PUNCH Metro learnt that the culprits also shot Obianodo in the hand during the attack.
Police authorities said the incident occurred in FESTAC area of Lagos State on Tuesday night while Obianodo was returning from work.
Our correspondent learnt that two of the attackers were killed after policemen engaged them in a gun duel.
He said, "On Tuesday night, Obianodo was on his way back from work. A police corporal, Ngozi Chijioke, and another private guard were in the vehicle with him.
"When they reached 22 Road, FESTAC, the entire place was deserted. From nowhere a vehicle crossed his own and some armed men opened fire on them. The policeman, who sat in front, was killed instantly while the driver was also killed.
"The assailants also shot Obianodo in the arm.
However, the shooting attracted the attention of some policemen on patrol who rushed down to the scene and engaged the culprits in a gun duel."
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