Abductors of the former Minister of Finance, Chief Olu Falae, and the family have begun negotiations on the ransom demanded for the release of the septuagenarian who was kidnapped on his farm on Monday.
While the kidnappers reduced the ransom from N100 million to N90 million, the family said it was able to raise N2 million for his release.
But the abductors were said to have rejected the amount offered by the family.
A family source said the abductors called the family late on Monday night and insisted that the family should raise N90 million if they could not afford the N100 million demanded.
“At the time they called us on Monday night, they said they would only reduce the ransom to N90 million but we cannot afford that, so we begged them to accept N2 million and they rejected it.
“They said they would call us back today (Tuesday) but as at this moment, they have not called,” the source stated.
Similarly, the founder of the Oodua People’s Congress (OPC), Dr. Frederick Fasehun, has called for the immediate release of his birthday mate, Chief Falae.
Born on September 21 like Falae, a visibly agitated Fasehun, who became an octogenarian, said in Lagos yesterday that he had ordered OPC operatives to immediately launch a manhunt, combing all nooks and crannies of Ondo State and beyond for the kidnapped politician.
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