A 65-year-old pensioner who was overseeing construction work at his D’Urban Street, Georgetown home was relieved of $1.5 million and other valuables by two gunmen who entered his premises.According to information received at about 14:00h on Thursday, the businessman, Noor Ally, was standing by his kitchen door overseeing the construction of a shed in his yard. He recalled observing a man entering his yard and walked towards him.As he looked closer, he realised the man was armed with a gun and immediately made his way through the main access door with the intention of hiding but instead was confronted by a second gunman, who placed a gun to his head.Ally and the carpenter were forcefully taken into a shop operated by the pensioner instructed to lie on the ground. The men then opened a drawer in the shop where they took out a sum of cash along with a quantity of phone cards and other items.The two gunmen then made good their escape. The Police were summoned and detectives were up to late Friday evening reviewing CCTV footage collected from nearby buildings. No arrests were made as Police continue their investigations.