The famed Balogun Market on Lagos Island has been overtaken by fire, Naija News reports.

It was learned that a market plaza where ladies’ shoes are sold was affected by the fire, which resulted in the destruction of assets worth millions of naira.

Firefighters from two divisions of Lagos Fire Service had been deployed to the scene to put out the fire.

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Despite the fact that no injuries were reported, the area is currently filled with fear as flames and smoke covered the skyline.

When reached, Director, Lagos State Fire and Rescue Service, Margaret Adeseye, said the situation had been brought under control as at 10.30 am.

According to Adeseye, ”The Lagos State Fire and Rescue Service is currently attending to a Fire outbreak at the famous Balogun Market which involved the topmost floor of a five storey building.

“The Fire is however under control as mitigation are on to limits it spread.”