A soldier stands next to a group of girls previously kidnapped from their boarding school in northern Nigeria. AFP
A soldier stands next to a group of girls previously kidnapped from their boarding school in northern Nigeria. AFP
A soldier stands next to a group of girls previously kidnapped from their boarding school in northern Nigeria. AFP
A soldier stands next to a group of girls previously kidnapped from their boarding school in northern Nigeria. AFP

Nigeria grapples with spiralling kidnapping crisis


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At 6pm on August 7, Ada Chukwu, an apprentice tailor in Apo, a district in Nigeria’s capital city Abuja, packed her bag and walked to the main road to flag down a shared taxi to take her home.

A few minutes into the journey, another passenger put a gun to her face, threatening to kill her if she did not co-operate. Ms Chukwu was driven to a cash machine and forced to empty her account.

Her kidnappers then made her call her mother, demanding 500,000 naira ($649) to spare her life.

“They withdrew it [the cash] immediately, then told me to enter the car. I didn’t know how I slept but when I woke up, I found myself in a hut,” Ms Chukwu, 22, told The National.

“They called my father and told him he'd have to pay another two million naira [$2,595] before I can get my freedom back. They told him not to call the police or they will kill me.”

On the second day, a distressed Ms Chukwu begged to be released.

She said she was physically assaulted.

Her father negotiated a 400,000 Naira [$519.14] reduction in the ransom and paid on the third day of her ordeal. But after the money was paid, her captors kept her for another two days.

News of kidnappings dominates Nigerian airwaves and social media platforms.

People are abducted by armed bandits, who demand extortionate ransoms before their victims are freed. Captors routinely torture, beat and starve victims until their relatives, who in most cases have to solicit donations or sell property, can pay.

Last December, Esther, who used an assumed name for fear of being targeted, was travelling from Lokoja, in the west of the country, to Warri in the south by car when she and six other passengers were abducted.

They were held for five days, suffering daily beatings, until each family were able to raise one million naira ($1,297) as a ransom payment.

“We spent the first night outside. It rained and we were out in the rain. The next morning, they started with flogging the men,” Esther said.

They were not fed and given contaminated water to drink.

Between July 2022 and June 2023, 3,620 people were abducted in 582 kidnapping incidents across Nigeria, with ransom payouts amounting to 302 million naira ($387,179), according to SBM Intelligence, a Lagos-based geopolitical analytic research company.

In August last year, the International Committee of the Red Cross reported that 25,000 people were missing in Nigeria, more than 14,000 of them children.

A schoolgirl kidnapped sits with a baby at Maimalari barracks, nort-heast Nigeria. AFP
A schoolgirl kidnapped sits with a baby at Maimalari barracks, nort-heast Nigeria. AFP

Climate of fear

The situation has created a climate of fear in Nigeria.

Experts say the rise in kidnapping is mainly driven by lack of security, unemployment and a spiralling economic crisis.

The kidnapping epidemic can be attributed also to a lack of social investment in the country’s youth, according to Confidence McHarry, a security analyst at SBM Intelligence.

“Many of the young people who pick up arms would tell you that their cattle was stolen. The theft led them to poverty and unemployment and so they had to look out for other means of survival,” Mr McHarry told The National.

Although authorities have assured the country that it was curtailing kidnappings, criminal activity continues.

Whatever measure authorities put in place to deal with the problem is not working
Isa Sanusi,
country director of Amnesty International in Nigeria

More than 24 university students were kidnapped in Zamfara on September 22 in another sign of the government's failure, said Isa Sanusi, country director of Amnesty International in Nigeria. A dozen of female students were later freed.

Federal University Gusau said at the time that the attack had caused tension at the institution and students were worried about their safety.

Mr Sanusi said that the ease and frequency of abductions showed that the government had not learnt from previous abductions.

“Authorities must carry out investigations on the inexcusable security lapses that enabled the abduction of dozens of students at Federal University Gusau,” he said.

People in rural areas live in fear, he said, “bracing themselves for the next round of kidnapping”.

“Whatever measures authorities put in place to deal with the problem are not working,” Mr Sanusi concluded.

Despite several attempts, The National could not get a response from police on the issue.

A police truck is stationed outside the University of Abuja where gunmen kidnapped a number of people. AFP
A police truck is stationed outside the University of Abuja where gunmen kidnapped a number of people. AFP

Ransom payments encourage kidnappings

Paying ransoms emboldens criminals to kidnap and will impoverish more people whose income hardly meets their needs, Mr McHarry said.

“You have a main economy that is tanking and a shadow economy that is thriving … the success of one means the loss of the other. It is a zero-sum game where one side wins and the other side definitely loses,” he said.

To reduce the number of kidnappings, Mr McHarry said the government must make serious efforts to maintain sustainable economic growth, and that until the basic necessities, such as employment, education and healthcare are provided, more people are likely to be lured into this shadow economy.

‘Survivors never recover’

Long after being freed, survivors continue to suffer from the traumatising experiences of kidnapping. Some struggle for the rest of their lives.

In Abuja, Ms Chukwu does not want to leave her room and refuses to socialise with anyone outside of her family.

She speaks to a therapist once a week to help her deal with her trauma, but the memory of what happened lingers.

“I still can't believe all that happened,” she said. “I hope these people get caught somehow.”

After Ms Chukwu returned home, she discovered that her abduction had exacerbated her mother’s high blood pressure. One week later, her mother died.

“I have not been myself since then, I don’t even go out or talk to most people any more. I will never go back to my former self,” Ms Chukwu said.

I tried going back to the way things were before the kidnap but I couldn't
Esther,
kidnapping survivor

Months after her release, Esther said that flashbacks of what happened still trouble her when she goes to sleep, bringing tears to her eyes.

“I tried going back to the way things were before the kidnap but I couldn't. I still have this pain in my chest when I think of it,” she said.

“They said with time it will get better, but they lied because it didn’t.”

The victims need to be “brought back into safety and they must be provided with standard psychosocial care that will help them recover from the atrocities they were subjected to”, said Mr Sanusi, who added that far too many incidents go unreported.

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Rating: 4/5

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The bio

His favourite book - 1984 by George Orwell

His favourite quote - 'If you think education is expensive, try ignorance' by Derek Bok, Former President of Harvard

Favourite place to travel to - Peloponnese, Southern Greece

Favourite movie - The Last Emperor

Favourite personality from history - Alexander the Great

Role Model - My father, Yiannis Davos

 

 

Updated: November 03, 2023, 4:06 AM