Operatives of the Economic and Financial Crimes Commission, EFCC, towards the end of last week interrogated a flamboyant monarch from Ondo State, Fredrick Obateru Akinruntan in connection with his suspected involvement in money laundering.
An EFCC source, who disclosed this to SaharaReporters, stated that investigations into the activities of Akinruntan, who holds the traditional title of Olugbo of Ugbo, were too early to determine the amount of money involved in the alleged crime.
The traditional ruler of Ugboland, also known as “Obat”, is the chairman of Obat Oil Limited, a company that had been cited numerous times in fuel subsidy scams the past.
It was gathered that EFCC agents first interrogated Oba Akinruntan last Friday and 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.
The online news medium gathered that it was too early to disclose when the traditional ruler might face prosecution but that EFCC agents “have made a lot of progress in putting together a case that warrants charging him [Oba Akinruntan] to court.”