Report: Nigerians paid ₦2.57bn in ransom, 4,722 abductions recorded in one year
SB Morgen (SBM) Intelligence, a geopolitical research firm, says kidnappers demanded over N48 billion from victims and their families between July 2024 and June 2025. The research firm, in its latest report, titled ‘Economics of Nigeria’s Kidnap Industry,’ said out of the total amount of N48 billion demanded as ransom, only N2.57 billion was received. […]
