Mr. Owoade Mathew, popularly known as Onaiye, the Headmaster of Nomadic Basic School, Igbojaye, in Itesiwaju Local Government Area of Oyo State, has regained his freedom after spending days in the custody of his abductors.

Sources close to the victim’s family told NEWSMEN that Mr. Owoade was released at about 6:00 p.m. today

According to the sources, the kidnappers initially demanded a ransom of ₦30 million. Following negotiations, the family reportedly bargained the amount down to ₦3 million, which the abductors initially accepted. However, after the family had raised the ₦3 million, the kidnappers allegedly increased their demand to ₦5 million.

The family was said to have paid the ₦5 million before Mr. Owoade was eventually released around Ajibandele community.