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Nigerian Gunmen Raise Over $5 Million From Mass Kidnappings – SBM Intelligence

Nigerian kidnappers have collected nearly $5.8 ​million in ransom payments in the last year from civilian abductions, crime that is crippling education and ‌eroding public trust in the government, a security consultancy said on Wednesday.

Nigeria’s SBM Intelligence said 7,825 people were kidnapped between July 2025 and June 2026, up 66% from the year before. At least 1,142 people were killed, and total confirmed ​ransom payments more than tripled to 7.78 billion naira ($5.79 million), it said.

The figures were compiled from ​media reports, interviews and publicly available information, and SBM said they were conservative because ⁠many ransom payments were never disclosed.

A faction of the Islamist group Boko Haram collected 90% of the ​recorded ransom payments from kidnappings in the northeast, but there were more incidents and victims in the northwest, ​according to SBM

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