The Egba traditional Council in Ogun State has suspended a monarch, Olu Owode-Egba, Oba Kolawole Sowemimo.
Oba Sowemimo was suspended for abusing the Naira at a public function.
The decision was made public after the Statutory meeting of the council for the month of February.
It was gathered that the meeting was chaired by the Alake and Paramount ruler of Egbaland, Oba Adedotun Gbadebo.
According to Oba Gbadebo, the sanctions were adopted by the council following the recommendations of the Ethical Committee, stipulating a ban on the monarch from being invited and seen at any Government or public functions, while his salary would also be suspended for 2 months.
Chairman of the three -member ethical committee of the council, the Olowu of Owu Abeokuta, Professor Saka Matemilola had earlier explained that the action of the suspended Oba Sowemimo was a breach of the Central Bank of Nigeria, CBN act and also the Yoruba traditional Institution.
In his apology, the Olu of Owode-Egba, Oba Kolawole Sowemimo regretted the action and promised to henceforth uphold and sustain the ethics of the Yoruba traditional Institution with emphasis on not disabusing the Naira again.
The Monarch who was seen in a viral video decorating the popular musician, Alhaji Wasiu Ayinde with knitted 1000 naira notes at a party had earlier been cautioned by the National Orientation Agency, NOA in the State.
