The former lawmaker, who had spent about four days in the camp of his abductors, is expected to regain his freedom once the family and his abductors reach agreement on the amount.
The kidnappers had insisted on N5 million as ransom, while the family said that it could only afford half of the amount, N2.5 million.
The abductors, it was learnt, had reportedly told Olabimtan’s family that they had helped them enough by reducing the amount from initial N20 million to N5 million.
However, a source explained that the family is hopeful that the kidnappers might still reduce the ransom but the family and the abductors were still negotiating as at the time of filing this report.
New Telegraph reported that Olabimtan’s wife, Rachael, expressed optimism that her husband would reunite with the family as everything according to her is in God’s control.
Commenting on the abduction of his principal, secretary of Olabimtan Organisation, Gboyeya Ajayi, said they hoped that the ex-speaker would be released soon.
Ajayi pointed out that several prayer groups had been praying for the quick release of the APC gubernatorial candidate.
Olabimtan was abducted shortly after he declared his intention to rule Ondo state and was said had been Kidnapped on Sunday, January 10, while on his way to Abuja.
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