
Since his ascension on the throne of his forefathers over a
decade ago, Oba Dr. Fredrick Enitiolorunda Obateru Akinrutan has since been a
blessing to his people. The billionaire business mogul and Chairman of Obat
Petroleum, Febson Groups of Company have always put his people first. Under his
watch, the once sleepy Ugbo town in Ilaje Eseodo Local Government has thrived tremendously
putting the town on the world map. Ugbo regarded as the most peaceful part of
the Niger-Delta is the only South-west domain to have Oil at a commercial quantity.

The first-class monarch and Chairman of Ondo State Council
of Oba’s is a misunderstood person. Most especially, on his account of who
truly own’s Ile-Ife the cradle of Yoruba. The stylish monarch through his findings,
disclosed that; the modern-day Ile-ife was formerly owned by the Ugbo people
before they voluntarily relocated to their current domain in Ilaje Ondo state. The
king further said that; his forefather Osangangan Obamakin son of Oranife
Onileina, was the first Ooni of Ife, making them the host of the legendary Oduduwa
when he came to Ile-ife. Oduduwa was
said to be the father of the Yoruba race according to Yoruba mythology and history.
With his empirical findings and research backed by many history scholars across
Nigeria, many agreed to his account while many faulted him. Despite several criticism,
the king has vowed not to relent until the truth about Ile-ife is revealed to
the world.

The generous moneybag king, who own a custom luxury made
Rolls Royce similar to that of Queen Elizabeth
of England, loves to make statement in anything he does. His fashion
combination is second to none. He spares no cost giving himself that luxury treat
anytime he wishes. From his expensive motorcade to his stylish costly outfits
to his super expensive collection of Richard Mille and Rolex wrist watch and
his collection of finest German and Italian cologne, the King was rated by Forbes
Magazine in 2014 as the Richest King in Nigeria and the second richest in
Africa with a net worth spanning into billions of dollars and a thriving
business conglomerate. At any time, the king is hosting any soiree, invited
guest would be feted to royalty. Lavish supply of expensive premium Moet, Laurent
Perrier and Cristal champagnes to the special local and continental delicacy
and of all, display of the rich Ugbo culture via songs and dance.

On Saturday the 28th of November, the King hosted all sundry
to his lowkey 11th coronation anniversary, held at his palace hall. Due
to the pandemic and demise of Olufon of Ifon, the king opted to have a low-profile
event devoid of too much noise. The high-octane coronation party hosted
captains of industry, royal fathers and political bigwigs. At about 12 noon,
the stylish king decked in his scaly like gold cap, Navy-blue with gold velvet
robe and a cream muffler, with his custom made Rolex wrist watch flanked by his
delectable wife Olori Stella Iyabode Akinrutan and other chiefs, the event officially
started with the National anthem followed by the Ilaje Anthem. With attendance
of the Deputy Governor elect Ondo State; Mr. Lucky Ayedatiwa and Oluwo of Iwo;
Oba Abdulrasheed Adekambi and other dignitaries, the event came alive as attendee
enjoyed every moment.

The king who celebrated his 70th birthday in July
2020, pleaded with his people, promising them that; next edition would be grand
breaking. He also thanked indigenes of Ugbo and other invited guests for honoring
his short notice invitation to celebrate with him.
