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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NAIRA REDESIGN: SQUEEZE,SPRAY NOTES, FACE WRATH OF LAW- CBN.(PHOTO).

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Naira redesign: Squeeze, spray notes, face wrath of law — CBN



The Central Bank of Nigeria has reemphasised the need for Nigerians to handle the new naira notes with dignity as strict consequences await those mishandling the currency.

Speaking at a sensitisation, enlightenment and bank fair programme held in Osogbo, Osun state on Thursday, ahead of the introduction of the redesign notes, the CBN’s Director of Corporate Communications, Mr, Osita Nwanisobi, said the naira is a symbol of national pride and must be handle with care.

Represented by Akpama Uket, he said there are damning consequences for those who handle the Naira without dignity.According to him, “The Naira remains a symbol of our national pride which must be treated with utmost dignity. I, therefore urged you not to spray, squeeze, or counterfeit the Naira, as default goes with serious consequences.

“As you all may be aware, the Central Bank of Nigeria, riding on international best practice and Section 2 (b) of the CBN Act 2007, which stipulates currency management as one of its key functions, has announced the plan to redesign, produce, release, and circulate the new series of three banknotes, out of the existing eight banknotes, comprising N200, N500, and N1000 denominations, respectively, effective 15th December 2022; after its launch by President Muhammadu Buhari.”

On the various successful intervention of the financial institution, Nwanisobi said; “some of the Bank’s interventions which have recorded significant successes in providing the needed support for businesses to grow include the Anchor Borrowers Programme (ABP); the Micro, Small and Medium Enterprises Development Fund (MSMEDF), which has supported entrepreneurship development with over N39.26 million.

“The Real Sector Support Facility (RSSF) through Differentiated Cash Reserve Ratio (DCRR), where disbursements to 426 projects across the country stood at N2.10 trillion as at September 2022; and the 100 for 100 Policy on Production and Productivity (PPP) with cumulative disbursement of N93.39 billion to 62 projects within the aforementioned period. Others include the Tertiary Institutions Entrepreneurship Scheme (TIES), which has recorded total disbursement of N332.43 million; the Healthcare Sector Intervention Facility (HSIF) with cumulative disbursement of N130.54 billion for 131 projects, comprising 32 pharmaceuticals, 60 hospitals, and 39 other services,” Nwanisobi said.

Earlier in her address, the CBN Branch controller, Osogbo Mrs Daphne Madojemu, represented by Anthony Okoro, said the programme aimed to sensitise Nigerians on the activities of the Bank in promoting the country’s economic stability.

“This year’s CBN Fair was unique because it was informative and well articulated on all the bank’s policies especially on the newly introduced electronic Naira and the plan to redesign some of the bank’s notes,” she said. (Vanguard)


 

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