Iledi osugbo Abalaiye is a pre-colonial period pagan ritual site along Ajina Square in Ikorodu. It was built in 1810 by joint community effort. It is a traditional Yoruba compound in Ikorodu. The building is used for the traditional rights and installation ceremony of the Obas and Chiefs; it is also used as the residence for the caretaker.
Iledi Asugbo abalaiye was built of mud and plastered on the outside and inside. There are many rooms inside the building. These rooms open to a courtyard with an impluvium and the outside doors are carved in the Yoruba style. The front verandah is used for many purposes. The building was renovated between 1948 and 1949.