10 out of the 16 traders kidnapped on Saturday morning have been rescued, the Ondo state police command.
According to the police, the traders were abducted along the Akure-Owo highway by gunmen.
Addressing the journalists in a chat, the Police Public Relations Officer in the state, ASP Tee-Leo Ikoro said the police was supported by other security agencies.
Ikoro said the 10 traders were rescued after a gun duel with their abductors.
He said four of the suspected kidnappers were arrested while efforts were on to rescue six other victims.
According to report, the traders were returning from Akure where they attended the monthly meetings of Iyalaje, Iyalojas and women leaders when they were abducted between Ogbese and Uso.
Among those abducted were Mrs Hellen Edward, the Iyaloja of Isua Akoko.
The driver of the kidnapped traders simply identified as Jimi who was asked by the abductors to go and inform families of the victims said they were returning from Akure when they ran into 10 gunmen shooting sporadically to scare people.
He said occupants of two other vehicles were equally robbed and the occupants kidnapped.
It was learnt that the abductors had already demanded N11m ransom before the gun battle.
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