The settlers in this town used to have a saying "Ile Ogbo mi ni mo de yi" (meaning the place where I will live till I am very old), and the name was later shortened to Ileogbo.
Ore tree is as strange as finding a lion in a hole dug in the ground that harbors a rat.
The tree, because of its peculiarity, is a pointer to the seating of Ileogbo, the headquarters of Ayedire Local Government in Osun State.
The tree was located circa 1840 subsequent to a spiritual consultation with oracle by Kuseela, the only surviving Prince of the war between Fulani and Ileogbo in 1822.
After the clash between the troops of Alaafin and the Fulanis in Osogbo in 1840, tranquility returned to the affected Yoruba towns, Ileogbo inclusive.
The development triggered Kuseela, consulted an oracle and was divined that he stops, with his entourage where ever he finds a tree tied with white cloth.
One of the past Iya Abore from Agbo Ile Olukoun nicknamed the tree Alhaja Jarawu.