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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UN CHIEF WARNS OF UNREST DUE TO FAILURE TO GRANT AFRICA DEBT RELIEF. (PHOTO).

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 UN chief warns of unrest due to failure to grant Africa debt relief


African countries' inadequate access to debt relief is a recipe for social unrest, United Nations Secretary-General Antonio Guterres said on Thursday, proposing fresh reforms to the international financial architecture, TRT Afrika reported.


A growing debt crisis across the one billion-strong continent has seen a conflagration of civil unrest in recent months, after protests in Kenya, where police clashed with demonstrators rallying against proposed tax hikes. There were similar demonstrations in Nigeria and Uganda over the cost of living.


African nations have been seeking to restructure their debts through a rework architecture designed by the G20 called the 'Common Framework,' but the scheme did not as expected expedite talks between a myriad of leaders from Chinese state-owned banks to London-based asset managers and New York banks.


Zambia in June became the first country to successfully restructure its debt through the scheme, more than three years after it defaulted on its loans.


Guterres told a major China-Africa cooperation summit in Beijing that Africa's debt "situation is unsustainable and a recipe for social unrest".


"They have no access to effective debt relief, scarce resources, and clearly insufficient concessional funding to respond to the basic needs of their population," he said.


Guterres proposed "deep reforms to the outdated, ineffective and unfair international financial architecture" and further stimulus "to provide developing countries with the liquidity they need while seeking medium- and long-term solutions."


Beijing, the world's biggest bilateral lender, is hosting 50 African nations for the ninth Forum on China-Africa Cooperation Summit this week, at which China's President Xi Jinping pledged 360 billion yuan ($50.70 billion) in fresh financing to the continent over the next three years.


China approved loans worth $4.61 billion to Africa last year, the first annual increase since 2016.


Guterres said China's initiatives across Africa could drive a "renewable energy revolution" and "be a catalyst for key transitions on food systems and digital connectivity."

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