Toggle sidebar

Wikipedia The Free Encyclopedia

Create account

Personal tools

Olugbo of Ugbo Kingdom

Article
Talk

Read
Edit
View history

From Wikipedia, the free encyclopedia

The Olugbo of Ugbo Kingdom is a Paramount Yoruba king of Ugbo Kingdom, in Ilaje
local government area of Ondo State, southwestern Nigeria. The King is generally
called "Olugbo" or "Oghone". An heir to the throne from the royal families is often
appointed by the council of chiefs and the King-makers following an Ifa
consultations.[1][2]
Ruling families

Ugbo Kingdom is ruled by heir appointed from the ruling families and the current
Olugbo of Ugbo Kingdom is Oba Fredrick Obateru Akinruntan, a Nigerian billionaire,
Oil magnate and founder of Obat Oil, one of Nigeria's largest and leading Oil
Privately held company.[3] Ascension to the Olugbo throne is rotational between the
Agbedun/Ojogo and Oyetayo/Atarioye sections of Ojadele ruling house.[4]

Obateru was installed in 2009, after Oba Banjo Mafimisebi was dethroned following a
suit by another royal family who nominated and endorsed Obateru as their candidate.
[5] The incumbent Olugbo of Ugbo Kingdom is ranked by Forbes magazine as the 2nd
richest King in Africa and the richest in Nigeria. He surpassed King Olubuse II,
the Ooni of Ife with $225 million and the Swaziland billionaire, King Mswati III by
over $200 million to become the second-richest African king in 2014.[3][better
source needed]
References

"My wife considered me an unserious suitor � Akinruntan". Archived from the

original on 2015-06-09. Retrieved 2015-06-09.
"Articles � Connect Nigeria". Connect Nigeria. 2021-11-21. Retrieved 2021-12-19.
Nsehe, Mfonobong. "The 5 Richest Kings In Africa". Forbes.
Judgment of the Supreme Court of Nigeria in S.C. 160/1995, delivered on 12th day of
January, 2007 between Oba Banjo Mafimisebi & Anor. V. Prince Macaulay Ehuwa & Ors.

"OBA FREDERICK OBATERU AKINRUNTAN:A whiteman named me Obateru". The Sun News.
Retrieved June 8, 2015.[permanent dead link]

Categories:

Yoruba royal titles

This page was last edited on 21 August 2022, at 08:59 (UTC).