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Dangote Cement Workers Held Captive For One Week As Kidnappers Demand ₦5 Million Ransom
Dangote Cement Workers Held Captive For One Week As Kidnappers Demand ₦5 Million Ransom
Workers from Dangote Cement Company Plc in Okpella Community, Etsako Area of Edo State, have been held captive for a week after being kidnapped by gunmen. The kidnappers are demanding a ₦5 million ransom for the release of one of the victims, Abah James Ogwu……..CONTINUE READING....KINDLY READ THE FULL STORY HERE▶
Key Points:
- Abduction Incident: Last Monday, Ogwu and his colleagues were ambushed and kidnapped by gunmen while returning home on their staff bus.
- Ransom Negotiations: Initially, the kidnappers demanded ₦15 million, but reduced it to ₦5 million after several pleas from the victims’ families.
- Fundraising Efforts: Victor Ogwu, the son of one of the victims, shared that the family has managed to raise ₦2 million through the help of friends, family, and by selling land. However, the kidnappers have not responded after being informed of the amount.
- Appeal for Help: Victor expressed frustration over the lack of police intervention and has called for assistance from Dangote Company and the police force.
Victor Ogwu’s Statement:
Victor detailed the family’s ordeal in an interview with PUNCH. He said, “My dad works in the administrative department, and he was kidnapped as well. The kidnappers called my mother and uncle last week Wednesday. They also called two days later that ₦15 million was the ransom. We pleaded with them that we could not afford it, so they called on Saturday and said they had reduced it to ₦5 million.”
Fundraising Efforts:
Victor added, “We have raised ₦2 million with the help of friends, families and the proceeds from the land we sold in the village. Today, those kidnappers called my uncle and he told them that he has ₦2 million, but they have not said anything since then. We are still waiting for their call. I have been begging online for funds because we do not have enough money for the ransom.”
Call for Intervention:
Victor also highlighted the lack of visible effort from the Edo State Police Command and urged both Dangote Company and the police force to assist in securing the release of the kidnapped workers. He mentioned, “I do not know if the Edo State Police Command is making any effort to ensure their release because I and my mother are based in Ogun State. I want Dangote Company and the police force to intervene in this case, and help us out.”
Police Response:
Chidi Nwabuzor, the spokesperson for the Edo Police Command, confirmed that investigations are ongoing. However, there has been no update on the progress of these investigations or any immediate action being taken to resolve the situation.
This tragic event underscores the urgent need for more effective security measures and support systems to protect workers and their families from such traumatic incidents.
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During an interview on Channels Television’s ‘Politics Today’, former minister Rotimi Amaechi dismissed recent comments made by FCT Minister Nyesom Wike regarding his selection as a running mate, stating that he does not respond to subordinates and noting that Wike never employed him.....KINDLY READ THE FULL STORY HERE▶
Additional context regarding the political exchange includes:
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Wike’s Remarks: During a media briefing, Wike alleged that Amaechi’s selection was financially motivated rather than strategic, questioning his electoral viability and political influence post-2011.
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Amaechi’s Response: Maintaining that he is currently focused on mourning, Amaechi indicated that he intends to respond more forcefully once his campaign activities officially begin.
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Criticism of Leadership: Doherty argued that Obasanjo’s decision to entrust the management of the Lagos State PDP chapter to George was a mistake and that the affairs of the state branch were poorly handled.
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Internal Party Crises: Displaying reconciliation documents during the broadcast, he noted that past efforts by respected party elders to resolve internal party disputes have failed to secure long-term peace.
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Call for Youth Empowerment: Doherty emphasized that the ongoing leadership struggles should pave the way for a younger generation to take charge of the nation’s political future, regardless of party affiliation.
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SHOCKWAVE IN FOREX MARKET: See How Much A Dollar Costs Today, August 5!
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Parallel (Black) Market Rates: According to Bureau De Change (BDC) sources in Lagos for Tuesday, August 4, 2026, the parallel market traded the US Dollar at a buying rate of ₦1,410 and a selling rate of ₦1,425.....KINDLY READ THE FULL STORY HERE▶
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Official CBN Rates: Central Bank of Nigeria figures recorded rates ranging from a low of ₦1,361 to a high of ₦1,364.
Key Advisory Notes
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Regulatory Stance: The CBN does not officially recognize the parallel market and advises individuals engaging in foreign exchange transactions to utilize authorized banking channels.
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Price Variance: Actual market transaction rates may differ across various dealers and locations due to continuous market fluctuations.
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