On the 3rd of July, 1888, a treaty was signed by the then Alaafin of Oyo, Oba(king) Adeyemi 1 and the Queen of Britain and Ireland.
The treaty was to enhance a cordial relationship between the Yoruba speaking towns and villages (headed by the Alaafin) and the Queen of Britain.
The content of the treaty signed is as follows;
- Henceforth, peace and friendship should reign between the subject of the Queen and the people under her protection and the Alaafin and those whom he has authority and influence on.
- The people of the Queen may trade freely without any act of hatredness with the people of Oyo and the Yoruba speaking towns in anywhere they wish to buy and/or sell goods in Yoruba land.
- British subjects and those under the protection of the Queen are to be firstly considered in all trade transactions.
- No taxes shall be imposed on the people or properties or any person under the control and influence of her majesty.
National Archives, Ibadan