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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CBN DENIES ASKING BANKS TO ACCEPT OLD N500 AND N1000 NOTES.(PHOTO).#PRESS RELEASE

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CBN denies asking banks to accept old N500 and N1000



The Central Bank of Nigeria has denied authorizing the deposit banks to collect the old N500 and N1000 bank

notes.



Thus was contained in a statement by the Director of Corporate Communication of the apex bank Osita Nwanobi and copies made available to newsmen today in Abuja.


He reiterated that in line with President Muhammadu Buhari directives only the N200 notes will be re issued and circulated as legal tender until April 10, 2023.

 

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