Nigeria, April 29 -- ‎The gunmen who kidnapped Afolabi Ajayi, a farm manager, on Monday at Imafon, in Akure North Local Government Area of Ondo State, have demanded N500million to free him.

A family source disclosed this to PREMIUM TIMES on Wednesday.

The source said the bandits reached out to members of the family of the victim to make the demand.

"The kidnappers have called the family today and they demanded N500 million before they can release him," the family source said.

‎‎"We are troubled now and we don't know where we are going to get that kind of money from.

‎‎"Efforts are still ongoing to see if they can still review downward the ransom they are asking for."

This newspaper reported that Mr Ajay...