According to reports, she was shot while on her way to Ore Junction from Akure, Ondo State.
Femi Joseph, Ondo Police Public Relations Officer (PPRO), confirmed the incident saying the suspects were kidnappers who also engaged in armed robbery.
He also said that the incident happened between Kajola and Ore, adding that Mrs Olakunrin was the only one killed during the attack.
Mr. Joseph said the kidnappers attacked three vehicles, including a luxurious bus belonging to the Young Shall Grow Motors, adding that the passengers in the luxurious bus were travelling from Imo State to Lagos.
However, he said the police have rescued three of the victims, adding that one Gerald Igboroka was yet to be found by the police.
In his words, “Information available to us is that suspected kidnappers who were 16 in number ambushed the three vehicles at Kajola.
“The three vehicles were said to be going to Lagos and they were all attacked. The kidnappers shot on one Mrs. Funke Olakunrin and she was confirmed dead immediately,” he added.
The PPRO who said the police were on the trail of the kidnappers, assured that the victims would be rescued in no distant time.
He added that none of the suspected kidnappers has been arrested, but efforts are on to ensure their arrest.