The Managing Director of Smartpoly Products and Tokslordmat Ltd., Martins Adams, and his only son, Ireoluwa Adams, 7 have been kidnapped.

They were abducted on Sunday at about 5.30 p.m. at the company premises on 298, Lagos-Abeokuta Expressway, Pleasure Bus Stop, Iyana Ipaja, beside NNPC filling station.

A source at the Elere Police Station in Agege, Lagos confirmed that a director in the company reported the kidnap of the Managing Director of the polythene manufacturing companies and his son to the police.

“We learnt that the gunmen followed the family into the company premises which also served as their residence immediately they arrived from the church on Sunday in their car. They covered the man’s mouth with a cloth and tied the wife. They later transferred the man and his son from the car to their waiting car. At the gate, they told the gateman to go inside and untie the wife, and sped off,” the source narrated.

The source said immediately the gunmen sped away, the gateman took the phone and the company’s register at the gate and fled.

He revealed further that the abductors demanded for the payment of N30 million ransom for the release of the polythene manufacturing magnate and his son.

“We have set in motion the process for the release of the victims. We are also mindful of their safety and that is why it will be unwise to release much information on the kidnap now. But be assured that we are doing everything possible to ensure the release of the victims,” the top police source assured.

Investigations at the premises of the companies on 298, Lagos-Abeokuta Expressway revealed that the victims live within the premises of the company.

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