The Managing Director of Fouani Company and three Lebanese nationals were taken by armed individuals while travelling by boat from Apapa to Victoria Island, near Falomo Bridge.

An anonymous source mentioned that the kidnappers have requested a ransom of $1.5 million for the release of the victims.

Benjamin Hundeyin, the Lagos State Police Public Relations Officer, confirmed the incident and assured that the authorities are investigating the case, refraining from disclosing further details at the moment.