 Fire has raised down a building at the popular Ladikbo market in Lagos. Men of the Lagos State Emergency Management Agency as well as a state fire rescue team were on the ground with over 12 fire fighting vehicles to salvage the situation. Plus TV Africa's correspondent Destiny Momo has more. It is a painful sight to behold at the famous Ladikbo market, home to spare parts and other basic supplies. A home owner and a business owner watched their investment worth approximately a billion burned down. Director-General of La Sema, Ulufemi Oke Osaintolu and his counterparts in the fire rescue team supervised the quenching of the fire. They say their quick response to the emergency saved other investments in the sensitive area. We have not really got to the root cause of it. But what I can tell you is that the incident occurred at early hour of today around 5.30 a.m. We activated our emergency response plan and when we got there, all the primary responders were on the ground. We were able to curtail the fire to where it happened, at least by not aligning to spread to the bank, the adjoining buildings. We have been able to curtail it to its origin source. For now, work is still on as we have different chemical products like I said in there and they still, you know, we just give us some time. Disappointed and pained, the son of home owner and manager of the business that were affected gave an insight into how it all began as they narrate their ordeal. It happened around 3 a.m. When the NEPA brought the lights, we could just hear some scent of fire. So then we rushed down and that called me and I rushed to the backyard thinking that it was just in the backyard that the light is happening. Then at the front, it's crazy. They are not able to save any of the property. Everything went down, went down like what of goods only this house is worth over 700 million. Coming to shop this morning, before somebody called us that our shop is burning. So we tried to take our boss back because he's an elderly man. So he sees the team, he wants to come and see it by himself. So on reaching here, we saw everything like this. Since then, we have been here. The fire took place in a building sharing fence with some new generation banks and a plaza where spare parts are sold. No life was lost. Destiny Momo for Plus TV Africa. Hello, hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.