The reasons for the killing of the victim, who was a daily-paid menial worker, could not yet be ascertained.
The woman was reportedly shot dead in front of the popular Orisunbare market.
Traders and passers-by reportedly ran in different directions to avoid being hit by stray bullets.
The body of woman lay on the road side.
Eyewitnesses said the hoodlums were riding on commercial motorcycles popularly known as Okada around 9.45 am when they shot the aged woman.
An eyewitness, who preferred anonymity, said: “The old woman is one of those people doing menial job for bricklayers and masons, working in construction sites.
“She was heading to Old Garage area where they normally wait for bricklayers, who may come to pick them for daily paid job at construction sites.
“The boys were on Okada and they swiftly opened fire on the woman and she died on the spot.
“The policemen later came to the scene and cordoned off the area. The corpse of the woman was taken away in their vehicle.”
Police Public Relations Officer (PPRO) of Osun State Police command, Mrs. Folasade Odoro, confirmed the incident.
She disclosed four suspects have been arrested for the killing.
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