Business

Traders lose over N50m as fire Guts Ibadan’s Largest Auto Parts Market

By Dele Ade

The largest auto parts market in Ibadan, Araromi market at Agodi Gate, was early Sturday gutted with the traders esti acting that they may have lost over N500 million in wares and property.

One of the traders who was must narrating the incident amid tears and who didn’t disclose his name said he, out over N50milliom. “If you calculate what I lost with that of others, it is well over N500 milion to be mosest,” he said.
The distressed traders were said to have called the attention of the Oyo State Fire Service as others made frantic efforts to put out the fire.

Eyewitnesses said on arrival at the market, firemen had difficulty in getting close to the spot of the fire as the pathway was blocked by shops.

The inflammable materials were also reported to have intensified the fire. The tyre section of the market suffered the most devastation.

As at the time of this report, no casualty was recorded but traders said valuables including fairly used tyres and spare parts worth millions of naira have been destroyed.

 

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