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Polaris Bank dismisses fatality rumours after Lagos fire incident

by Honesty Victor
June 18, 2026
Reading Time: 2 mins read
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Polaris Bank has dismissed social media reports claiming that more than 34 persons died in Thursday’s fire incident at its Broad Street Branch in Lagos, describing the reports as false and misleading.

The bank, in a statement, assured customers and the public that no lives were lost in the incident, which, it said, originated from a customer’s vehicle parked on the third-floor car park of the building.

According to the bank, emergency response procedures were immediately activated, while firefighters and other emergency responders swiftly moved in to contain the blaze.

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“We are pleased to confirm that there were no casualties or fatalities.

“Consequently, reports circulating on social media claiming that over 34 persons were feared dead are false and entirely inaccurate,” the statement said.

Polaris Bank added that investigations into the cause of the incident are ongoing and commended emergency responders, staff, customers and stakeholders for their support.

The clarification came as the Lagos State Fire and Rescue Service (LSFRS) provided details of the incident, confirming that the fire had been successfully extinguished without any loss of life.

The Controller-General of LSFRS, Mrs Margaret Adeseye, said the agency received a distress call at about 11.33 a.m. regarding a fire involving a stationary saloon car parked on the third floor of the 17-storey Polaris Bank building on Broad Street, Lagos Island.

She said firefighters from the Ebute Elefun and Sari Iganmu Fire Stations responded promptly and contained the fire before it could spread to other vehicles or sections of the building.

“The only damage recorded was to the affected vehicle and its immediate surroundings. No casualties or injuries were reported,” Adeseye said.

She added that the firefighting operation had been successfully concluded and normalcy fully restored to the area.

The fire chief commended the emergency teams for their swift response and professionalism, noting that their efforts helped minimise damage and guarantee public safety.

The incident had sparked concern online after unverified reports claimed multiple casualties, claims now refuted by both Polaris Bank and the Lagos State Fire and Rescue Service.

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