Traders count losses as fire destroys property worth millions of naira in Ibadan market

Tuesday, January 21, 2025 -Property worth millions of naira were destroyed because of a fire incident that occurred at Olodo market in Ibadan, the Oyo State capital.

The incident, which occurred on Monday afternoon, affected no fewer than eight shops, where properties worth millions of naira were destroyed.

No lives were lost in the incident.

According to him: “The fire incident was reported at exactly 12:57 pm on Monday, 20th January 2025. The fire personnel were promptly deployed to the scene.

“Upon arrival, eight out of a storey residential building of 16 rooms were found well alight. We quickly swung into action and restricted the fire from spreading to other rooms, as well as nearby buildings.

“The fire was completely extinguished. No casualties were recorded, but properties worth millions were affected by the fire. However, agency personnel were able to save billions’ worth of property. The fire was caused by high voltage restored by the electricity authority.”

The General Manager of Oyo State Fire Service, Yemi Akinyinka, confirmed the incident.