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Egba Traditional Council suspends Monarch for abuse of #1000 notes

 .... suspended monarch accepts verdict in good faith




The Egba Traditional Council has suspended the Olu of Owode in the Obafemi Owode Local Government Area of Ogun State, Oba Kolawole Sowemimo, for two months for decorating a popular Fuji musician, Wasiu Ayinde Marshal, popularly known as KWAM 1 with new naira notes.

Oba Sowemimo was seen in a viral video which surfaced in early January, decorating Wasiu Ayinde with new notes of N1000 in form of a garland during a social function


.The monarch was suspended for two months on Friday during the Council’s February statutory meeting, presided over by the Alake and paramount ruler of Egbaland, Oba Adedotun Gbadebo.

In a joint resolution, the meeting adopted the monarch’s suspension based on the suggestion of its Ethics Committee, which stated that he (Sowemimo) should not display himself as a traditional king during his suspension.

The Chairman of the Ethics Committee, the Olowu of Owu, Oba Saka Matemilola, while reading the committee’s report, stated that the decision was reached after reviewing the viral video in which Sowemimo violated the ethics of a Yoruba traditional institution by defacing Nigeria’s currency.

The committee chairman, stated that findings showed that the traditional ruler was seen in public carrying a strewn naira as a bead and hanging onto the neck of a singer.

The chairman added that a lot of public condemnation of the act inundated the council with derisive comments on the traditional institution, stressing that the said Oba’s action is in contradiction of Section 21(1) of Central Bank Act, 2007.

Reacting to his suspension, Oba Sowemimo said, “I totally accept the verdict of the council because it is the person that we love that we chastise, so I am good with the decision.”

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