Business
Alake of Egbaland shouldn’t classify me as a Yoruba Monarch except He wants to stir up an unnecessary controversy” – Oba of Benin fires
The Ooni of Ife, Adeyeye Ogunwusi, on Tuesday said Benin Kingdom in Edo State remained part of the expansive Yoruba race, a pronouncement that may spark fresh rivalry and altercation between people of the two ancient kingdoms.
The monarch made the comment in reaction to a statement credited to the palace of the Oba of Benin challenging the claim by the Alake of Egbaland, Adedotun Gbadebo, that the Ooni of Ife remained the pre-eminent spiritual leader in Yorubaland and environs.
Oba Ogunwusi, via a statement by his Director of Media and Public Affairs, Moses Olafare, said he was not interested in any supremacy battle with anyone but that he would continue to put the records straight and avoid distortion of history from any quarters.
The monarch said going by historical evidence detailing the Oduduwa lineage, Benin Kingdom remained part and parcel of Oduduwa House.
“We in Oduduwa land have always seen and regarded our people in Benin kingdom as part and parcel of Oduduwa House. They are our brothers and sisters, coupled with historical facts to back up this position,” Ooni Ogunwusi said.
“The statement credited to the Alake of Egbaland, did not emanate from us but the reality is that as a highly experienced and well informed monarch, Kabiyesi Alake, who is a bonafide Oodua descendant is entitled to his opinion based on his knowledge and understanding of history,” the Ooni said.
“Let me emphasize for the umpteenth time that Kabiyesi Ooni is less concerned over any supremacy hullabaloo. He is only interest for now in how the sacred throne of Oduduwa can explore measures through which the collective interest and genuine unity among Yoruba and other tribes within the larger House of Oduduwa can be enhanced.
“This informed his resolve to build bridges of harmony among Yourba Obas. I am resolutely committed to how Yoruba ethnic group can restore its glory and pride of position among other ethnic inclinations in Nigeria and don’t want to be dragged into supremacy contest or join issues with anybody.”
The traditional ruler said he recalled that about six years ago, attempt was made by some people to upturn history during the launch of a book titled: I REMAIN SIR, YOUR OBEDIENT SERVANT, which he said stood historical facts on its head.
Oba Ogunwusi stated that If the position espoused by the Oba of Benin Palace in the media “is aimed at distancing our people in Benin from the South West and Yoruba, so be it.”
He however added, “We still identify with them as our kinsmen, regardless of the attempt to change the course of history.”
The Alake had, while hosting the Oba Ogunwusi in his palace on February 7, rated the Ooni as the number one monarch in Yorubaland and other territories considered part of the Oduduwa House.
In his rating, Oba Gbadebo said Oba Ogunwusi was number one of the five principal Obas in Yorubaland, followed by the Alaafin of Oyo, then by the Oba of Benin (in third position), the Alake of Egbaland (fourth) and the Awujale of Ijebuland (fifth).
But in a swift reaction on Tuesday, the Esogban of Benin and Odionwere of the Kingdom, David Edebiri, rejected the ranking, saying the Ooni of Ife was a son of the Oba of Benin and that the Oba of Benin stool has no relationship with the Yoruba race.
The Esogban said, “We wanted to discard this report as something that was not necessary at all. We do not see how the Alake of Egbaland suddenly woke up to think that the Oba of Benin is also a Yoruba Oba.
“There is no basis for such classification; Oba of Benin has nothing to do with the Yoruba Obas. It is simply unnecessary, unless they simply want to stir up an unnecessary controversy.
“We are not in Yorubaland. To be frank, it is because many of them are not willing to come up with the truth, the word Oba is alien to Yoruba monarchy; it is not part of their title from time immemorial.
“For instance, the one they call the Oba of Lagos, these are recent adaptations. In the 50s, there was no Oba of Lagos, what we had was the Eleko of Eko. That is the title of the King there. In Ibadan, you have the Olu Ibadan. You come to Abeokuta, you have the Alake of Egba land. You come to Oyo, you have the Alaafin of Oyo. In Ilesha, you have the Owa-Obokun of IIesha. So no Yoruba monarch had as part of his titles the word Oba except the Oba of Benin.
“That word Oba is indigenous to Benin. It is only in recent times you find everybody bearing Oba. When the Western Regional conference of traditional rulers took place in Benin City in 1942, go and check the attendance, there was no other monarch in the whole of the Western Region then that bore the title of Oba, except the Oba of Benin.
“So it is an unnecessary excursion, an unnecessary attempt to turn history upside down by the Alake by classifying the Oba of Benin as third in the hierarchy of kings.
“Our own traditional history says that the Ooni of Ife was a Benin Prince who wandered from here to Ife, settled there and became the ruler there. That is the position, if they don’t know, they should send people here; we will teach them.
“We will show them landmarks. So this is unnecessary misrepresentation of history. Maybe the Alake wanted to mention a different place and not Benin.
“The monarchical rulership in this part of the world started from Benin during the era of the Ogisos. It was the son of the last Ogiso, Owodo, that wandered from here to Ife and he became a ruler there, carrying everything about the Benin monarchical system to that place. There is no basis for such classification.
“The Ooni of Ife, by historical facts, is a son of the Oba of Benin, so they are not in the same class. The Oba of Benin is the only one that answers Oba, the rest don’t. But today, we hear Oba here and there, they are all recent adaptations. I am saying categorically that the word Oba is indigenous to Benin and not to Yoruba nation.”
Premium Times
Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information.
On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.
The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.
With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.
Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19
It is a bi-monthly platform that is open to the public and is held virtually.
Visit www.alphamorganbank to know more.
GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.
In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.
For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.
Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”
Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.
With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank
Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.
About HabariPay
HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:
GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com
-
celebrity radar - gossips6 months agoWhy Babangida’s Hilltop Home Became Nigeria’s Political “Mecca”
-
society6 months agoPower is a Loan, Not a Possession: The Sacred Duty of Planting People
-
society5 months agoReligion: Africa’s Oldest Weapon of Enslavement and the Forgotten Truth
-
news6 months agoTHE APPOINTMENT OF WASIU AYINDE BY THE FEDERAL GOVERNMENT AS AN AMBASSADOR SOUNDS EMBARRASSING
You must be logged in to post a comment Login