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.
He was kidnapped alongside his driver and three others, while on their way to his farm in Ota. The kidnap was carried out by eight gunmen with seven AK-47 rifle and one submachine gun. The businessman owns companies among which is Bugon Oil and Gas, Bugon Autoland and Bugon Farms.
It was gathered that three of the victims were released after some hours. 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.
A family source, who pleaded anonymity, told Vanguard that the kidnappers demanded N100 million as a ransom for their release, adding that the amount was still being negotiated.
The source said family and sympathisers were negotiating for N10 million while the kidnappers insisted on N100 million. When Vanguard visited the house of the victim located in Ota-Ona area of Ikorodu, it was under lock and key.
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