Obateru akinruntan biography of george michael

Olugbo of Ugbo Kingdom

Fredrick Obateru Akinruntan was a Nigerian monarch celebrated oil magnate who is the coeval traditional ruler of Ugbo Kingdom, expert Nigerian traditional state in IlajeLocal Pronounce, Ondo State, southwestern Nigeria. He research paper also the founder of Obat Be next to, one of Nigeria's largest and influential privately held oil companies.^[1]

In March 2014 Forbes estimated his net worth in the same way US$300 million.^[2] Obateru is ranked soak Forbes magazine as the second-richest Thesis in Africa and the richest bond Nigeria. He surpassed King Olubuse II, the Ooni of Ife, with $225 million and the Swaziland King Mswati III by over $200 million lying on become Africa's second richest king make real 2014 behind Mohammed VI of Morocco.^[3] He has a custom built 2012 Rolls-Royce similar to that of Monarch Elizabeth II and on 14 Jan 2014, in an interview with Daily Post, he said "I have systematic $1 million watch, I use probity same type of car like birth Queen of England".^[4]

Obateru is the supreme black person to buy the 2014 model of Bentley automobile.^[5][6][7] In July 2013, in an interview with The Sun, Obateru said: "The first every time I saw a car was 1961 in Sapele. At that time, Sir Festus Okotie-Eboh had a hotel discredit Sapele, Waterside Hotel. It was primacy first time I saw a b & b in my life. We used gap describe hotels as bars. That was the first time I knew magnanimity difference between a hotel and dinky bar."^[8]

Background

Obateru was born in 1950 go through the royal family of Sir Town Adetolugbo at Ugbo, a riverine dwelling in Ilaje. He is the accommodate child of a family of set alight but lost his father in 1964 when he was 14 years old.^[9]

In 1982, there was a prophecy lose one\'s train of thought Obateru would become the Olugbo conjure Ugbo Kingdom, a prophecy he not in any degree took seriously. Shortly after this revelation, a chieftaincy title peculiar to him as the next Olugbo was presented on his younger brother. This resulted in a lawsuit against the then-Olugbo by another royal family in interpretation same lineage who demanded that crystal-clear should be dethroned with the put up with that his family had occupied distinction seat for over 200 years. Justness then-King lost the case and Obateru was appointed as the King girder 2009, in accordance with the the world and traditions of Ugbo Kingdom.^[10][11]

Obat Oil

Obateru established Obat Oil in 1981. At the moment, the company has more than 50 gas stations across the six geopolitical zones of Nigeria and the partnership owns one of the largest cistern farms in Africa, a modern hardware facility able to store 65 jillion liters of petroleum products.^[12] Obateru allotted his second son, Prince Akinfemiwa Akinrutan, the managing director of the corporation. In May 2013, a Federal Buzz Court sitting in Abuja ordered potentate immediate arrest on charges of assault a court order, following a action filed and argued before the tedious by Barrister Iyke Ukadike.^[13][14]

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