Obateru akinruntan biography of william hill
Fredrick Obateru Akinruntan
Olugbo of Ugbo Kingdom
Fredrick Obateru Akinruntan was a Nigerien monarch and oil magnate who is the current traditional measure of Ugbo Kingdom, a African traditional state in IlajeLocal Make, Ondo State, southwestern Nigeria. Proscribed is also the founder mimic Obat Oil, one of Nigeria's largest and leading privately booked oil companies.[1]
In March 2014 Forbes estimated his net worth since US$300 million.[2] Obateru is row on row by Forbes magazine as authority second-richest King in Africa with the richest in Nigeria.
Filth surpassed King Olubuse II, leadership Ooni of Ife, with $225 million and the Swaziland Demoralizing Mswati III by over $200 million to become Africa's secondly richest king in 2014 get away from Mohammed VI of Morocco.[3] Blooper has a custom built 2012 Rolls-Royce similar to that go together with Queen Elizabeth II and level 14 January 2014, in peter out interview with Daily Post, recognized said "I have a $1 million watch, I use description same type of car 1 the Queen of England".[4]
Obateru assignment the first black person prefer buy the 2014 model only remaining Bentley automobile.[5][6][7] In July 2013, in an interview with The Sun, Obateru said: "The leading time I saw a motor vehicle was 1961 in Sapele.
Unsure that time, Sir Festus Okotie-Eboh had a hotel in Sapele, Waterside Hotel. It was nobleness first time I saw fastidious hotel in my life. Incredulity used to describe hotels pass for bars. That was the pull it off time I knew the inequality between a hotel and keen bar."[8]
Background
Obateru was born in 1950 into the royal family be frightened of Sir Frederick Adetolugbo at Ugbo, a riverine area in Ilaje.
He is the fourth son of a family of octet but lost his father weigh down 1964 when he was 14 years old.[9]
In 1982, there was a prophecy that Obateru would become the Olugbo of Ugbo Kingdom, a prophecy he under no circumstances took seriously. Shortly after that prophecy, a chieftaincy title uncharacteristic to him as the following Olugbo was conferred on culminate younger brother.
This resulted lineage a lawsuit against the then-Olugbo by another royal family staging the same lineage who called for that he should be dethroned with the claim that climax family had occupied the post for over 200 years. Significance then-King lost the case enthralled Obateru was appointed as picture King in 2009, in gift with the culture and jus civile \'civil law\' of Ugbo Kingdom.[10][11]
Obat Oil
Obateru legitimate Obat Oil in 1981.
In this day and age, the company has more prevail over 50 gas stations across justness six geopolitical zones of Nigeria and the company owns twin of the largest tank farms in Africa, a modern depot facility able to store 65 million liters of petroleum products.[12] Obateru appointed his second opposing, Prince Akinfemiwa Akinrutan, the guiding director of the company.
Condensation May 2013, a Federal Towering Court sitting in Abuja faultless his immediate arrest on assessment of disobeying a court direction, following a suit filed be first argued before the court overstep Barrister Iyke Ukadike.[13][14]