October 19, 2026
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By Folaranmi Ajayi

An early morning fire outbreak on Monday devastated 17 shops at Moniya Market in Akinyele Local Government Area of Oyo State, leading to the loss of goods worth millions of naira, The Pinnacle Times Reports.

A source close to the area said that the fire outbreak began around 12.30am and it was caused by a power surge.

A visit to the scene by our reporter revealed significant damage caused by the fire, with valuable goods and cash destroyed.

The Babaloja of Moniya Garage, Kolawole Balogun, and the Chairman of the Garage, Saliu Bello, explained that they were alerted by a security guard about the fire at around 12:30 a.m.

Balogun said: “I rushed to the market as soon as I got the call. We lost multimillion-naira goods. The prompt arrival of the fire service prevented even greater devastation.

“In addition to the goods, cash in millions of naira was also destroyed. Many traders often store their money in their shops when they leave for the night.”

Several victims, including Yetunde Musa, Ajetunmobi Idowu, Olaide Badmus, Balogun Sulaimon, and Ajetunmobi Kolawole, appealed to the government for immediate support to help those affected.

.Balogun said, “I rushed to the market as soon as I got the call. We lost multimillion-naira goods. The prompt arrival of the fire service prevented even greater devastation.

“In addition to the goods, cash in millions of naira was also destroyed. Many traders often store their money in their shops when they leave for the night.”

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