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OF ROYALS AND UNROYAL ENTANGLEMENTS

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By Tunde Olusunle

Royalty enjoyed tremendous reverence when my generation was growing up. As a schoolboy in Benin City those days, the *Oba* savoured profound reverence and conjured trepidation amongst his subjects. He was and still is introduced with the prefix *Omo N’Oba N’Edo Uku Akpolokpolo.* Much as this simply means “His Royal Majesty, the Oba of Benin,” it is without doubt, a jarring mouthful. He is regarded as sole emissary of the supreme deity and possibly a god in his own right, most probably consecrated by cosmic consent. *Oba Akenzua II* was on the throne in my teenage days in Benin City. He loomed large in the public consciousness who barely caught a glimpse of him anywhere. The wholesale mythification of his office was such that his name was conjured to serve as warning and deterrent to potential rabble rousers. The now popular phrase, *You go see Oba* was added to day-to-day, now globalised conversational lexicon in my time. It served as deterrent to mischief and errant conduct. The lawless were thus admonished on circumspection, lest they had to go through the labyrinthine motions of seeking justice or redress before a barely ever seen *Oba.*

I equally keenly followed the trajectory of the immediate past *Ooni of Ife, Oba Okunade Sijuwade, Olubuse II.* Immensely affluent, urbane and classy, he brought elan, style and panache to bear on his office. He was famous for his striking regalia, typically complemented by corresponding accessories and adornments. He breathed style and elegance. The very popular *Forbes magazine* indeed once rated *Ooni Olubuse* as the “third richest royal in Africa” in his time. I was privileged to meet him a few times during his lifetime. I was still a student and member of one of our departmental students associations in school when I had the first encounter with him. Despite his impeccable proficiency in the English language, *Oba Sijuwade* elected to speak Yoruba during most of his engagements. This linguistic preference reinforced the belief that he was truly the mouthpiece of the gods and ancestors. There was always, ever a competent interpreter by his side, usually his long-serving Press Secretary, Funmilola Olorunnisola, himself a ranking Chief of Ile-Ife. The *Ooni* conveyed his thoughts and messages through him to his guests and audiences.

Contemporary royals have dominated the news in recent days and weeks. The manifest unseemly conduct of some of them, is totally at variance with their standings and statuses as traditional rulers. Indeed, their actions in many instances have unwittingly whittled down the historical dignity of the exalted stools they occupy, in the catacombs of otherwise revered palaces. Such custodians of tradition have unknowingly transposed their venerated seats, to the full glare of the public, the marketplace. From Ipetumodu to, Ibadan, to Oyo and to Katsina, in Osun, Oyo and Katsina states respectively, presumed royals have shown up in ways and manners which demean and diminish their offices. Such wholesome devaluation is of necessity impacting the very essence of the institution of natural rulership, passed down from ages and aeons.

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The *Apetu of Ipetumodu,* Oba Joseph Oloyede, was arrested by United States security early 2024 for his role in obtaining COVID-19 relief funds estimated at $4.2million, fraudulently. While his subjects anticipated the return of their king from what was supposed to be a routine visit to the US, Oloyede had been answering charges before Justice Christopher Boyko, of the US District Court of Ohio. He reportedly colluded with a certain Edward Oluwasanmi, a Nigerian-American clergyman, with whom he defrauded the US system of resources designated as buffer for US small businesses and nonprofit organisations experiencing pandemic-related revenue losses. Court documents reportedly referenced falsified applications for “Paycheck Protection Programme Loans and Economic Injury Disaster Loans, under the US Coronavirus Air, Relief and Economic Recovery Act” submitted by Oloyede and Oluwasanmi.

Both men deployed fake tax and wage documents to secure funds intended to help struggling businesses keep afloat during the COVID-19 plague. Oloyede received about half of the $4.2million, scammed by him and his compatriot, Oluwasanmi. He reportedly invested his portion of the heist in real estate in the US. Oloyede by the way, was installed the Oba of his community in 2019. His profile as a travelled and affluent person counted amongst other considerations for the 62-year old monarch. His present engagement with the US justice system may yet torchlight other probable underhand financial dealings in the course of his long sojourn in the country in which earned him a residency. This is as his subjects remain in shock and bewilderment over such unsavoury revelations concerning a leader they once exalted.

The *Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, the Ojaja II,* recently had a spat with the *Alaafin of Oyo, Oba Abimbola Owoade.* at an event in Ibadan. Wife of the President, Oluremi Tinubu was guest of the Oyo State Government and both monarchs were invited to the programme. As the *Ooni* made his way to his seat, every traditional ruler on his route honoured him by rising to welcome him. The *Alaafin,* however, refused to rise up, even as he shook hands with the *Ooni* from his seating position. There is a long history about the rivalry for preeminence between the *Alaafin* and the *Ooni.* It was partially resolved when the administration of President Ibrahim Babangida created two states, Oyo and Osun, out of the erstwhile Oyo State. Both rulers were venerated as the *Numero Uno* monarchs in the various states. As the Ibadan incident revealed, however, animosity abounds between the *Ooni* who is 50, and the *Alaafin* who is 49, beyond the historical acrimony. A more recent reason has been adduced for the beef between both royals.

Decades ago, a US-based Nigerian of Yoruba descent, Efuntola Oseijeman Adelabu Adefummi, conceived of a “Yoruba village” to serve as a melting pot for Yorubas in the US. It was supposed to be a “home away from home” where the Yoruba essence will be celebrated. This vision berthed the *Oyotunji African Village* located in Beaufort County, South Carolina, in 1970. Efuntola Adefunmi the visioner was installed *Oba* of the “village.” *Ooni Ojaja* has in the past, been requested by the leadership of *Oyotunji* to mediate during disputes and conflicts plaguing the village and he had always willingly sent emissaries. It has been suggested that *Alaafin Owoade* has been wrongfully briefed that his rulership of Oyo, encompasses *Oyotunji* which in reality is an address for all Yorubas from Nigeria, Benin Republic, Togo, Brazil and so on. This has been adduced as probable reason for the grouse between both men.

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A recent incident where one Chief Lukman Ojora Arounfale, the *Baba Oba of Oyotunji African Village* was allegedly assaulted in the *Alaafin’s* palace on the orders of the king, lends credence to the bile between him and the *Ooni.* The scenario which played out on Thursday April 17, 2025, was linked to the bitterness between the *Alaafin* and the *Ooni.* It fits the narrative that the *Alaafin* in reality conceives of *Oyotunji* as a diaspora extension of his kingdom. Chief Lukman Atounfale, we are told, died from injuries he sustained in the brutal attack on him and his wife, in the *Alaafin’s* abode in Oyo. Such are the dimensions of controversies which have trailed the teething weeks and months of the reign of *Alaafin Owoade* who was only installed in January 2025, by Governor Makinde.

Overzealous palace guards, *dogarai,* working for the Emir of Katsina, Abdulmumini Kabir Usman last weekend, broke the glass entrance into the Katsina home of Dikko Radda, Governor of the state. Radda had given out one of his daughters in marriage earlier that day and was hosting dignitaries including President Bola Tinubu to a reception at his address. State protocol and security regulations prescribe that once the President or guest-in-chief is already seated at a function, late comers are shut out. It was bad enough that Emir Kabir Usman came long after the nation’s chief executive was already settled. It was worse that his *fatawa* dared to bring down a section of the home of the chief host of the President. It was an utterly disrespectful act which underlined the operational manual in effect in the palace of the Emir. Let’s hope the Emir has sent pertinent formal apologies to Tinubu and Radda, principally.

At every opportunity, traditional rulers are known to have canvassed specific roles for themselves in the Constitution of the Federal Republic of Nigeria. This seems plausible given their proximity to the mass of Nigerians especially in the distant hinterlands and deep recesses of our vast national space. Against the backdrop of reported misuse of authority which we recently gleaned in the palace of the *Alaafin,* can our royals be trusted to manage gazetted authority? Two weeks after the assault and subsequent demise of Lukman Ojora Arounfale which was ascribed to *Alaafin Owoade,* we are yet to read a rejoinder. Wouldn’t aides of natural rulers like Dr Kabir Usman of the Katsina emirate, incorporate bulldozers in the vehicular convoy of their Principal as they journey through the emirate? The roofs of the homes of many of the Emir’s subjects who are in the quietude of their sanctuaries, may just be decapitated for not being on the streets paying obeisance to the king?

Our royals must reinvent themselves and re-perspectivise their offices. They are not “Highnesses” and “Majesties” simply for personal ennoblement. Their positions and honorifics bear immense relevance to the history and sociocultural identities of our diverse peoples. The onus is on them to restore relevance and reverence to our traditional institutions in a global sense. It is their responsibility to protect and preserve our cultures from adulteration, abuse and extinction. We should not pass down diminished and dismembered histories, narratives and beliefs, to successor generations.

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*Tunde Olusunle, PhD, Fellow of the Association of Nigerian Authors, (FANA), teaches Creative Writing at the University of Abuja*

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Sterling HoldCo Nearly Doubles Profit as Earnings Surge and Costs Fall

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…as strong income growth, leaner operations, early recapitalisation lift confidence in long-term outlook

By Gloria Ikibah

Sterling Financial Holdings Company Plc has delivered a standout financial performance, recording a 99 per cent jump in profit before tax as rising earnings and tighter cost controls combined to strengthen the Group’s balance sheet.

In its interim, unaudited full-year results for the year ended 31 December 2025, the Group reported profit momentum driven by a sharp expansion in both interest and non-interest income, with gross earnings climbing 46 per cent to N476.5 billion.

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“The Group recorded a 99 per cent year-on-year increase in profit before tax, reflecting strong revenue growth across our core income lines and the benefits of disciplined cost management,” Sterling HoldCo said.

Interest income rose by 43 per cent to N369.6 billion, supported by growth in loans and advances to customers as well as improved yields on investment securities. Non-interest income increased even faster, jumping 57.3 per cent on the back of higher trading income, fees and commissions.

“Growth in both interest and non-interest income underscores the resilience of our diversified business model and our ability to perform in a competitive operating environment,” the Group noted.

Operational efficiency also improved markedly during the period. Sterling HoldCo reduced its cost-to-income ratio to 63 per cent, down from 72 per cent in 2024, reflecting a deliberate focus on managing operating expenses while scaling revenues.

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The Group attributed much of the performance to sustained investment in digital and operational capabilities across its banking and non-banking subsidiaries.

“This improvement in efficiency highlights our commitment to running a leaner, more effective organisation without compromising service delivery,.

“Our continued investment in digital and operational capabilities has enhanced service delivery, improved cost efficiency and strengthened our ability to support growing customer volumes while maintaining sound risk controls,” Sterling HoldCo further stated.

The balance sheet also expanded over the year, with total assets increasing by 11 per cent to N3.92 trillion. Customer deposits rose by 18 per cent to N2.98 trillion, while shareholders’ funds climbed 39 per cent to ₦424.0 billion, reinforcing the Group’s capital base.

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On capital adequacy, the Group said it had moved decisively to get ahead of regulatory requirements.

“Building on the growth in shareholders’ funds, we have strengthened our capital structure by ensuring our banking subsidiaries met the Central Bank of Nigeria’s new recapitalisation requirements well ahead of the March 2026 deadline,” it said.

This was achieved through a series of capital-raising initiatives, including a public offer of more than N88 billion to strengthen Sterling Bank, alongside an earlier capital injection that secured The Alternative Bank’s status as a national non-interest bank.

“With a diversified revenue base, increased capital strength and a clear focus on enhancing digital and operational capabilities, the Group is well positioned for sustainable growth in the years ahead,” Sterling HoldCo added.

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Betrayal is your potion if you support betrayers, so says the gods of the land – Wike

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Federal Capital Territory (FCT), Minister, Nyesom Wike, has come out to deliver what he described as a message from the gods to Nigerian politicians, in particular, current governors serving out their second term in office.

The Minister disclosed on Saturday, in Port Harcourt, while commissioning Rivers State Renewed Hope Ambassadors headquarters, housing Majority FM 89.5, situation room, office facilities, as well as vehicles for the office, that politicians supporting betrayers will reap what they sow, saying betrayal will follow such politicians.

Wike who stated that his successor took some months to betray him, said those supporting betrayers, and are serving out their second term in office as governors and wish to enthrone a successor, the successor will betray them immediately after inauguration.

“Let me tell one thing, today is the 7th of February, whoever is watching, whether you are senator, whether a House of Reps member, or a minister, whether you are a governor and you support betrayers, people will continue to betray you in life.

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“You sit down and support those who betray, betrayal is your portion and the day you will be betrayed, you will not have mouth to say anything, there you will collapse. You will reap the seed that you planted, you will reap it, whatever you sow you will reap it.

“Betrayal will follow you everywhere, I have told you, and don’t take it for granted, watch every governor who is doing his second tenure, who has ambition to put a successor and is supporting a betrayer, you will never survive it, betrayer will follow you, the day your successor comes in, my own took some months, your own will start immediately, this is what the gods of the land have told me to tell you people.”

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Political exclusion was a ticking time bomb in Adamawa, monarch declares

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A first-class traditional ruler in Adamawa State, Dishon Dansanda II, the Kwande Nugura of the Lugunda Kingdom, has declared that decades of political exclusion and discrimination against more than 85 ethnic nationalities in the state could have spiralled into violent unrest.

The monarch said the situation was defused only through the bold intervention of Governor Ahmadu Fintiri, who created seven new chiefdoms and emirates, restoring a sense of justice and belonging to long-marginalised ethnic groups.

The royal father made the remarks while receiving a delegation of the Gongola Peoples’ Forum (GPF) at his palace in Guyuk, during the group’s tour of the local government to inaugurate its interim ward and council officials.

According to him, years of domination by what he described as a clannish political cabal forced suppressed ethnic nationalities to unite in self-defence against exclusion.

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He said the non-violent posture adopted by the groups was both reassuring and progressive, adding that his kingdom openly supports the movement.

“This unity is a relief. It shows maturity and purpose, and that is why we cannot hide our support,” the monarch said.

Although GPF is a socio-cultural organisation, the traditional ruler said its vision and mission, which he described as anchored on justice and equity, have transformed it into a credible movement in a society where, for decades, people were made to believe they only mattered if they surrendered their right to self-determination.

He, however, cautioned the organisation to guard against internal saboteurs, warning that greed could push some members to trade their conscience for what he called transactional politics.

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Earlier, the National Chairman of GPF, Markus Gundiri, said the forum was in Guyuk to build grassroots structures for mobilisation and change.

He said the delegation could not visit the local government without paying homage to the paramount ruler.

Gundiri stressed that while the power for change lies with the people, it must be channelled through a credible, non-partisan platform like the GPF.

He explained that the GPF was deliberately elevated above partisan politics to promote evolving cultural leadership, self-determination, and development strategies defined by the people themselves, rather than imposed alien values.

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Gundiri praised Gov. Fintiri, describing him as a son of the minority who governs with courage, noting that the creation of new chiefdoms and emirates was far from routine.

“In Adamawa, that decision was a war; a fierce one. Only a leader of his calibre could dare it,” he said.

The visit climaxed with the smooth inauguration of the GPF interim officials at the conference hall of the Guyuk Local Government Council.

GPF has previously carried out similar inaugurations in 10 local government areas across Adamawa State.

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