Spanish police have stormed a 20-meter long fishing boat carrying over 2.9 tonnes of cocaine, estimated to be more than 50 million euros ($53.98 million).

Customs office police boarded the fishing vessel off the Canary Islands on April 13 and arrested five crew members, a joint news release issued by Spain's interior ministry and the Guardia Civil police said.

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The vessel Akt1 was stopped by the Spanish coast guard in waters south of the Spanish archipelago and escorted to Las Palmas in Gran Canaria on Saturday. 

Video footage released by police showed officers removing sacks of cocaine hidden in the fishing boat's fuel tank.

The joint police and customs office news release did not specify the value of the seized drugs.

Cover image credit: Screen shot from the video handout by the Spanish police and customs office.