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The Olubadan of Ibadanland, Oba Saliu Adetunji and former Governor of Oyo State, Senator Rashidi Ladoja, who is a member of Olubadan-in-Council yesterday boycotted the coronation ceremony of 21 new kings installed by Governor Abiola Ajimobi.

The absence of the duo, however, did not take the shine off the epoch making ceremony as thousands of residents of the sprawling city trooped out to witness the memorable event.

Oyo State Governor, Senator Abiola Ajimobi, presented certificates and staff of office to the 21 chiefs, who were among the 33 recently elevated to the status of Obas in Ibadan, following the adoption of the recommendations of a judicial commission of inquiry earlier inaugurated by the governor.

The colourful ceremony, held at the arcade of the historic Mapo Hall, Ibadan, yesterday, was attended by prominent Ibadan elders, socio-cultural groups, opinion leaders and a large number of Ibadan citizens.

The event marked a turning point in the history of the ancient city, which used to have the Olubadan of Ibadanland as the only beaded-crown-wearing Oba, in its 11 Local Government Areas with a population of about four million.

The 11 members of the Olubadan-in-council were elevated to the status of Oba, with the prefix of ‘his royal majesty,’ but only eight were available for the event, following the death of two high chiefs and the refusal of Osi Olubadan, Senator Rashidi Ladoja, to be part of the process.

13 ancient baales from different towns in Ibadanland were also promoted to the position of Obas, with the prefix of ‘his royal highness.’

All the newly promoted Obas will be under the authority of the Olubadan of Ibadanland, Oba Saliu Adetunji, who will be the only ‘imperial majesty,’ while none of them will add the suffix ‘land’ to his title.

Due to the vacancies in the stool of nine chieftaincies, who have also been elevated to the status of obaship, the nine towns were not represented at the occasion.

Speaking at the event, the governor said that the state government followed due process in conducting the exercise, stressing that all extant laws had been complied with, while he said that the exercise was not encumbered by any legal impediment.
Ajimobi debunked the insinuations being peddled by those he called political opponents to the effect that the promotion was targeted at whittling down the influence and authority of the Olubadan as the supreme monarch in Ibadanland.

The governor said that the initiative was borne out of a strong sense of patriotism and a resolve to elevate, uplift, transform and reposition the chieftaincy institution of Ibadanland.

He quoted a famous author, Henry James, who once said that ‘a tradition is kept alive only by something being added to it,’ to buttress his point.

Ajimobi said, “This epoch making event in the annals of the history of Ibadanland is a practical demonstration of our administration’s commitment to the enhancement of dignity and honour of the chieftaincy institution in Ibadanland and Oyo State in general.

“I wish to state categorically that we are not changing history; we are not changing tradition; we are not changing the culture of Ibadanland.

 

“Rather, we are elevating and consolidating our traditional institution and the exalted position of the Olubadan as the imperial majesty in Ibadanland.

“We are also elevating the Olubadan-in-Council and the chieftaincy institution without altering or tinkering with the traditional succession and ascendancy system of the Olubadan Chieftaincy structure.”

The governor explained that the review of the 1959 Olubadan chieftaincy declaration was not a novel idea, having been carried out by successive administrations in the state in 1974, 1981, 1993 and 2000.

According to him, Ladoja, who was opposed to the current exercise, also set up the Adio Commission to review the Olubadan Chieftaincy declaration, before jettisoning the commission’s recommendations.

The governor said, “Our administration is not reinventing the wheel. We have simply, like others before us, embarked on a review of the Olubadan Chieftaincy Declaration in response to the yearnings of well meaning stakeholders.

“These include the Ibadan Elders Council, Central Council of Ibadan Indigenes (CCII) and eminent sons and daughters of Ibadanland, such as Chief Theophilus Akinyele; the late Otun Olubadan, Chief Omowale Kuye; and all, but one member of the Olubadan– in-Council.

“They all desired to elevate the traditional chieftaincy institution in Ibadanland and position it comparably and competitively amongst other ancient Yoruba cities who have embraced new and modern systems. They have been truly inspired by the words of Lidia Bastianich when she said ‘Today’s innovations are tomorrow’s tradition.’”
The governor explained that the event was also borne out of his administration’s burning desire to redress the lopsidedness in the number of beaded crown obas in Ibadanland vis-à-vis other zones in the state.

While Oke Ogun, Ogbomoso, Oyo and Ibarapa zones have several beaded crown obas, he declared that Ibadanland, touted as the political and traditional headquarters of Yorubaland, had only one beaded crown oba.

With the installation of 33 new obas, the governor said that the clamour for the creation of Ibadan State had become justifiable, adding that the individual domains of the new obas were poised to witness tremendous growth and development.

He charged the new obas to use their elevated royal positions to promote peace in their localities, as well as the unity and well-being of the citizenry.

BIG STORY

JUST IN: Again, Police Arrest Speed Darlington During Show In Imo State

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Operatives of the Nigeria Police Force have arrested Nigerian musician Darlington Okoye, popularly known as Speed Darlington, in Owerri, the capital of Imo State.

The singer’s counsel and human rights lawyer, Deji Adeyanju, confirmed the arrest in a post on his official X page on Wednesday.

Adeyanju revealed that his client was detained while performing at a show in Owerri, just days after returning to Nigeria earlier in the week.

He wrote, “Our client, Speed Darlington, a.k.a AKPI, has been arrested by the Nigeria Police in Owerri at his show upon return to Nigeria.”

However, the exact reason for the singer’s arrest remains unclear at the time of filing this report.

It is worth noting that the Nigeria Police had previously arrested Darlington over allegations of cyberstalking fellow musician Damini Ogulu, better known as Burna Boy.

Darlington was initially arrested in Lagos, then transferred to Abuja, where he was detained by the IGP’s Intelligence Response Team in the Guzape area of the city.

The musician, who faced accusations of cyberstalking Burna Boy, was later released on bail days after his arrest.

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BIG STORY

President Tinubu Asks NNPC To Fast-Track Reactivation Of Warri, Kaduna Refineries

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President Bola Tinubu has praised the Nigeria National Petroleum Company (NNPC) Limited for the revitalization of the Port Harcourt refinery.

On Tuesday, NNPCL announced the official commencement of crude oil processing at the refinery—a milestone achieved after three years of rehabilitation work.

In a statement on Tuesday from Bayo Onanuga, the president’s special adviser on information and strategy, Tinubu urged the NNPC to expedite the reactivation of the Warri and Kaduna refineries.

Tinubu, while acknowledging the efforts of former President Muhammadu Buhari in making this achievement possible, reaffirmed his administration’s commitment to advancing energy sufficiency in Nigeria.

“The President acknowledges the pivotal role of former President Muhammadu Buhari in initiating the comprehensive rehabilitation of all our refineries and expresses gratitude to the African Export-Import Bank for its confidence in financing this critical project,” the statement reads.

“Furthermore, President Tinubu commends the leadership of NNPC Limited’s Group Chief Executive Officer, Mr. Mele Kyari, whose unwavering dedication and commitment were instrumental in overcoming challenges to achieve this milestone.

“With the successful revival of the Port Harcourt refinery, President Tinubu urges NNPC Limited to expedite the scheduled reactivation of both the second Port Harcourt refinery and the Warri and Kaduna refineries.”

Tinubu emphasized that the commencement of petrol production at the refinery would bolster the country’s domestic production and position Nigeria as a major energy hub.

He called on individuals, institutions, and citizens entrusted with public infrastructure to uphold trust in their service to the nation.

“These efforts will significantly enhance domestic production capacity alongside the contributions of privately-owned refineries and make our country a major energy hub, with the gas sector also enjoying unprecedented attention by the administration,” Onanuga said.

“In alignment with the Renewed Hope Agenda focused on shared economic prosperity for all, the President reaffirms his administration’s commitment to achieving energy sufficiency, enhancing energy security, and boosting export capacity for Nigeria.”

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BIG STORY

FG Considering US Diaspora Bond, Targets $1bn Monthly Remittances — CBN Governor Cardoso

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Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), announced that the country’s foreign reserves increased to $40.88 billion as of November 21.

Cardoso made the statement on Tuesday during a press conference following the monetary policy committee’s 298th meeting in Abuja.

He reported that the external reserves grew from $40.06 billion at the end of October to $40.88 billion in November.

This marks an increase of $82 million, or 2.05 percent, in just 21 days.

“The external reserves rose marginally to 40.88 billion as of 21 November 2024, from 40.06 billion at the end of October 2024, available to finance 17 months of imports,” he explained.

However, a check on the apex bank’s website revealed that Nigeria’s foreign reserves were listed at $40.27 billion on November 22, which is lower than the figure presented by Cardoso.

Further commenting on the matter, Cardoso stated, “the process of getting us where we are in terms of reserves has been a long one.”

“It is a clear indication that the policies we have put in place are certainly yielding fruits,” he added.

He emphasized that “reserves are there for a multiplicity of different purposes, not least of which is to create buffers in the event of unanticipated shocks.”

“They are not there to simply whittle away. They are there to be used to more or less defend yourself where that becomes necessary,” he clarified.

“And when we talk about shocks that are not anticipated, I think we can see how the global economies are,” Cardoso continued.

The governor also affirmed that the bank will persist in efforts to stabilize the currency and prices.

“The currency has been stable compared to what it was in June,” he noted.

However, he pointed out that for the country’s currency to maintain stability, there must be increased exports and greater diversification of the economy.

Cardoso also highlighted that diaspora remittances have risen due to policies that have been implemented.

He commended Nigerians in the diaspora for helping the country achieve over $600 million in remittances.

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