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Nigerian kidnappers collected $5.8 million in ransom last year

Created at 26 Aug · 6:50 PM1 source↑ Market-relevant
IN SHORT

Nigerian kidnappers collected nearly $5.8 million in ransom payments over the past year, with a faction of Boko Haram responsible for 90% of recorded payments, according to a security consultancy. The study found 7,825 people were kidnapped between July 2025 and June 2026, with 1,142 killed.

Key Numbers

$5.79 milliontotal confirmed ransom payments
7.78 billion nairatotal confirmed ransom payments
7,825people kidnapped
1,142people killed
66%increase in kidnappings from prior year
90%ransom payments collected by Boko Haram faction
600civilians kidnapped last week in Niger State
300people seized in each of two mass incidents
315pupils and staff seized from a school in Papiri

Who's Involved

SBM Intelligence
security consultancy that released the report
Boko Haram
Islamist group faction collecting most ransom payments
President Bola Tinubu
Nigerian president whose policy to tackle insecurity is questioned
Nigerian kidnappers collected $5.8 million in ransom last year

↳ Why This Matters

The escalating kidnapping crisis in Nigeria, fueled by substantial ransom payments, poses a significant threat to the country's stability, education system, and public trust in governance, potentially impacting future elections and requiring urgent strategic intervention.

Key facts

  • Nigerian kidnappers collected approximately $5.8 million in ransom payments in the past year.
  • Over 7,800 people were kidnapped between July 2025 and June 2026.
  • More than 1,100 people were killed during these abductions.
  • A Boko Haram faction accounted for 90% of recorded ransom payments.
  • School abductions have resurged, impacting education and public trust.

Nigerian kidnappers have collected nearly $5.8 million in ransom payments over the past year from civilian abductions, a crime that is severely impacting education and eroding public trust in the government, according to a report by security consultancy SBM Intelligence. The study found that 7,825 people were kidnapped between July 2025 and June 2026, a 66% increase from the previous year, with at least 1,142 people killed.

A faction of the Islamist group Boko Haram was responsible for 90% of the recorded ransom payments, primarily from mass incidents in the northeast. However, the northwest region experienced more incidents and victims overall. The findings were released as Nigerian President Bola Tinubu ordered security forces to rescue approximately 600 civilians kidnapped in Niger State.

The kidnap-for-ransom industry is a central element of Nigeria's expanding security crisis, with heavily armed bandits and Islamist militants targeting schools, villages, and major roads. Victims are often held for weeks or months until ransoms are paid. SBM Intelligence estimated that Boko Haram received about 7 billion naira, largely from two mass kidnappings involving over 300 people each. The report highlighted the resurgence of school abductions, citing an incident in November where 315 pupils and staff were seized from a school in Papiri, Niger state, reviving a tactic that has significant costs for education, farming, and public trust.

Analysts suggest that President Tinubu's pledge to tackle insecurity, made upon taking office three years ago, has failed to yield tangible progress. SBM Intelligence warned that without a coordinated strategy addressing both the profitability of kidnapping and its root causes, Nigeria risks normalizing the crime as a funding mechanism for groups that threaten its stability.

Frequently asked questions

Nigerian kidnappers collected nearly $5.8 million (7.78 billion naira) in ransom payments in the last year.

Between July 2025 and June 2026, 7,825 people were kidnapped, and at least 1,142 were killed.

A faction of the Islamist group Boko Haram collected 90% of the recorded ransom payments.

The kidnappings are crippling education, eroding public trust, and are a central issue in Nigeria's expanding security crisis.

What Happens Next

01Nigerian security forces are working to rescue kidnapped civilians.
02The next Nigerian elections are expected to feature insecurity as a central issue.

How It Developed

Nigerian kidnappers collected nearly $5.8 million in ransom payments in the last year.
,825 people were kidnapped between July 2025 and June 2026, a 66% increase from the prior year.
At least 1,142 people were killed during these incidents.
A faction of Boko Haram collected 90% of recorded ransom payments.
President Bola Tinubu's administration has struggled to address the escalating security crisis.
The SBM report warned of entrenching kidnapping as a funding mechanism for destabilizing groups.

Sources

T1
Nigerian gunmen raise over $5 million from mass kidnappings, study findsReuters

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