Police authorities in Lagos State has said the Managing Director of Fouani Company, an LG and Hisense subsidiary, Mohamed Fouani, kidnapped alongside two Lebanese, the boat captain and his assistant, were rescued in a midnight raid.

The five were rescued late on Monday night, in Orugbo Iddo area of Lagos, by the state Marine Police, with the support of the Nigerian Navy.

Police Public Relations Officer Benjamin Hundeyin, confirmed the victims' rescue, saying: "Last night in Orugbo Iddo, five of them, three Lebanese, the boat captain and his assistant, were rescued."

"Our Marine Police with the support of 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."

Recall that on Friday, while sailing from Apapa to Victoria Island, the boat captain and his assistant, two other Lebanese nationals, and the Managing Director of the Fouani Company (LG and Hisense) were abducted close to Falomo Bridge.