Business
Wood Sellers Lose N50m To Fire
Traders at Ifelodun Plank Market in Ketu area of Lagos State said on Saturday that they lost N50 million to the March 7 fire which gutted the market.
The Chairman of the plank sellers association, Alhaji Aliu Bello, told newsmen that all their investments were destroyed in the fire.
Reports say that shops and houses at the plank market located in Demurin Street, Ketu, were razed in the night fire on Thursday.
The market has so far recorded three fire incidents — January 1983, August 2010 and March 7.
Bello said the fire might have been caused by some unscrupulous people as there was no trace of any electrical fault.
“Everyday we ensure that all appliances are switched off. There was no electrical fault or fire traced to electrical problems.
“Some people must have set fire to the market.
“This market has been in existence for the past 40 years and has been a source of income to many families.
“We have lost planks and property worth N50 million in the fire,’’ he said.
Bello, however, said members of the association would begin the rebuilding of the market as soon as the government gave them approval.
According to the chairman, more than 300 workers and traders in the market are currently jobless because of the fire.
A plank dealer, Mrs Raimot Kajola, also said the state government should not think of rebuilding the burnt shops at the market.
“We do not want the government to rebuild the shops as the rent it will charge will be unaffordable.
“We will rebuild our shops and the market,’’ Kajola, who claimed to have lost four shops in the fire, said.
Mr Suleiman Adaranijo, another plank dealer, said:“ I have lost so much and I do not know where to begin as I still have an outstanding bank loan.
“The fire is not a natural one; some people are behind it and they must be fished out and punished.”
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