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...

FG REVOKES 924 DORMANT MINING LICENSES.(PHOTO).#PRESS RELEASE.


 PRESS RELEASE


 FG REVOKES 924 DORMANT MINING LICENSES



* _Give Defaulters Option of Fine within 30 days_ 


In furtherance of efforts to sanitise the mining sector, the Federal Government has revoked 924 dormant licenses spanning exploration, mining, small-scale mining, and quarrying Licenses


Making the announcement on Wednesday at a press conference, the Minister of Solid Minerals Development, Dr. Dele Alake declared that in line with constitutional provisions, adequate notice was given to all concerned parties through the official Gazette of the Federal Republic of Nigeria, No. 227, which was published on December 27, 2023.


" The notice gave all concerned parties 30 days to regularise their status, including clarifications on what caused the license to be dormant. Thus, although a total of 963 licensees were published and notified of the threat of revocation, no fewer that 39 either moved to site immediately or convinced the authorities of the challenges hindering their operations", the Minister asserted. 


In view of the foregoing, Dr. Alake affirmed the revocation of 928 dormant licenses, which include 528 exploration licenses; 20 mining leases; 101 quarry licenses, and 273 Small Scale Mining Licenses (SSML).


Speaking further, the Minister stated that the action followed due process and fair consideration whilst it underscores the commitment of the Federal Government to implement the standard policy of "Use it or Lose it" as enshrined in mining guidelines.


According to Dr. Alake, "Investors across the globe are now free to apply for any of the affected Cadastral Units on the basis of "first come, first served. " It is our belief that this decision will sanitise the licensing system by penalising those who have commercialised the opportunities offered by the sector into a bazaar. " 


Noting that the revocation is not meant to be punitive, the Minister announced an opportunity for affected licensees to make restitution, imposing fines for different categories of revoked licenses, stressing that this also applies to the 1,633 titles revoked last year for default in payment of annual service fees. 


" For revoked Mining Licenses, a fine of N10m applies; N7.5m for Small Scale Mining License (SSML) while N5m for Exploration License (EL). They will be required to make the payments within 30 days to qualify for consideration, "Alake emphasised.


The Minister warned that henceforth, the Federal Government will not tolerate the nefarious activities of license racketeering or those that obtain licenses for speculation in order to offer them to the highest bidder. 


" A good lesson from this exercise is for investors to do their homework and be ready to flag off their projects as soon as they obtain licenses. Nigeria is open for business, and we shall encourage smart, serious, and adventurous investors to set up and provide jobs to our teeming youths, "Alake added.


 *Segun Tomori* 


Special Assistant on Media

Honourable Minister of Solid Minerals Development.


24th April, 2024.

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