₦airaland Forum

Our third most booming industry after oil and finance.

Might partake in it next year

VeeVeeMyLuv:
A serious same country will declare penalty for kidnapping crime

But here they encourage it, just as they empower looting of public funds

There is impunity in Nigeria my friend

There is still a semblance of restrain, that's why there's a relative sense of stability

Otherwise all man would have raised their bare hands against each other and drag for the pie

My brother, I've always wondered what the breaking point would be. My people have a saying that if you pushed the goat to the wall it'll turn back and bite but I'm shocked by how far the wall is with the goats in our fatherland. With the rapid decline, I'd expect that we already must have reached the point where these "barehands" should've started trading blows and the scuffle for the pie escalated.

this information is too sensitive and should be deleted before it is seen as a lucrative business

Islie:
https://leadership.ng/nigerians-paid-n2-23trn-ransom-to-kidnappers-in-12-months-nbs/

Invariably, what this report is telling us is that crime is a very lucrative business in Nigeria.

The APC Government should be very ashamed of themselves.

That's almost ten times the amount spent on importing cars.... Booming biz

I been think say these things no dey happen when Kemi dey talk am and una dey foam for mouth. Look at this.

Hope the kidnappers are paying tax

Part of the reasons why Kemi Bajinotu don dey run her mouth since

“Take a look at Real-time 🇺🇸 American gun violence numbers for 2024, as of Dec 16th:

•16,005 deaths
•30,446 injuries
•487 mass shootings
•29 mass murders
•754 children (age 0-11) shot
•4,214 teenagers (age 12-17) shot
•1,166 defensive use incidents
•1,357 unintentional shootings
•641 murder-suicides”
Insecurity happens everywhere in the world except some few countries

Why the Media in the USA aren’t massively reporting deaths arising from gun violence?

On the other side also, we need our government to really double up their efforts.

No surprises. Benin ore has 87 check points the last time I travelled yet traveller's are being kidnapped steadily on the same road.

Islie:
https://leadership.ng/nigerians-paid-n2-23trn-ransom-to-kidnappers-in-12-months-nbs/

So when you pay kidnappers you will go and tell NBS that you have paid the kidnapper, they should record it.You people are very funny

N2.23 Trillion Ransom Wahala: Security Don Dey Worse

NBS report show say Nigerians pay N2.23 trillion for ransom between May 2023 and April 2024.

Key Gist:
• 65% of victims pay ransom, averaging N2.67m per incident.
• North-West worst hit with 14.4m cases; rural areas suffer pass urban.
• Low trust in police: only 36.3% of home robberies and few kidnappings get reported.

Major Problems:
1. Slow police response dey force rural areas to rely on vigilantes.
2. Fear of crime high—13% in villages.

Way Forward:
• Improve police response, fund security agencies.
• Empower community policing.
• Address poverty to tackle root cause of crime.

Ransom payments don choke Nigerians. If goment no act now, e go worse.

7 states’ budget

This is worst under this regime

Islie:
"The low reporting rates extended to kidnappings as well, with many victims believing that police intervention would not lead to meaningful action."

https://leadership.ng/nigerians-paid-n2-23trn-ransom-to-kidnappers-in-12-months-nbs/

This part is sad to read. Hopeful that the Nigerian Police will one day rise to the challenge of securing lives in Nigeria. Yes, we know they are understaffed and underpaid but what's the point of them if they can't do their jobs?

Might be interesting to see what the numbers are in previous years cos it seems like evildoers have seen a cashcow.

Chronic failure of govt.

A lot of politicking but very little governance.

Tinubu and his men should hide their heads in shame.

The people that should be worried about this are here on nairaland hailing him.

Ankakh:
This part is sad to read. Hopeful that the Nigerian Police will one day rise to the challenge of securing lives in Nigeria. Yes, we know they are understaffed and underpaid but what's the point of them if they can't do their jobs?

Might be interesting to see what the numbers are in previous years cos it seems like evildoers have seen a cashcow.

"Hope" does not build nations, men and women of integrity do.

Great nations did not become great on hope.

michoim:
This is worst under this regime

His supporters are here hailing him.

People that cannot even afford air ticket.

Islie:
https://leadership.ng/nigerians-paid-n2-23trn-ransom-to-kidnappers-in-12-months-nbs/

But some folks said that security has improved in this government.

This is disturbing..

That's enough money to equip these criminals to further their actions

At this point I can confidently say some influential individuals are tapping from this criminal venture

AmiableMosquito:
That's the documented figure. Imagine what it will be if the undocumented ransom are added to this figure.

The terror industry in Nigeria is more lucrative than some other key sectors of our economy. It's infact a multi-billion dollar enterprise.

I hope the Bola Ahmed Tinubu administration can work harder to change this narrative soonest. Most especially, I hope the Northerners and South Easterners who bear the most burden of kidnapping in recent times will realise that aiding and abetting criminal is self-destructive. If you see something, say something.

Idi0tic scumbag! Southeast kill you there you piece of shit. Always calling southeast for nothing, yet if you were literate and can read, you would have seen where the report said southeast has the least crime rate.

Bastard!

Nigerian spent the equivalent of 15% of the 2024 budget on ransom payments., Una think say una still get country?

U will never see these apc miserable miscreants like
Yarimo,
Helinues,
And
MannagbGrills.

O boy, see kidnappers IGR pass Osun state's.

Mordson:
Idi0tic scumbag! Southeast kill you there you piece of shit. Always calling southeast for nothing, yet if were literate and can read, you would have seen where the report said southeast has the least crime rate.

Bastard!

Firstly, you are referring to your useless wretched father who is a pig and produced a piglet like you.

Again, between April 2024 till date which the report doesn't cover, what has been the trend in Anambra and some other South Eastern states? Haven't the rate of kidnapping increased drastically?

You are mad and you have no one to tell you. Terrorism kill you and your father there. Wretched pig!

ntyce:
In other words, Nigerians worked for and paid kidnappers 2.23 trillion.

In other words, T-Pain scammed, screwed and swindled us with the packaging of Buhari as a strongman who would fix all the problems that clueless, weak, corrupt, incompetent and bloody civilian Jonathan failed to fix.

How Obasanjo joined T-Pain in his devious act to earn the ebilokan presidency eight years later, is a mystery.

Emergingnation:
Flashback: How Bola Tinubu spoke highly of Buhari in 2015, named PDP ‘Poverty Development Party

National leader of the ruling All Progressives Congress, APC, Bola Tinubu had during the presidential campaign in 2015, referred to President Muhammadu Buhari as the only solution for the security and economic challenges facing Nigeria.

During a mega presidential rally, the former governor of Lagos State recalled how some powerful nations in the world returned to army generals when they were challenged, saying “Major General Buhari would revive Nigeria’s economy”.

He named the current opposition People’s Democratic Party, PDP as the “Poverty Development Party saying they had nothing to offer.

His words at the time were; “Every nation has a period of their own challenges, when America was challenged, they turned to one great man, their ex-military general, General Eisenhower. When the French were challenged, they turned to their general, Charles de Gaulle.

“When Britain was challenged, they turned to their general. Today, Nigeria is economically and physically challenged so we turn to General Muhammadu Buhari. He is the right man for the job. If you talk about military experience, he has it abundantly, he has courage, simplicity, he has it abundantly.

“If you talk about great determination, a combination of vision and ability to perform, honesty and integrity, he has it abundantly.

“I laugh when the incapable government, ‘Poverty Development Party’ PDP were talking. They have nothing again to say, they now want to question the qualifications of General Buhari and look for his certificate”.

Following the manifestos in 2015 which projected the APC presidential candidate as a ‘saviour’, Buhari defeated the then incumbent president, Goodluck Ebele Jonathan with Nigerians expecting a total change in security and economy.

https://dailypost.ng/2021/09/01/flashback-how-bola-tinubu-spoke-highly-of-buhari-in-2015-named-pdp-poverty-development-party/

Day169:
It's arguably the most lucrative venture in the country right now. That's more than what conglomerates like the big banks and other multinational companies made. It's even more than what most states budgeted for 2025. Meanwhile they had minimal losses such as arrests and deaths from gun duels with security agencies.
That's why more people are enlisting in the trade.

Can you please explain how kidnapping is more lucrative than politics. I am very eager to learn about this.

chisomkachy:
Nigerian President Bola Tinubu’s first supplementary budget includes a fleet of SUVs for himself and his wife, a presidential yacht and the renovation of his villa amid a cost-of-living crisis for some of the poorest people in the world.

The proposal — which seeks additional funding beyond the annual budget approved by Tinubu’s predecessor — comes as the government asks Nigerians to persevere through pain caused in part by a raft of economic reforms ushered in by the new president. Africa’s most populous country faces rampant unemployment, soaring food prices and a plummeting currency.

Federal lawmakers approved the president’s request for extra spending on Thursday, but eliminated the provision of 5 billion naira ($6.01 million) to buy a presidential yacht. Instead, they doubled the allocation to a student loan fund to 10 billion naira, according Abubakar Bichi, chairman of an appropriations committee in the House of Representatives.

The lawmakers approved 1.5 billion-naira proposed to purchase SUVs for the office of First Lady Oluremi Tinubu — an amount larger than that allocated to many individual federal colleges. The supplementary budget also proposes almost 6 billion naira to purchase SUVs for the presidency — more than the amount initially allocated to fund a student loan program for poor families.

A spokesman said the president didn’t ask for a yacht and criticized coverage of the budget. The “public attack” is because of the “very simplistic way some of the line items are described by civil servants, who prepare the budget,” Temitope Ajayi said in a column posted to a local media outlet. New vehicles, he said, will be used by aides and civil servants, not Tinubu himself.

The legislature has also been slammed for buying hundreds of its own expensive SUVs.

Tinubu, who took office in May, ended a popular but costly fuel subsidy and removed currency restrictions that saw prices spike and the naira sharply devalued. That’s left many households struggling to survive in Africa’s most populous nation, where at least 40% of its more than 200 million people live in extreme poverty.

Last year, the country spent about 96% of its revenue servicing debt and the government plans to raise 9 trillion naira to help fund next year’s budget.

https://www.bloomberg.com/news/articles/2023-11-02/nigeria-budgets-for-suvs-and-yachts-amid-economic-hardship

"God bless Nigeria" - FreeStuffsNG 😂😂

I dey laugh, An irredeemable cursed country can't be blessed.

ezegold4we:
U will never see these apc miserable miscreants like
Yarimo,
Helinues,
And
MannagbGrills.

...and FreeStuffsNG

You won't see him here. Just post one fake pro-government propaganda and you'll see the zombies rearing their ugly heads shouting "God bless Nigeria", It's funny seeing that stupid statement.

The Nigerian police is a joke. This is about 10 percent of the National budget.

AmiableMosquito:
That's the documented figure. Imagine what it will be if the undocumented ransom are added to this figure.

The terror industry in Nigeria is more lucrative than some other key sectors of our economy. It's infact a multi-billion dollar enterprise.

I hope the Bola Ahmed Tinubu administration can work harder to change this narrative soonest. Most especially, I hope the Northerners and South Easterners who bear the most burden of kidnapping in recent times will realise that aiding and abetting criminal is self-destructive. If you see something, say something.

SMH

Ransom is mostly paid in cash..... and CBN is asking banks about cash?