Astute traditional ruler cum businessman with a philanthropic mind Erudite businessman and flamboyant personality, whose presence cannot be ignored, Oba (Dr) Frederick Enitiolorunda Obateru Akinruntan , the Olugbo of Ugbo Kingdom in Ondo State, is the Chairman/Chief Executive of OBAT Oil and Petroleum Limited, one of the leading names in the petroleum industry in the country. He was born in Jirinwo, Ilaje Local Government Area of Ondo State.
A graduate of Business Administration from Lead City University, Ibadan, where he was awarded” The Most Outstanding Enterprise Graduate” Class of 2008, our distinguished royal father has received numerous awards, locally and at the international level for his business acumen, mentoring and inspiration of numerous citizens, as well as philanthropic gestures.
These include; Doctor of Philosophy (Business Administration), Staton University, Tampa, Florida USA – 1986, Doctor of Divinity, Staton University, Tampa Florida, USA – 1997, Doctor of Business Administration (Honoris Causa), University of Ado-Ekiti, Ekiti State, Nigeria – 2006 and Doctor of Business Administration (DBA), Oxford Institute of Management, UK – 2007.
Entrepreneur of the Year Award from the Western Media Forum – 1997, Patron; Nigeria Union of Journalists, Oyo State Council – 1999, Life Grand Patron; National Association of Polytechnic Accountancy Students (NAPAS) 1999 and Grand Fellow Emeritus; University Zenity Hall of Fame – 1999.
Others are ; Goldname Award for Enterprise (RATTAWU / PAN AFRICAN CENTRE) for Trade and Creative Initiative – 1999, Life Patron, Performing Musicians Employers Association of Nigeria (PMAN) 2000, Award of Excellence by Ondo State Chamber of Commerce, Industry, Mines and Agriculture (OSCCIMA) 2000, Peacemaker of the Year Award from the Correspondents Chapel, Ondo State Council of the Nigeria Union of Journalists (NUJ), 2001, Fellow, Law Students Association, Ogun State University, Ago-Iwoye (now Olabisi Onabanjo University) 2001, Grand Patron, Law Students Association, Ogun State University, Ago-Iwoye (now Olabisi Onabanjo University) 2001 and Fellowship Award of the Federal Polytechnic, Ede, Osun State 2002.

This mentor of many across the world, was presented with the Trail Blazer Award from the National Association of Business Administration Students (NABAMS), Ambrose Alli University, Ekpoma, Edo State 2004, The Visionary Achiever of the Decade Award from the Association of International Relations Students (AIRS), Ambrose Alli University, Ekpoma, Edo State 2005 and was the First Nigerian member, Clinton Global Initiative, 2008.
Obat Oil and Petroleum Limited, which he established in 1981, is a leading household name in petroleum marketing in the country. The company which started with one filling station in Okitipupa, Ondo State, currently has over 50 stations and service outlets, in strategic locations and ultra-modern depots to ensure hitch-free supply and distribution of petroleum products across the country. Its operations cover both the upland and riverine areas in the national energy market. The company supplies products to notable energy consuming public corporations as the Nigerian Ports Authority (NPA), Nigeria Breweries P l c , P o w e r Holding Company o f  N i g e r i a ( P H C N ) , F l o u r M i l l s o f N i g e r i a P l c , N i g e r i a Bottling Company ( C o c a – C o l a ) , Guinness Nigeria Plc , Cadbury Plc to mention a few. E n i t o l o r u n d a O b a t e r u A k i n r u n t a n , belongs to several professional and trade associations, including Riverine Communities Petroleum Marketers Association of Nigeria, of which he is the current President, Fellow, Institute of Corporate Affairs & Business Management. member, Nigerian Institute of Management (MNIM), member, Independent Petroleum Marketers Association of Nigeria (IPMAN). Member, International Bunker Industry Association, member, Depot and Petroleum Product Marketer Association (DAPPMA). President, Riverine Communities Petroleum Marketers A s s o c i a t i o n o f N i g e r i a ( R I C O P M A N ) , m e m b e r , Fishermen Association of Nigeria and member, United States of America , Department of Commerce, Atlanta, Georgia. USA.

A shrewd manager of human and material resources, Oba (Dr) Frederick Enitolorunda Obateru Akinruntan, a silent and humble achiever, has set up a conglomerate of businesses, which dove tails into virtually every sector of the Nigerian economy. He is the Chairman, Obat Group, Chairman, Obat Oil and Petroleum Limited, Chairman, Obat Refinery Limited, Chairman, Obat Nigeria Limited, Chairman, Obat Fisheries Limited and Chairman, Eko Oil and Gas Limited. He is equally the Chairman, Theo Oil Nigeria Limited, Chairman, Febson Hotels Nigeria L i m i t e d , C h a i r m a n , P r o g r e s s C o n s u l t a n c y S e r v i c e s Limited, Chairman, Saaloe Nigeria Limited and Chairman, Tutuma Maritime Limited. At the height of the recently concluded October 20 gubernatorial election in the state, the revered traditional ruler called on his fellow Obas to be neutral on the political front. According to him, all contestants and their supporters are their children and subjects and as their fathers, they must not just be neutral but must be seen to be neutral and sincerely a political.
The monarch who is also a philanthropist, has put smiles and indeed laughter to many citizens , non citizens and homes, just as he has been bringing development in different forms to his kingdom. Numerous subjects of the monarch attested to his vision in making life better for Ugbo kingdom. He is happily married with children.

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