Fire razed a section of Boulos factory located on ACME road, off Agidingbi road, Ikeja, this afternoon.

Fire fighters from the Lagos State Fire Service were seen combating the inferno at the time of filing this report.

Huge smoke was seen billowing from the factory while workers were seen running out to save their lives.

The cause of the fire and extent of damage could not be ascertained at the time of filing this report, although property worth billions of naira were said to have been destroyed.

Some factory workers, however, told P.M.NEWS that the fire outbreak could have been caused by welders who worked close to the compuleb section, i.e. the IT section where computers and other gadgets are stored.

Sources also said four containers loaded with laptops were burnt.

Mr. Dayo Akinola, the company’s assistant financial manager told P.M.NEWS that the laptops burnt were worth billions of naira and that they were the latest brand called Ferrari laptops.

He said the least of the laptops costs between N180,000 and N250,000, while the most expensive costs between N800,000 and N1 million.

Tissue paper is manufactured in the factory owned by expatriates. Motorcycles are also assembled there.

—Dedeigbo Ayodeji & Daniel Ogunjobi