The FRSC Sector Commander in the state, Joshua Adekanye, said the incident occurred at about 5.30 a.m. around Kilometres 12 Ijawaya on Oyo-Ogbomoso Road.
He said that the buses with registration numbers LEM 963 XA and NSR 222 ZS were coming from Lagos and Nasarawa states respectively.
Adekanye said that the vehicles went on flame immediately resulting in the burning of the occupants.
He attributed the cause of the accident to speeding and overloading.
He called on motorists to always shun night travelling, speeding and overloading, adding that the fatality would have been reduced if the drivers were not on a night journey.
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