Tuesday, 18 February 2025
PORTABLE'S DESPERATE PLEA: I'm Not a Criminal, I'm a Mad Man!
Monday, 13 May 2024
Inside the Scam: How Underage Boys Obtain Accounts and Licences for Fraud
The Economic and Financial Crimes Commission (EFCC) has disclosed that underage boys involved in internet fraud, commonly known as 'Yahoo Yahoo,' utilize age declarations to open bank accounts and obtain driver's licenses to facilitate the expenditure of their ill-gotten gains. The EFCC has pledged to pursue government agencies and individuals responsible for issuing fraudulent documents for these deceptive age declarations.
During a courtesy visit to the Edo State Council of the Nigeria Union of Journalists (NUJ) in Benin City, Effa Okim, the Zonal Director of the EFCC for Edo, Delta, and Ondo states, shared this information. He also revealed that despite its smaller size, Edo State ranks second only to Lagos in terms of convictions.
Okim expressed concern about the prevalence of 'Yahoo Yahoo' activities on the streets, describing it as disturbing and detrimental to the reputation of Edo State. He highlighted cases where underage boys are sentenced to jail, despite being legally exempt from such punishment due to their age. Okim explained that these individuals collude with certain authorities to obtain fraudulent age declarations, falsely claiming to be 18 years old, in order to open bank accounts and establish their criminal enterprises. However, when apprehended, their parents often assert that their children are underage, raising questions about their involvement in document forgery and their awareness of their children's irresponsible spending.
The EFCC is committed to collaborating with the media to reduce the visibility of crime in society, aligning with its mandate and vision. Festus Alenkhe, in response, urged the new zonal director to maintain an open-door policy and ensure the availability of information to journalists.
Beef Prices Soar: Nigerians Adapt to Smaller Portions
The economic challenges faced by Nigerians have led to changes in the availability and pricing of beef, a staple in their meals. Vanguard News reports that consumers are feeling the impact of the increasing prices of goods and services, including food items like beef, which has also decreased in quantity. As a result, many people have stopped patronizing food vendors. The report highlights that both restaurants and street food vendors have resorted to cutting beef into smaller pieces while maintaining the same cost. Previously, larger portions of beef were sold for prices ranging from N50 to N200, but now the same amount is diced into smaller pieces and sold at the same price.
The objective behind this strategy is to sustain their businesses and retain customers who still enjoy having beef with their meals. Mrs. Banks Smart, a food vendor, explains that she used to sell large portions of beef for N100, but now the same size costs N200 due to the high cost of meat and the decrease in quantity. As a result, vendors have started integrating the diced beef into the rice, selling the combination for N500 per portion instead of selling rice and meat separately. This adjustment reflects the challenging economic climate where the price of food items increases daily.
The rising prices of beef are corroborated by the National Bureau of Statistics (NBS), which reported a significant increase in the average price of 1 kilogram of boneless beef. According to the NBS Selected Food Prices Watch for March 2024, the average price rose by 73.78% on a year-on-year basis, from N2,479.61 in March 2023 to N4,309.16 in March 2024. On a month-on-month basis, the average price increased by 17.91% from N3,654.56 in February 2024.
These economic challenges have not only affected food vendors but also various sectors of the economy. The increase in beef prices is attributed to factors such as the high cost of meat, decreased supply, and rising transportation costs due to the increase in petrol prices. The situation has left vendors and consumers grappling with higher expenses and reduced purchasing power, highlighting the impact of the economic downturn on everyday life in Nigeria.
Thursday, 26 October 2023
RCCG Pastor and Gandhi removed from position as Soun of Ogbomoso by court ruling
Thursday, 19 October 2023
Strategies for Coping with a Stingy Partner
Saturday, 14 October 2023
Drama Unfolds as Davido Accuses Samklef of Leaking Video of His Newborn Twins
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Navigating the Complexities of Infidelity: Exploring Different Perspectives
Thursday, 12 October 2023
Exploring the Duration of Engagement: How Long Should It Last?
Tuesday, 10 October 2023
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Sunday, 8 October 2023
Incompatible Paths: Navigating the Christian Heaven and the Rules of Idol Worshipers
Saturday, 7 October 2023
Federal Government Grants Licenses to 11 New Independent Electricity Distribution Network Operators
FG suspends N-Power program, launches investigation into fund disbursement
Lawyer Alleges Physical Assault and Death Threats by DSS Officers for Defending Client
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Thursday, 5 October 2023
An answer to a question: If police come to your home and ask you to step outside, do they have the right to arrest you if they don’t what the charges are or put handcuffs on you
Did You Know? Bluetooth’s Name Comes from a 1,000-Year-Old King with a Blue Tooth
Bluetooth, the widely used wireless technology that allows devices to connect and share data over short distances, has a fascina...