Kidnappers Collected N2.57bn From Nigerians in One Year

Kidnappers collected N2.57bn from Nigerians in one year

Kidnappers collected N2.57 billion as ransom payment from 4,722 abducted victims in Nigeria from July 2024 to June 2025. This is according to a report released recently by SBM Intelligence. According to the report, the secured ransom stems from N48 billion demanded by kidnappers in the period under review. The figure paid is 29.9 percent of the entire ransom demanded across the cross. Accordingly, Boko Haram collected the largest share of ransom…

Nigeria: ‘Abduction Industry’ Booms As Kidnappers Pocket N2.56billion Ransom In 1 Year - Report - Global Upfront Newspapers

Nigeria’s ‘abduction industry’ has entrenched itself as a booming criminal enterprise with N2.56 billion ($1.66 million) paid in ransoms and 4,722 civilians abducted in just 12 months (between July 2024 and June 2025), according to a new analytical report by SBM Intelligence. The alarming statistics is making what was just a symptom of insecurity in the country transforming into a structured criminal economic enterprise. The SBM Intelligence, an…

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Its fueled by rising poverty, unemployment Experts By Chinwendu Obienyi Nigerias kidnapping crisis has entrenched itself as a booming criminal enterprise, with N2.56 billion ($1.66 million) paid in ransoms and 4,722 civilians abducted in just 12 months (between July 2024 and June 2025). According to a new analytical report by SBM Intelligence seen by Daily []The post Abduction industry thrives as kidnappers pocket N2.56bn ransom in 1 year Report…

In Just a Year, Nigerians Paid N2.56 Ransom Billion to Kidnappers

Kidnapping for ransom has become one of Nigeria’s most devastating industries, draining families, communities, and the economy.  A new report has revealed that between July 2024 and June 2025, Nigerians paid a staggering N2.56 billion to secure the release of abducted loved ones, a figure that paints the depth of the country’s worsening insecurity. This … The post In Just a Year, Nigerians Paid N2.56 Ransom Billion to Kidnappers appeared first o…

Nigeria’s kidnap-for-ransom industry drains N2.56bn in one year

Nigeria’s kidnap-for-ransom economy has ballooned to unprecedented levels, with families and communities paying at least N2.56 billion between July 2024 and June 2025 to secure the release of abducted relatives, according to a new report by Lagos-based research firm, SBM Intelligence. The figure represents a 144% year-on-year increase compared to the N1.05 billion paid in the corresponding period a year earlier. SBM’s findings show that kidnappe…

Nigerians paid N2.56 billion in ransoms to kidnappers in one year

Nigeria’s kidnap-for-ransom economy has hit record levels, with citizens paying at least N2.56 billion between July 2024 and June 2025 to secure the release of abducted relatives and community members.  The post Nigerians paid N2.56 billion in ransoms to kidnappers in one year  appeared first on Nairametrics.