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EFCC Arrests Ondo King for Money Laundering

Farouk Mohammed
By Farouk Mohammed
Published: February 18, 2016
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Obateru

The EFCC has brought in Oba Fredrick Obateru Akinruntan, for questioning, Sahara Reporters say.

The Ondo monarch was being questioned in connection with his alleged involvement in money laundering.
Reports said that the monarch, who is the traditional ruler of Ugboland and also the chairman of Obat Oil Limited was grilled by EFCC operatives last Friday, February 12.

The King was asked to return to the commission on Monday where he will undergo another rounds of questionings from investigators with intention to look at his possible involvement in money laundering and other financial crimes offences.

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Speaking of the possibility of arraigning the monarch, an official said that EFCC operatives “have made a lot of progress in putting together a case that warrants charging him [Oba Akinruntan] to court.”

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TAGGED:EFCCOba Fredrick Obateru Akinruntan
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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
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