6 days ago

Nigeria Kidnappers Raise Nearly $5.8 Million, Study Finds

Nigeria Kidnappers Raise Nearly $5.8 Million, Study Finds
Nigerian gunmen raise over $5 million from mass kidnappings, study finds · theprint.in

A security group studied kidnapping in Nigeria over one year.

It said more than 7,800 people were taken, and at least 1,142 people were killed.

Kidnappers received nearly $5.8 million in confirmed ransom payments.

The real amount may be higher because many payments were not reported.

Armed bandits and Islamist militants kidnapped people from schools, villages and roads.

Boko Haram received most of the recorded ransom money in northeastern Nigeria.

A school attack in Niger State involved 315 pupils and staff.

The report said kidnapping is hurting education, farming and people’s trust in the government.

Nigeria’s president ordered security forces to rescue hundreds of people recently abducted in Niger State.

Key facts

People kidnapped
7,825 between July 2025 and June 2026
Year-on-year change
Kidnappings increased 66% from the previous year
Deaths
At least 1,142 people were killed
Confirmed ransom
7.78 billion naira, approximately $5.79 million
Largest reported recipient
A Boko Haram faction received about 90% of recorded ransom payments in the northeast
School abduction
315 pupils and staff were seized from a school in Papiri, Niger State, in November
Currency conversion
The report used an exchange rate of $1 to 1,344.7400 naira

Quotes

SBM Intelligence

Nigerian security consultancy that compiled the kidnapping and ransom-payment report

“Without a coordinated strategy that targets both the profitability of the crime and its roots, Nigeria risks entrenching kidnapping not merely as a criminal industry but as a funding mechanism for the very groups that most threaten its stability.”
theprint.in
“School abductions have resurged, with the Papiri attack reviving a tactic whose costs ripple through education, farming and public trust.”
theprint.in

Sources

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