An early morning inferno, Thursday, razed a warehouse belonging to Coscharis Group located at the Kirikiri Industrial, Mazamaza, Area of Lagos State, destroying property worth billions of naira.
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The warehouse was used for storing computer equipment, Abro Petrochemical products, vehicles and inverter batteries, auto spare parts, motorcycles and tires.
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Eyewitnesses told Vanguard that the fire which started around 4a.m. when electricity supply was restored to the area by the Power Holding Company, PHCN, lasted for hours.
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A staff of the company, who spoke on condition of anonymity, lamented that the fire would have been curtailed if there were enough fire extinguishers in the warehouse at the time the fire started.