Two oil tankers yesterday caught fire at an industrial estate in the Iwo area of Osun State.
The tankers owned by an indigenous steel-producing company, Rabsh Imec, were said to be loaded with black oil and parked not too far apart.
Report gathered that one of the tankers caught fire, which spread to the second tanker.
The cause of the fire was not known at press time, but fire fighters arrived on the scene to put it out after both tankers were burnt down with their contents.
The black oil was said to be a major component of the company’s production materials.
Fire Service spokesperson Ibrahim Adekunle confirmed the incident, estimating the loss at N7 million.
In Abia, homes and shops on a plot at Clifford Road, Aba have been razed by a midnight fire, bringing their owners and residents to tears.
The facilities destroyed by the inferno were said to be worth millions of naira.
One of the shop owners offloaded his good two days before the incident, it was learnt that no life was lost.