Insecurity: Nigerians pay over N7 billion ransom to kidnappers in nine years - Report

Between the year 2011 and 2020, Nigerians paid at least $18.34 million as ransom to kidnappers, a report on the country’s kidnap industry shows.published early this month captures the kidnap cases that occurred from June 2011 to the end of March 2020 using data collected from the Armed Conflict Location and Event Data Project, the Council for Foreign Relations’ Nigeria Security Tracker, newspaper reports including PREMIUM TIMES, and SBM Intel’s own countrywide network of researchers.

“The sudden uptick in fatalities per attempt coincides with the increase in attacks by bandits on villages especially in Zamfara and Katsina states, a situation which has gradually extended to Kaduna and Niger states. These bandits have also been involved in kidnapping besides attacking villagers and travellers, or doing both at the same time.

Nigeria’s unemployment rate rose from 18.8 percent in the third quarter of 2017 to 23.1 percent in the third quarter of 2018. UN estimates for youth unemployment last year were above 20%. In the South, the persistent problems of unemployment meet with political patronage by politicians. “Three children were kidnapped following the attack, and there is no record of them being rescued. Kidnap syndicates who operate out of the North rely on big forests as their staging areas. For example, Rigasa and“With the economy set to enter into another recession as a result of the coronavirus pandemic, the government needs to be deliberate about addressing the country’s myriad problems – including the unemployment and insecurity issues that currently afflict a majority of Nigerians.

The unfortunate of it all, is the families of the victims that are paying such ransom.

How many trn does FG spend to tackle the insecurities and not yet a positive response

The Kidnap economy and economics.

iykimo Premium business!

If such amount is being pay as ransom to criminals, the money made for security in Nigeria should be share amongst her citizens no need paying for them since they have all fail in their respective fields

Evans collected over half of this money

I doubt the veracity of this.

When criminality becomes lucrative, it becomes a norm.

Imagine the financial clout and power in their possession.

This is a big business so many guys will join this business soon

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