The police recovered four locally-made guns, one Toyota Corolla car, one Toyota Camry car, five live cartridges and four expended cartridges.
Mr Babafemi said the drugs weighing 63 kilogrammes were concealed in a used Toyota Corolla car imported from Canada.
Ms Odunlami-Omisanya said the suspect, who allegedly demanded N50 million as ransom, was arrested at a POS stand while trying to withdraw part of the money.
Three people were confirmed dead and eight injured in a crash involving a Toyota Corolla car and a Nissan Micra taxi at Ile Ise Paanu, Ewekoro.
Also confiscated were 15 different models of vehicles as well as foreign food items like spaghetti, macaroni, and vegetable oil.