Agents of the Economic and Financial Crimes Commission (EFCC) late last week interrogated Fredrick Obateru Akinruntan, a flamboyant Nigerian monarch from Ondo State. An EFCC source told SaharaReporters that Mr. Akinruntan, who holds the traditional title of Olugbo Of Ugbo, was grilled in connection with his suspected involvement in money laundering. The source said the investigations were too early to determine the amount of money involved in the alleged crime.

Mr. Akinruntan, who is the traditional ruler of Ugboland, is also known as “Obat.” He is the chairman of Obat Oil Limited, a company that had been cited numerous times in fuel subsidy scams the past.

Our source disclosed that EFCC agents first interrogated Oba Akinruntan last Friday. He added that the monarch was asked to return to the agency on Monday where he faced further questioning from investigators looking into his possible role in significant money laundering and other financial crimes.

Asked if the traditional ruler was likely to face prosecution, our source stated that EFCC agents “have made a lot of progress in putting together a case that warrants charging him [Oba Akinruntan] to court.” But the source added that it was too early to disclose when the traditional ruler might face prosecution.

http://saharareporters.com/2016/02/17/nigerian-traditional-ruler-fredrick-obateru-akinruntan-arrested-money-laundering

This man is very controversial!

If he is found guilty by the courts, the needful be done

I want to see the first monarch in the prison

I trust Yoruba people. They will condemn the acts of this corrupt Oba and not support him just because he is our son or king

Unlike my IPOB people that will start shouting victimisation and witch hunting as soon as one of their corrupt leaders are arrested

May God help IPOB

D richest king in AFRICA......worth 300million dolls

In this regime, you do anyhow and see anyhow.

Justice is all I ask for, nothing else

No be [b][/b] gbemi papa be dis?

Your Highness..don't fight it. Even Ooni can't save u from dis one.

Kirikiri will become a perfect example of Unity in Diversity.
Wen u get dia, say me well to Dasuki and Kanu. U guys should form a sovereign conference dia

Yhy

Make I hurry go Mama Ekrejebor canteen before her porridge beans and boli go finish!

why den no go quiz emir of kano?

kirchofff:
D richest king in AFRICA......worth 300million dolls

He is not. The King of Morocco has enough money to buy him, his family, his throne and his kingdom and still have enough to buy the Ooni of Ife and his kingdom.

All these local champions called Kings.

-Lord

T

Oba for cell?

kirchofff:
D richest king in AFRICA......worth 300million dolls

Who determined that?

LordAdam:

k

no talk am agian o. For where Egypt king dey

Shey oba sef dey do money laundry?

kirchofff:
D richest king in AFRICA......worth 300million dolls

Sauce....

Hmmmmmm look at crimals


"DON'T Quote ME BOYS CUZ I ATN'T SAY SH*T"

End time Ruler!!!

Hmmm, people never wise for this delicate world.

LordAdam:


He is not. The King of Morocco has enough money to buy him, his family, his throne and his kingdom and still have enough to buy the Ooni of Ife and his kingdom.

All these local champions called Kings.

-Lord

Igbo man and lies

Why didnt u name Obi of Onitsha as the richest in the world

I guess you have direct access to their accounts?

Nigerian richest monarch in EFCC net.

LordAdam:


He is not. The King of Morocco has enough money to buy him, his family, his throne and his kingdom and still have enough to buy the Ooni of Ife and his kingdom.

All these local champions called Kings.

-Lord

What abt king Umthiti, that Swazi-Niqqa? Lol..... Heard he is stinkingly rich

NovusHomo:

Who determined that?

Google "the richest king in africa"

Ebukaobi:


Igbo man and lies

Why didnt u name Obi of Onitsha as the richest in the world

I guess you have direct access to their accounts?

How can Obi of Onitsha be the richest in the world, ehh? He cn't even be the richest in the SS/SE yu are here talking of naija, dn't bring tribal sentiment into this plz..

LordAdam:


He is not. The King of Morocco has enough money to buy him, his family, his throne and his kingdom and still have enough to buy the Ooni of Ife and his kingdom.

All these local champions called Kings.

-Lord

dat 1 is just like a prime minister, I mean in a county dat has a president, minus d prince of Morocco he's d richest in africa

when you look at the man from a distance, he looks like IBB and when you look at him closely you see him looking like Abacha. whichever way you look at him, he looks like a criminal. vomit our yam or we invoke amadioha, sango and their neighboring counterparts in Benin republic, Garbon plus their elders in India to strike you.