Kidnappers holding the Chairman of Jezco Group, Chief Sir Joseph Ezeokafor, have reportedly raised their ransom demand from ₦700 million to ₦1.5 billion, heightening concerns over the safety of the Anambra businessman.
Ezeokafor, a septuagenarian businessman, was reportedly abducted in the early hours of Tuesday after leaving his residence for a prayer ground as part of his annual spiritual retreat. He was said to have gone out without his security personnel.
A source close to the family said the abductors initially demanded ₦700 million for his release, a sum the family was reportedly prepared to raise as part of efforts to secure his safe return.
However, the kidnappers subsequently increased the demand to ₦1.5 billion, according to the source.
The family has reportedly remained willing to negotiate, but efforts to establish contact with the abductors have been unsuccessful after they allegedly stopped communicating.
“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.
The communication breakdown has further complicated efforts to determine Ezeokafor’s whereabouts and condition, leaving his family and associates increasingly anxious.
The reported development has also heightened concern among members of his community, who are awaiting news of his safe return.
More than a week after the reported abduction, the Anambra State Police Command and the state government had yet to issue an official statement on the incident, according to reports.
