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.
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