The kidnappers, who abducted four landlords around Lekki Gardens Estate, in the Isheri North area of Lagos State, have demanded N300m each to release their victims, Punch reports.
The abductors were said to have called the family members of their victims on Sunday to make the demand, threatening to harm the landlords if the demand was not met.
Gunmen on Saturday kidnapped nine landlords at Isheri, Ogun State according to News24.
They were said to have shot sporadically into the air before taking away their victims in a speedboat.
The landlords were having a routine exercise beside Lekki Gardens Estate when they abducted.
Those who escaped the attack said they hid in the water for over one hour until security operatives arrived in the area.
A source in the community said the kidnappers had contacted families of the victims and demanded ransom, describing the demand as unrealistic.
Meanwhile, the Assistant Inspector-General of Police in charge of Zone 2 Police Command, Lagos, Abdulmajid Ali, has raised a team to go after the hoodlums.
A statement on Sunday by the spokesperson for the command, Muyiwa Adejobi, said the team had been given an order to rescue the victims unhurt.
– News 24