Ex Finance Minister Olu Falae Kidnapped As Herdsmen Assailants Ask For N100 Million Ransom-The assailants who kidnapped the former SFG and ex-Finance Minister, Chief Olu Falae are demanding a ransom of N100 Million.
The former Secretary to the Government of the Federation, was picked up by his abductors from his farmland in Ilado, along Igbatoro road, in Akure, the capital city of Ondo State.
His fate is still unknown but reports claimed that his wife had been contacted while ransom of N100Million had been demanded for which must be paid before the end of Tuesday September 22 2015.
Falae who was also a former Minister of Finance is a high chief and one of the kingmakers in Akure, the Ondo State capital.
He is an economist of high note and true statesman and popular politician who served the nation with all high mighty ideas and knowledge and dedication. He is a strong and very prominent Yoruba personality.
Unconfirmed source claimed the 77 years old elder statesman was picked up by fully-armed Fulani herdsmen from his farm in Akure while the politician was busy toiling in his farm.
The assailants about numbering 20, invaded the farm at about 12.30pm on Monday and brutally beat up Falae and attacking some of his farm workers who tried to protect him. The workers were overpowered by gun shots from the kidnappers.
It was also claimed that Chief Falae had had the experience before and had been confronted by these Fulani cattle rear-ers who entered his farm unlawfully and allowed the cattle free grazing.
According to sources: It was actually Papa’s birthday and the day had been laced with merrymaking as he was celebrating his 77the birthday on Monday”
The former Secretary to the Federation and National Chairman of defunct Social Democratic Party was in celebration mood when the assailant who were visibly Fulani herdsmen struck, shooting sporadically into the air to scare away anyone that could sabotage their efforts or circumvent the move to seize him.
The Director of Administration and Publicity Secretary of the SDP in the state, Mr. Remi Olayiwola, broke the news to journalists.
“It was confirmed that Baba went to his farm as usual in Ilado. The gunmen went to his farm where they attacked and kidnapped him,” Olayiwola said. He disclosed that the kidnappers have contacted the family members of the victim and demanded the sum of N100 million before he would be released from their den.
“The abductors have contacted Chief Olu Falae’s wife and they are demanding the sum of N100 million before they would release him,” he said.
The State Chairman of the SDP, Chief Korede Duyile, reaffirmed the news of the abduction, saying, “all we can confirm to you now is that Baba Falae has been kidnapped.”
The septuagenarian, who is the former minister of Finance in the administration of the first Military President, Gen. Ibrahim Babangida and later became the Presidential Candidate of the Alliance for Democracy (AD) in 1999, was said to have been attacked before he was whisked away.
It was also gathered that some of his workers in the farm were also attacked by the suspected Fulani, who reportedly shot sporadically into the air to scare away nearby people and forestalled any circumvention of their dastardly act.
Attempts to speak with the wife of Falae and some of his workers, who escaped the assault on the farm failed as relatives and sympathizers argued
The State Police Public Relations Officer (PPRO), Wole Ogodo, confirming the news to journalists in a phone interview on Monday said the victim and his abductors had been having running battles on the farm land for some months, escalating into the unfortunate incident as many of Falae’s workers sustained various degrees of injury.
“Baba Falae has been having a running battle with the herdsmen, and this morning, we learnt that he visited the farm and he was allegedly attacked by those herdsmen.”
Ogodo said the state Police Command has swung into action to rescue Falae and ensure the culprits face the wrath of the law. “We have sent 50 of our men to the farm to begin the search for him.”