7 Suspects Arrested After Dramatic Kidnapping and 20 Million Birr Ransom in Addis Ababa

Date:

Share post:

The National Intelligence and Security Service (NISS) has announced the arrest of seven suspects who received 20 million birr after kidnapping an investor in Addis Ababa.

Kidnapping and Ransom Demand

The suspects demanded 100 million birr initially but settled for 20 million birr after several negotiations, according to the service office. Mr. Engidaw Wudu, an investor engaged in coffee export, was targeted by the kidnappers who studied his wealth status and activities by renting a vehicle for up to 1,300 birr per day.

Abduction and Monitoring

The kidnappers abducted Mr. Wudu when he was leaving his house in Bole Bulbula 93 Mazoriya, Addis Ababa, and took him to Awash Melkasa. Following the abduction, the NISS deployed intelligence officers to monitor the situation, coordinate with security agencies, and ensure the safe return of the hostage.

Family’s Response and Ransom Payment

The kidnappers repeatedly contacted Mr. Wudu’s family, demanding 100 million birr and threatening to kill him if the ransom was not paid. Unable to meet this demand, the family paid 20 million birr in gold and dollars to secure his release.

Arrest of Suspects

The NISS closely monitored the exchange and, after confirming Mr. Wudu’s release, coordinated with Oromia and Addis Ababa police to arrest the suspects. Despite the kidnappers using multiple false identities, the NISS successfully apprehended them. Various weapons, sniper rifles, documents, and significant amounts of Ethiopian Birr and US Dollars were seized during the arrest.

Safe Return and Ongoing Operations

Mr. Engidaw Wudu was safely reunited with his family. The NISS has called on the public to support and cooperate with security agencies by providing information to help hold criminals accountable. The NISS expressed gratitude to the Addis Ababa Police and Oromia Regional Police for their participation in the operation, confirming that such actions will continue to ensure public safety.

Addis Insight
Addis Insighthttps://addisinsight.net/
Addis Insight is Ethiopia’s fastest growing digital news platform, providing consumers with the latest news from Ethiopia and its diaspora. We provide marketers with innovative opportunities to leverage our stories and overall brand with a fiercely curious and highly engaged audience.
spot_img

Related articles

From Directions to Connections: How Konta’s TikTok Fame Is Redefining Ethiopian Marketing

Viral by Chance, Famous by Choice: The Rise of Ethiopia's Unintentional TikTok SuperstarsWhy focus only on the negatives...

Residents Ordered to Leave Bishoftu Amid Land Leases to Emirati Investors

In an effort to position the city as an "East African tourism center," reports have emerged that significant...

Ethiopian Stock Exchange Faces Challenges as Broker Participation Falls Short

Ethiopia’s efforts to establish a vibrant stock market are facing significant hurdles, with the Ethiopian Securities and Exchange...

Abyssinia Bank Reports Over 5 Billion Birr Gross Profit for 2023/24 Fiscal Year

Abyssinia Bank has reported a gross profit of 5.28 billion birr for the 2023/24 fiscal year, representing a...