‘N12 Million Ransom Reportedly Paid’

The Oniwo of Afin, Oba Simeon Olanipekun, who was abducted by gunmen in Ifelodun Local Government Area of Kwara State, has regained his freedom after his family reportedly paid an additional N12m ransom.

The monarch was freed on Wednesday night, February 4, 2026 after spending about over month in captivity.

According  to report, the monarch was abducted along with his son, Olaolu, a serving member of the National Youth Service Corps, during a violent attack on his palace on New Year’s Eve

Olaolu was released two weeks following the payment of an initial N20m ransom.

A family source, who spoke with punch on condition of anonymity due to security concerns, confirmed the development, saying prolonged negotiations led to the traditional ruler’s release.

“It is true the monarch was released on Wednesday night after we paid N12 million and two power banks in addition to the earlier N20 million paid before” the source said.

“They dropped him at a local herders’ settlement around Oreke in Ifelodun Local Government Area. From there, he was taken to the military base in Oreke, where they contacted us.”

The source added that the monarch was receiving medical attention at an undisclosed hospital after suffering physical and psychological trauma during his captivity.

“He is in high spirits now. The family and the entire Afin community are grateful to everyone who ensured his safe release,” the source added.

However, the Kwara State Police Command confirmed the release of the monarch but denied knowledge of any ransom payment.

The spokesperson for the command, SP Adetoun Ejire-Adeyemi, told the publication on Thursday that the monarch had been reunited with his family following intensified joint security operations in the area.

“You are aware that their ongoing joint security operations on that axis and the bandits are fleeing, we are not aware of any ransom payment. The CP Adekimi Ojo has always frowned at ransom payment and always advised the victim’s family to always provide security agencies with credible information,” she added