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Home » Crime » Nigerians Spent ₦2.23trn Settling Ransoms in a Year — NBS Reveals

Nigerians Spent ₦2.23trn Settling Ransoms in a Year — NBS Reveals

December 18, 2024
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Nigerians paid ₦2.23tn as ransom to kidnappers in twelve months.

The National Bureau of Statistics (NBS) said the payments were made between May 2023 and April 2024.

According to the NBS’s latest Crime Experience and Security Perception Survey report published on Tuesday, 65% of households are affected by kidnapping paid ransoms for the release of their loved ones from the abductors’ den.

“The average amount paid as ransom was ₦2,670,693, with an estimated total ransom of ₦2,231,772,563,507 paid within the reference period,” the NBS report read.

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It said the kidnapping incident was estimated at 2,235,954 nationally with results showing that rural areas (1,668,104) recorded more kidnappings than urban areas (567,850).

“Further analysis by zones revealed that North-West had the highest cases (1,420,307), followed by North-Central (317,837), while the least was recorded in South-East (110,432),” it said.

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Of the households that experienced kidnapping, the survey indicated that 80.5 reported it to the police.

“The South-South zone had the highest reporting rate at 100 percent, followed by North-Central at 89.6 percent, while North-West was least reported at 73.9%,” the report noted.

“Disaggregated by place of residence, urban areas recorded 87.1% compared to 77.3% in rural areas.”

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