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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INDIA PLEDGED OVER Rs. 6,300 CRORE IN FINANCIAL SUPPORT TO HELP THE MALDIVES TACKLE IT FOREIGN EXCHANGE CRISIS. (PHOTO).

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 India has pledged over Rs. 6,300 crore in financial support to help the Maldives tackle its foreign exchange crisis. 

The decision came after a meeting between Maldivian President Mohamed Muizzu and Indian Prime Minister Narendra Modi. The financial package includes a $400 million or Rs. 3320 crore (approx) currency swap and 230 billion under the INR swap window, aimed at stabilizing the Maldivian economy. The two leaders also discussed expanding economic ties and maritime security cooperation, unveiling a new vision document to boost trade, defense, and surveillance in the region.


Prime Minister Modi emphasized India’s strong commitment to the Maldives, referring to the island nation as India’s “closest neighbour and steadfast friend.” This support marks a shift in relations between the two countries, as ties had previously cooled under President Muizzu’s earlier stance of reducing dependence on India in favor of China. However, Muizzu recognized India’s crucial role in assisting his country during tough times, particularly highlighting the new currency swap as essential for economic stability.


In addition to financial aid, the two leaders launched India’s RuPay card in the Maldives to encourage tourism and inaugurated a new runway at Hanimaadhoo international airport, built with Indian credit worth $132 million or Rs. 1095 crore(approx) India also handed over 700 housing units constructed with Indian support. These projects are part of a broader effort to deepen economic collaboration between the two nations. 

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