A monarch in Ondo state has been reportedly questioned by the Economic and Financial Crimes Commission for his alleged involvement in financial crimes.

The Olugbo of Ugboland, Fredrick Obateru Akinruntan, also known as Obat is the chairman of Obat Oil Limited and an alleged benefactor of the fuel subsidy scam.

According to Sahara Reporters, an EFCC source reported that the Olugbo of Ugboland was questioned by the agency for his involvement in money laundering although the amount of money said to be laundered was not stated in the report.

The source was quoted to have disclosed that the monarch was initially questioned on Friday, February 12 whereupon he was directed to return on Monday, February 15 to face more questioning.

Agents of the commission are looking into his suspected involvement in a huge money laundering scheme and other financial crimes.

The source however, did say that the EFCC “has made a lot of progress in putting together a case that warrants charging him [Obat] to court,” adding that it was too early to know if the monarch would be charged to court.