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Tuesday, May 26, 2026

PHOTOS: Shops Razed As Midnight Fire Guts Ladipo Market, Lagos

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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A midnight fire outbreak on Saturday destroyed properties worth millions of naira at the auto spare parts section of the popular Ladipo market in Lagos.

A statement by the Lagos State Fire and Rescue Service, noted that the cause of the fire, which broke out Friday at around 10:54 p.m., is yet to be ascertained.

Issued on Saturday, the statement also said there was no report of injury or loss of life during the incident at the Hassan Ola Blocks of Aguyi Ironsi International Trade Centre, Ladipo.

The agency’s director-general, Margaret Adeseye said, “It was discovered that the fire rapidly spread across three blocks that housed auto spare parts traders within the market and was aided by combustible substances stored around the affected locations.”

According to her, “The Fire was, however, curtailed from further spread to other blocks through the swift professional intervention of firefighters and other emergency responders.

“The situation would demand a thorough and collaborative investigation to ascertain the cause of the fire,” Mrs Adeseye added.

In 2021, there were at least four reports of fire incidents at Ladipo auto spare parts markets; with traders also losing their goods in the incidents.

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