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An attempt to kidnap Nigeria’s billionaire oil tycoon Femi Otedola for a ransom of about $3m (£2.4m) has been foiled, said Nigerian police. Three men were arrested for an attempt to abduct Mr Otedola, whose fortune has been listed by Forbes in their magazine at $1.8bn

The planning for such an attempt was done by a former university student who was an ‘IT guru’. The second suspect was an officer of the Nigeria Security and Civil Defence corps who took undue advantage of his post to obtain the GSM number and location of their would be victim.

The third man who was arrested was the gang’s ‘straight shooter’ and armourer’.  He had been dismissed from the army in 2015.

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