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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OLD NAIRA NOTES: SUPREME COURT'S POSITION REMAINS VALID - LAGOS ATTORNEY-GENERAL .(PHOTO).#PRESS RELEASE

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SUPREME COURT'S POSITION REMAINS VALID - LAGOS ATTORNEY-GENERAL  


Lagos State Attorney-General and Commissioner for Justice, Mr. Moyosore Onigbanjo (SAN) has joined the debate, saying the rejection of the old notes is contrary to the Supreme Court's stand. 


Onigbanjo stated this when he appeared on TVC Business Show, adding that petrol stations, banks and others who reject the old notes could be prosecuted.  


 The Senior Advocate decried the lingering naira scarcity in the land and the high charges by Point-of-Sales operators that have fostered untold hardship on Nigerians. 



He noted that people who are hungry and have their means of livelihood eroded cannot care about any macro-economic policy or its short or long-term gain. 

The Attorney-General said: “There is a contract between a customer and a bank that says when you bring your money to us you can have it back on demand. Any bank that refuses to give the money on demand has violated the terms and conditions of that contract and can be sued. I will advise Lagosians who have experienced suffering and injury as a result of the situation to press charges”. 



In the Commissioner’s view, it is ridiculous that Nigerians are buying their own money. “Even the producers of goods and services are losing money due to the scarcity of new notes to purchase their products easily”, he said.  

On his legal perspective on the recent Supreme Court ruling, the AG noted that though President Muhamadu Buhari has enormous powers, he cannot repeal the order of the Supreme Court or any other court in the country. 



President Muhamadu Buhari announced this morning that the CBN would allow banks to circulate the old N200 notes until April 10. 



This is contrary to the Supreme Court’s position that the old and new notes should co-exist until the substantive matter, which will be heard on February 22, is heard.



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