Asaju, who was reportedly on his way to Abuja, was kidnapped on Sunday evening on the Lokoja-Abuja Road.
A source at the hospital said he travelled to Abuja for a meeting scheduled for Monday.
The source added that the suspected kidnappers contacted the victim’s family and demanded N5 million ransom.
Ondo State Police spokesman, Femi Joseph said the incident occurred outside the command’s jurisdiction.
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