Business
Ooni of Ife, Olugbo of Ugbo in supremacy battle over monarchical seat
There is an ongoing battle of supremacy between the Ooni of Ife, Oba Adeyeye Ogunwusi, and Olugbo of Ugbo, Oba Obateru Akinruntan, over which throne is the monarchical seat of power in Yorubaland and the origin of Oduduwa, the so-called progenitor of Yoruba people.
Oba Akinruntan also attacked the Ooni of Ife for describing Moremi Ajasoro as a heroine.
The Ugbo monarch disagreed with the Ooni, who described Moremi as a goddess and recently built a 42-foot statue in her honour.
To the Ondo monarch, Moremi was a traitor who betrayed her husband, Osangangan Obamakin.
But in a swift reaction, the Ife monarch said Olugbo did not have deep knowledge of Yoruba history.
The Olugbo, in a statement issued by the Olugbo-in-Council, said, “We, the Olugbo–in–Council, found such (Ooni’s remarks about Moremi) unguarded statements and historical fallacy disturbing, particularly when such emanated from a monarch who is expected to be a custodian of history, customs and traditions of Yorubaland. We hereby state categorically that we are Ugbos, the aboriginal settlers and owners of Ile-Ife.
“Our forefathers descended from heaven, that is why we are called ‘Ugbo Atorunwo.’ We are not Ibos (Igbos), who are from the South-East, and who have their own clearly researched and defined ancestry. To set the record straight, Moremi remains a traitor. She was a slave captured by Ugbo warriors during one of their many raids on Ile-Ife. She later became the wife of Osangangan Obamakin, the son of Oranfe, of who was the paramount ruler of over 13 aboriginal communities of ancient Ugbomokun, which later came to be called Ile Ife.”
The statement said further, “Oduduwa came to Ugbomokun as a stranger and was welcomed in Ilero, the aboriginal palace of Osangangan Obamakin, which is still in existence in present-day Iremo, in Ile Ife. During the dynastic struggles, Osangangan Obamakin was directed by the oracles (Ifa and Osanyin) to leave Ile Ife. Moremi betrayed her husband’s trust when she exposed the secret of the Ugbo warriors’ gallantry.”
“Popular history states that Oduduwa, the progenitor of the Ooni, migrated from the East/Mecca. In another account by the Oba of Benin, recently, Oduduwa came from Benin. We ask that the Ooni should confirm his ancestral roots. It is also of importance to note that in the ancient custom of Yoruba, an incumbent king must have no living father. Also, no man from a female lineage of a ruling house is qualified to sit on the throne.”
But Oba Ogunwusi, who spoke through the Director of Public Affairs of the Ooni’s Palace, Moses Olafare, said the Ooni would not dignify the Olugbo with an answer because he was more focused on achieving unity among all Yoruba people and would not allow himself to be distracted.
The Ooni insisted that Moremi was a heroine, who deserved accolade because of the role she played in the liberation of Ife people from some “faceless terrorists.”
He said, “This outburst of Olugbo can only be viewed by well-meaning people as a pitiable act of absurdity that doesn’t deserve serious attention by serious people. How on earth could a Yoruba king refer to Moremi as a traitor because she used her power as a woman to liberate her people from incessant invasions by some faceless terrorists?
“Most paramount on the mind of His Imperial Majesty, Ooni Adeyeye Ogunwusi Ojaja II, with the unflinching support of the Alaafin, baba; the Awujale; the Alake; the Orangun; the Deji; the Ewi; the Osemawe; the Olubadan; the Oba of Lagos; and other relevant peace-loving monarchs in Yorubaland and in other parts of the country is and remains the much-needed progress of Yoruba nation which can only be achieved through peace and unity.
“It is a pity that at this time when everybody is tired of retrogressive royal discord, the Olugbo, who claims to be the Chairman of Yoruba Obas Committee on Peace and Reconciliation, has suddenly without a deep knowledge of Yoruba history, woken up to see royal controversy as the only tool for cheap publicity.”
FirstBank Partners Eko Hotels & KEY Academy for ChessMasters 2026 Tournament
Lagos, 30 March 2025 – FirstBank, West Africa’s premier financial institution and the leading financial inclusion service provider, has announced its strategic sponsorship of the second edition of ChessMasters, Africa’s largest school chess tournament. The announcement was made at the official press conference of the tournament held on 16 March 2026 at Eko Hotels and Suites, Lagos.
ChessMasters is an annual chess tournament designed to equip the next generation with critical thinking, problem-solving, and leadership skills. The competition targets children in primary school aged between 6 and 11 years old. Organised by Eko Hotels and Suites & KEY Academy , ChessMasters was created to provide thousands of children across Nigeria with opportunities to develop modern educational skills, bringing schools together on a national stage.
Speaking at the press conference, Olayinka Ijabiyi, Acting Group Head, Marketing & Corporate Communications at FirstBank, said, “Our sponsorship of ChessMasters 2026 reflects our commitment to building talents and communities, driving inclusion, and deepening engagement through our First@Sports initiative, a platform that celebrates talent and promotes social impact through sports. With over a century of supporting legacy sports in Nigeria, we are proud of our enduring partnerships – 105 years with the Georgian Cup, 65 years with the Lagos Amateur Golf Championship and 35 years with the Dala Hard Court Tennis Championship.”
Ijabiyi further highlighted how the sponsorship aligns with FirstBank’s sustainability pillars of Education, Health, and Welfare. “We recognise the potential of chess to help school-age children challenge themselves, think critically, and compete at the highest level, hence we see the tournament as a launchpad for a pan-African movement leveraging chess as a tool for education, empowerment, and leadership development. We are utilising this platform as another avenue to promote social impact and drive positive change in the community.”
Caline Chagoury Moudabar, Director and Co- Founder of ChessMasters and her partner Damilola Okonkwo of Key Academy, expressed appreciation for FirstBank’s support, noting that the partnership will help scale the impact of ChessMasters and inspire more schools to participate. “We are happy to welcome FirstBank on board. This collaboration will boost chess development in Nigeria and promote critical thinking among young minds. With support from partners like FirstBank, we are opening the doors of participation to more children and more schools in this year’s edition.”
Prince Adeyinka Adewole, Vice President of the Nigeria Chess Federation, commended the initiative, emphasising its role in nurturing future chess talents. “Chess connects people, ideas, and opportunities. It teaches children to be analytical, patient, and manage their time and resources effectively. Chess also improves concentration and has been particularly beneficial for children with autism.”
The second edition of ChessMasters will be held on Saturday, 2 May 2026 at Eko Hotels and Suites, Lagos. The competition is open to 150 schools across Lagos, with over 700 students expected to participate and vie for a total prize pool of N10 million.
FirstBank’s involvement in the 2026 edition of the tournament reinforces the potential of ChessMasters to become a launchpad for African children, leveraging chess as a tool for education, empowerment, and leadership development.
Business
Alpha Morgan Bank Reinforces Commitment to Education at Redeemer’s University Business School Commissioning
Alpha Morgan Bank Reinforces Commitment to Education at Redeemer’s University Business School Commissioning
Alpha Morgan Bank has reaffirmed its commitment to education and institutional development through its support for the commissioning of the Redeemer’s University Business School.
The Business School was officially inaugurated by Pastor (Mrs.) Folu Adeboye, at the commissioning ceremony attended by distinguished guests including Her Excellency, Mrs. Bola Obasanjo; the Pro-Chancellor and Chairman, Governing Council of Redeemers University, Professor Oluwatoyin Ogundipe; the Vice Chancellor, Professor Shadrach Olufemi Akindele; and other notable dignitaries.
Speaking at the event, the Managing Director of Alpha Morgan Bank reiterated the Bank’s commitment to supporting institutions that drive intellectual growth and national development.
As part of its broader focus on knowledge sharing and thought leadership, Alpha Morgan Bank will host its Economic Review Webinar in May 2026, bringing together experts to share insights on key economic trends and opportunities.
The Bank’s involvement reflects its continued dedication to empowering institutions and shaping the future of business and leadership in Nigeria.
Read more about Alpha Morgan Bank on www.alphamorganbank.com
PHOTO
L-R: Prof. Shadrach Olufemi Akindele, Vice Chancellor, Redeemers University, Engr. Eloka Eje, Dr Perez Araka, Pastor (Mrs) Folu Adeboye, Mother-In-Israel, The Redeemed Christian Church of God, Mr Ade Buraimo, MD/CEO Alpha Morgan Bank, Dr (Mrs) Oluwatomi Somefun, Dr. Simeon Ifere, at the inauguration of the Redeemer’s University Business School, Redemption City, Ogun State on Thursday 2nd April, 2026
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