Timber traders count losses as inferno consumes market in Imo


Owerri, Dec. 26, 2022

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Timber traders in Imo have lamented severe losses resulting from a fire accident at the popular Timber market, along Wethedral road, Owerri, the state capital.

Some of the traders who spoke to naija247news Correspondent in Owerri, on Monday, said that the inferno which started at about 1.30am on Saturday, Dec. 24, consumed over 200 shops and goods worth over N4 billion.

Naija247news Correspondent who visited the market reports that the fire was still raging in some parts of the market at about 1.00pm on Monday, despite efforts by operatives of the Federal Fire Service to quench it.

One of the traders, Mr Darlington Chinaza, the Chief Executive Officer of Bekee Global Furnitures, said that about 13 industrial machines, each worth N6 million were burnt, although the actual cause of the inferno was not yet ascertained.

Another trader, Mr Chinemerem Ikerionwu, called on relevant authorities to investigate the cause of the unfortunate incident.

“People offloaded goods worth several millions last night and went home only to be called hours later that the market was on fire. This is unbearable. The government should probe this incident.

“A customer came here and bought goods worth N7.5 million. He said he was coming this morning to carry them. I don’t even know what he will do now. Will he seek for a refund? If he does that, where will the shop owner get it from?”

Also, another trader who pleaded anonymity, said: “I lost my two industrial machines and other items. We didn’t take out a single pin from the shops. Everything is lost. This is unbearable.

It is a black Christmas for us. We don’t know where to go from here. Nobody knows the cause of the outbreak. We lost over  N4 billion here,” he said.
Mr Benjamin Onyewuchi, an eye witness, said that several initial efforts made by fire fighters to quench the fire proved abortive as it kept raging.
He, however, called on the state governor, Sen. Hope Uzodimma, to come to the aid of the victims in whatever possible way, to ameliorate their plight.
“This market provides employment for many youths and artisans as well as loaders and other casual workers.  Today, they have all been rendered jobless.
“We call on government to provide soft loans or other interventions to ease the plight of these victims, some of whom obtained bank loans to buy goods for the season’s sales,” he said.
When contacted, the Public Relations Officer of the Federal Fire Service, Zone “J” (Imo and Abia), Mr Mike Anowa, described the accident as unfortunate.
He, however, said that the actual cause and losses of the inferno were yet to be ascertained.  (www.naija247news.com)
Peter Okafor
Peter Okaforhttp://Naija247news.com
Peter Okafor Financial Journalist | Editor | Contributor Overview: Peter Okafor is a seasoned Financial Journalist, astute Editor, and valued Contributor at Naija247news Media Group. With an unwavering passion for dissecting complex financial landscapes, Peter has become a trusted name in delivering incisive and insightful coverage of economic events, market trends, and corporate dynamics. Professional Journey Peter's journey in financial journalism has been marked by a commitment to excellence. Joining the ranks of Naija247news, he has consistently demonstrated a keen understanding of the intricate interplay between finance and the global socio-economic fabric. Expertise: Specializing in financial markets, economic analyses, and business developments, Peter Okafor has honed his expertise over the years. His ability to unravel intricate financial narratives and present them in a comprehensible manner sets him apart in the world of financial journalism. Contributions As an Editor and Contributor, Peter has played a pivotal role in shaping the narrative of Naija247news. His contributions extend to thought-provoking articles, in-depth market analyses, and coverage of key events that impact the financial landscape. Educational Background: Peter holds a degree in Journalism, complemented by specialized courses in Finance and Business Reporting. His educational foundation has provided him with the tools to navigate the intricate world of financial journalism. Innovation and Adaptability: In an era of evolving media landscapes, Peter Okafor exemplifies innovation and adaptability. Leveraging digital platforms and emerging technologies, he ensures that financial insights reach a diverse audience, fostering financial literacy and awareness. Awards and Recognition: Peter's commitment to journalistic excellence has not gone unnoticed. He has been the recipient of several awards, recognizing his outstanding contributions to the field of financial journalism. Vision for the Future: Looking ahead, Peter Okafor envisions a future where financial journalism continues to empower individuals, shape economic policies, and drive positive change. His dedication to staying at the forefront of financial news underscores his commitment to this vision. Connect with Peter Okafor: - LinkedIn: [Peter Okafor](#) - Twitter: [@PeterOkafor_N247](#) In the dynamic realm of financial journalism, Peter Okafor stands as a stalwart, combining experience, expertise, and a forward-looking vision to illuminate the path of financial understanding for a global audience.

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