Agents of the Economic and Financial Crimes Commission (EFCC) has reportedly grilled a flamboyant Nigerian monarch from Ondo State in connection with his suspected involvement in money laundering.
Fredrick Obateru Akinruntan
According to an exclusive report on SaharaReporters, the Economic and Financial Crimes Commission (EFCC), late last week, arrested and interrogated a flamboyant Yoruba monarch from Ondo State, Fredrick Obateru Akinruntan.
An EFCC source who disclosed to the publication that Akinruntan who holds the traditional title of 'Olugbo Of Ugbo', was grilled in connection with his suspected involvement in money laundering, adding that the investigations were too early to determine the amount of money involved in the alleged crime.
The suspect 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 in the past.
A source disclosed that EFCC agents first interrogated Oba Akinruntan last Friday, adding 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, the source stated that EFCC agents "have made a lot of progress in putting together a case that warrants charging him [Oba Akinruntan] to court."
The source added that it was too early to disclose when the traditional ruler might face prosecution.
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