Net worth of Oba of Lagos, Rilwan Babatunde Osuale Aremu Akiolu

The current traditional ruler of Lagos is Rilwan Babatunde Osuale Aremu Akiolu.  He was born 29 October 1943. He is aged 76 years old. He assumed office on the 9th of August, 2003. At the University of Lagos, he studied Law.

He served as the Assistant Inspector General of Police before he was crowned Oba of Lagos. He is a very powerful person and many important personalities in Lagos look for his protection.

Coronation
On May 23, 2003, Akiolu was selected by the kingmakers of the Lagos traditional kingdom and confirmed by the Lagos State government as the 21st Oba of Lagos; he was capped the next day, and was crowned on August 9, 2003. He has served in this position since May 2003, when he succeeded Oba Adeyinka Oyekan.

The Akinsemoyin Royal Family of Lagos has challenged Oba Akiolu’s coronation in court, complaining, amongst others, that their lineage has been denied access to the throne.

Education
He attended Ansar-Ud-Deen College, Surulere, Lagos (1961-1965) and studied Law at the University of Lagos (Akoka campus), receiving his Bachelor of Laws degree (LL.B).

He is immensely respected as he is an icon to be reckoned with. He is the traditional ruler of one of the biggest city in the world which happens to be Lagos State.

Controversy
Akiolu courted controversy when in April 2015 in a meeting with Igbo leaders in Lagos he publicly swore “by the grace of Almighty Allah, that any of the Igbo representatives who went against his will that Ambode insha’Allah would be the next governor of Lagos, the person is going to die inside this (Lagos Lagoon) water”.

Career
After high school he served for 32 years in the Nigeria Police Force, entering the force in 1970. He served in various capacities, was promoted to assistant inspector-general of Police in 1999, and was active until his retirement in 2002. He is a member of the Nigerian Institute of Management and a fellow of the Nigerian Law School.

His net worth is estimated to be $40million.