Over 12 hours of fire incident left property worth billions of naira destroyed in one of the subsidiaries of Sumal Group of Companies, on Town Planning Road, Oluyole Industrial Estate, Ibadan, Oyo State, on Monday.

It was gathered that the fire started around few minutes after 10.00p.m. on Sunday.

The affected company is situated on the former premises of Sanusi Steel Industry (SSI).

When the flame was first noticed,  people living around the neighbourhood assisted by putting calls through to some media houses and the Oyo State Fire Service for help, while security men on duty also alerted the appropriate quarters.

However, by  Monday morning, the situation had gone bad.  All the front offices of the production floor had gone up in flames, while combined forces of fire fighters from the state service and Sumal were seen battling  with the inferno.

The whole neighbourhood was filled with particles which freely flew from the store area of the company’s premises. The particles of the flames were seen in places as far as Jericho.

By 8.00a.m., almost all members of staff had gathered on the premises of other subsidiaries to salvage the situation.