The multimillionaire businessman was returning home from work on Tuesday night when an SUV double-crossed his vehicle in a lonely area, and some armed men opened fire on Chief Obianodo's car. His orderly who attempted to fire back was killed, his driver who was trying to escape was also killed while Chief Obianodo was shot in the arm.
The shooting attracted the attention of some policemen on patrol in the area who rushed down to the scene and engaged the gunmen in a shoot out, killing two of them.
Chief Obianodo was rushed to the hospital where he is responding to treatment. The Lagos State Police Command spokesperson, Ngozi Braide, who confirmed the incident said it is under investigation.