A reliable source told us that the family were, however, pleading to pay N500,000 for the release of the Oba but that it was rejected by the kidnappers.
The kidnappers of the monarch reportedly opened the line of communication through his son Folarin Oyewunmi, who was in the palace when he was abducted on Monday at about 10pm.
It was gathered that the kidnappers phoneed Folarin and requested that a recharge card of N40,000 value be sent to them as a prelude to open discussion on the release of the Oba.
They reportedly insisted that until the recharge card was sent, they would continue to keep the Oba incomminicado from the family.
An unspecified amount of recharge card was sent by the family, after which the negotiation on the ransom commenced yesterday.
The son was reportedly allowed to speak with his father to show that he was with them and was hale and hearty.
We posted earlier today that 10 unknown gunmen invaded the king’s palace on Monday and whisked him away to an unknown destination.