The abductors of the students and staff of the College of Agriculture and Animal Science, Bakura in Zamfara State are demanding N350 million for their release.
The provost of the college Habibu Mainasara confirmed this to newsmen on Tuesday.
He said a total of 20 people were abducted, including 15 students, 4 staff, and a driver.
The gunmen had stormed the institution around 11 pm on Sunday and kidnapped the students and staff of the college.
During the attack, the gunmen killed two watchmen and a police officer.
Meanwhile, the Zamfara State Governor, Bello Matawalle, had promised to secure the release of the victims of the latest abduction by bandits in the state.