News
Oyo monarch decries five-year unpaid salary
The Aresaadu of Iresaadu in the Surulere Local Government Area of Oyo State, Oba Adeyeye Oyerinde, on Sunday, lamented the non-payment of salary and other benefits accorded his office, five years after his appointment.
He also alleged that moves were ongoing to produce another candidate to sit on the throne he currently occupies, a plot he said would cause upheaval in the town.
Oba Oyerinde, who addressed journalists through his counsel, Adekunle Raji, at the Nigeria Union of Journalists Press Centre, Iyaganku, in Ibadan, therefore, appealed to Governor Seyi Makinde to intervene.
He said his appointment was approved by the state government on May 24, 2019, after compliance with due process in the selection process.
The monarch said, “The recent events in Iresaadu in this state have highlighted a disturbing issue that threatens the very fabric of justice and peace in the state.
“Despite the governor’s untiring efforts to uphold the rule of law and fairness in governance, matters of the traditional institution inclusive, it has become evident that certain individuals are working to subvert the noble efforts of the governor.
“HRM Oba Oyerinde’s appointment was approved by the government on May 24, 2019, as the Aresaadu of Iresaadu, after compliance with due process in the selection process.
“However, it has come to light that a senior official’s surreptitious roles have unduly interfered with the necessary recognition being accorded the oba and payment of his entitlements.
“Initially, it was thought that the crisis brewed because of the transition of government from one party to another, but the governor has demonstrated beyond reasonable doubt that partisanship doesn’t influence his decisions on matters of public interest.”
Oba Oyerinde described the non-payment of his salary and other benefits accorded his office as an infringement on his constitutional and human rights.
He said, “We have it on good authority that underground moves are being initiated to set in motion, a process for the Emiolu Ruling House to produce a candidate to occupy the throne of the Aresaadu of Iresaadu.
“The consequence of such action, if allowed to materialise, will only give rise to chaos and upheavals in the community,” he said.
The monarch advised Makinde to read the court rulings, and also seek opinions from legal counsel from the Ministry of Justice on the matter and ensure that he was rightfully recognised and duly compensated.
By Kayode Sanni-Arewa
Prince Funso Ayeni, an Ikole born philanthropist and politician has donated the sum of N1,000,000 for the support of one Esther Fisayo Aluko Medical needs.
Fisayo Aluko, an Indigene of Ikole LGA part of Ekiti State is currently in need of fund running to millions of Naira to carry out a kidney transplant.
Prince Funso Ayeni made his support known via a Whatsapp platform created for the Indigenes of the LG.
“Good afternoon great citizens,
I am Prince Funso Ayeni (PhD)
I am deeply touched by the condition of Esther Fisayo Aluko, a young lady from Ikole Ekiti, battling kidney issue.
On behalf of myself, my family, and the entire Funso Ayeni Foundation (FAF), I have donated ₦1,000,000 (one million naira) towards her medical treatment ( receipt attached).
“I also appeal to our brothers and sisters from Ikole Local Government, both in and out of government, to rally their contacts and resources to support this urgent cause.
“Together, we can give Esther a chance to live a healthy life again.
By Kayode Sanni-Arewa
The naira is exchanging for ₦1,498 to 1 US Dollar at the parallel market (black market) in Nigeria.
This means that for every one dollar, you can get the equivalent in naira of ₦1,498 on February 26, 2025.
The black market rate signifies the value at which individuals can trade their dollars for naira outside the official or regulated exchange channels.
Note that the Black Market Exchange rate is typically higher than the official exchange rate because it is not regulated by the government
Today’s February 26 exchange shows that the naira has improved against the dollar, as it strengthened compared to what it traded on Tuesday, February 25, when the naira exchanged ₦1,499.
The value of any nation’s currency is determined by aggregate supply and demand.
The forces of supply and demand are themselves influenced by a number of factors, including interest rates, inflation, capital flow, and money supply.
The most common method to value currency is through exchange rates. The two main exchange rate systems are fixed rate and floating rate systems.
Investors and participants closely monitor these parallel market rates for a more immediate reflection of currency dynamics
By Kayode Sanni-Arewa
The Chairman of FBN Holdings, Femi Otedola, has hosted music icons Burna Boy and Wizkid at his Lagos residence.
Otedola disclosed this in a post on his X handle on Wednesday.
Sharing a photo from the gathering, Otedola described the meeting as a privilege, expressing admiration for the impact of Afrobeats on the global stage.
He wrote, “A true privilege to host some of our biggest music icons @wizkidayo @burnaboy at my Lagos home. Always inspiring to share ideas and celebrate the global movement that is Afrobeats …F.Ote”.
Reacting to the post, Netizens applauded the gathering, describing it as a gathering of talent and vision
An X user, Ken Giami, who tweets as #ken_giami, “An incredible gathering of talent and vision! Afrobeats continues to shape global culture, and it’s always inspiring to see icons like #wizkidayo and #burnaboy leading the movement. Here’s to more growth and global impact!
Funso Ayeni donates N1m, appeals to citizens to support Fisayo Aluko medical needs
Naira again falls against Dollar – February 26
Billionaire Otedola Hosts Burna Boy, Wizkid, At Lagos Residence (Photos)
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