Channels Television gathered that the incident happened on Monday while the officers were on duty post at the checkpoint.
The attack was confirmed by the spokesperson of the Ondo State command, Femi Joseph, who says one other officer was injured in the incident.
The injured policemen have been taken to a hospital for treatment.
According to the police spokesperson, it is not clear who the assailants were, but investigations will reveal their identities.
He added that a manhunt has been launched for the perpetrators to ensure that they face the wrath of the law.
“It is very sad and unfortunate for the command, losing our men just like that. An investigation has commenced, we will do everything to get the bandits arrested and face the wrath of the law,” Joseph said.