N40 million ransom has being demanded by the abductors of the Laragunsin of Iyasan, Oba Abiodun Oyewunmi. It will be recalled that the Oba was abducted on Monday in the presence of his son, Folarin Oyewunmi.
The kidnappers have now started communicating yesterday with his family, after they called his son and asked that N40,000 recharge cards be sent to them, else, they won't be ready to communicate with the family on the Oba.
An unspecified amount of recharge cards were however sent by the family after which the negotiation on the ransom commenced. They have demanded the sum of N40m, but the family is asking to pay N500,000.