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The African Insurance Organisation has said Nigeria accounts for a quarter of kidnap for ransom cases reported worldwide in the last one year.
The Insurance Institute of Mauritius, the official host of the 18th African Reinsurance Forum of AIO, disclosed this in its newsletter on kidnap and ransom insurance cover during the ongoing forum in Balaclava, Mauritius on Wednesday
For this reason, the insurance association said Nigeria had been designated as the global capital for kidnap for ransom due to the huge record of kidnap cases reported in the country yearly.
Delegates from different countries in Africa and across the globe attended the annual forum.
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