''FORBES UNDERESTIMATED MY WEALTH'', OBAT BOSS

    Chairman, OBAT OIL  and Olugbo of Ugboland, Oba Frederick Akinruntan Obateru has clarified that the highly influential FORBES Magazine grossly underestimated his wealth which they put at $300 million, making him the richest monarch in Nigeria, and among the TOP 5 richest monarchs in Africa.FORBES named King Mohammed VI of Morocco as Africa's richest monarch with the worth of over $2 billion. 
   Chief Obateru said he is worth far more than FORBES's estimate. According to him, his tank farms is the largest in Africa and the 3rd largest in the world. It was built at over $600 million, with another farm which is 4 times bigger than the present one already under construction. He is also building a 30 billion naira ultra-modern palace at Ugbo.
  The billionaire businessman is enjoying his life to the fullest. His gold-plated Rolex wristwatch cost $1 million. He rides Rolls Royce Bentley 2014 Model. He is the 2nd person to use the highly expensive car after the Queen of England. According to him: ''When I drove the Bentley to the Presidential Villa recently in Abuja, many presidential staff took photographs with it.'' His OBAT FOUNDATION takes care of his philanthropic gestures.
 OOB wishes Chief Obateru a long life and prosperity.