The men, alleged to be heavily armed, were said to have invaded the college and whisked away the victims.
Two of the kidnapped persons were swiftly released by the Police operatives.
The kidnappers later reportedly demanded N100 million ransom for the other victims to regain freedom.
It is not clear if any ransom was paid for their release.
Lagos State Commissioner of Police, Fatai Owoseni had promised that the Police would rescue others as more operatives of the Special Anti-Robbery Squad (SARS) were deployed to ensure this.
The Lagos State Governor, Mr. Akinwunmi Ambode, on Sunday also vowed that the State Government in collaboration with security agencies would soon rescue victims kidnapped from Lagos Senior and Junior Model College, Igbonla-Epe, vowing that the government would also commence a review of its laws to curb and effectively punish perpetrators of such act.
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