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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NNPC SHOULD BE AUDITED, PRESIDENT SHOULDN'T BE PETROLEUM MINISTER- SANUSI. (PHOTO).

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NNPC should be audited, President shouldn’t be petroleum minister – Sanusi

Former emir of Kano, Muhammadu Sanusi II,
has called for the audit of the Nigerian National Petroleum Company Limited.

Sanusi made this known while speaking at the Bank Directors’ Association of Nigeria conference, in Abuja.

He said the country needs to beam the searchlight on NNPC in the areas of revenue generation and oil production.

Sanusi said, “The finance minister can not tell you because he doesn’t have a metering system that reports to him.

“The finance minister can not tell you that today, this is how many barrels of oil that we produce and export here. He can only rely on NNPC telling him. Those barrels are revenue; they belong to finance. We have been talking about this for 10 years. We need a metering system.

“The finance ministry needs to know how much oil we are producing everyday, selling, and where the money is going.”

Sanusi said if the leakages are not fixed in the system — the dollar revenue issue — the exchange rate problem will not be fixed.

“Oil is not going to grow our GDP, I have always said that. If you took out all the oil in Nigeria today and sold it, it would raise our per capital income to maybe $4,000,” he said.

He added that oil will ‘never enrich’ the country, describing it as a working capital for an import-dependent economy.

He said the country can not afford to continue producing oil and not receive revenue in return.

“We are no longer paying subsidy, so where are the dollars? Before it was under recovery, now we do not have underestimate. Where is the money?” he asked.

Sanusi further said petroleum exploration licences given to unworthy players should be revoked for maximum revenue.

He also said the country would earn more revenue by moving to alternative energy.

Sanusi also said Nigeria should have a petroleum minister and the president of the country should not occupy the office.

He said, “Let me advise that the idea of the president being petroleum minister. The last president was minister of petroleum for eight years.

“When I was governor of CBN, we had a petroleum minister. So, when we talk about NNPC, I could attack Diezani, now nobody can talk about petroleum because in 8 years if you talk, you are attacking the president.”

He said a minister who is to be held accountable should be in the office.

 

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