Six students of Igbonla Model college in Epe have been abducted.
A vice principal and a teacher were among six people kidnapped by gunmen at the college.
A report says six attackers invaded the school during its assembly session.
The gunmen whisked away their victims through the waterways.
The Commissioner of Police, Lagos State Fatai Owoseni, said the police were working with other security agencies to rescue the victims.