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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CYBER SECURITY LEVY: TINUBU GOVT ONLY INTERESTED IN MILKING A DYING ECONOMY- PETER OBI. (PHOTO).

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 Cybersecurity levy: Tinubu govt only interested in milking a dying economy – Peter Obi

Former presidential candidate of the Labour Party, LP, Mr Peter Obi, has slammed President Bola Tinubu’s government for the imposition of the cybersecurity levy on Nigerians.


He said the government was interested in milking a dying economy instead of nurturing it to recovery and growth.


Obi accused the government of coming up with policies that not only impoverish the citizens but also make the country’s economic environment less competitive.


According to him, the imposition of a Cybersecurity Levy on Nigerians will further erode whatever is left of their remaining capital after the impact of the Naira devaluation and high inflation rate.


In a post on his X handle on Wednesday, Obi questioned when the office of the National Security Adviser, NSA, has become a revenue collecting centre.


The former Anambra State governor said it was unthinkable to expect the suffering citizens of Nigeria to separately fund all activities of the government.


He said: “The introduction of yet another tax, in the form of Cybersecurity Levy, on Nigerians who are already suffering severe economic distress is further proof that the government is more interested in milking a dying economy instead of nurturing it to recovery and growth.


“This does not only amount to multiple taxation on banking transactions, which are already subject to various other taxes including stamp duties but negates the Government’s avowed commitment to reduce the number of taxes and streamline the tax system.


“The imposition of a Cybersecurity Levy on bank transactions is particularly sad given that the tax is on the trading capital of businesses and not on their profit hence will further erode whatever is left of their remaining capital, after the impact of the Naira devaluation and high inflation rate.


“It is inconceivable to expect the suffering citizens of Nigeria to separately fund all activities of the government. Policies such as this not only impoverish the citizens but make the country’s economic environment less competitive.


“At a time when the government should be reducing taxes to curb inflation, the government is instead introducing new taxes. And when did the office of the NSA become a revenue collecting centre?


“And why should that purely national security office receive returns on a specific tax as stated in the new cybersecurity law?”

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