Akure, the Ondo state capital was thrown into jubilation on Thursday following the release of the former Secretary to the Government of the Federation (SGF)and Chieftain of the pan Yoruba Socio-cultural organization, Afenifere.
Falae regained freedom after four days of hostage.
Falae who is the National Chairman of the Social Democratic Party (SDP) was on Monday abducted in his farm in Ilado, Akure North Local Government Area of Ondo state by hoodlums suspected to be Fulani herdsmen.
The frontline Yoruba Leader clocked 77 on the same day he was kidnapped and spent four days in the captive of his abductors before he regained freedom.
The IGP, Arase led top Police officers who rescued Falae to the Government house where the freed Politician was received by the state Governor, Dr Olusegun Mimiko at exactly 4.30 pm amid ecstasy by residents of Akure, hometown of Falae.
The IGP who handed over Falae to Governor Mimiko decried the high level of kidnapping and other criminal acts in the country, saying the Police would soon overcome the trend.
Arase who informed that no amount was paid as ransom on Falae, disclosed that the Afenifere Leader was found by Police officers along Owo/Akure express road, saying he was dropped on the road by his kidnappers.