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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NNPCL SIGNS MOU TO STREAMLINE CONTRACTING PROCESS.(PHOTO)..

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NNPCL Signs MOU To Streamline Contracting Process

Nigerian National Petroleum Corporation (NNPC Ltd.) and the Nigerian Content Development and Monitoring Board (NCDMB) have signed a Memorandum of Understanding (MoU) with International Oil Companies (IOCs) to reduce the contracting cycle to a maximum of 180 working days.

The contract lifecycle is the process by which a contract is authored, reviewed, sent for signature, executed, and potentially renewed.

This, according to the corporation, is outlined in the Petroleum Industry Act (PIA).

Speaking at the signing ceremony, Mr. Mele Kyari, the Group Chief Executive Officer of NNPC Ltd, expressed his excitement about the agreement and emphasised that the event symbolised the corporation’s forward-thinking approach.

Mr. Kyari, represented by NNPC Ltd.’s Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan, underlined the significance of optimising the contracting process “in an industry that forms the backbone of Nigeria’s economy. Getting this process right s pivotal to steering the nation’s economy back on track“, he stated.

Engr. Simbi Wabote, the Executive Secretary of NCDMB, described the MoU signing as a crucial step forward in enhancing Nigeria’s crude oil production.

Representatives from IOCs, including Shell, ExxonMobil, Chevron, TotalEnergies, and ENI, voiced their commitment and support for the MoU’s implementation and pledged to ensure that all parties involved reap the benefits of the partnership.

Key benefits of the MOU
Key benefits of the framework in the MoU include a reduction of the contracting cycle for open competitive tender, selective tender, and single sourcing tender to 180, 178, and 128 working days, respectively, compared with the current best effort performance of 327, 333, and 185 working days, respectively.
 

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