Also see "Colobi".
1. To take charge or control of a place or a situation.
2. To successfully convince someone to accept you or your ideas over other people or other competitors/competitions.
3. To overthow or dethrone.
Example:
1. As we enta de club, na so we jus kolobi every wia.
2. De geh bin dey feel me, na so I jus kolobi am o.
3. Our president bin dey fuck up, na so souljas jus com kolobi him government o.