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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UPDATE: RESOLUTE CEO STILL HELD IN MALI, DIPLOMATIC SOURCES SAYS, AS SHARES SUSPENDED. (PHOTO).

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 Resolute CEO still held in Mali, diplomatic sources say, as shares suspended


Resolute Mining, opens new tab CEO Terence Holohan and two other employees of the Australian company were still being detained in Mali on Thursday, two diplomatic sources there told Reuters.


Resolute said on Sunday that Holohan and the two other employees had been temporarily detained by government officials in the military-led West African country.


It has not provided any further update on the situation.


The executives were in Mali's capital Bamako to hold discussions with mining and tax authorities regarding general activities related to the company's business practices.


Resolute's shares fell as much as 8.1% to A$0.395 on Thursday, their lowest level since late March, after Bloomberg reported that the Malian military junta was seeking at least $161 million from the company to settle a dispute mainly concerning alleged back taxes.


Trading in Resolute shares was halted on the Australian Stock Exchange and the company said in a filing it "will provide further updates as and when appropriate".


In its statement on Sunday, Resolute said that the three executives had been discussing "unsubstantiated" claims made against the company during their meeting with the authorities.


Mali's junta adopted a new mining code in August 2023 allowing the country to increase its ownership of gold concessions and recoup what it said is a major shortfall in production revenue.


The move has strained relations with major gold mining conglomerates operating in Mali, which in addition to Resolute include Barrick Gold (ABX.TO), the world's second gold miner, and Canadian rival B2Gold.


Authorities in September briefly detained four Malian staff working for Barrick and have demanded at least $500 million in outstanding taxes and dividends. The two parties are in talks.

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