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
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
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