The Nigerian Ports Authority listed the petroleum products as butane gas, petrol and automobile gasoline.
The president urged prayers for the rescued persons that were still undergoing medical examinations and treatment.
The pirates kidnap passengers for ransom, and keep the boats whose engine go for as much as N5 million a piece.
The fisherman faces 21 years in prison for armed robbery, as stipulated by section 297 of the Criminal Law of Lagos State, 2015.
Those onboard were said to be mostly women and children, although the actual number of passengers could not be immediately ascertained.
