The Ikoyi Correctional Centre or Ikoyi Prison has been burnt by hoodlums who also attempted to free the prison inmates.
Reports say some inmates were shot as a combined team of correctional officers, police and soldiers are currently trying to foil a revolt and attempted jailbreak.
The attempted jailbreak in Lagos is coming three days after hundreds of prisoners escaped from the Benin prison.
According to the source inside the prison, several prisoners have been shot as some prisoners tried to breach the gate of the prison.
The report said troops of the Nigerian Army were called in to assist correctional officers who are trying to suppress the attempted jailbreak.
When reached for comment, another officer who refused to say his name answered the phone of the spokesperson of the Nigerian Correction Service, Austin Njoku.
Another report says security men have taken over and no prisoner actually escaped.
The security coordination our correspondent said is being done by a young officer who refused Journalists entrance into the vast compound of the Ikoyi Prison.
Our reporter said adjoining and popular places to the Ikoyi Prisons like Ribadu road, Dodan Barracks that used to accommodate Nigerian Heads of State and the Broadcasting House have all been secured. Ikoyi Prison commands a high level of security.
Despite the imposition of curfew in Lagos State, several road blocks from community vigilante, police and army surfaced yet the hoodlums moved around to cause havoc.
Some arrests were however made of which the Police command is yet to brief the press or arraign the suspects.