A report by SBM Intelligence has revealed that 7,825 people were abducted and N7.78 billion was paid in ransom between July 2025 and June 2026 in Nigeria. The report, titled 'The capture of the kidnap economy,' indicates a 66% increase in kidnappings from the previous year, with 895 civilians and 68 security agents killed. The high ransom payments underscore the lucrative nature of kidnapping, making it difficult to stop. The article describes the findings as a disturbing indication that the scourge of kidnapping for ransom is not abating.
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