A car dealer in Lagos has suffered losses estimated at more than ₦700 million after a fire destroyed several vehicles at his car lot, including cars belonging to customers.
The dealer disclosed the incident in a video circulating on social media, where he described the destruction and expressed concern over the financial losses.
According to him, the fire destroyed his personal vehicles valued at more than ₦500 million. Several cars belonging to customers who had not yet taken delivery of their purchases were also affected.
Lagos Car Dealer Recounts How Fire Started
Recounting the incident, the dealer said he closed his office at about 10 p.m. before leaving the premises.
However, around 2 a.m., his security guard called to inform him that a fire had broken out at the car lot.
He subsequently checked footage from his security cameras and was shocked to see flames spreading across the premises.
Describing the extent of the destruction, he lamented: “My cars worth over ₦500 million.”
The dealer said the fire also destroyed customers’ vehicles that remained in his custody pending collection.
Efforts to Stop Fire Prove Unsuccessful
The car dealer explained that attempts to contain the fire failed despite several efforts to put it out.
According to him, those at the premises tried using water and more than 10 fire extinguishers to control the flames.
However, the fire continued spreading and eventually destroyed the vehicles.
The incident has raised concerns about the financial losses suffered by the dealer and customers whose vehicles were caught in the blaze.
The affected customers now face uncertainty over their damaged purchases, while the dealer continues to grapple with the scale of the destruction.


