Perhaps the pivot on which the stability of Ikorodu rests was the legal recognition given to the two only ruling Houses – Rademo Royal Family and Lasunwon Royal Family. To date, the two ruling houses have produced eighteen traditional rulers. The first recognised traditional ruler was Lasunwon. At his demise, Rademo took over the reins of power. They were Lugbekan (Lasunwon); Dotelu (Lasunwon); Kaalu (Lasunwon); Oguntade 1 (Rademo); Petu (Rademo); Kuyinu (Rademo); Ireshe (Lasunwon); Idowu Alagbo (Rademo); Orelaja (Rademo); Ogunlaru (Lasunwon); Aina Odubote (Rademo); Odunjumo Araba (Lasunwon); Ajayi Owujebe (Lasunwon); Adenaike Alegbe (Lasunwon); Samuel Oladega (Lasunwon). Royal Highness Oba Salawu Oyefusi was from the Rademo Royal family. The incumbent, traditionally ruler, His Royal Majesty, Oba Kabir Adewale Shotobi is from the Lasunwon Royal family and he is the fourth Ayangburen of Ikorodu.
Late Oba Adenaike Alagbe, the Oloja of Ikorodu was installed Adegorushen on Monday 3rd June 1929 at the age of 75. He was formally crowned the first Ayangburen of Ikorodu.
Oba Alagbe is recognised in Ikorodu history as a transition-ruler. Not only for being the last Oloja and the first Oba to be crowned Ayangburen, he was also instrumental in the movement of the Palace from Awofin in Ajina to Aiyeluja, when the community felt it was high time they build a befitting new Palace for the traditional ruler of the town. A new world was discovered on the other side of the city wall, the present location of the Palace of Ayangburen of Ikorodu.
With this development, Oba Alagbe succeeded in pushing the frontiers of Ikorodu beyond the ancient city walls, to begin the town’s march into a new era.
The last forty years had witnessed a tremendous growth in Ikorodu. The town is now six times its original size, in population and as a secular town. The frontiers of the Local Government now stretches as far as the new Industrial layout to the north at Odogunyan, and to the far reaches of the Ogun River in the East. When fully developed, the Industrial Estates at Odogunyan will be the largest Industrial Estates in black Africa.
The construction of Lagos – Ikorodu road which was completed in 1953, and the coming of Electricity three years later in 1956 opened a floor gate of business activities that laid the foundation for today’s economic development and the subsequent inherent gains.
It is interesting to note that commercial activities that brought Ikorodu to the threshold of history and national prominence was spearheaded by sons and daughters of the town – who as astute traders, had established themselves as first among equals, and relevant in the international business sphere of the time.
The emerging commercial, enterprising spirit produced such business tycoons as late Chief Joseph M. Shonubi popularly known as Owolowo. He was one of the earliest business magnates in Nigeria and recognised as one of the richest Nigerians of his time. Apart from running Ferry services from Ikorodu to Lagos, Chief Shonubi was recognised from far and near, as the most prosperous trader in the Stock-fish and Tobacco trade.