The abductors of the former Speaker of the Ondo State House Assembly, Victor Olabimtan, has reduced their ransom demand to N5 million after a "serious and tough" negotiation with his family members.
This according to an aide who spoke under the condition of anonymity , the abductors spoke "extensively, using different mobile lines" late on Monday night to negotiate with the family for the quick release of the former speaker.
According to the aide, the kidnappers had initially demanded the ransom of N20 million naira but later reduced the price to N5 million after the family had pleaded for leniency considering the economic hardship in the country.
"These boys [the kidnappers] gave us a tough time. It was a serious of negotiation. We had to start begging them to release Mr. Olabimtan, pricing the freedom of a fellow man like pricing food stuff.
"Right now, the family is reaching out to political associates and friends in order to raise the fund. But, I know by the grace of God, our leader would return very unhurt", he said.
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