The incident occurred in Oke Arin area on Monday
At the time of this report, the casualty toll was not clear but a crowd was gathered at the scene of the building collapse.
Newsacross.com understands that rescue efforts are currently minor, leaving the lives of many people at risk.
The building was one of those marked for demolition.
The Director of the Lagos State Fire Service, Rasaki Musbau, who confirmed the incident, said firefighters from the Sari Iganmu division had been deployed in the area.
He promised to call back with more details.
The Lagos State Police Public Relations Officer, Bala Elkana, said the police had yet to be informed.
“But I am aware that Lagos State is demolishing some houses,” he added.
More to follow…