A new report by research group SBM Intelligence has revealed that kidnappers across Nigeria collected N2.57 billion as ransom from victims’ families between July 2024 and June 2025.
The report, which highlights the worsening security situation in the country, stated that the money was paid in exchange for the release of 4,722 abducted persons during the one-year period. In total, the kidnappers had demanded around N48 billion, but received only about 30 percent of that amount.
SBM described the kidnapping crisis as a growing and organized criminal enterprise, saying it has become a “structured, profit-seeking industry.”
“Between July 2024 and June 2025, Nigeria’s kidnap-for-ransom crisis consolidated into a structured, profit-seeking industry. At least 4,722 people were abducted in 997 incidents, and at least 762 were killed. Kidnappers demanded roughly N48 billion and secured N2.57 billion (about \$1.66 million),” the report noted.
The group pointed out that Boko Haram and its affiliates received the highest portion of the ransom money collected during this period. The insurgent group, which operates mostly in the North-East region, has been responsible for many of the high-profile abductions in the country.
Apart from Boko Haram, several other armed groups and criminal gangs, especially in the North-West and North-Central zones, were also identified as being deeply involved in the kidnapping industry.
The report said kidnappers often target schools, highways, rural communities, and even city neighborhoods. Victims range from school children and farmers to government workers and commuters.
Tragically, of the 4,722 people kidnapped, at least 762 victims were confirmed dead, either during captivity or in the course of rescue attempts. Some victims were reportedly killed after their families failed to pay the demanded ransom on time.
In recent years, kidnapping for ransom has grown to become one of the most serious security threats facing Nigeria. The economic and emotional burden on families and communities has been devastating.
The SBM report has once again raised concerns about government efforts to protect citizens and combat rising insecurity. With thousands of lives at risk and billions being paid to criminals, the public is demanding more urgent and effective action.
