The vehicle, a Ford Explorer SUV, fell into the lagoon after somersaulting on the Third Mainland bridge.
It was removed from the lagoon in the early hours of Sunday, with the bodies of the deceased.
Officials of the Lagos State Emergency Management Agency and local divers lifted out the bodies from the lagoon, with both occupants dead.
Mr. Martins, who owned Martinos Events Centre and Hotel Suites in Agidingbi, Ikeja, was said to be going to his Funsho Martin’s Avenue, Park View Estate, when the vehicle collided with another, at about 10.55 p.m., Saturday.
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