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Authorities say the gunmen attacked the town of Ngoche and abducted hundreds of residents, including women and children.
No group has claimed responsibility.
But local officials say the attack was likely a reprisal for the killing of three senior commanders of the Boko Haram Islamist militant group.
Since January, militants have abducted and released hundreds of Nigerians across several states, and the Nigerian government has been accused of paying ransoms.
Stepped-up security cooperation between Nigeria and the US follows controversial claims by the Trump administration of a genocide against Christians.
Last month, around 200 US soldiers were deployed to Nigeria to train and support the local military.
Nigerian authorities say Joshua was traveling along the Lagos-Ibadon Expressway as of today when his car collided with a truck parked at the side of the road.
The car's driver and another person in the front seat were killed on impact.
Joshua was seated at the back of the car and was rescued with minor injuries.
Videos of Joshua wincing in pain while being pulled from the vehicle have gone viral on social media.
The Zagosibadon Expressway is one of Nigeria's busiest roads.
According to local media, Joshua was reportedly travelling to the hometown of his Nigerian parents in Shagamu, southwest Nigeria, when the crash occurred.
The accident comes a week after Joshua defeated American boxer Jake Paul in a six-round boxing bout in Miami.
Officials of the Christian Association of Nigeria say the 50 students aged 10 to 18 escaped individually after they were taken from their dorms at the St.
Mary's Catholic School in Niger State on Friday.
No group has claimed responsibility for the abduction and authorities say a massive search and rescue operation is underway.
The attack is one of Nigeria's biggest school abductions since the 2014 kidnapping of 260 Chibok schoolgirls by Boko Hora militants.
Nigeria has seen a wave of attacks in recent days targeting schools and places of worship.