APM senatorial candidate Olufemi Ajadi donates N20 million to traders after a devastating fire outbreak at New Gbagi market.
Ambassador Olufemi Ajadi Oguntoyinbo has donated N20 million to traders affected by a recent fire outbreak at the Bola-Ige International Business Complex, located in New Gbagi, Ibadan, Oyo State.
The financial support was officially announced on Monday, November 2, 2026, during an inspection visit to the market site alongside key government officials and local business leaders, according to information published by The Sun Nigeria.
The disaster, which occurred on Thursday, October 29, destroyed eight shops between the Ajegunle and Kudus areas, causing millions of naira in damages, though no casualties were recorded during the incident.
Financial Relief for Affected Gbagi Traders
During the visit, Ajadi stated that the extensive damage was far worse than he had initially imagined, prompting him to provide immediate financial assistance from his personal purse.
The Allied Peoples Movement senatorial candidate for Oyo Central emphasized that many business owners were left with nothing to show for their hard work, making relief funds essential for rebuilding.
Government and Legislative Support in Oyo State
Local leaders joined the inspection to show solidarity, including the ALGON Chairman, Hon. Sikiru Oyedele Sanda, and the state lawmaker, Hon. Olasunkanmi Samson Babalola.
Babalola noted that he is currently pursuing a matter of urgent public importance in the Oyo State House of Assembly to secure additional executive intervention for the victims.
Market Leadership Applauds Intervention
The Babaloja-General of Oyo State, Alhaji Y.K. Abass, commended the political figures for their swift response and financial backing during this difficult economic period.
Market leaders expressed strong optimism that the affected traders will successfully overcome this setback and restore their businesses with the help of public donations.
Frequently Asked Questions
Who donated N20 million to the Gbagi fire victims?
Ambassador Olufemi Ajadi Oguntoyinbo, the Allied Peoples Movement senatorial candidate for Oyo Central, donated N20 million from his personal purse to support the affected traders.
When did the fire outbreak occur at the Bola-Ige International Business Complex?
The fire outbreak occurred on Thursday, October 29, destroying eight shops between the Ajegunle and Kudus areas of the New Gbagi market in Ibadan.
Which officials accompanied the visit to the New Gbagi market?
ALGON Chairman Hon. Sikiru Oyedele Sanda, lawmaker Hon. Olasunkanmi Samson Babalola, and Babaloja-General Alhaji Y.K. Abass joined the inspection visit to support the victims.
Were there any casualties recorded during the Ibadan market fire?
No casualties were recorded during the incident, although traders lost goods and property worth millions of naira before the Oyo State Fire Services Agency responded.
