A new report by SBM Intelligence shows that kidnappers demanded at least ₦81.9 billion in ransom across Nigeria between July 2023 and June 2026, while about ₦11.4 billion was reportedly paid.
More than 20,100 people were abducted during the period, with ransom payments rising sharply in the latest year. The figures point to a growing kidnap economy that continues to impose heavy financial and emotional costs on families, communities and businesses.
For more insight, DOTT TV Business Correspondent speaks with Financial Analyst, Lucky Enakirerhi.
Watch the full video from the link below:
