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The abductors of Chief Olu Falae have demanded for N100m as ransom before the septuagenarian could be freed from their captivity.

The Former Secretary to the Government of the Federation SGF and chieftain of the Afenifere, Chief Samuel Oluyemisi Falae Monday received the shock of his life on his 77th birthday as gunmen numbering over 20 invaded his farm in Ilado village, Akure north area of Ondo state and kidnapped him‎.



He was abducted at about 1pm and by 3.20pm, the abductors have demanded for N100 Million as ransom before the septuagenarian could be freed from their captivity.

Over 50 policemen have been deplored to the village and it’s environ to search for him just as the state governor Dr Olusegun Mimiko has summoned an emergency state Security Council meeting on the matter.

Born on September 21, 1938, the former Finance minister was kidnapped by over 20 Fulani herdsmen who invaded his farm, attack his over 200 workers.

The 77-year-old politician was secretary to the military government of Ibrahim Babangida from January 1986 to December 1990 and was briefly the Finance Minister in 1990.

He ran for Nigeria’s president in 1999 on the joint platform of the Alliance for Democracy (AD) and the All People’s Party (APP) against Olusegun Obasanjo of the Peoples Democratic Party (PDP).

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