The Ooni of Ife, Oba Enitan Ogunwusi, has threatened to banish any trader, market men, or women who sell food items and other essential commodities beyond the reach of the common people in his domain.
This move by the palace is part of its means of addressing the skyrocketing hike in prices of food and commodities. The traditional ruler banned market associations and unions from fixing prices of food items and other commodities and also coercing members to sell at particular rates.
He warned that anyone caught instigating the hiking of prices of goods risks outright banishment from Ile-Ife. The monarch, while addressing all market associations and unions in the ancient town through his chiefs, announced the cancellation of all market associations, saying that traders are free to sell at their own prices.