Business
‘I don’t serve any idol except God’ + How i have stopped rain from falling on different Occasions – Oluwo Of Iwo Land reveals
The Oluwo of Iwo land, Oba Abdulrasheed Akanbi holds his second year anniversary of his ascension to the stool and marks his 50th birthday on Saturday 7th of October. He spoke with PREMIUM TIMES on his aspirations for his people in Iwo and his novel approach to the traditional stool.
PT: You came on the throne facing a lot of opposition and challenges. How were you able to survive the crises you faced?
Oluwo: I don’t see challenges as anything. It was a situation where people did not know me. So I don’t hold it against anybody. Those who opposed me did not know that I came with a message and that I am a different kind of person who has brought a new kind of leadership. I brought a leadership that is committed to serving humanity.
When people cannot understand you, then there will be a challenge. Even myself, before I became the king, there were things I didn’t know. To be a king is about service, it is not about ruling over the people, but serving the people. The definition of kingship has been redefined in Iwo. It is the only seat and throne of God on earth, where there is no selfish, fetish or idolatry mixing with it. I mean not worship any lesser gods or idols.
PT: Some princes of the land attacked you and criticised your style of leadership. What is the situation right now?
Oluwo: Like I told you earlier, they did not know that a new dispensation had come. Even Jesus Christ, when he came, people stoned him and lied against him and rejected him. They lied against me and said I was a yahoo yahoo, even when no one ever said I defrauded him. So, the period of attack was the time when they did not know who I was really. They thought I was trying to smear or reduce the throne, but they did not know that I was helping the kingship to grow and to become independent and raise a great people.
The princes today have come back to me already. Even this morning, some came to me to say ‘we are sorry, we did not know that you meant well. You have been setting our history right, and the things we did not know before, you are making us to know them.’
In the history of Iwo land, this is the first time we will be connecting the Iwo stool with the Ooni of Ife, which means the Oluwo is a son of Oduduwa. We even have a ruling house there gazetted under the law which can produce a prince who can aspire to become the Ooni of Ife. That is a great eye opener, which God, through me, has brought to us in Iwo land. We have written the history, we have returned Iwo to the position it ought to be and I have made the people to know that the Oluwo is a natural ruler from inception in the whole of Yoruba land. Oluwo has never been relegated, he has never been a Baale before. The Iwo people did not know this until I became the king.
When I was saying it they said I was arrogant, but I am not arrogant. I know where I am coming from and that is what makes me to be strong for the future to know where I am going. Everyday the princes come here and say ‘Kabiesi, have you forgiven us? We went astray, we are your children.’ They even brought gifts. When they were doing all that over 90 per cent of the people of the land were with me when I stepped on the throne. Only a few of them who did not know, who were confused…because it was a new time and a new thing.
PT: Now that they have come to say they are sorry, have you really forgiven them?
Oluwo: Why would I not forgive them? They are my children. They are princes. I was a prince before I became the king. If I were still a prince and I see a king that is doing a thing different from what others had done in the past, I may also have criticised him, unless God gives me the wisdom to know what it was that the king was doing. I had to put myself in their shoes. So I may not have known the right from the wrong, so if that is the case, I should not now look down on people who at a point in time, did not know the right from the wrong. The thing was that they did not know.
PT: You said you have been involved in developmental projects in Iwo land. Would you tell us where you are getting the funds to do roads and other similar projects?
Oluwo: We thank God for giving us wisdom. Ideas rule the world. Money don’t rule. You may have money, but without ideas, nothing will happen. But when you have ideas, especially to lead, you will make progress.
For instance, if you go to your area and you see a very bad road leading to your house. You know the road is not a federal road, not a state road and not even a local government road. You know that the government will not come and help you to fix it and the road is very bad. If you just start in the morning and you start knocking on the doors of all the landlords of that area, and you give them the idea of how the road can be fixed, you that have the idea would be made the leader of the community and they will entrust you to lead in ensuring the road is fixed. With ideas you can do a lot of things. Where the money comes from, I myself don’t know. But funds are coming and I myself also give from my pocket. Because as an oba that is working and also an active oba, there is no way you won’t be reckoned with. I am a working Oba.
PT: As a revered Oba in the Yoruba land, what are you doing to bring peace among traditional stools in serious conflicts in the south west?
Oluwo: The truth is that past traditional rulers in Yoruba land ruled and they did not impact the lives of people. We no longer want it to be like that. What I am advocating is that kings should show the people not only tradition, tradition, tradition, which are of the old. I am not against tradition, our tradition and culture is the best. But we have to move from obscurity into light and to make our tradition to be more attractive. Using all this red oil, all this black soap and putting it at junction and roundabout, who wants to see that? That is dirty. We are killing human beings for rituals, is that a good culture? Our culture is good, but when you put some things that is not good, like fetish things and all that stuff, then it is not good. When a culture condones killing of people for rituals, then that is a wicked culture. Culture is not wicked, it is the things added to it. I tell all the obas, if you can tell me the deity that Oduduwa worshipped, if you can just give me one deity that he worshipped, I will leave my crown, I will walk out of the palace and not be king anymore. Everything that Oduduwa laid down was good and that is how he became the father of all Yoruba people. He was not the first Yoruba man, but Oduduwa served the people diligently. You see, we call Oduduwa the father of the Yorubas. Which king has emanated from Ife that we can call the father of Yorubaland?
I am asking you that question. Which king that has emanated from the south west that you can say he is the father of the Yorubas? They call us royal fathers, but Oduduwa became the father of all Yorubas because he served. Do you know that we would have had another father of the Yorubas in the 60s and 70s and the 80s but he was not a king, he was only a leader, and that was Awolowo. Because you can see that he became the Premier of Western Region and he remembered the people, the downtrodden, he gave them free education. Who is doing that now? All we are doing is to get money for ourselves.
Money that is meant for millions, one person is taking it. I have told people that any politician that is seeking election and does not have anticorruption as a pillar of their policies should not be voted for; because corruption is what is killing Nigeria. And if you don’t have good leadership, you cannot fight corruption in this country. There are no poor people in Kuwait, and Nigeria is richer than Kuwait. They say all fingers are not equal, all fingers are equal in United Arab Emirates . There is no one poor Dubai and Nigeria is richer than UAE, Nigeria is richer than Kuwait, in terms of its resources and oil. We have it, and Nigerians are still suffering.
When it comes to kings, I am telling them to change their ways. Go and serve the people, don’t just sit down in the palace, go to the people, go to the communities, visit your subjects in their houses. Old ways is not now. You see my own style, I go to the people. I have eaten with the President, with governors and highly placed persons. I still go down to the people. Sometimes you will see me, I will leave the palace and will go and visit the people and start greeting them in their houses. I am talking about the lowest places in the society. I will go there and visit them and say to them, hi, this is your king. I am a father to them, my children cannot see me then I am not their father. I am not a ruler.
PT: You recently visited the Olubadan in his palace. What is your take on the crisis between the Olubadan and the government of Oyo State?
Oluwo: You see, traditional rulership has been having dents for long. The problem started from kings themselves. It is a kind of ignorance. It is not that they deliberately did it, they did not know. It was because instead of being fathers to the people, kings were only ruling. What Oduduwa laid down, people did not follow it and that is why we have problems. There is no way kings in Yoruba land will not go down because of the way we are going. You can see kings in the north are more respected than kings in the south west. Do you why? They have moved from what is called the old, blind tradition to a very high traditional. They do durbar today and make fun. We obas, we are the fathers of the nation, but we lost it, especially in Yoruba land. A king should not worship lesser gods. A king that does not have and should not have ‘this is the alfa praying for me, this is the babalawo doing something for me or this is the pastor that is doing this for me.’ A king is the one that has authority and he will say, be, and it will be so. If you represent God.
PT: You haven’t responded to my question on the Olubadan issue….
Oluwo: Yes, I will speak on it, that is where I am coming to when I started by saying we have lost it. Let me tell you the truth, government is the one that gives the right to become a king; the king doesn’t give the government the right to become the government. We should know that the power of the government cannot be eroded, we cannot disrespect the law. What is there is that the traditional system which doesn’t have anything left, other than people just want to respect you. If they want to respect you…if they want chieftaincy title, they want other things, they will come to you, but other than that, the king has no more powers. Do you know that if the king wants to do traditional title, somebody can even go to court and stop the king. If a king wants to build a palace, somebody can say I am the owner of the land and he can go and get injunction from the court. There is no power any more. But there are values. And if people want to respect you it is at their own discretion.
If the governor comes to you as a kabiesi and says he wants us to do something, without politicising it, if the Oba refuses, the governor can invoke the relevant sections of the law against the oba. So what I have to say is that the power of the government should not be eroded, but the traditional institution should not be reduced to nonentity and should not be reduced to thrash. I believe that the governor has done that as I heard. I have made some move to bring peace, and I want to wade into it to actually tell them their limits. I have told the Olubadan and I am trying to reach the government as well. I was told he went somewhere and had just returned and so we have not been able to sit to talk about it. There should be a balance. I would not want the traditional institution to be disrespected and at the same time will not want the government power to be eroded because it will not be good for our democracy.
PT: You were reported to have stopped the rain from falling at an occasion, how did you come about stopping the rain?
Oluwo: I can command the rain to stop. I have done it more than once. An oba who doesn’t worship lesser gods, an oba that worships no other thing than God who does not sleep. If you have a pastor that sleeps that you are relying on, you are going to lose. If you have an Imam who has a wife and when he sleeps by his wife in the night, you call him and he can’t pick your call, you know you are a loser. If you have a babalawo as your backbone, your backbone will break. I have only God. it is not about Islam, it is not about Christianity, it is not about babalawo, it is about divinity. Many things about the Yoruba culture and traditions are divine. Any function that I am attending and there is no canopy and there is rain coming I will tell it to go away. Many people have witnessed it in many places. There was even one with thundering and lightning, I said I am outside here, go back. There was another one, I told that rain, go to Lekki. Yes, and it would never rain. I have the power to say that, with the power of God and the position I am sitting in. That is why when I pray to God, I can command sickness to leave the person it is affecting to come to me. If I want to take anything like sickness or poverty from the land, I have to give it back to God that owns it.
PT: How will Saturday’s second coronation anniversary and your 50thbirthday ceremony rub off on Iwo people?
Oluwo: I did not want to do this, it is my people who have insisted that it should be done. I wanted to go to the poor, visit the less privilege and give to the poor, but they say it has to be done. Left for me, this will not be. It is not just preparing Chinese rice, great food and fixing a hall when some people are actually hungry, I didn’t want it, but they said no, they want me to celebrate, they are the ones that wanted it. Left to me I will just visit the poor, less privilege and that is it.
Business
Group Signs Investment Promotion Agreement in Ivory Coast as UNIPGC Deploys Funding for Capital Projects
Group Signs Investment Promotion Agreement in Ivory Coast as UNIPGC Deploys Funding for Capital Projects
– Ivorycoast, Cot’devouir
Noble & Gold Consulting Ltd has officially signed a partnership agreement with Gicobat Group of Company to facilitate funding for capital projects in Abidjan, Côte d’Ivoire, through the UNIPGC–Global Economic Development Council (GEDC), during a high-level Business and Investment Roundtable held in the country.
The meeting, which took place on May 12, 2026, at the World Trade Centre in Abidjan, brought together senior executives and stakeholders from both organizations, including His Excellency, Amb. Jonathan Ojadah GCOP, Global President of UNIPGC; Mr. Noble Eze, CEO of Noble & Gold Consulting Ltd; and the Chairman of Gicobat Group of Company, Côte d’Ivoire.
The roundtable focused on opportunities for capital project financing, investment promotion, and business development across strategic sectors of the economy. Following extensive deliberations, the parties finalized terms and signed an agreement aimed at advancing the projects discussed during the engagement.
Speaking at the event, the Chairman of the UNIPGC-GEDC, His Excellency Amb. Jonathan Ojadah, delivered a presentation titled *“How Reputable Brands Can Secure Funding for Capital Projects.”* He stated that the agreement represents a major milestone in supporting high-profile business initiatives that require structured financing and professional project management.
According to him, the partnership aligns with UNIPGC-GEDC’s mandate as a leading investment promotion, advisory, and business development institution operating across Africa and internationally.
> “Today, I am delighted to address this important topic on how leaders of established and reputable brands can secure the capital required for major expansion, technological advancement, or infrastructure development. The objective is not merely to find funding, but to attract the right funding at the most competitive cost of capital,” he stated.
He emphasized that brand reputation remains a critical asset in attracting investors and financial institutions.
> “In business, reputation is everything. In the world of capital-intensive projects, reputation is more than public perception; it is an asset class. A reputable brand represents stability, proven performance, and trustworthiness,” he added.
Amb. Ojadah further noted that successful funding processes begin long before formal investment pitches are made. According to him, investors seek organizations that demonstrate value stewardship, operational excellence, and financial discipline.
Drawing from his international experience in capital project engagements across Egypt, Kenya, the Democratic Republic of Congo, Zambia, and other countries, he highlighted several categories of major funding institutions involved in large-scale development financing. These include multilateral development banks, government agencies, private foundations, and impact investors focused on infrastructure, healthcare, real estate, energy, oil and gas, and sustainable development.
Among the institutions he referenced were the International Finance Corporation (IFC), the European Union (EU), the United Nations Capital Development Fund (UNCDF), the OPEC Fund for International Development, the Bill & Melinda Gates Foundation, the Mastercard Foundation, the Ford Foundation, the Rockefeller Foundation, and the UNIPGC Foundation.
He explained that through the UNIPGC Global Economic Development Council (GEDC), the organization facilitates funding opportunities for startups, private sector operators, and government projects through public-private partnerships (PPP), leveraging its network of international funding partners and financial institutions.
Amb. Ojadah identified three critical indicators commonly assessed by investors and lenders before financing projects:
1. **Transparency and Financial Performance** – Organizations must maintain audited financial records, quality assets, and sustainable growth patterns.
2. **Operational Excellence** – Investors prefer businesses with proven operational systems and stable cash flow generation, which reduce investment risks.
3. **A Strong Project Narrative** – Businesses must clearly demonstrate how proposed projects align with long-term strategic goals such as digital transformation, automation, infrastructure expansion, or increased market competitiveness.
He also outlined key strategies reputable brands can adopt in securing project financing, including bank financing, strategic partnerships, vendor financing arrangements, private equity investments, and asset-based lending structures.
> “Securing capital for projects as a reputable brand is ultimately about combining trust with strategic planning. Reputation is your strongest asset, and when paired with sound financial planning and a compelling vision, it becomes a powerful tool for building the future,” he concluded.
For Gicobat Group of Company, the partnership is expected to accelerate the execution of ongoing and proposed projects by leveraging UNIPGC-GEDC’s network of investors and financial partners. Officials of the company expressed confidence that the collaboration would significantly improve project implementation timelines and financing accessibility.
Organizers noted that the choice of the World Trade Centre, Abidjan, as the venue reflected the international scope and significance of the engagement, particularly for negotiations involving capital-intensive projects in infrastructure, trade, and industrial development.
UNIPGC-GEDC describes itself as a leading global investment promotion, advisory, and business development consultancy, working with governments, private enterprises, and institutional investors to structure, finance, and manage large-scale projects from inception to completion.
According to the organization, the Abidjan agreement adds to its expanding portfolio of strategic partnerships aimed at unlocking capital for projects with significant economic and social impact. It also confirmed that due diligence and project structuring processes had been completed prior to the signing to ensure project bankability and investor confidence.
Officials from both organizations further disclosed that implementation teams would be constituted immediately to oversee the next phase of the agreement. Although specific project details were not disclosed, both parties assured stakeholders that updates would be communicated as implementation milestones are achieved.
UNIPGC-GEDC also encouraged businesses, institutions, and investors with high-impact projects requiring financing or management support to engage with its team for collaboration opportunities. Further information on its services is available via UNIPGC-GEDC Official Website www.unipgc.org/gedc
Business
Dennis Ekamah Isn’t Building Houses—He’s Redefining What Home Means for Africans Through PropTech
Dennis Ekamah Isn’t Building Houses—He’s Redefining What Home Means for Africans Through PropTech.
The founder of coHouse.ng is reimagining how millions of Africans access, experience, and share housing through technology.
In Africa’s rapidly evolving innovation landscape, the most transformative companies are no longer defined by the industries they enter, but by the systems they redesign.
For Dennis Ekamah, the opportunity was never about constructing buildings, it was about confronting a deeper question.
why is access to housing still so structurally difficult for millions of Africans in a digital age?
Rather than stepping into real estate as a developer. Dennis chose a different path, positioning coHouse.ng as a PropTech platform rethinking how housing is accessed, experienced, and shared. At the heart of this vision which is connecting potential home owners together via resource pooling for the purpose of either Living or Growth. Simply, *Connect. Live. Grow.*
*A Platform Not a Property Company*
coHouse.ng is not a real estate company. It is a technology-driven ecosystem connecting like-minded individuals into structured communities where they can live intentionally, invest collectively, and grow within a shared system.
From Insight to Recognition
In 2025, coHouse.ng was recognised among the Top 50 Tech Startups in Africa. Even ahead of its official launch, the platform attracted over 1,000 early waitlist users, individuals eager to be part of a new way of living and investing.
Solving for Access, Alignment, and Trust
Dennis Ekamah’s diagnosis goes deeper than supply shortfalls. The real barriers he argues are access, coordination, and trust. coHouse.ng tackles all three through identity verification powered by a third party verification system api. coHouse is not flying solo without the help and collaboration with government bodies across Nigeria and other African countries.
In his words;
“Imagine what you would achieve as an individual or group if you’re living with the right people or like-minded individuals around you.”
I’m not a developer, I’m not a professional realtor, I’m just someone who sees the need for this solution based on the problem we face as youth/young entrepreneurs in today’s housing deficiency across Africa.
— Dennis Ekamah
Join our waitlist by visiting www.cohouse.ng
Business
Landmark Judgment: Federal High Court Dismisses ₦50bn Oil Spill Claim Against ExxonMobil
Landmark Judgment: Federal High Court Dismisses ₦50bn Oil Spill Claim Against ExxonMobil
The Federal High Court sitting in Uyo has dismissed a ₦50 billion lawsuit filed against ExxonMobil, sued as Mobil Producing Nigeria Unlimited, now Seplat Energy Producing, in a ruling analysts say could significantly reshape oil spill litigation and compensation claims in Nigeria’s petroleum sector.
Delivering judgment on April 29, 2026, Justice Onyetenu held that the suit instituted by the Ejige Ore Njenyisi Muma & Fishing Co-operative Society Ltd was incompetent and liable to dismissal for lack of jurisdiction.
The plaintiffs had sought ₦50 billion in damages over an alleged hydrocarbon spill said to have occurred on September 12, 2021.
However, counsel to the defendant, Chinonso Ekuma of KENNA LP, successfully argued that the claimants failed to disclose any legally recognisable violation attributable to the oil firm.
In its findings, the court held that the plaintiffs failed to establish any actionable wrongdoing against the defendant.
A key element in the court’s decision was the Joint Investigation Visit (JIV) Report tendered by the plaintiffs themselves, which showed that the alleged spill incident was confined within ExxonMobil’s operational facility and did not impact the members of the cooperative society or their sources of livelihood.
The court further ruled that claims arising from such incidents must be pursued strictly under the statutory compensation framework provided in Section 11(5) of the Oil Pipelines Act, rather than through common-law claims founded on negligence or nuisance.
Justice Onyetenu held that the plaintiffs’ attempt to circumvent the statutory regime by framing the suit as a tort action rendered the matter incompetent before the court, thereby depriving it of jurisdiction.
Legal analysts say the judgment reinforces the supremacy of the Oil Pipelines Act in determining compensation procedures relating to oil pipeline incidents and environmental claims in Nigeria.
The ruling is also seen as strengthening the evidential weight of Joint Investigation Visit Reports, particularly in cases where such reports indicate no direct impact on claimants or host communities.
Industry observers believe the judgment will have far-reaching implications for future oil spill litigation, especially regarding the procedural requirements for compensation claims against oil operators.
The court’s decision further provides clarity for operators within Nigeria’s energy sector by reaffirming that compliance with Section 11(5) of the Oil Pipelines Act is mandatory and cannot be sidestepped through alternative legal formulations.
While K.O. Uzuokwu appeared for the plaintiffs, the defence was led by Chinonso Ekuma of KENNA LP on behalf of ExxonMobil.
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