Armed men, on Friday, abducted the Managing Director of Fouani Company, which represents LG and Hisense, along with three Lebanese while travelling by boat in Lagos, PUNCH Online reports.

Although the names of the victims have not been ascertained, it was learnt that they were abducted around Falomo Bridge while traveling from Apapa to Victoria Island.

A source familiar with the incident, who spoke on condition of anonymity because of its sensitive nature, told PUNCH Online that the kidnappers had reached out, demanding ransom.

“Yesterday (Friday) evening, the Managing Director of Fouani company (LG and Hisense) and three Lebanese were kidnapped around Falomo Bridge while traveling from Apapa to Victoria Island by boat.

“The kidnappers have asked for $1.5m,” the source said.

When contacted, the Lagos State Police Public Relations Officer, Benjamin Hundeyin, confirmed the development.

“Yes, it is true. We got the report and we are looking into it. Please, I’m not obliged to state more than that,” he simply said.

When our correspondent asked about the details of the names of the abducted persons, Hundeyin insisted, “I’m not obliged to state the names, when, where and how it happened for now but we are looking into it.” (Text, excluding headline: Saturday PUNCH)