The mainly Fulani dominated group which was headed by one Ikechukwu Daniel had gotten information from police to perfect their plans.
Narrating the incidents, Daniel said
"We're perfecting plans to abduct him, before I was arrested. We narrowly missed abducting him when he attended a function in Ibadan, Oyo State, because of heavy security operatives. I told my gang members that we should go and re-strategize.Daniel, who joined the kidnap gang in 2014, was an Ahmadu Bello University, Zaria undergraduate in 200 level when he started hijacking petroleum tankers. He was arrested in 2012 and sent to prison in Oyo State. There, he met Mohammed Babuga, a Fulani, who eventually led him into kidnapping.
"There was someone working with him, who brought the job to us. I told my gang members that the first thing I would do to ensure the operation was successful was to carry out spiritual sacrifices to the gods.
"The sacrifice was to ensure I defeat Otedola spiritually. You know, a man like him is powerful spiritually. Then get army, DSS and police uniforms, because, without impersonation, there was no way we can get close to him.
"The last thing on our list was to ensure we monitor his movements. We were doing this, through our contact, who was close to him. We were supposed to strike on a day that he had a few security men with him.
"We were going to achieve this in November; if we succeeded, it would have been my last job. I was planning to demand N2bn. We were however hopeful that he'd negotiate for nothing less than N500m."