{"id":4295,"date":"2016-02-18T09:11:23","date_gmt":"2016-02-18T08:11:23","guid":{"rendered":"http:\/\/www.faithirabor.com\/?p=4295"},"modified":"2016-02-18T09:11:23","modified_gmt":"2016-02-18T08:11:23","slug":"breaking-obat-oil-boss-obateru-akinruntan-allegedly-arrested-for-money-laundering","status":"publish","type":"post","link":"https:\/\/www.faithirabor.com\/?p=4295","title":{"rendered":"Breaking: OBAT Oil Boss Obateru Akinruntan Allegedly Arrested For Money Laundering"},"content":{"rendered":"

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Agents of the Economic and Financial Crimes Commission (EFCC) late last week interrogated Fredrick Obateru Akinruntan, a flamboyant Nigerian monarch from Ondo State.<\/div>\n
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\u00a0An EFCC source told SaharaReporters that Mr. Akinruntan, who holds the traditional title of Olugbo\u00a0Of 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.\u00a0<\/div>\n
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Mr. Akinruntan, who is the traditional ruler of Ugboland, is also known as \u201cObat.\u201d He is the chairman of Obat Oil Limited, a company that had been cited numerous times in fuel subsidy scams the past.<\/span><\/div>\n
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.<\/span><\/div>\n
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Asked if the traditional ruler was likely to face prosecution, our source stated that EFCC agents \u201chave made a lot of progress in putting together a case that warrants charging him [Oba Akinruntan] to court.\u201d But the source added that it was too early to disclose when the traditional ruler might face prosecution.<\/span><\/div>\n<\/div>\n

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\u00a0 \u00a0 Agents of the Economic and Financial Crimes Commission (EFCC) late last week interrogated Fredrick Obateru Akinruntan, a flamboyant Nigerian monarch from Ondo State. \u00a0 \u00a0 \u00a0 \u00a0An EFCC source told SaharaReporters that Mr. […]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":4296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"ngg_post_thumbnail":0,"footnotes":""},"categories":[2,34,8],"tags":[183,838,837,839],"class_list":["post-4295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-pictures-gallery","category-whats-hot-on-social-media","tag-efcc","tag-oba-fredrick-obateru-akinruntan","tag-obat-oil","tag-ondo-monarch"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t