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Yoruba is A Very Difficult Race, Affected By Ego – Oba Fredrick Akinruntan

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Oba Dr. Fredrick Obateru Akinruntan is the traditional ruler of Ugbo Kingdom, an ancient riverine town in Ilaje Local Government, Ondo State, southwestern Nigeria.

Rated by a financial magazine, Forbes, as the richest monarch in Nigeria and second richest on the African soil. With a net-worth and conglomerate spanning into billions of dollars, Olugbo has his hands litters across many pies of business littered across the world with choice properties at highbrow areas across the world.

Oba Akinruntan is currently the Chairman of the Ondo State Council of Obas, the Chairman of Yoruba Obas Conflicts Resolution Council. He also shoulders an academic title as the Chancellor, Olusegun Agagu University of Science & Technology, Okitipupa, Ondo State.

The reputable philanthropist blessed with a large heart of Gold is also a recipient of National Honours, Commander of the Order of Niger (CON).
In this interview, the Okoro Ajiga 1, Paramount Ruler, and Prescribed Authority of Ugboland, revealed some mind-blowing information affecting the Yoruba race. He addressed other salient issues by setting the records straight, correcting distorted history connecting Ile-Ife and Ugbo…

Enjoy…

What’s the position of Ugbo in Yoruba connectivity?

Oba Akinruntan: The position of Ugbo in Yoruba connectivity still remains what it is. It is a historical fact that cannot be affected by the passage of time or circumstances. Nobody can change it! I am the first, the oldest throne in Yoruba Land. The position of Ugbo in Yoruba history cannot be contradicted by anybody. Nobody can say no to that sacrosanct position of Ugbo in Yoruba oral or written history because it is there for all to see. A lot of people are grumbling and murmuring; I see them as cowards. They are very cowardly and are not even coherent in their stuttering cowardly counterclaims that to all intent and purpose stand logic on its head because my father, Oranfe is the progenitor of Yoruba Land. Oranfe, a half man , half spirit being is the father of Obamakin who is my ancestral father and whose dynasty founded Ile Ife and he reigned as the aboriginal Paramount ruler of Ile Ife. Ife was known at that time as Ugbomokun; So I am claiming it as the owner of Ile Ife and that claim I lay claim to is not just narratively pure but historically correct! I am still claiming it up till tomorrow.

Who exactly is Obamakin Osangan gan?

Oba Akinruntan: Osangangan Obamakin is the son of Oranfe. They are the owner of Ile-Ife. His father , Oranfe is the owner of Ife; Obamakin is the owner of Ife, thus, myself, I am the owner of Ife. We are still claiming it up till tomorrow! That’s the fact! Let me tell you one thing: in Ife today, if they want to get anything from god, they will say, ” haa baba mi Oranfe, Iwo loni Ile Ife, Joo je ki ohun ti mo n wa temi lowo…( My father Oranfe, you are our progenitor; let our heart desires be granted!) That’s how they pray up till today. They won’t mention the name of any particular Oba, but they always remember the name of their forefather , Oranfe. That’s it!

In your book ” A history of the oldest throne in Yoruba Land” which you published in 2016, you talked about pre dynastic struggles that existed in the time line of Yoruba history. Can you shed more light on that?

Oba Akinruntan: Now in Ife, we are the owners of that place . We have 16 communities in Ile Ife. A lot of scholars testified to the existence of these sixteen communities and acknowledged them in their scholarly work. A Professor of the Obafemi Awolowo University, Ile Ife, Prof. Wande Abimbola acknowledged it that the Olugbo and his ancestors are the owners of Ife. He also said before we left Ife, nobody asked us to leave. We left on our own volition. He noted that Olugbo left Ife to his new place on his own free will. Part of the evidence we have to show the whole world is the fact that we are the husband of Moremi Ajasoro. She is our wife. You can see that we have it here to show the whole world. You see, the fact is there, nobody can contradict it. Look at my book since 2016, nobody has been able to fault or contradict it till date. So , what are we saying? Historical fact speaks for themselves. Not only that book, OAU, Ile Ife acknowledged this fact too in their ‘Odu: a journal of West African Studies – New series No 46’. If my book is not authentic they won’t acknowledge my historical view point; you know OAU for that. So anybody can say anything they like but they can’t confront me because I gaurd my loins with the truth, fact, incontrovertible fact of history of the significance of Ugbo in Yoruba historical relevance.

You are the Chairman of Peace and conflict resolution council among Yoruba royal fathers. What can you say about unity among Yoruba Obas?

Oba Akinruntan: Very good! Brilliant question! Yes, we have been doing that, trying to reconcile Yoruba royal fathers in order to foster unity amongst us. Don’t forget Yoruba is a difficult race. Let me be sincere to you and to myself, Yoruba is really a very difficult race. There is one thing we call egoism; that’s the major problem affecting us. Some of the conflict issues we have among the royal fathers boil down to egoism and complex. To make the matter worse, a lot of people without the royal blue blood assume the royal stool. So we have challenges curbing and reining in egoistic proclivities and tendencies. In those days before you can become an Oba, you must not be a south paw, you must not be bald headed or hunch backed; if your father is still alive, you can’t assume the royal stool. It wasn’t possible in ancient Yoruba Land! You are getting me? If you are nine fingered or nine toed, meaning you are not complete, you can’t become an Oba. If you are a stammerer or you are a twin, you can’t be an Oba. If you are a female or child of a female kindred to the throne, you can’t be an Oba. The problem we face now is that our tradition has been bastardised , a lot of the things we held dear in our culture had been watered down and have become severely tinkered with and adulterated . My dear brother, those are the kind of challenges we are facing that we are taking our time to correct. The second one is if there is conflict between two royal fathers , we try to settle it amicably between them and we settle a lot of cases. One thing is I don’t do any of these things for anyone to praise me. I can call my colleague royal father who has an issue with another and try to settle the issue and no one else needs to know.

Let’s talk about Ode Ugbo, your kingdom. How far have you developed this great land of your great ancestors?

Oba Akinruntan: Beautiful question! You see, I am not trying to be boastful, but the truth be told, this palace is one of the best in the world. I have 25 bedrooms and 14 palatial living rooms in this sprawling palace. If the United States of America’ s President visits, he will be conveniently hosted in this palace; I think that’s worthwhile enough! This monument wasn’t here until I ascended the throne of my fathers in 2009. I have changed a lot of things and given this kingdom a facelift. I have restructured the architecture of this terrain. The new things you can see around are the things I changed when I became the Olugbo. Of course, I have empowered my people who are fishermen with modern boats ; I have offered innumerable scholarships to our young ones from secondary school to university level, among other notable things I have done to contribute to the well being of my people. Opposite my palace here, we are planning to build one of the best hospitals in Nigeria . It’s in the pipeline and it’s coming up very soon. I am a private individual, but in my capacity, I have contributed a lot to this land. Before I ascended this throne, Ugbo was a no go area for so many people because of the fear of communal insecurity and threat to life. All that have stopped now! When I came, I told them anyone who tries nonsense, constitutes nuisance or dares to turn my kingdom to a canvas of blood where people are killed would be summarily dealt with and would wind up in jail. I told them all the wanton killing must stop; anyone who tries it is going to jail. And all the insecurity to life stopped! I am glad to say that peace , once alien to Ugbo, has returned to the land since I assumed the throne in 2009. I thank God for that. I have sent all the criminal elements bolting out of Ugbo and my people are enjoying peace and tranquility. I am a peacemaker in the mould of Henry Kissinger of the US White House way back whose name was synonymous to peace in the White House.

Kabiesi, do you think your tenants, the oil companies have done enough for the oil rich Ilaje nation?

Oba Akinruntan: No! They haven’t. They always promise to do this and that ; I haven’t seen them do anything except for the promises. I am going to 11 years on the throne now, all they have been doing is promises, promises and promises.

How far have you been able to cope with life as a royal father?

Oba Akinruntan: Well, I am enjoying it. I am on the throne of my forefathers, so it’s for me a great pleasure . Before I became the Olugbo, I have been a successful business man by all standard. So, I have been a moderately excellent dresser all the way. Now that I am an imperial royal father, I am always in tune with royal fad and fashion , always very careful with what I wear because I always make statement with my outfit: my cloth, my shoe, my crown, my royal staff, even my car , they always rhyme. I am very stylish person with my royal Vogue and this has come a long way. I could remember vividly as a business man , I went to the US in 2007; I was invited by President Bill Clinton to the White House for an award. I could still recall my dapper blazers and all. I bought my outfit at Rosiny in London. The shoe I wore too, I bought the pair at Rosiny also in London. My tie alone was fifty thousand pounds ! So , when they saw me, they marveled at my dress sense. After the whole event and the photo opp’ and we had shaken hands, Bill Clinton told me I am an admirable man, an outstanding Nigerian with an admirable sense of dressing. I asked him there and then , Mr. President, how did you single me out of so many business elite corp in Nigeria for the honor and award? Bill said they profiled me and my business concern and concluded I have made an impact in my business life deserving of mention and global recognition. He said, how many Nigerians can give account of their grass to grace rise in the business world in my country? Only a few! He said my background and integrity accounted for the honor the White House has bestowed on me. If you look at my profile, I put it there that I started my oil business from bottle to gallon, to Jerry can, to drum , to dispensing pump before I could have a fueling station. That is my grass to grace story. America wants to know how you started your business, so, my profile really impressed them. My background is transparent and my business is transparent as well, strong enough to pass the test of integrity and due process. So, all along I have been taken things in my stride and I have been enjoying every bit of it. I have coped well so far and I have no course to regret my decision to occupy the stool of Olugbo.

What is responsible for your daring courage?

Oba Akinruntan: (smiles) . You see my courage is the function of my mindset. A clear conscience doesn’t fear accusation. I am always daring because I have nothing to fear. It’s God who has given me a lion heart oo!You don’t dare he whom God himself has specially made and not regret it! Yet, I don’t have or use anything ; it’s God!

What do you have to tell people about Coronavirus pandemic ravaging the country?

Oba Akinruntan: Well thank you for that. Coronavirus is real! Coronavirus is real; coronavirus is real. Our people are encouraged to please note that this virus is a novel virus which cure has not been found and it kills within days. I want to appeal to my people in Ilaje, Ondo state and Nigeria to adhere to all the COVID 19 safety protocols as prescribed by the covid 19 Presidential Task Force. Watch your hands regularly, use hand sanitizer, wear your face masks if you are going out and if it’s not essential, stay indoor! I want to thank our Governor, Oluwarotimi Akeredolu for his sustained campaign for safety across Ondo state concerning the deadly coronavirus. The Governor is concerned about our safety, so each person should please take responsibility for a healthy living so that we all can survive the pestilence.

How about palliatives. Have you thought of giving your people palliatives ?

Oba Akinruntan: Most definitely , yes. I was the first in this country to give palliatives to my people. I gave them food items and money and it cut across the kingdom. I told you earlier that the well being of my people is my concern. I have given them palliatives and I will still give them again and again until this covid 19 challenge clears off. Ondo state government in the able leadership of our Governor, Oluwarotimi Akeredolu (SAN) had also presented Ondo state people with palliatives. I thank him for that too.

Finally Your Imperial Majesty, your advice to your people?

Oba Akinruntan: thank you very much. I preach peace among the people of Ode Ugbo. Without peace there can’t be development. I preach contentment because when people are not contented with what they have, their activities brew trouble and unrest. I preach love among my people. Let’s love ourselves so that together we can work for the growth of our kingdom.
I want to tell my people to be patient with the Ondo state government because Gov. Akeredolu meant well for us. He has promised us the Deep sea project; he has promised us Ugbo / Ilaje free trade zone. If we have these two alone, even me, I don’t have to go to Lagos again. That’s why we all need to support Governor Oluwarotimi Akeredolu’s second term bid because he is a man of his words.
I want to appeal to our youths to run away from crime. They should not do “Yahoo yahoo” because it doesn’t last. Our young ones who are ladies should not go into prostitution. It’s not a way of life.
And above all, let’s all us learn how to trust God because He knows what is best for us.

 

 

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EFCC Bursts Syndicate of 792 Cryptocurrency Investment, Romance Fraud Suspects in Lagos … Arrests 193 Chinese, Arabs, Filipinos, Others

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The Executive Chairman  of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, has  disclosed that the Commission, in a landmark raid,  arrested 792 suspects  for their alleged involvement in cryptocurrency investment fraud and romance scam.

The  suspects were apprehended on Tuesday, December 10, 2024, in a surprise operation at their hideout, an imposing seven-storey edifice known as Big Leaf Building, on No.7, Oyin Jolayemi Street, Victoria Island, Lagos , following verifiable intelligence received by the Commission.

Speaking during a media briefing on Monday, December 16, 2024,   at the Lagos  Zonal Directorate of the Commission, Olukoyede stated that  148 Chinese, 40 Filipinos, two Kharzartans, one Pakistani, one Indonesian were arrested during the operation.

The EFCC’s boss,  who spoke though the Director, Public Affairs, EFCC, Commander of the EFCC,  CEWilson Uwujaren, further stated that the  foreign nationals used the facility, which could be mistaken for a corporate headquarters of a financial establishment, to train their Nigerian accomplices on how to initiate romance and investment scams and also used the identities of their Nigerian accomplices to perpetrate their criminal activities.

According to him, “All the floors are equipped with high-end desktop computers. On the 5th floor alone, investigators recovered 500 SIM cards of local telcos that were bought for criminal purposes.

“ Their Nigerian accomplices were recruited by the foreign kingpins to prospect for victims online through phishing, targeting mostly Americans, Canadians, Mexicans, and several others from European countries.

“They usually arm them with desktop computers and mobile devices and create fake profiles for them.

“The Nigerian accomplices are equally provided with logs that allow them access to foreign communication lines and victims, which they chat with on WhatsApp, Instagram and Telegram.”

While giving  further details about the modus operandi of the syndicate, the EFCC Chair said the Nigerian accomplices, who are assigned WhatsApp accounts linked to foreign telephone numbers, especially from Germany and Italy, engage victims in romantic conversations as well as phantom business and investment discussions to trick them to shop on the purported online investment shopping platform called www.yooto.com.

He added: “For those who show interest, activation fees for an account on the platform starts from $35USD.

“Investigation revealed that the criterion for recruiting these young Nigerians is proficiency in the use of computers, especially typing skill. Those who passed the test are given desktop computers and mobile devices and then taken through a two-week induction on how to personate foreign females in romance scam chats and convince victims to invest in their employers’ cryptocurrency investment scam.

“Once the Nigerians are able to win the confidence of would-be victims, the foreigners would take over the actual task of defrauding the victims and proceed to block their Nigerian accomplices from the network. This would then leave them in the dark about the transaction.”

He, however, said the Nigerians involved in the alleged fraudulent activities “do not know the owners of the ‘company’ they work for because they are not offered letters of appointments or receive payment from a corporate account.”

According to him, the  suspected Nigerian accomplices are usually paid either in cash or through an individual’s account.

Olukoyede said the Commission was working with its foregoing partners to establish the extent of the scam and the accomplices as well as the likelihood of any collaboration with organized international fraud cells.

The EFCC Chair also used the occasion to debunk the notion that Nigerians are behind the tonnes of frauds emanating from the country.

“Foreigners are taking advantage of our nation’s unfortunate reputation as a haven of frauds to establish a foothold here to disguise their atrocious criminal enterprises. But, as this operation has shown, there will be no hiding places for criminals in Nigeria,”he said.

Also speaking during the occasion , the acting Zonal Director, Lagos Zonal Directorate of the Commission, Michael Wetkas, sought greater collaboration with the media in the fight against  corruption and economic and financial crimes.

Items recovered from the suspects include desktop computers, mobile phones, laptop computers and cars at the point of arrest.

The suspects will be charged to court after investigations are concluded.

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Kogi Governor Ododo Allegedly Spends N400million To Build ‘Intruders Gate’, Another N439million To Produce Staff Of Office For Chiefs

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About N400million was spent by the Governor Usman Ododo’s administration in Kogi State for the construction of what was tagged “Intruders gate”, a copy of the 2024 state budget performance report obtained by SaharaReporters has revealed.

An intruders gate, also known as a security gate or anti-climb gate, is a type of gate designed to prevent unauthorised access to a property, building, or restricted area.

The primary purpose of such gate is to provide an additional layer of security and protection against potential intruders.

The budget document seen by SaharaReporters showed that the Governor Ododo-led government had in the last 9 months spent N398,817,976.33 on “intruders gate instead of the N100,00,000 appropriated and approved in the 2024 budget by the Kogi State House of Assembly.

This suggested that N298,817,976.33 was allegedly illegally spent above the budget ceiling on such gate.

However, where the gate was mounted by the government wasn’t disclosed in the document.

A further check on the report revealed that N439,500,000.00 has so far been spent in 2024 for the “production of customised staff of office for graded chiefs” in the state.

These spendings are coming at a time when residents of the state like other Nigerians are going through a spike in cost of living, hardship and hunger.

Earlier, SaharaReporters reported how the Ododo-led government spent N2.9billion for the Government House minor capital works and remodelling government house between January and September 2024.

The review showed that while the state budgeted N100 million for government house minor capital works, it has ended up spending N784 million within nine months.

Also while the government budgeted N962million for remodeling government house structure, it has spent N2.2 billion within nine months.

The review further showed that based on the details published by the state government, it has continued to overshoot budgetary allocations.

For instance, N50million was budgeted for renovation of Speakers’, honourable members residential quarters, within nine months however N58.7 million was spent.

Renovation of honourable speaker and deputy speakers lodge stood at a budgeted amount of N50 million , however N52 million was spent within nine months.

Maintenance of the Secretary to the State Government’s official residence and landscaping stood at a budget of N10million, however within nine months N13.8million was spent.

Construction of Mosque and Chapel in the government house was budgeted at N25 million, however the state spent N86.4 million within nine months.

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Audit report reveals CBN’s non-disclosure of $40.23bn in reserves, policy violations under Emefiele’s tenure

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The Central Bank of Nigeria (CBN) failed to disclose details of the nation’s external reserves, valued at $40.23 billion, in its 2021 financial year report, as stated in the latest findings from the Office of the Auditor General of the Federation.

The 2021 audit report, released in December 2024, further exposed violations of internal policies on dollar time deposits by the CBN under the leadership of Godwin Emefiele.

Emefiele, whose tenure as CBN governor ended in June 2023, is currently facing charges by the Economic and Financial Crimes Commission (EFCC) at the High Court of the Federal Capital Territory, Abuja.

The EFCC accuses him of obtaining $6.2 million under false pretenses, using a forged letter purportedly from the Secretary to the Government of the Federation dated January 26, 2023.

The letter allegedly requested a contingent logistics advance from the CBN, which Emefiele falsely claimed was authorized by the president.

The audit also scrutinized the CBN’s adherence to its revised Investment Policy, raising additional concerns about financial management during the period under review.

“For the year 2021 financial year, the Bank failed to publish the position amounting to US$40,230,803,228.80 of the country’s external reserves to the public,” the report stated.

The report further noted that there was no waiver or new policy introduced during the period that could explain the non-disclosure of the external reserves.

It attributed the failure to weaknesses in the internal control systems at the Central Bank of Nigeria (CBN).

The report also pointed out that this lack of transparency violated Article 15(v) of the CBN’s revised Investment Policy, which mandates the Bank to define the content, form, and frequency of reports on external reserves to ensure transparency.

The Auditor General expressed concerns about the significant risks associated with this breach, including a lack of accountability, diminished transparency, and potential harm to Nigeria’s economic credibility.

The report cautioned that foreign investors are not sufficiently informed about the country’s economic status, which could undermine investor confidence.

In response to the audit query, the management of the Central Bank of Nigeria (CBN) stated that “information on the external reserves position is available to members of the public on the Bank’s website under the Reserve Management tab.”

The report also mentioned that the Central Bank’s Monetary Policy Committee (MPC), which convenes every two months, provides updates on the reserves.

However, the Auditor General’s assessment concluded that the bank’s response did not effectively address the fundamental issue at hand.

“The response from the Management failed to address the issue raised,” the report said, maintaining that its findings remain valid.

The Auditor General’s report recommended that the CBN governor be summoned before the National Assembly’s Public Accounts Committees to explain the failure to publish the reserves.

It also called for potential sanctions under the Financial Regulations Act of 2009, citing serious misconduct.

Additionally, the report suggested that “sanctions relating to gross misconduct prescribed in paragraph 3129 of the Financial Regulations 2009, should apply.”

The audit also uncovered a violation of the Central Bank of Nigeria’s (CBN) Money Market Policy, in addition to the non-publication of reserves figures. It revealed that a $26.05 million dollar time deposit exceeded the mandated maximum maturity period of three months, rolling over for five months without the required waivers.

This deposit, made on October 21, 2021, matured on March 21, 2022, in direct contravention of internal policies designed to manage liquidity and credit risks.

The Auditor-General attributed this breach to weaknesses in the CBN’s internal control systems.

In its defense, the central bank argued that its policies allow for extensions of up to one year for specific transactions, asserting that the dollar deposit was in compliance with these provisions.

However, the Auditor-General rejected this explanation, pointing to insufficient evidence to support the bank’s claims.

The report recommended that the CBN governor appear before the Public Accounts Committees of the National Assembly to justify both the failure to publish reserves and the extension of the dollar deposit’s maturity.

Additionally, it called for sanctions against the CBN under the Financial Regulations Act of 2009 for gross misconduct.

“The CBN Governor should be requested to: Furnish the Public Accounts Committees of the National Assembly with the evidence of approval to extend the maximum maturity period of US$26,051,039.29 deposit of the CBN for five months instead of three months, and Otherwise, sanctions relating to gross misconduct prescribed in paragraph 3129 of the Financial Regulations 2009, should apply,” it said.

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