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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LAGOS STATE EXECUTIVE COUNCIL APPROVED TODAY,THE RESTRUCTURING OF LEKKI CONCESSION COMPANY LOAN FACILITY.

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                          The Lagos State Executive Council today wednesday approved the restructuring of the Lekki Concession Company {LCC} Loan facility provided by local and international lenders.The State Government in a statement issued by the Commissioner for Information and Strategy,Mr Steve Ayorinde,said that it has paid a total of N9.8 billion in full and final settlement of LCC's indebtedness to its international lender,which granted a 21.16 per cent haircut {reduction} on the State.He said as a result,a sum of N3.15 billion was saved.The Commissioner said that in addition,local lenders,whose interest rate was 18.5 per cent at the Consummation of the facility.offered a 12 per cent haircut and also fully paid with a restructured loan at 13.5 percent,thereby creating a savings of N8.7 billion for the Government.Ayorinde also reiterated the State Government's commitment to continue to deploy appropriate public finance management principles to ensure adequate provision of infrastructure to all Lagosians.In a related development,the State's Commissioner for Finance,Dr Mustapha Akinkunmi,urged citizens to continue to pay their taxes as at when due,since according to him,more facilities are being provided by government through the tax payers obligation to government.One more photo below.                                                                                                                                        

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