One of the victims killed was identified as Afusat Ayodeji but as at the time of filing this report, the identity of remaining one still unknown.
Crisis was said to have broken out at Kogbona Street where the event was held in the town between two rival cult groups.
It was learnt that some of the people injured are currently receiving treatment at various hospitals in the town while the remains of those killed had been deposited at the Ondo General Hospital morgue.
The Nation learnt that the event turned to free for all when a rival cultist group stormed the event in search of one of their opponent, who is a member of the youths who organised the carnival.
It was gathered that the hoodlums allegedly shot into the crowd, who had worn branded vests preparing to dance round the town.
At the process, two persons were allegedly hit by stray bullets, while others sustained severe injuries.
It took the intervention of the police before normalcy was returned to the town.
The Divisional Police Officer (DPO) of the Enuowa Police Station in Ondo State, Kunle Omisakin confirmed the incident.
He also informed that two persons have been arrested in connection to the mayhem.
He however added that the case had been transfered to the appropriate section at the police command headquarters in Akure, the state capital for further investigation.