Properties worth millions of naira have been destroyed in a fire incident that gutted 12 shops in Ibadan, the Oyo State capital.

It was gathered that the incident on Thursday occurred at Block A, No. 64 Mayegun Cement Store Market, Araromi, Agodi Gate in Ibadan.

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

In a statement made available on Friday, Akinyinka noted that no lives were lost.

According to him: “The agency’s control room received the distressed call at exactly 11:02 pm on Thursday, 10th April 2025.

“The fire personnel promptly deployed to the scene of the fire incident. On arrival, we met some lock-up shops well alight and we swiftly swung into action and restricted the fire from spreading to other nearby shops.

“The fire affected 12 shops out of a large number of shops and we were able to save properties worth billions of naira in the market.

“The fire was as a result of an upsurge in electricity which ignited nearby combustible materials.”