OVER 25 MILLION PHONES STOLEN IN ONE YEAR- FG. (PHOTO).

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 Over 25 million phones stolen in one year – FG The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the most common type of crime within the period under review. The report read, “The number of crimes experienced by individuals in Nigeria was analysed over a period of time. The results show that theft of phones (25,354,417) was the most common crime experienced by individuals, followed by consumer fraud (12,107,210) and assault (8,453,258). However, hijacking of cars (333,349) was the least crime experienced by individuals within the reference period.” It also noted that most phone theft cases occurred either at home or in a public place, and about 90 per cent of such cases were reported to the police. Despite the high rate of the incident being reported, only about 11.7 per cent of t...

THE PETROLEUM INDUSTRY BILL,WAS PASSED TODAY BY THE HOUSE OF REPRESENTATIVES.

National Assembly                    Today thursday,the House of Representatives passed the lingering Petroleum Industry Bill {PIB}.The House after considering an Ad hoc committee report on 312 sections and 438 clauses,unanimously passed the bill into law.Chairman of the Ad hoc committee on OIB,Rep.Ishiaku Bawa {PDP Taraba} submitted the report of the committee's assignment to the House in March 2015.The committee had scrutinised the sections and annexure of the original bill and made some amendments and recommendations.The public hearings also conducted by the 23 member Ad hoc committee in all the geo political zones provided opportunities for stakeholders to make their contributions to the bill.The bill which covered salient areas in the petroleum industry,is to ensure the establishment of the Petroleum Equalisation Fund and Incorporation of National Gas Company.Others are the establishment of the Petroleum Directorate and National Asset Management Company,as well as the imposition of new tax regime such as Nigeria Carbon Tax.The committee,in its report ,recommended the removal of section 191 of the bill,which gave the president discretionary powers to grant petroleum licences.Other amended areas includef section 174,which recommended that 30% of Nigerian National Petroleum Corporation {NNPC} shares be sold through public offers at the Nigerian Stock Exchange {NSE}.

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