Four persons suspected to be herdsmen have abducted a middle aged businessman identified as Oyewale Akinwande at Idoani in Ose Local Government Area of Ondo State.
The abductors were said to be masked and came into the Saw mill through the forest yesterday morning when many people were yet to get to the area for work.
The victim popularly called Honourable was reportedly kidnapped at his sawmill located in the town.
It was learnt that the kidnappers had demanded a N5m ransom as condition for the release of the captive.
According to a community leader in the town, Mr Oladele Olapeju, the gunmen operate along Ipele-Idoani road were armed with machetes, guns and other dangerous weapons.
Olapeju appealed to security agents to ensure that the victim is released in no distant time.
He said, "the victim was seized while switching on the generator, and that the suspected herdsmen shot into the air to scare away workers and others around before dragging him out of the sawmill premises."
The community leader, however, lamented that the Fulani herdsmen have taken over the farmland in the community, stressing that his over 30 hectares farm crops were destroyed by cattle grazing on farms.
The Police Public Relations Officer (PPRO) in the state, Mr Femi Joseph confirmed the incident.
Joseph, however, called for calm, stating that "the police are already on the trail of the abductors."
Also while assuring the people of the state a hitch-free yuletide season, the PPRO said "the kidnappers would be arrested and prosecuted."