PHOTOS: Check Out The Richest King In Nigeria

Date: 26-07-2015 9:57 pm (5 years ago) | Author: Mister Jay Wonder
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- at 26-07-2015 09:57 PM (5 years ago)
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The Olugbo of Ugbo Kingdom, HRM Frederick Obateru Akinruntan has emerged as the richest king in Nigeria according to Forbes rating.
 
Oba Akinruntan beat the Ooni of Ife, Oba Okunade Sijuade to emerge the wealthiest monarch in Nigeria.
According to Forbes magazine, Oba Akinruntan and Oba Sijuade were mentioned as one of the 5 wealthiest monarchs in Africa.

Forbes magazine recently listed them on their list of 5 wealthiest monarchs in Africa. Oba Akinruntan is rated to have an estimated net worth of $300 million while that of Oba Sijuade is place at not less than $75 million.

The Ooni of Ife has business interest in construction, property and oil while Oba Akinruntan is mainly into oil.
Oba Akinruntan is the founder of Obat Oil and he is said to own the largest petroleum depot ‎in Africa.

Oba Akinruntan started Obat Oil Company in Okitipupa, Ondo State in 1981 with a gas station which was to meet the needs of his immediate family and neighboring communities.

OBAT Oil has now grown to more than 50 gas stations across Nigeria.
His company also has one of the largest tank farms in Africa- a modern storage facility that has the capacity to store 65 million liters of petroleum products.
Aside the oil and gas business, Oba Akinruntan is also into real estate as he has choice buildings in London and across Nigeria including the landmark Febson Hotels and Mall in the Central Business District of Abuja

Oba Obateru Akinrutan became the Olugbo of Ugbo land, a small oil-rich community in Ondo state in 2009 and that was a prophecy comes true.
Beside his eye popping immense wealth, the respected traditional ruler is a man of cla$$, taste and style. He oozes sheer sophistication as he possesses arrays of luxury cars in his sprawling and magnificent palace.

He made history in 2012 when he emerged as the first black person to buy the 2014 model of Bentley which was made solely for Queen Elizabeth of England in the belief that other people would wait till 2014 to ride it. But Oba Akinruntan shocked all by buying the same version in 2012.

Oba Akinruntan also has a custom built 2012 Rolls Royce similar to that of Queen Elizabeth II.
And just as he has dazzled all on land, he is also dazzling people on water and this cannot be far-fetched. He was born and bred in a riverine area before he become a king of a riverine area where long before now there was no motorable road. They travelled by water thus his love for travelling on water.

Oba Akiruntan is alleged to control some of the most expensive yachts in the country.

He sits atop a business conglomerate with interests in petroleum, shipping, construction, fishery, tourism and hospitality, consultancy services and water purification and production.


Since his emergence as the king of Ugbo Kingdom, Oba Akiruntan’s eldest son, Prince Akinfemiwa Akinrutan, has been the managing director of the company while the king a$$umed post of the Chairman of the oil company.


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Posted: at 26-07-2015 09:57 PM (5 years ago) | Addicted Hero
- beneno at 26-07-2015 10:07 PM (5 years ago)
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$300 million,what is their source of income? EFCC where una dey ?
Posted: at 26-07-2015 10:07 PM (5 years ago) | Addicted Hero
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- ignis99 at 26-07-2015 10:08 PM (5 years ago)
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OK seen
Posted: at 26-07-2015 10:08 PM (5 years ago) | Gistmaniac
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- moralemike07 at 26-07-2015 10:19 PM (5 years ago)
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Life goes on.
Posted: at 26-07-2015 10:19 PM (5 years ago) | Gistmaniac
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- freethinker at 26-07-2015 10:23 PM (5 years ago)
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''THE WORLD WERE SHOCKED AS THEY WATCH PRESIDENT BUHARI UNFOLD TO THE WORLD HIS DECISION TO ADMINISTER THE COUNTRY ON BASIS OF THE VOTING PATTERN IN THE LAST GENERAL ELECTIONS RATHER THAN ON EQUITY AS STIPULATED BY CONSTITUTION AND HIS OATHS OF OFFICE AS THE PRESIDENT OF NIGERIA''
Posted: at 26-07-2015 10:23 PM (5 years ago) | Gistmaniac
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- OOSSYY at 26-07-2015 10:36 PM (5 years ago)
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Quote from: freethinker on 26-07-2015 10:23 PM
''THE WORLD WERE SHOCKED AS THEY WATCH PRESIDENT BUHARI UNFOLD TO THE WORLD HIS DECISION TO ADMINISTER THE COUNTRY ON BASIS OF THE VOTING PATTERN IN THE LAST GENERAL ELECTIONS RATHER THAN ON EQUITY AS STIPULATED BY CONSTITUTION AND HIS OATHS OF OFFICE AS THE PRESIDENT OF NIGERIA''
BUHARI IS A COWARD, AND HE IS ALWAYS ABSENT MINDING
Posted: at 26-07-2015 10:36 PM (5 years ago) | Gistmaniac
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- Activated at 27-07-2015 12:39 AM (5 years ago)
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Quote from: beneno on 26-07-2015 10:07 PM
$300 million,what is their source of income? EFCC where una dey ?

Omo, you wan kill me.  Grin Grin Grin Grin Grin
Posted: at 27-07-2015 12:39 AM (5 years ago) | Upcoming
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- dollar22 at 27-07-2015 02:43 AM (5 years ago)
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Where is Eze Isaac Ikonne of ABA Kingdom   Huh? Huh? Huh? Huh? Huh? Huh? Huh?
Posted: at 27-07-2015 02:43 AM (5 years ago) | Gistmaniac
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- papadip at 27-07-2015 04:04 AM (5 years ago)
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He must be into some kind of shady business
Posted: at 27-07-2015 04:04 AM (5 years ago) | Gistmaniac
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- jossy4reall at 27-07-2015 05:53 AM (5 years ago)
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Forbes magazine recently listed them on their list of 5 wealthiest monarchs in Africa......Dis forbes sef....anywayz I no fit shout

Posted: at 27-07-2015 05:53 AM (5 years ago) | Hero
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- factfinding at 27-07-2015 07:38 AM (5 years ago)
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$300 million,what is their source of income? EFCC where una dey ?
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Maybe you can't read and understand the message before commenting, his the owner of ( OBAT OIL)  and as such he made his billions from his company.
Posted: at 27-07-2015 07:38 AM (5 years ago) | Gistmaniac
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- winace at 27-07-2015 07:46 AM (5 years ago)
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Waoh dats nice. At least he was working b4 he became Oba. No be dat highway robber police turn oba of lagos state.
Posted: at 27-07-2015 07:46 AM (5 years ago) | Addicted Hero
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- mickeytoy at 27-07-2015 07:48 AM (5 years ago)
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leave efcc out of this.... the guy made his money before becoming the king and why r you not calling efcc on folorunsho alakija...
@ benono, learn to think outside the box..... fool
Posted: at 27-07-2015 07:48 AM (5 years ago) | Newbie
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- tmaxdon at 27-07-2015 08:25 AM (5 years ago)
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He owns Obat oil and Petroleum Nig. LTD
Posted: at 27-07-2015 08:25 AM (5 years ago) | Upcoming
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- beholdsunshine at 27-07-2015 09:05 AM (5 years ago)
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He leads and others follow then.
Posted: at 27-07-2015 09:05 AM (5 years ago) | Newbie
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- edpete at 27-07-2015 10:02 AM (5 years ago)
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Another Subsidy thief
Posted: at 27-07-2015 10:02 AM (5 years ago) | Gistmaniac
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- dis4real at 27-07-2015 10:48 AM (5 years ago)
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Ok Ooooooooooo
Posted: at 27-07-2015 10:48 AM (5 years ago) | Upcoming
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- ngfineface at 27-07-2015 11:02 AM (5 years ago)
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At least, he is a more humble and respectable person than the Oba of Lagos whose interest is in chasing non indigenes away
Posted: at 27-07-2015 11:02 AM (5 years ago) | Hero
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- Solidstonez at 27-07-2015 04:12 PM (5 years ago)
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Nawaho

Posted: at 27-07-2015 04:12 PM (5 years ago) | Addicted Hero
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- zauber at 27-07-2015 04:24 PM (5 years ago)
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zoo. and People die of hunger everyday all around their kigdom. baboons.
Posted: at 27-07-2015 04:24 PM (5 years ago) | Upcoming
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