Armed men, on Friday, abducted the Managing Director of Fouani Company and three Lebanese while travelling by boat in Lagos.

Thelagostimes gathered that the victims were abducted around Falomo Bridge while traveling from Apapa to Victoria Island.

Although the names of the victims have not been ascertained, a source familiar with the incident, who spoke on condition of anonymity, 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 was quoted to have said.

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