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...

CHINA BILLIONAIRE BUSINESSMAN DECLARED MISSING. (PHOTO).


Billionaire businessman declared missing

17 February 2023 

One of China's most high-profile investment bankers has gone missing, his company has reported.

Bao Fan, the chief executive of China Renaissance Holdings, had not been able to be reached in recent days, the firm said in a market update on Thursday.

Mr Bao is a leading dealbroker in China whose clients include top tech companies Didi and Meituan.

His firm's announcement has renewed concerns of a potential Beijing crackdown on business and tech leaders.

Shares in China Renaissance plunged in Hong Kong trading on Friday, after the company's notice to the stock market said it had "been unable to contact Mr Bao Fan".

It added it was not aware of "any information that indicates that Mr Bao's unavailability is or might be related to the business and/or operations of the group".

The company did not specify how long Mr Bao had been missing. Chinese business newswire Caixin cited sources saying staff had not been able to contact him for two days.
Mr Bao, who is both the chairman and chief executive, founded China Renaissance in 2005 as a boutique advisory investment firm. It has since grown into one of China's top financial institutions - executing business deals and mergers between several of the country's tech companies.

The major bank has served as an advisor for the initial public offerings of JD.com and Kuashou, as well as Didi's listing at the New York Stock Exchange in 2021. 



 

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