oyinloyefola

Wealth compressed into the convenient form of gold brings one disadvantage. Unless well hidden or protected, it is easily stolen. In early civilizations a temple is considered the safest refuge; it is a solid building, constantly attended, with a sacred character which itself may deter thieves. In Egypt and Mesopotamia gold is deposited in temples for safe-keeping. But it lies idle there, while others in the trading community or in government have desperate need of it. In Babylon at the time of Hammurabi, in the 18th century BC, there are records of loans made by the priests of the temple. The concept of banking has arrived. Banking activities in Greece are more varied and sophisticated than in any previous society. Private entrepreneurs, as well as temples and public bodies, now undertake financial transactions. They take deposits, make loans, change money from one currency to another and test coins for weight and purity. They even engage in book transactions. Moneylenders can be ...

Otun Ekiti is the Headquarter of Moba Local Government Area in Ekiti State. It is located to the North of Ekiti State. It is a nodal town which shares boundary with Kwara State to the North and Osun State to the West. History Of Otun Ekiti Tradition has it that the Oore emerged from the Okun Moba (Moba Sea) in the present coastal area of Lagos with a Calabash containing water in his hand, beads around his neck and a beaded crown on his head. It is also a fact of history that the people of Otun under the leadership of Oore have settled in different places at different times, including Moba near Mushin in Lagos and passing through Ile-Ife before they finally settled at their present location. Some of the places they passed through after Ile-Ife included Akure, Oke Olodun, and Ipole before moving to the present site over 400 years ago. The movement from Ipole (about six kilometers away) to settle at the present site was due to scarcity of water. Water supply was so problematic at Ipole...