According to reports, the ill fated boat left Ebute Iworo Jetty en route to Daddilowe in Badagry, when the crash occurred around 11 am on Saturday, February 6.
The ill-fated boat crashed into a log of wood on the water, after which the boat capsized leaving passengers on board to their fate.
Ten people were on board, only two were feared dead as eight others got rescued by emergency workers and local divers.
One of the victims of the ill fated boat was the driver and a woman, whose remains are yet to be located.
Only four of the passengers were reported to have used live jackets, while others did not.
The National Emergency Management Agency (NEMA) and the Lagos State Emergency Management Agency (LASEMA) confirmed the incident.
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