The burnt building consistsof over six apartments with over eight shops outside rented to different business people.
Alhaji Safi Debbasey, the landlord of the compound confirmed that the fire was caused by electricity.
He said every item in the house was burnt down by the inferno, while the shop owners all lost their items.
Alhaji Debbasey said, apart from what the shop owners lost, the cash of GMD60,000, $15,000 and €10,000 were consumed by the fire.
Idowu Semiu Odetogun owner of ID Enterprises said over D400,000.00 worth of goods and cash perished in the fire.
He added that it was a bad day for him as he newly brought some electronic items to the shop prior the New Year celebration.
Some bystanders and sympathisers complained of late response from the Serekunda Gambia Fire Rescue Service as they appeared at the scene of the incident without water.
However, one among the bystanders who spoke anonymouslysaid: “The Fire Rescue Service came with water but late, so people didn’t give them chance to do their work as they were throwing stones at them. Then they left, until another fire service now came from Bakau to put off the fire.”
