According to a statement by the Director-General of the Lagos State Emergency Management Agency
(LASEMA), Dr Olufemi Oke-Osanyintolu, the incident occurred around 6:00 am, destroying several properties.
While further assessment of the area is still ongoing, a tweet by the emergency response agency, disclosed that an initial disaster assessment revealed that eight fatalities have been identified.
25 houses (mostly bungalows), 16 lock-up shops and a Primary School were also affected by the fire.
An official of the Nigerian Emergency Management Agency (NEMA), who spoke to Channels Television at the scene said a generator triggered the fire.
Rescue operations are still ongoing.
The incident is coming barely two weeks after a tanker explosion occurred in the iju, Ajuwon area of the state.