Business A.M
No Result
View All Result
Wednesday, June 17, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

Lagos State govt. commences investigation on collapsed building in Banana Island

by Admin
January 21, 2026
in Frontpage, National: Governance, Policy & Politics

By Business A.M. 

The Lagos State government said that its officials have commenced investigations of an unapproved seven-storey building which collapsed on Wednesday at First Avenue, Banana Island, Ikoyi, Lagos.

Lagos State govt. commences investigation on collapsed building in Banana Island

Mukaila Sanusi,  deputy director, public affairs, Lagos State Ministry of Physical Planning and Urban Development,in a statement, noted that no approval was given for the construction of the collapsed structure.

“Few who sustained injuries are being treated. There is no fatality. This unfortunate incident happened while casting was being done,” Sanusi stated.

The statement also noted that Tayo Bamgbose-Martins,the commissioner for Physical Planning and Urban Development, visited the site to assess the situation and launch an investigation.

“We ask members of the public to remain calm and expect further information from the ministry as we know more,” the statement added.

Business A.M gathered that the incident occurred on Wednesday between 3 p.m. and 4 p.m. Interestingly,Banana Island,  the neighbourhood where the building collapsed, hosts several high end residential developments owned by some of the wealthiest Nigerians, making it the most expensive neighbourhood in the country.

Meanwhile, Margaret Adeseye, the general manager, Lagos State Fire Service,stated that no fewer than seven persons were rescued at the site with varying degrees of injury.

Adeseye said seven persons were rescued alive with varying degrees of injury. She also confirmed that an investigation has been ordered to ascertain the cause of the collapse.

Admin
Admin
Previous Post

Patricia unveils innovation hub to support tech enthusiasts 

Next Post

Old Mutual launches radio programme to promote financial literacy

Next Post

Old Mutual launches radio programme to promote financial literacy

  • Trending
  • Comments
  • Latest

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Nigeria, others to benefit from Mauritius’ MCB $1bn Africa trade finance support

Nigeria, others to benefit from Mauritius’ MCB $1bn Africa trade finance support

June 17, 2026
CIS turns new chapter with first female president in 3 decades

CIS turns new chapter with first female president in 3 decades

June 17, 2026
CapitalSage expands global payments reach with Chimoney acquisition

CapitalSage expands global payments reach with Chimoney acquisition

June 17, 2026
Flutterwave hits $3.2bn valuation as Ripple backs stablecoin expansion

Flutterwave hits $3.2bn valuation as Ripple backs stablecoin expansion

June 16, 2026

Popular News

  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Nigeria, others to benefit from Mauritius’ MCB $1bn Africa trade finance support

Nigeria, others to benefit from Mauritius’ MCB $1bn Africa trade finance support

June 17, 2026
CIS turns new chapter with first female president in 3 decades

CIS turns new chapter with first female president in 3 decades

June 17, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M