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For the first time, Oluwo attends Obas’ council meeting in Ooni’s palace
The Oluwo of Iwo, Oba Adewale Akanbi, attended a meeting of the Osun State Traditional Rulers Council Meeting at the palace of the Ooni of Ife, Oba Adeyeye Ogunwusi.
Oluwo has never attended the meeting since he ascended the throne almost the same time as the Ooni in 2015.
It was gathered that some Obas had, during the last meeting held on July 4, 2017, raised the issue of the Oluwo and they resolved to go to Iwo to prevail on him to attend this meeting.
The Olojuo of Ido Osun, Oba Aderemi Adedapo, who is the secretary to the Council of Obas and about 40 other traditional rulers were in attendance.
The Ooni of Ife, who arrived at the venue of the meeting last, went round and greeted all the traditional rulers one after the other. All the traditional rulers stood up to acknowledge his greetings.
The Ooni, who presided over the meeting, prayed for the monarchs and the towns each of them presides over.
Oba Ogunwusi said, “It has been long since we held this meeting. The meeting is usually held on a monthly basis. This is not the time to point accusing finger at anybody.
“The Timi (of Ede) came to me and told me that he would not be here because he was traveling out and that he had scheduled the trip before the meeting was called. So also is the Orangun of Ila.
“I greet the Oluwo specially. Like I always say, all of you left here. I am the caretaker here. Unity and the development of our state is very important.
“Some traditional rulers have departed the world since our last meeting. The Olubosin of Ifetedo, Salu Edun Abon and Olulamokun of Yakoyo.
“We should portray ourselves the way we should. We should carry ourselves with dignity and royalty. We should unite and stand as one. Our meeting is about how to bring about development to our state and the nation.
“I greet the Oluwo special, especially being his first time of coming here. Nobody is asking you not to come here. This is your house.”
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Former Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, has extended warm felicitations to Barrister Sarafadeen Ali, the Senator representing Oyo South Senatorial district, on the occasion of his 61st birthday.
In a statement released on Saturday in Ibadan, the Oyo state capital, on Saturday, Akande lauded the lawmaker, describing him as a luminary whose life has been marked by distinguished service to the nation.
“Today, I join the world in celebrating you on your special day, as you mark 61 years of God’s abundant love and glorious impact on humanity,” the former NCC gaffer expressed.
He added, “I wish you many more years of God’s grace in your life.”
The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.
The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.
Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.
He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.
“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.
Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.
While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.
Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.
He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”
Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.
He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”
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