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...
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NIGERIAN TELECOMMUNICATION MINISTER,ADVISED MTN TODAY TO DROP IT'S LEGAL ACTION OVER THE $3.9 BILLION FINE.

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                            Nigerian telecommunication minister Adebayo Shittusaid today tuesday that South African telecommunication company MTN should drop its legal action over a $3.9 billion fine imposed in Nigeria to help facilitate talks on a possible settlement.The Nigerian Communications Commission {NCC} slapped a $5.2 billion fine on MTN in October 2015 for failing to disconnect users with unregistered SIM cards but after weeks of negotiations reduced it by 25 percent.MTN,which makes about 37 percent of its revenue from Nigeria,then filed a suit in Nigeria,questioning NCC's legal grounds for imposing the penalty.Adeboyo Shittu said ''I'm not aware of any out of the court settlement.President Muhammadu Buhari will have the final decision on the matter,adding that MTN might be advised to withdraw the court case filed against the fine.If they withdraw it creates a better environment,an environment where there is no stress or pressure on eith side''.A judge in Lagos last week gave the company until March 18 to try to reach a settlement with the Nigerian authorities over the fine.Ihe prospect of a lower fine boosted MTN shares.The fine equates to more than twice MTN's annual average capital spending over the past five years.One more photo below.                                                                                                                                                 

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