History & Records
Forbes Reveals the Richest King in Nigeria
Forbes have released list of the richest king in Nigeria. The Olugbo of Ugbo Kingdom, HRM Frederick Obateru Akinruntan was named the richest monarch in Nigeria.
Oba Akinruntan beat the likes of the Alaafin of Oyo, the Sultan of Sokoto, the Ooni of Ife and the likes to emerge the wealthiest monarch.
In the list which has the Ooni of Ife and the Alaafin, Oba Akinruntan was rated to have an estimated net worth of $300 million, while Oba Sijuade’s estimated net worth is about $75 million.
Ohanaeze Ndigbo slams Arewa youths for ordering Igbos out of north
The Ooni of Ife has investments in construction, landed properties and oil while Oba Akinruntan is mostly into oil.
Oba Akinruntan is owner of the largest petroleum depot in Africa. He also owns Obat Oil Company which he founded in 1981 alongside a gas station which has grown to over 60 gas stations across the nation.
Apart from Oil business, the Oba is also into real estate, with Hotels in Abuja, buildings both home and abroad.
Follow us on social media:-
News2 days ago
More trouble for Emefiele as EFCC accuses him of printing N684.5m naira notes with N18.9bn
-
News2 days ago
Lady shares dad’s reaction as she uses his head to stretch her wig
-
Lifestyle2 days ago
Namtira: Drama as Lead British School parent slaps alleged bully Maryam
-
Crime2 days ago
One killed and two AK-47 rifles seized as passengers overpowered bandits in Zamfara