The leader of the gang, has however, been arrested by the Ondo State Police Command.
The gang reportedly attacked the victim identified as Folashade Jayeoba and held her four kids hostage before leading her to an ATM to withdraw the sum after she said she had no money at home, Daily Post reports.
The leader of the gang, Samuel Ayodele, aged 23, was apprehended by the police shortly after the victim lodged a complaint.
While parading the suspect, the State Police Commissioner, Hilda Harrison, said the robbers invaded the house of the victim and stole some of her valuables, including a flat-screen television.
“They abducted the victim and her four children and led them to Keystone Bank in Alagbaka, Akure, where she was forced to withdraw N90,000.
He added,“They collected the money from the victim before she and the children were set free by the suspects,” he added
Daily Post reports that the victim alerted the police about the incident which eventually led to the arrest of the gang leader at Gaga Oke-Aro area in Akure.
The suspect reportedly confessed to the crime during interrogation and the stolen items were recovered from Ayodele's house.