Oba Fredrick Akinrutan Obateru, the esteemed Olugbo of Ugbo Land in Ondo State, stands not only as a symbol of wealth with a jaw-dropping net worth in the billions of dollars and a collection of custom-made, luxurious automobiles that reflect his unprecedented affluence but also as a figure of humility and a deep commitment to humanity. Recognized by Forbes as the richest king in Nigeria and the second wealthiest in Africa, his material success is striking; however, it is his diligent spiritual devotion and fervent prayers to his creator that many believe have propelled him to incredible heights in all his endeavors.
Renowned for his compassionate and gentle disposition, Oba Fredrick maintains an open-door policy, welcoming individuals from all walks of life without prejudice. Those who are fortunate enough to be close to him attest to his unwavering dedication to progress, philanthropy, and excellence, which are hallmarks of his reign. As the chairman of Obat Oil, one of Nigeria’s prominent indigenous oil companies operating in both upstream and downstream sectors, he views his wealth as a divine gift one that must be utilized for the upliftment and betterment of humanity.
As he approaches a significant milestone celebrating 17 years on the throne of his ancestors Oba Fredrick expresses profound gratitude to his creator. He cherishes every moment of his reign, recognizing the opportunity it has afforded him to serve his community across various capacities and foster growth in multiple aspects of life. His journey to the throne was not without challenges; however, his leadership has consistently brought peace, progress, and development to the oil-rich riverine area.
To honor this remarkable 17th coronation anniversary, a grand royal thanksgiving will take place on December 28th at the prestigious Osangangan Obamakin Hall in Ugbo, Ilaje Local Government Area. Sources close to the event reveal that Kabiyesi is sparing no expense in ensuring that the celebration is both memorable and impactful. From gourmet meals to exquisite beverages and meticulous arrangements for guests traveling from afar, every detail reflects his commitment to hosting an extraordinary gathering that befits the significance of the occasion.
