It was gathered the clash, which started over alleged illegal taxation by the area boys, let to the burning of tyres, destruction of properties and blockage of all access routes.
Residents going about their daily businesses were caught up in the exchange of bottles, other violent tactics by the warning factions.
Sources claimed the violence escalated to Volks, Alaba Rago and Okoko.
Although residents claimed the roads were still blocked and fire still burning, the police command said normalcy had returned.
Spokesman, Olumuyiwa Adejobi, who confirmed there was an incident in the area, said it had been brought under control.
“Normalcy has been restored to Iyana Iba, Okokomaiko and the axis. We are on top of the situation. No ethnic colouration.
“Everyone to continue his or her business. No cause for alarm. We wil update you with the details soon,” he said.