A report by SB Morgan Intelligence has revealed that between July 2022 and June 2023, 3,620 people were abducted in over 582 kidnapping incidents in the country, with a reported ransom demand of at least N5 billion and an actual ransom payment of over N302 million, a figure that could be higher due to underreporting.
The report entitled, “The Economics of Nigeria’s Kidnap Industry: Follow the Money,” was released on Wednesday, August 23.
The reported noted that civilians bear the brunt of this horrifying trend, accounting for 430 fatalities. Security agents and kidnappers themselves suffered 19 and 121 deaths, respectively. The inability of security agencies to effectively curb this menace is evident, as even the killing of kidnappers has not deterred potential abductors.
The SB Morgan Intelligence report delves into the harrowing statistics, motivations, and complexities of the growing epidemic. The report unveils a striking correlation between Nigeria’s struggling economy, rising inflation, and soaring unemployment rates and the exponential growth of the kidnap-for-ransom industry.
“Between July 2022 and June 2023, 3,620 people were abducted in 582 kidnap-related incidents in the country, with a reported ransom demand of at least N5 billion and actual ransom payments of N302 million. However, this figure could be higher due to underreporting.
“Kidnap dynamics differ between individual and community cases, with less secrecy in larger-scale abductions. In some instances, kidnappers opt for non-monetary ransom, like foodstuff. Notably, the Northwest and Northcentral regions exhibit higher in-kind cases of ransom demands, correlating with Nigeria’s widespread poverty. Additionally, these regions have seen a surge in demands for motorcycles as part of ransom payments,” the report said in part.
It further noted that Catholic priests, previously targeted for their ransom value, encountered 21 abductions during this period.
It further delves into the geographic nuances of kidnapping, identifying Edo State as a state with high ransom demands but minimal returns. Taraba State, however, stands out for high ransom payments, though these numbers stem largely from a single incident. Zamfara, Kaduna, and Niger states were identified as hotspots for kidnapping, often involving mass community abductions. In contrast, Borno recorded minimal deaths, likely due to the sophistication of Boko Haram’s tactics.
It added, “Kaduna was the most dangerous state for priests, who were often kidnapped during services. Abductors demanded around N50 million in the past, but the Church now refrains from disclosing ransom negotiations possibly to avoid encouraging further attacks. Statewise, Edo kidnappers sought high ransoms but received little. On the other hand, Taraba paid the most, primarily due to a single case.
“The Northcentral saw higher ransom amounts demanded, notably in Nasarawa, where targeted abductions yielded maximum ransom with minimal resistance. The South-South’s low ransom payments may indicate efficient police intervention or victim silence. The past year showed a higher likelihood of being kidnapped in Kaduna, Niger, or Zamfara, the three states recording the highest per capita abduction rates and deaths during kidnap attempts. Civilians bore the brunt of kidnap attempts around the country, with 430 casualties, while security agents and kidnappers accounted for 19 and 121 deaths, respectively.”
