A coastal community has suffered significant damage, with a substantial portion of its buildings destroyed. Approximately 80 per cent of the buildings are gone, and a higher percentage of valuable homes, about 96 per cent, have been lost.

The community in question is Ayetoro, and it has been reported that the area is submerged. Further details about the situation are available from the source.

The incident has been described as a case of the community being defrauded and betrayed, although specific details about the circumstances are not provided here. For more information, readers can refer to the original report.