<blockquote>The family of an Ikorodu-born business mogul, Alhaji Lookman Onabanjo, popularly known as Bugon has been thrown into panic, following his abduction, Monday, at Agbowa area of Ikosi-Ejirin Local Council Development Area of Lagos State.<br><br><b>He was kidnapped alongside his driver and three others, while on their way to his farm in Ota.<br>The kidnap was carried out by eight gunmen with seven AK-47 rifle and one submachine gun.</b><br><br>The businessman owns companies among which is Bugon Oil and Gas, Bugon Autoland and Bugon Farms.<br>Vanguard gathered that <b>three of the victims were released after some hours.</b><br><br>According to one of the freed victims, the gunmen made them trek for two hours until they got to a thick bush, where they were held.<br><br>A family source, who pleaded anonymity, told our correspondent that the kidnappers demanded N100 million as a ransom for their release, adding that the amount was still being negotiated.<br><br>The source said family and sympathisers were negotiating for N10 million while the kidnappers insisted on N100 million<br><br>When Vanguard visited the house of the victim located in Ota-Ona area of Ikorodu, it was under lock and key.<br><br>Similarly, Vanguard was at his defunct gas station where sympathisers were brainstorming on how to raise the ransom for the release of the victims.<br><br><b>A source in the neighbourhood said some other victims, who had been kidnapped alongside the businessman, allegedly paid N15 million and an extra N5,000 as ransom for their release.<br>The source said: The N5,000 was added when they threatened that if the N15 million was incomplete both victims would be killed.<br><br>The ransom was collected at Emuren Pipeline area before the victims were released. They came out of a bush near Adama.</b><br><br>The source said Imota, where the unfortunate incident happened, shares a boundary with Ogun State, where criminal activities thrive.<br><br>It would be recalled that a staff of the Ikeja Local Government in Lagos State, Mr Shamsideen Omotayo, was kidnapped by unknown gunmen on Agbowa-Imota Road, near Ikorodu in August 2017.<br><br>Similarly, a businessman was kidnapped in the axis some years back and released after a ransom of N2 million was paid.<br><br>At press time, Lagos State Police Public Relations Officer, CSP Olumuyiwa Adejobi, promised to get back to this reporter on the development.</blockquote><br>Source:<br><a href="https://www.vanguardngr.com/2021/03/lagos-socialite-4-others-kidnapped-n100m-ransom-demanded/">https://www.vanguardngr.com/2021/03/lagos-socialite-4-others-kidnapped-n100m-ransom-demanded/</a>
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