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PhreeNews > Blog > Africa > Economics > Nigeria’s wealthy face an epidemic of kidnapping
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Economics

Nigeria’s wealthy face an epidemic of kidnapping

PhreeNews
Last updated: October 23, 2025 3:29 am
PhreeNews
Published: October 23, 2025
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Simply after midnight, unusual noises interrupted the uneventful night. Folarin Banigbe went downstairs to research the clanging sound that was piercing by means of the hum of energetic turbines, the soundtrack to energy cuts in Nigeria.

Banigbe headed in the direction of the kitchen and seemed as much as see three males reducing by means of the iron bars on his window. His first impression was that these have been “native, neighborhood thieves” who he might scare away. That was sufficient to be unnerving on any day — and never least that day, his wedding ceremony anniversary — however there are worse fates than being robbed in Port Harcourt, capital of the oil-rich Rivers state the place he lived.

A worse destiny was about to befall him.

It was the blinding mild and loud bang that clued him up that one thing had gone critically awry. He wasn’t hit by the explosion that broke by means of the bars. However quickly the boys pressured their method into the kitchen and smashed a bottle on his head. Reeling from the ache, he was marched from room to room so they may ransack the home and seize all the things they may discover, from jewelry to digital units. Then one man hurled him downstairs and dragged him into their ready van whereas the others carted away his valuables in his personal automobile, one other factor stolen.

On the time, nearly a decade in the past, the Nigerian nationwide was managing director of an IT consulting firm he had based after a 15-year profession as a worldwide IT portfolio supervisor at vitality large Shell; this job had included stays within the UK, US, Netherlands, Russia and Nigeria. He additionally moonlighted as a pastor at his native church — he was getting ready his Sunday sermon when he heard the break-in taking place — and was the writer of a neighborhood free sheet he had launched to “push the narrative” of a metropolis he thought was greater than the headlines of loss of life and dismay sometimes related to it.

His ordeal was terrifying, he tells the Monetary Instances from the security of a Lagos restaurant, the place he sips on a ginger-infused drink. For greater than 36 hours, he was blindfolded and transported in a automobile, then throughout a river in a canoe, earlier than being marched barefoot by means of farms as they headed in the direction of his unknown vacation spot. His abductors stored up stress on his household to ship a ransom, having extracted contact particulars from Banigbe, at one level demanding as a lot 50mn naira (about $252,000 on the time).

After 5 nights in captivity, Banigbe was freed by his captors. His household had paid a ransom — he declines to say how a lot precisely — to safe his launch. He solely describes it as “a number of tens of millions” of naira.

“They didn’t beat me or bodily torture me,” Banigbe says. “In fact, they threatened me, and the emotional and psychological torture was loads.”

Banigbe’s expertise presents a window into the booming enterprise of kidnapping for ransom in Nigeria, an business of ache inflicting havoc as authorities in Africa’s most populous nation battle to include the epidemic.

Kidnapping as an act of organised crime was comparatively uncommon in Nigeria earlier than the Nineteen Nineties. Abductions have been sometimes tied to political rivalries, intercommunal conflicts or ritual practices. However because the mid-Nineteen Nineties, kidnappings have grow to be extra widespread, starting within the Niger Delta, the place a lot of Nigeria’s oil wealth resides.

It was round this time that environmentalists and native activists started to denounce the practices of worldwide oil firms working within the delta. Oil spillages have been polluting rivers and farmlands, depriving locals — a lot of whom tilled the land as farmers or labored in fishing — of their livelihoods. Tensions have been threatening to boil over between oil firms and locals and, when environmental activist Ken Saro-Wiwa and eight others have been executed by Nigeria’s army authorities on trumped-up homicide costs, the state of affairs deteriorated.

Native armed teams started abducting international oil employees and blowing up pipelines across the flip of the century to make a political assertion, realising they may embarrass the Nigerian authorities — by now a nascent democracy — and likewise strike at its chief money-maker. Quickly sufficient, they discovered they may make a 3rd level: kidnapping expatriate employees for ransom might fund their trigger — and their extravagant lives. Native and worldwide oil firms tapping Nigeria’s crude reserves have operational headquarters in Port Harcourt and work within the oilfields that dot the Niger Delta, making your complete area a target-rich setting. Kidnappings quickly grew to become headline information.

“It was principally the elite that was the goal,” says a Nigerian politician who served as a governor and later as a federal minister. “Naturally, it drew media consideration when you took a commissioner or international oil employee.”

Port Harcourt, house to many abroad oil employees, was a kidnapping hotspot © Alamy

A authorities amnesty, provided to the armed teams of the Niger Delta in 2009 as Nigeria sought to take again management of its oil wealth, led to the disbanding of lots of the teams. A few of their leaders went into politics and have become bigwigs.

However lots of the underlings had acquired a style for simple money and started kidnapping rich and middle-class Nigerians for ransom. International oil employees had largely fled house by this level.

In keeping with a brand new report by Lagos-based threat advisory firm SBM Intelligence, kidnappers in Nigeria demanded almost $1.7mn in ransom within the yr to June 2025, underlining its progress as a worthwhile enterprise in a rustic with few financial prospects. Numbers are in all probability greater, since many victims and their households, reminiscent of Banigbe, don’t disclose the precise sums that secured their launch, usually to keep away from making them targets for an additional group. Ransom calls for sometimes start from eight-figure naira sums that may be negotiated downward.

The richest individuals have 20 cops of their homes — so the abductors come for individuals like us

Folarin Banigbe

If international expatriates and rich Nigerians have been the primary victims of kidnappings, the window has shifted in recent times to incorporate nearly everybody within the nation. From the fear group Boko Haram abducting giant numbers of schoolchildren to gangs within the north identified regionally as “bandits” taking villagers and college students for ransom, almost all components of the nation at the moment are blighted by kidnapping, together with its comparatively safe south-west.

“As time went on, the pool of oil employees and wealthy Nigerians dwindled,” says Confidence MacHarry, senior safety analyst at SBM Intelligence. “Presently, it’s exhausting to say that richer Nigerians face extra kidnap threat, because it has grow to be a free-for-all that entails even the poorest members of society. However the wealthy pay extra in ransom than the common individual.”

In April 2022, the Nigerian senate handed a invoice outlawing the cost of ransom to kidnappers, however the former governor says it’s an ineffectual regulation. “Even when authorities says, ‘Don’t pay ransom,’ it’s the police that may advise you within the background to pay ransom, as a result of they know they not often arrest kidnappers.”

Nigerian elites occupy a novel, stratospheric place in society. Regardless of the grinding poverty that marks on a regular basis life for the common citizen, the nation’s richest appear to drift above all of it as they jet off on costly holidays and benefit from the nation’s unique personal members’ golf equipment and eating places.

In some ways, the realities of the haves and have-nots are so divergent that they may functionally reside in several international locations. The youngsters of Nigeria’s elite attend the perfect colleges overseas and now these colleges are coming to Nigeria. The UK’s Charterhouse opened its doorways in Lagos final yr; Rugby college began operations final month, positioned at Eko Atlantic Metropolis, the futuristic “metropolis inside a metropolis” (per its web site) constructed on land reclaimed from the ocean. Eko Atlantic’s different occupants embody the US consulate in Lagos, a gargantuan $537mn venture that would be the largest American consulate on this planet when accomplished.

Soldiers in camouflage uniforms travel by boat on a river.
Gun-toting nationwide police usually present personal escorts for rich Nigerians © Obaji Akpet/Alamy

However regardless of the elite’s makes an attempt to wall themselves off, the cruel realities of Nigeria — the specter of kidnapping and different violations of non-public security — nonetheless exist exterior their gates, main the richest individuals to take measures to guard themselves. Corporations now take out kidnap insurance coverage for senior executives, in response to native media experiences.

Personal safety protection is on the rise, and it’s not unusual for the wealthiest Nigerians to maneuver round city with gun-toting uniformed members of the nationwide police as their private safety guards. Worldwide and native firms additionally deploy armed police, known as “protocol”, to escort their workers round. On a current reporting journey with a global organisation simply exterior Lagos, I requested why their van was being escorted by armed guards by means of a comparatively protected space. “New York wouldn’t enable us to go with out them,” got here the response.

Really helpful

Nigeria has an estimated 370,000 cops for its greater than 220mn residents — roughly one for each 600 residents, decrease than the UN-recommended stage of 1 for 450. As a result of Nigerian police are poorly remunerated, a secondment to a rich particular person or personal firm is a significantly better gig. Whereas the nation’s poorest need to make to do, the elite have a praetorian guard. It’s yet one more method inequality manifests itself right here.

“You’re coping with a collapsed system, as a result of you’ve got now privatised official safety,” says the previous governor about Nigerian elites and their armed police guards. “Why ought to a minister or governor have a battalion of officers? It’s as a result of the overall policing has damaged down. Every part collapses whenever you don’t tackle safety and welfare.”

The scourge of kidnapping is now a each day actuality that Nigerians have discovered to reside with — like incessant energy cuts and having West Africa’s finest jollof rice. There appears to be a weariness amongst residents, too, that authorities are overwhelmed with the issue and a realisation that not a lot will change with out an enchancment within the financial circumstances of the nation.

“We’ve now gotten to some extent the place you’ve got a bit of cash however no safety,” Banigbe says. “The richest individuals have 20 cops of their homes and so the abductors can’t go there. So they’ll come for individuals like us, middle-class Shell boys with cash however no personal safety.” 

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