springnews 
Suspected kidnappers have abducted an Ikorodu-born business mogul, Alhaji Lookman Onabanjo, popularly known as “Bugon”
It was gathered that the victim was kidnapped by an 8-man gang armed with AK-47 rifle and one submachine gun at Agbowa area of Ikosi-Ejirin Local Council Development Area of Lagos State on Monday, March 8.
He was said to have been kidnapped alongside his driver and three others, while on their way to his farm in Ota, Ogun State. The businessman owns companies among which is Bugon Oil and Gas, Bugon Autoland and Bugon Farms.
It was further gathered that three of the victims were released after some hours. According to one of the freed victims, the gunmen made them trek for two hours until they got to a thick bush, where they were held.
A family source, who confirmed the incident to Vanguard on Wednesday, said the kidnappers have demanded N100 million as a ransom for their release.
