Alaperu, who founded this town, was a grandchild of Awujale Ofiran.  However, historical records show that the Elepe argued, at some point, that it was him that founded Iperu.  There is scanty information regarding previous Alaperus.  In 1915, Alaperu Owokalade was crowned and it was him that Awujale Folagbade gave the “Apete” in 1926.  Later, Soyebo became Alaperu until 1939 when he was deceased.  After him, Abraham Okupe was installed as “omowe, borokinni olowo soke dile” in 1940.