The nine travellers abducted on Ifira Akoko-Ido Ani road in Akoko South East Local Government Area of Ondo State have been set free.
The victims, who were traveling in a Toyota Sienna bus, were abducted last Friday by gunmen while coming from Abuja to Lagos State.
The hoodlums were said to have initially contacted the families of the victims, demanding a sum of N100 million for the release of the victims, but the amount was later reduced to N10 million.
It was, however, gathered that the victims were released on Tuesday evening after an undisclosed amount of money was paid to the hoodlums.
A family member of one of the victims, Bamidele Ojo, confirmed to journalists in Akure that the abductors contacted the family for the payment of the ransom and it was paid.
He, however, declined to disclose the exact amount paid.
In a reaction, the state Police Public Relations Officer of the command, Mr Tee-Leo lkoro, confirmed the development.