LAGOS POLICE LAUNCH INVESTIGATION AS JEWELLER ACCUSES ITS OFFICERS OF HARASSMENT. (PHOTO).

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Lagos police launch investigation as jeweller  accuses its officers of harassment The Lagos State Police Command said it has commenced an investigation into a viral video of a jeweller accusing some policemen in the Festac area of the state of harassing him.  The command disclosed this in an X post on Saturday. The video, which circulated on X on Saturday morning, shows the businessman engaged in a struggle with some policemen. Later in the video, the businessman could be seen with a bloody face after allegedly sustaining a cut beside his right eye during the struggle with the police officers,  The jeweller later explained that the policemen from the Festac Division had stopped him for a routine search. He said the officers accused him of peddling drugs after finding a scale on him. “I went to deliver a necklace to someone when police officers stopped and searched me in Festac, Lagos. They found nothing on me but saw the scale I use to measure gold and accused me of using...
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GHANA REWRITES MINING LAWS TO SECURE LARGER SHARE OF GOLD REVENUES. (PHOTO).

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 Ghana rewrites mining laws to secure larger share of gold revenues


Ghana is preparing to overhaul its mining laws to secure a bigger share of revenues from soaring gold prices, with authorities saying the current framework no longer reflects market realities or national interests.


“What we have since 2014 is a policy that has not been reviewed,” Isaac Andrews Tandoh, acting chief executive officer of the Minerals Commission, told AFP. “We had to do something to bridge this gap.”


The planned reforms would revise a mining code that regulators say offers foreign mining companies favourable tax and royalty terms, leaving the state with a limited stake in a sector that remains central to Ghana’s economy.


The west African nation says it is seeking tighter control over its natural resources as global demand for gold and other critical minerals continues to rise, following similar moves by countries including the Democratic Republic of Congo, Mali and Tanzania.


Climbing gold prices


Gold prices have surged sharply, jumping more than 65 percent in 2025 and climbing to record highs of $5,500.


Ghana, the world’s sixth-largest gold producer, relies heavily on foreign firms for production, including US-based Newmont, South Africa’s Gold Fields and AngloGold Ashanti, and Australia’s Perseus Mining.


Under proposed reforms expected to be presented to parliament by March, mining royalties would increase from the current three to five percent range to between nine and 12 percent, depending on global gold prices, Tandoh said.


Ghana’s mining agreements typically lock in fiscal terms for between five and 15 years in exchange for large-scale investments that can exceed $500 million to develop or expand mines.

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