The kidnappers of the Eleda of Eda-Ile in the Ekiti East Council Area of Ekiti State, Oba Benjamin Oso, have set him free.
The traditional ruler, who was on his farm with his wife on Friday, was whisked away into the forest by gunmen who invaded the farm.
The gunmen were said to have demanded N20m ransom before they would release the monarch.
A family source, however, told journalists on Monday that the king regained his freedom after N2m was paid to the gunmen on Sunday night.