The Oniba of Iba community,

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The Abducted Lagos monarch was reportedly released on Saturday, August 6, 2016, after weeks in the hands of his captors.

One of the monarch's son, Kabiru Oseni, confirmed that the 74-year-old has been released, disclosing that he had returned via a jetty in the area.

Speaking with a correspondent of The Punch, a source reportedly disclosed that a ransom fee had been paid to secure the Monarch's safe return.

“The Oba did not come in like he was rescued by the police. His coming back was without fanfare. He just walked into the community. It is in doubt that the police were involved in the rescue. The kidnappers are believed to have let go of him on their own will after the payment of a ransom. We do not yet know the amount paid.”

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The abductors who had initially demanded the sum of N500m later reduced the amount to N40m. Although it is unclear if that was the sum paid.