Abductors of a former Secretary to the Government of the Federation (SGF), Chief Olu Falae, have reduced the ransom earlier placed as a pre-condition for his release from N100million to N90million.
Falae, who was the presidential candidate of the All Peoples’ Party (APP) in 1999, was abducted on his farmland in Ilado, Akure North local government area of Ondo State by suspected herdsmen on Monday.
Sources within the family said negotiation was still on between the family and the abductors.
But it is unknown if the kidnappers have allowed Falae to speak with his relations.
The state’s Commissioner of Police, Mr. Mike Ogbodu, who assured the family on the police readiness to rescue Falae alive, has taken over the investigative team.