Family rallies security support as Lagos kidnappers insist on dollar payment

The family of Mrs. Olanike Ogundare, who was abducted from her residence in the Oke Agaye area of Ijedodo in Lagos, has enlisted the support of security agencies in efforts to secure her release.

Mrs. Ogundare was reportedly kidnapped around 1:00 a.m. when armed assailants stormed her home on Olufemi Ogundare Street in a coordinated operation. Eyewitnesses said the attackers, who appeared organised, overpowered a security guard at gunpoint before whisking her away to an unknown location.

Following the incident, the family has been working closely with the Nigeria Police Force and the Department of State Services (DSS), alongside local security stakeholders and community leaders, including Gani Adams.

Sources familiar with the investigation disclosed that the kidnappers have contacted the family twice, demanding a ransom of N60 million for her release. The communication was reportedly made using the victim’s phone, with negotiations being handled through an intermediary identified as Mr. Dapo Adeola.

Investigators have since observed a shift in the ransom demand, which has now been converted from naira to its equivalent in United States dollars. Security sources believe this adjustment may be a deliberate attempt by the abductors to complicate tracking efforts and evade financial monitoring systems.

It was further gathered that the victim’s husband has already transferred N5 million to the intermediary. However, authorities say it remains unclear whether the funds have been converted into foreign currency or delivered to the kidnappers.

READ ALSO: Outrage in FCT as kidnappers kill trader, teenage daughter after N12m ransom payment

Security operatives believe Mrs. Ogundare is still alive and in captivity, as efforts intensify to trace communications and monitor financial transactions linked to the case.

According to a source close to the investigation, the use of an intermediary presents both risks and opportunities. While it may obscure direct contact with the abductors, it also offers a potential channel for surveillance and intelligence gathering.

Authorities say urgent measures are ongoing, including tracking phone communications, monitoring financial flows, and supervising negotiations, as part of a coordinated strategy to ensure the victim’s safe rescue.

The incident adds to growing concerns over kidnapping and security challenges in parts of Lagos, with residents calling for increased vigilance and stronger protective measures in residential communities.