Update: Falae's Kidnappers Demand 100 million Ransome

Reports reaching us have indicated that the kidnappers of Olu Falae, a chieftain of Afenifere and National Chairman of the Social Democratic Party (SDP), have demanded for a N100 million ransom.

Chief Falae, a former secretary to the government, was kidnapped from his home in the Akure North Local Government Area of Ondo State early Monday.

According to Remi Olayiwole, the spokesperson for SDP, the kidnappers demanded that the ransom be paid latest by end of Tuesday.