Falae’s family raise N2 Million as Abductors reduce ransom to…

There is tension in Ondo State over the abduction of the former Secretary to the Government of the Federation (SGF), Chief Olu Falae.

Falae, the traditional ruler (Olu) of Ilu Abo, a village in Akure North Local Government Area of Ondo State, was kidnapped on his farm in Ilado village.

According to the Newsmen, His abductors have reduced the N100 million ransom they earlier demanded to N90million, an aide said yesterday.

The aide, who pleaded for anonymity, said in Akure that the abductors called the family on Monday night and agreed that they could bring N90 million.

The source, however, said the family had raised N2 million.

He said the negotiation was still on between the family and the abductors.

“When they called us on Monday night, they said they could only reduce the ransom to N90 million, but we cannot afford that.

“We begged them to take N2 million but they rejected it; they said they would call us back today but as at this moment, they have not called,” the source said.

When the Newsmen visited the residence of the former Minister for Finance, reporters were still barred from talking to his wife, Rachael.

…. More details later

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