The farm is located at Ilado Village in Akure North Local Government Area of Ondo State.
It was gathered that the hoodlums did not steal anything on the farm but burnt down five hectares of the farm which, according to a source, was the oil palm plantation.
Falae was kidnapped in September 2015 by the herdsmen but was released three days later following the intervention of President Muhammadu Buhari who ordered the then Inspector-General of Police, Mr. Solomom Arase (rtd) to secure his release.