The Economic and Financial Crimes Commission (EFCC) last week invited and grilled a prominent traditional ruler from Ondo State, the Olugbo of Ugbo, Oba Fredrick Obateru Akinruntan.
The wealthy traditional ruler, who is also Chairman of Obat Oil Limited, was questioned over allegations of money laundering, Sahara Reporters reports, quoting a top source in the EFCC.
According to the source, the traditional ruler who is popularly known as “Obat” was questioned for hours on Friday and asked to return to the agency on Monday for further questioning.
EFCC investigators were looking to find out a possible role the monarch may have played in alleged money laundering and other financial crimes, the source said.
The exact amount involved in the alleged money laundering has not been determined, the source added.
It could however not been ascertained if the agency will proceed with the prosecution of the monarch, but the source states that the EFCC agents “have made a lot of progress in putting together a case that warrants charging him (the monarch) to court”.
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