Nigeria, Feb. 17 -- The Olu of Owode in Obafemi/Owode Local Government of Ogun State, Oba Kolawole Sowemimo, has been suspended by the Egba Traditional Council headed by the Alake of Egbaland over an alleged abuse of the naira notes.

According to reports, Oba Sowemimo, in a viral video, had allegedly abused the naira while spraying popular Fuji musician Wasiu Ayinde, popularly known as KWAM 1, at a party, where the monarch knitted N1,000 notes together forming a long rope which he wrapped round the neck of KWAM 1.

Last Month, the National Orientation Agency (NOA) wrote a letter to the embattled monarch, saying his actions could earn him imprisonment.

The Naira continues to struggle, closing week at N1,537 at the official marketOn Frida...