A fire outbreak has destroyed parts of a building on Lagos Island, triggering panic among residents and business owners in the area.

The incident reportedly occurred in the early hours of the day, with thick smoke and flames drawing the attention of nearby residents who quickly alerted emergency services.

Firefighters and other emergency responders were deployed to the scene to contain the blaze and prevent it from spreading to neighbouring buildings.

Witnesses said occupants of the building and nearby residents rushed to safety as the fire intensified, while efforts were made to salvage property and valuables.

The cause of the fire had not been officially confirmed at the time of reporting, though investigations have commenced to determine the circumstances surrounding the incident.

Officials said no immediate casualty figures were available, but emergency teams continued to assess the extent of the damage.

Business activities in parts of the area were temporarily disrupted as security personnel and emergency responders cordoned off sections of the vicinity.

Residents have called for stricter enforcement of fire safety regulations and improved emergency preparedness to reduce the risk of similar incidents.

Authorities urged members of the public to remain calm and avoid actions that could obstruct rescue and firefighting operations.

Further details are expected as investigators and emergency agencies complete their assessments of the affected property