THE IWOFA SYSTEM IN YORUBALAND AND THE LAWS THAT WAS REGULATING IT
- This electronic book is about the Iwofa system in Yorubaland and the laws that was regulating it.
- The term Iwofa has no equivalent in English. It denotes one who serves another periodically in lieu of the interest on money lent. In short, it is one in service for interest.
- Iwofas are held quite distinct from slaves; the verbs applied to each system mark the distinction e.g. “ra” to buy is applied to a slave, “ya” to lend or engage (a hand) to an Iwofa; consequently, you can buy a slave, but engage him/her as a serviceman/servicewoman.
- The derivation of the term is from “Iwo” the entering into, and “Efa” a period of six days; hence an Iwefa is one who enters into a recurrent sixth-day service.