Business A.M
No Result
View All Result
Saturday, October 10, 2026
  • Login
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE
Subscribe
Business A.M
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE
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
MMA2 enters new commercial era after 20-year concession dispute

MMA2 enters new commercial era after 20-year concession dispute

August 28, 2026
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’s manufacturing sector leaves $29.4bn market to foreign producers

Nigeria’s manufacturing sector leaves $29.4bn market to foreign producers

October 9, 2026

Stop waiting to feel rich before you build wealth

October 9, 2026
Stanbic IBTC non-interest income jumps 126% as lending earnings weaken

Stanbic IBTC non-interest income jumps 126% as lending earnings weaken

October 9, 2026
Nigeria rebuilds net forex reserves to $46bn from below $1bn

Nigeria rebuilds net forex reserves to $46bn from below $1bn

October 9, 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
  • MMA2 enters new commercial era after 20-year concession dispute

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

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

    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’s manufacturing sector leaves $29.4bn market to foreign producers

Nigeria’s manufacturing sector leaves $29.4bn market to foreign producers

October 9, 2026

Stop waiting to feel rich before you build wealth

October 9, 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
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE

© 2026 Business A.M