Average Ransom Demands in Nigeria for 2012

in Business Risk, Transnational Crime

In 2012, the average ransom demand by militants in Nigeria for kidnapping hostages was $490,000, based on reported accounts. The average amount of ransom eventually paid to the kidnappers after negotiations was brought down to $50,000.

Source:  Associated Press, “Kidnapping of Nigeria finance minister’s mother sign of increasing ransom abductions in nation,” Washington Post, December 10, 2012.

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