four landlords in the Isheri North Area of Lagos were kidnapped as they went jogging on Saturday morning.
The gunmen who abducted them are now demanding a ransom of three hundred million naira each from the families of the victims.
According to reports, the abductors who established contact with the families yesterday evening said the captives would be released once the cash, one point two billion naira for the four abductees was deposited at a designated point.
They also threatened to harm the landlords if the demand was not met.
While visiting the Area on Sunday, the Commissioner of Police in Ogun state, AHMED ILIYASU disclosed that a massive manhunt for the kidnappers is underway.