A family source told NaijaTrendCompass on Saturday that Ogundare was freed after the family coughed up a ransom of $17,500. 

he family of Mrs. Olanike Ogundare, who was abducted from her residence in the Oke Agaye area of Ijedodo, Lagos State, has confirmed that the woman has been released by her captors. 

A family source told SaharaReporters on Saturday that Ogundare was freed after the family coughed up a ransom of $17,500. 

NaijaTrendCompass earlier reported that the family engaged security agencies, including the Nigeria Police Force and the Department of State Services (DSS), to facilitate her rescue.

Mrs. Ogundare was reportedly taken at about 1:00 a.m. on Wednesday from No. 1 Olufemi Ogundare Street by armed kidnappers.

According to accounts from the neighbourhood, the attackers carried out a coordinated operation, overpowering the security guard on duty at gunpoint before whisking the victim away to an unknown destination.

Community leaders and local security stakeholders had also been mobilised, including Gani Adams, the leader of the Oodua People’s Congress.

Sources familiar with the development had earlier told SaharaReporters that the abductors had contacted the family twice, demanding a ransom of ₦60 million for her release. 

According to sources, the kidnappers used the victim’s phone number, with calls received by one Mr. Dapo Adeola, who is reportedly acting as an intermediary in the case.

The abductors were said to have initially demanded ₦60 million ransom, but the demand was converted to United States dollars, suggesting what investigators believe may be an attempt to complicate tracing and payment monitoring.

It was gathered that ₦5 million had already been transferred by the victim’s husband to Adeola.