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Kidnappers in FCT begin collection of ransom through banks

Other FCT suburbs such as Kuje, Bwari and Abaji have experienced staggered spikes 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. 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 ex-central banker said the new trend called for more regulation and governments’ attention on the cryptocurrency market around the world.

Kidnappers Collecting Ransom With Their Bank Accounts In Abuja

Kidnappers Collecting Ransom With Their Bank Accounts In Abuja
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Controversial ransom payment to criminals

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