Vanguard gathered that the building had been previously marked for demolition by Lagos State Building Control Agency (LASBCA).
Confirming the incident, the Director-General, Lagos State Emergency Management Agency LASEMA, Dr. Oluwafemi Oke-Osanyintolu said the structure was unstable and poses a high risk to the neighbourhood.
He said a controlled demolition will be carried out and residents will be adequately updated of developments.
The Director-General said nobody was injured and no life was lost to the incident.