Sources said the gunmen armed with AK47 rifles intercepted the 18 seater bus between Ekiadolor and Ovia river bridge along the Benin-Lagos highway and opened fire on the bus.
The source said eight of the passengers including the deceased were selected and abducted into the bush.
It was learnt that the late Akanbi could not walk as fast as others and was shot dead.
The police rescued the seven victims alive and recovered the body of Akanbi after two hours search.
Edo State Police Public Relation Officer, DSP Chidi Nwabuzor, said the police were still combing the bush in search of the kidnappers.
He said the Warrant Officer was about to be retired before his death.
Nwabuzor said the police would do everything to fish out the kidnappers.
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