Abductors of Anambra Billionaire Businessman, Jezco, Demand N1.5 Billion Ransom

The abductors of Chief Sir Joseph Ezeokafor, the chairman of Jezco Group, have reportedly escalated their ransom demand to N1.5 billion, according to Arise TV. Ezeokafor, a businessman in his seventies, was allegedly kidnapped in the early hours of Tuesday while en route to a prayer ground for his annual spiritual rejuvenation.

A source close to the family, speaking anonymously, informed Arise TV that the kidnappers initially sought N700 million for the businessman's release. The family was reportedly prepared to negotiate this amount to secure his freedom. However, the abductors subsequently raised their demand to N1.5 billion.

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The family was reportedly prepared to negotiate the payment in a bid to secure his freedom.

The source further disclosed that communication between the kidnappers and the family has since ceased. This breakdown occurred despite the family's reported willingness to continue negotiations. Attempts to re-establish contact with the abductors have so far been unsuccessful, leaving the businessman's relatives in a precarious situation.

Ezeokafor reportedly left his home around 2 a.m. without his security detail, making him vulnerable to the abductors. The incident has caused concern among his associates and community members. Notably, neither the Anambra State Police Command nor the state government has publicly commented on the abduction, which occurred about a week ago. The circumstances surrounding his whereabouts and the ongoing efforts to secure his release remain unclear.

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communication between the kidnappers and the family had since broken down, despite the family’s reported willingness to continue negotiations.