Armed men, on Friday, who abducted the Managing Director of Fouani Company along with three Lebanese while travelling by boat in Lagos, have demanded a $1.5m ransom.
Fouani company represents both LG and Hisense in Nigeria.
The victims, whose identities have yet to be ascertained, were allegedly abducted around Falomo Bridge while traveling from Apapa to Victoria Island.
It was however learnt that the kidnappers had reached out, demanding ransom the $1.5m ransom before release the victims.
Already, the Lagos State Police Public Relations Officer, Benjamin Hundeyin, has confirmed the development.
He said that the police were already investigating the matter.
Details later….
