The general manager said firefighters were quickly deployed to the scene and swung into action, preventing the fire from spreading to more shops.
One of the victims, Rukayat AbdulLateef, said the fire consumed two shops with over N50 million worth of goods.
In a statement on Saturday, the institution said normal activities had commenced in the hospital.
A witness asked for anonymity and told journalists he noticed the fire raging at the furniture workshop around 5:00 a.m.
Mr Adeleye told journalists in Ile-Ife that the fire began from an electrical power surge in one of the shops in the market.
“The fire has now been put off by our men, with the support of the Federal Fire Service and the UCH Fire Service,” he said.
He said a security man at an adjoining bank placed a distress call to the fire service at about 4:37 a.m. when the market was not in session.
A residential apartment inside the University College Hospital (UCH), Ibadan, was gutted by fire on Tuesday evening.
Three blocks, comprising 11 lock-up shops per block were affected by the fire, including property worth millions of naira.
The fire service blamed carelessness and negligence as the major causes of fire accidents and building collapse.
