Spokesman for the Police in Bayelsa, Butswat Asimin confirmed this in Yenagoa on Saturday.
Asimin said the police had mobilised to fish out the perpetrators.
“The Police Anti-kidnapping Unit and other relevant security agencies have been mobilised to track down the kidnappers”, he said.
According to a family source, which preferred anonymity, the victim was abducted on his way from Okpoama to Egweama for burial of wife, Comfort.
“Gunmen attacked their commercial speedboat and whisked the septuagenarian away at about 9 a.m. on Saturday.’’
His son, Alfred, said the kidnappers were yet to make any contact with the family members.