The fire incident, which destroyed no fewer than 10 shops, Oodua Trust gathered, started at about 1pm.
Some of the market women who spoke to Oodua Trust could not identify the cause of the fire but they suspected that it may have been due to an electrical fault in one of the shops.
The fire was later put out by fire fighters and policemen attached to Layeni police station, Ajegunle. Also, market women and members of the public fought to ensure that the fire did not spread to other parts of the market.
The Lagos State police spokesman, Frank Mba, reacting to the incident, said policemen from Layeni Police Station were sent to provide security at the scene. They also assisted in putting out the fire. He said they had to move in to ensure that hoodlums did not take advantage of the situation to steal valuables.
He said there was no loss of life and that the value of the propertylost to the fire was yet to be ascertained. He added that the cause of the fire, too, was yet to be known.
In a related development, two persons were feared killed last Thursday when a Mercedes Benz truck with Registration Number XA 413 AAA was said to have lost control and ran into them.
The incident occurred at Doyin Bus Stop, Orile, in the early hours of the morning.
One of the victims was yet to be identified at the time of filling this report.