Mr. Owoade Mathew, popularly known as Onaiye, the Headmaster of Nomadic Basic School, Igbojaye, in Itesiwaju Local Government Area of Oyo State, has regained his freedom after spending days in the custody of his abductors.
Sources close to the victim’s family told NAIJA METRO NEWS that Mr. Owoade was released at about 6:00 p.m. on Monday.
According to the sources, the kidnappers initially demanded a ransom of ₦30 million.
Following negotiations, the family reportedly bargained the amount down to ₦3 million, which the abductors initially accepted.
However, after the family had raised the ₦3 million, the kidnappers allegedly increased their demand to ₦5 million.
The family was said to have paid the ₦5 million before Mr. Owoade was eventually released around Ajebamidele community.
The source, who requested anonymity because they were not authorized to speak publicly on the matter, confirmed that the headmaster has reunited with his family.
GISTSMATE MEDIA earlier reported that Mr Owoade was abducted on Saturday evening, July 11, 2026, between 5:00 p.m. and 6:00 p.m.
According to the victim’s son, Mr Abiola Owoade, his father was returning from a visit to his farm when he was intercepted and abducted by the armed assailants.
Shortly after the abduction, the kidnappers reportedly contacted the family using the victim’s mobile phone and demanded a ransom of thirty million naira (N30,000,000) for his release.
However, at about 8:20 a.m. on Sunday, July 12, 2026, a search team recovered the victim’s motorcycle, which had been abandoned in a bush.
As of the time of filing this report, security agencies had not issued an official statement regarding Mr. Owoade’s release or the reported ransom payment.
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