Electronics business mogul Abass Fouani, his two brothers and two others have been freed from captivity by gunmen who seized the last week.
The group was rescued by the Lagos State police marine division even as family sources confirmed that ransom had been paid.
The Fouani brothers were kidnapped June 14 on their way home from work under the Falomo bridge. They were traveling by boat to their Banana Island residence in Ikoyi. The kidnappers demanded for $1.5m to release them.
Lagos State police spokesperson Benjamin Hundeyin confirmed the development.
“Yes five of them were rescued. Three Lebanese, the boat captain and his assistant.
“They were rescued late last night in Orugbo Iddo. Our Marine Police, with the support of the Nigerian Navy, brought them to shore.
“Thereafter, our tactical team in the area took them home on Banana Island in the early hours of today.”

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