The Commissioner of Police, Abayomi Akeremale, said the suspects, on November 19, trailed the victim from his shop at Masaka to his residence at Dantata Quarters in Karu, where they shot him dead.
Mr. Akeremale said the suspects carted away recharge cards worth N5 million and unspecified amount of cash.
He said detectives at the New Nyanya Police Station, acting on a tip-off, arrested the suspects while trying to sell the recharge cards to buyers, including a lady.
The police also paraded one Abdullazeez Adam, suspected to be a notorious car snatcher.
The commissioner told newsmen that the suspect was arrested at New Nyanya while trying to remove the number plate from a stolen Honda Accord car with registration number AG 893 GKW.
He said the suspect confessed that he and an accomplice, currently at large, snatched the vehicle from the victim.
He, therefore, advised the owner of the vehicle to come with relevant documents to claim it.
Mr. Akeremale assured that the suspects would be charged to court as soon as investigations were concluded.
He also urged members of the public to be vigilant, especially during the festive period and not hesitate to furnish the police with information that could help check crime.
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