Nigerian armed groups net nearly $6 mn in ransoms: study

Nigerian armed groups raise nearly $6 Million in ransoms, study finds

Security is expected to be a major issue in Nigeria's January elections, when President Bola Tinubu will seek a second term.

Nigerian armed groups net nearly $6 mn in ransoms: study

Abductions have become a key moneymaker for criminal groups in Africa's most populous country, especially jihadists and non-ideological armed gangs known as bandits. Some 7.78 billion naira ($5.8 million) in ransom was paid between July 2025 and June 2026, the report, from Lagos-based consultancy SBM Intelligence, said -- more than triple the 2.56 billion naira paid during the same period last year. At least 7,825 people were abducted, up 66 pe…

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

By Ben Ezeamalu LAGOS, Aug 26 (Reuters) - 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 cons...

Nigerians pay N7.78 billion ransom as kidnappings surge 66%

Nigerians paid at least N7.78 billion in ransom to kidnappers between July 2025 and June 2026, as the number of people abducted across the country jumped by about 66% within one year, according to a new report by SBM Intelligence. The post Nigerians pay N7.78 billion ransom as kidnappings surge 66% appeared first on Nairametrics.