The Ogun State Police Command said that it had rescued three persons kidnapped at Ode-Omi community in Ogun Waterside Local Government Area of the state on Sunday.
A statement issued in Abeokuta by the Police Public Relations Officer, Abimbola Oyeyemi, said the victims were rescued unhurt.
The News Agency of Nigeria reports that suspected kidnappers had stormed the community on Sunday during the Eid-el Kabir celebrations, abducted the people and escaped in two speedboats.
The kidnappers were said to have later contacted the families of the victims on Sunday night, demanding N30m as ransom.
Oyeyemi, however, said the victims were rescued unhurt on Friday and were being kept at the Police headquarters at Eleweran in Abeokuta.
The Police spokesman said that details of the development would be released later.