Metro
Kidnappers Boldly Taking Ransom Through Nigerian Banks
Kidnappers operating in the Federal Capital Territory (FCT) are becoming more daring by the day as they have started collecting ransom from their victims via Nigerian bank accounts contrary to their usual style of receiving cash, Daily Trust has reported.
Last week alone, Daily Trust reported two kidnap operations by armed men on Tungan Maje community in the outskirts of the city. The marauders returned to the community, on Wednesday, after they had abducted 6 persons from the area a day earlier.
Other FCT suburbs such as Kuje, Bwari and Abaji have experienced staggered spike in incidences in the last few months.
While such kidnappers usually release their victims after collecting cash payments, a new trend suggests that they are devising new means of getting the ransom amounts.
In April, a former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, alleged that terrorists and kidnappers had started making ransom demands in cryptocurrencies.
Though he was not specific of which particular groups of the criminals resort to such method, the Nigerian ex-central banker said the new trend called for more regulation and governments’ attention on the cryptocurrency market around the world.
Some Nigerians have complained of how banks make it difficult to retrieve information about criminals who defraud unsuspecting members of the public using bank accounts.
Hamisu Ibrahim, an Abuja resident, recalled how ‘bureaucracies’ in the bank made him lose money to a criminal group after he was made to make payment.
A Nigerian financial fraud expert, Umar Yakubu, said detecting criminals who follow formal financial systems is an easy thing to do, except if the will is lacking.
‘How kidnappers made us pay to bank’
Kidnappers on Wednesday, June 16, picked up their victims, Mrs Aminat Adewuyi and four others at Madalla junction when going on shopping to the popular Ibrahim Babangida Market in Suleja, Niger State.
Daily Trust reliably gathered that the victims’ relatives paid ransom money ranging between N500,000 and N1,000,000 to a designated bank account provided by the kidnappers before they secured their freedom.
A brother of Mrs Adewuyi, who did not want his name in print, said while negotiating with them the criminals initially demanded the sum of N5 million from each of their victims.
The kidnappers later agreed to collect N500,000 from Adewuyi’s relatives after two days and much pleas.
The negotiator said the criminals threatened to slaughter the woman if the ransom was not paid within 48 hours and insisted that they preferred collecting the ransom via bank than the usual cash.
The ransom payment slip, a copy of which was obtained by Daily Trust showed that Adewuyi’s husband paid the sum of N500,000 into an Access Bank account with number: 1403762272 and the name Badawi Abba Enterprise.
Narrating her ordeal and how it happened to Daily Trust, the Nigerian, Adewuyi said, “We boarded a bus at a junction opposite SARCO filling station, near the popular NYSC junction in Kubwa when going to Suleja Market.
“Majority of the passengers in the bus alighted at Zuba. The driver wanted to drop off the remaining few passengers also but he managed to take us to Madalla junction – the road that leads to Dakwa.
“But when we got to Madalla junction, the driver said we should board another vehicle going to Suleja. The remaining five of us (women) stop a vehicle calling “Suleja! Suleja!!” and the bus driver settled him and we left.
“Immediately we entered, the driver ‘centrally locked’ all the doors and wound up all the windows. It was that time we knew that all the glasses were tinted. Four of us sat at the back seat, one sat together with a man in front including the driver.
“When they finished whining up the glasses, they brought out guns, knives and bottles of coke, saying we should cooperate. They ordered us to drink the coke mixed with codeine but I insisted I wouldn’t.
“The man in front raised a knife and gave me only codeine to drink but I pretended as if I had taken it. He could not do anything with his weapon because it was so tight in the vehicle.
“Some of the victims who took the coke had started sleeping before we reached the bush where they took us to.
“Despite the fact that I didn’t sleep, I can’t recognise where they took us to. I only know that the vehicle that conveyed us turned left immediately after Kwata (the popular place they are selling meat) before Suleja. Kwata is after Kwankwashe.
“Our vehicle drove into the bush and when it couldn’t go further, because the remaining road was a pathway, three persons that had already been waiting for them with bikes, conveyed us with their bikes into the deep bush.
“There was only one house in that bush. They kept us there and they were giving us bread and sachet water. One of us was released that same day because she had money in her account and transferred it to them immediately, we got there.
“They were already sharpening their knives to slaughter me after two days when they couldn’t get an alert from my husband. It was only God that saved me that day.”
Adewuyi’s husband, at the time, said he had formally reported the matter at the Anti-Kidnapping Unit of the Nigerian Police in Jabi.
When contacted, the Spokesperson for the Nigerian Police FCT Command, ASP Mariam Yusuf, said the command has deployed overt and covert strategies to checkmate criminality within FCT including special Anti-Kidnapping operations.
Detecting kidnappers’ now political choices, Nigerian expert says
In a telephone interview with our correspondent last night, a Nigerian financial crimes expert and former staff of the Economic and Financial Crimes Commission (EFCC), Umar Yakubu, said a situation where kidnappers were not tracked down after collecting ransom through financial institutions, shows that detection of the criminals is now a political choice.
Yakubu, who is also the CEO of Counter Fraud Centre, said with such development, there won’t be an end to such criminality and it will continue to hurt the economy of the country.
He said, ‘’In all matters of crime and all manner of criminality, a major feature is stealth attempt to evade detection. That is why law enforcement agencies are established – to detect through investigation.
‘’But if we have a situation where criminals are demanding for ransom payment through financial institutions, where all customer due diligence records are supposed to be harboured, then there is a need for concern. It means they are not afraid of being detected.
‘’So, there is no need to waste resources on finding out who they are. They ought to be known. The government wants to open a war front it definitely cannot succeed. From examples in Mexico, Iraq, Afghanistan, India and other countries that have high incidences of kidnapping for ransom, there has never been a case of payment through bank accounts.
‘’The government needs to have a re-think because this action means a whole new ‘employment’ industry would be opened for further criminality’’
‘What govt is doing’
When contacted, officials of the Central Bank of Nigeria (CBN), did not formally respond to our enquiries on this.
However, a Nigerian management source with the CBN said: “What the deposit money banks can do is to block or put a debit restriction on an account if requested by the account owner or on the instruction of the Nigerian Police or the Economic and Financial Crimes Commission backed by the court order.
“The Central Bank and the deposit money banks have always cooperated with law enforcement agencies making available credible information on a suspicious account leading to arrest of criminal activities in compliance with the Nigeria Financial Intelligence Unit (NFIU).
“Banks now have to monitor all funds flowing through them, alerting authorities to anything of interest—for instance, a transfer of funds to a high-risk country inconsistent with a customer’s history—to help uncover money laundering, terrorist financing or other crimes.”
The NFIU is the central national agency responsible for the receipt of disclosures from reporting organisations, the analysis of these disclosures and the production of intelligence for dissemination to competent authorities.
The NFIU is an autonomous unit, domiciled within the CBN and the central coordinating body for the country’s Anti-Money Laundering, Counter-Terrorist Financing and Counter-Proliferation Financing (AML/CFT/CPF) framework.
A spokesperson for the NFIU, Sani Tukur, referred our reporter to law enforcement agencies, saying the NFIU does not conduct investigations or arrest suspects.
But a Nigerian senior official who craved anonymity said the agency is working on financial intelligence on kidnappers and bandits which it passes to law enforcement agencies for action.
He said the attention of the NFIU will now be turned fully on banditry and kidnapping as, according to him, they have muzzled Boko Haram and similar movements out of finances.
Source: Daily Trust
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