AFRICA: NIGERIA
Nigerian Traditional Ruler Arrested For Money Laundering
Agents of the Economic and Financial Crimes Commission (EFCC) late last week interrogated Fredrick Obateru Akinruntan, a flamboyant Nigerian monarch from Ondo State. An EFCC source said that Mr. Akinruntan, who holds the traditional title of Olugbo Of Ugbo, was grilled in connection with his suspected involvement in money laundering. The source said the investigations were too early to determine the amount of money involved in the alleged crime.
The source also added that it was too early to disclose when the traditional ruler might face prosecution.
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