The Department of State Security Services (SSS) on Saturday confirmed the rescue of three Indian hostages and arrest of five members of the kidnap gang behind the crime.
The DSS said it achieved the feat in a joint rescue operation with the military.
It said it has also begun a manhunt for the leader of the gang and others who are now at large.
The security agency also said it has handed over the hostages to the Indian High Commission in the country.
A statement by a Deputy Director, Public Relations of the DSS, Marilyn Ogar, said: “On 30th January 2014, this Service in collaboration with the Military rescued three (3) Indians, Kanishik Jhorar, Mhinder Singh Saini and Balwinder Singh.
“They were kidnapped on 3rd January, 2014, while on board a cargo ship, MV SAN MIGUEL belonging to Martinez Hermanos Limitada, an Equatorial Guinea Company, off the coast of Equatorial Guinea and brought to Bonny Channel, Rivers State, where they were held hostage.
“Accordingly, on 31st January, 2014, the three (3) Indians were handed over to the Indian High Commission and the country of their employers (Equatorial Guinea Embassy) respectively.
“No ransom was paid for their release. Meanwhile, five (5) members of the kidnap gang have been arrested, while the leader of the group and others are still at large”, the statement read.