The kidnappers of four students, a teacher and the Junior School Principal of Lagos State Model College, Igbonla in Epe, Lagos State have reduced their ransom demand to N30 million.
The initial demand was N120 million.
The incident occurred on Thursday as the school was resuming.
It was gathered that kidnappers have reached out to the families of the victims.
While one of the parents was told to produce N20 million, another was asked for N10 million.
Lago State Commissioner of Police, Mr Fatai Owoseni, had disclosed that he deployed large number of police operatives to locations regarded as flash points in the state.
“These flash points will be policed on a 24-hour basis, starting from now on.
“Members of the public are to assist in giving timely information about any suspect,” Owoseni said.