The Director of Naval Information, Captain Abiodun Folorunsho, confirmed the development in a statement on Friday.
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According to the Police, the act was carried out by suspected cultists terrorising the area and two of the suspects have been identified.
The two victims were reportedly killed at the gate of Ahoada-East LGA during an attack by the hoodlums on Monday night.
The suspect, according to available information, had been terrorising farmers in the area.