Ibrahim Farinloye, coordinator of the National Emergency Management Agency in the southwest region, told Xinhua that the building collapsed at about 11:00 p.m. local time on Sunday.
So far, eight bodies have been found after conducting rescue operations. At least 23 people were rescued and are they are currently undergoing treatment at a hospital.
An investigation has been launched to identify the reason that led to the incident.
Since 2005, at least 152 buildings have collapsed in Lagos, according to a South African university researcher.