The Baale of Araromi Idowu Community, Ido local government area in Oyo State, Baale Tafa Apapan and his wife have been released.
The duo was abducted by gunmen suspected to be herdsmen in the early hours of Tuesday from his home.
Unconfirmed sources said they were released after the abductors collected N2million ransom from the family.
Effort to confirm the release from the Police proved abortive as calls to Oyo Police spokesman were not answered.
Chairman, Ido local government, Mr Sheriff Adeojo, confirmed the release.