Armed men abducted the Managing Director of Fouani Company, the representative firm for LG and Hisense, along with three Lebanese on Friday.
The incident occurred as they travelled by boat from Apapa to Victoria Island, around Falomo Bridge.
Sources familiar with the case confirmed to Punch the abduction and subsequent ransom demands.
The kidnappers have reportedly reached out, demanding a ransom of $1.5 million.
Yesterday (Friday) evening, the Managing Director of Fouani Company (LG and Hisense) and three Lebanese were kidnapped around Falomo Bridge while travelling from Apapa to Victoria Island by boat. The kidnappers have asked for $1.5 million, the source disclosed.
The Lagos State Police Public Relations Officer, Benjamin Hundeyin, reacting to this, 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 said.
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