Ogun State Government has formally recognised real estate entrepreneur Olumide Atanda Osunsina as the new Olu of Ifo land, following the presentation of his staff of office on Friday, November 13, 2026.
Osunsina, who takes the traditional title of Òsómékùn I, succeeds the late Oba Samuel Atanda Oladipo Ayerowunwi, marking the formal conclusion of the government’s recognition process for his emergence as the community’s traditional ruler.
The presentation of a staff of office signifies the state government’s official recognition of a traditional ruler following the selection process by the kingmakers and the completion of customary requirements.
Osunsina’s emergence brings a businessman with more than three decades of experience in real estate development to the traditional institution. He founded Megamound Investment Limited in 1992, building the company into a property development business associated with projects including Carlton Gate, Lekki County Homes, King’s Court and Greater Lagos County Apartments.
His business background could provide a platform for engaging with issues around property development, investment and infrastructure in Ifo, although the priorities of his new administration are yet to be formally outlined.
Beyond real estate, Osunsina founded the Olumide Osunsina Foundation, which has supported scholarships, technology hubs, vocational training and medical outreach programmes in Ifo land.
The foundation is expected to expand its activities under a more formal public platform during his reign, with further details of its plans expected in the coming months.
Speaking after receiving the staff of office, Osunsina said his recognition represented both the government’s endorsement of his emergence and a responsibility to serve the community.
“A staff of office is not given lightly, and I do not receive it lightly. It is the government’s confirmation of what the kingmakers already know; that I built Megamound from nothing, and I will hold this throne, and everyone around it, to the same standard I have always held myself to. From now on, it’s Ifo first,” he said.
Before ascending the throne, Osunsina held traditional titles including Asiwaju Bobagunwa and Otunba, which the announcement attributed to decades of service to Egbaland.
His reign is expected to place renewed attention on the role of traditional institutions in community development, particularly in areas such as education, skills acquisition, healthcare and economic activity.
However, the extent to which his business experience and philanthropic initiatives translate into measurable development outcomes in Ifo will be a key test of the new administration.
Obidike Okafor is an award winning, seasoned journalist and content consultant. Obidike has left his mark on the global stage, writing for prestigious publications in Nigeria, the UK, South Africa, Kenya, Germany, and Senegal. He also has experience as an editor, research analyst and podcaster.
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