Nigerian armed groups net nearly $6 mn in ransoms: study
SBM Intelligence said 7,825 people were abducted and 1,142 were killed as ransom payments more than tripled over 12 months.
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At least 7,825 people were kidnapped between July 2025 and June 2026, according to SBM Intelligence, based in Lagos, for whom "mass abduction is now the dominant practice" for jihadist groups and criminal gangs.
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...
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