Abducted MD of Fouani coy, 3 others still in captivity

The Lagos State police command has confirmed that the managing director of Fouani Company and three of his Lebanese brothers are still being held captive by gunmen.

The incident occurred on Friday when the victims, who work for Fouani Nigeria Ltd, the sole distributor of LG, Hisense and Maxi products in Nigeria, were sailing from Apapa to Victoria Island.

The abducted brothers – Abbas Fouani, Youssef Fouani and Amtal Fouani – were seized around 6pm under the Folomo bridge while traveling by boat.

According to reports, the kidnappers, who were aboard two speed boats, have demanded a ransom of $1.5 million from the victims’ families.

• Deal with terrorists, cleric urges Tinubu
• Let SIECs be

Expressing a bleak outlook, a police source who did not want his name mentioned said, “As it stands, there is no hope in sight as the kidnappers have not made contact again since yesterday.”

Meanwhile, the police public relations officer, Lagos State command, SP Benjamin Hundeyin, confirmed the incident, saying, “Yes, there has not been any contact yet, but we are actively managing the situation.”