was therefore a proactive step on behalf of WSSN in readiness for potential private guarding contracts it is pursuing.

Any equipment or training and related services required for such potential contracts would, under the terms of the franchise agreement with WSSN, be supplied through Westminster.


At 2:36pm: [LON:WSG] Westminster Group PLC share price was +2p at 29p



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