The robbers killed four people including a woman and her two-year-old child.
Eyewitness report says the robbers came into Festac Town through the canal in a speed boat, shooting sporadically to scare away people in the vicinity before robbing the banks.
They say the suspects wore military uniforms and they carried out the robbery taking their time in a very fearless manner and later escaped through the canal.
The Police in Festac have confirmed the robbery and said that they were trailing the robbers. -Channels