The incident occurred at Ajegunle-Ijada and Ishado areas of the town.
The News Agency of Nigeria (NAN) gathered that the victims, Lekan Ojaewele, 22, and Muyiwa Adeyemi, 20, were apprentices in the barbing and electronics businesses.
NAN investigations, however, revealed that the deceased were accidental victims as their bosses were the targets.
While Ojaewele was said to have been killed on his way to his boss’ shop by the cultists, Adeyemi was murdered while sleeping inside a shop belonging to his own boss.
An eyewitness, who preferred anonymity, said the cult members came on motorcycles to launch the attacks.