Thursday, August 13, 2026 - Kidnappers holding the Chairman of Jezco Group, Chief Sir Joseph Ezeokafor, have reportedly increased their ransom demand from N700 million to N1.5 billion.
The Anambra businessman was reportedly abducted in the early
hours of Tuesday, August 4, after leaving his residence for a prayer ground in
Awka.
He was said to have gone out without his security
personnel.
A source close to the family said the abductors initially
demanded N700 million for his release, Guardian reports. The family reportedly
agreed to the demand as part of efforts to secure his safe return.
However, the kidnappers subsequently raised the ransom to
N1.5 billion, according to the source, the publication adds.
The family is said to have remained open to negotiations,
but the abductors have reportedly stopped communicating with them
“The family
has been willing to negotiate and do whatever is necessary to secure his
release, but the kidnappers have suddenly stopped communicating,” the source
said, per Guardian.
The communication breakdown has reportedly complicated
efforts by the family to establish contact with the kidnappers and ascertain
Ezeokafor’s condition.
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