The 50-year old was reportedly killed with a charm for refusing to pay 'owo ile' at the Imo area of Arigidi Akoko in the Akoko North-West Local Government of Ondo state.
According to a witness, a fight ensued between the deceased and his alleged killers when late Olanipekun accompanied his friend, who operates a rental business in the community, to erect canopies for a ceremony at the Imo quarters.
He said "When they were about erecting the canopy, the ‘area boys’ approached them for the payment of ‘owo Ile’ before the canopies could be erected.
"This led to a hot argument between the deceased and the boys, who went home and brought the charm with which they beat Akeem over the non-payment of the 'owo Ile'. The deceased, after being beaten with the charm, was shivering and later gave up.
"Currently, there is tension in the town because of possible reprisal by the family of the deceased, who had two wives and some children."
The witness revealed that the suspects fled the community following the aftermath of the incident.
Police area commander in Ikare Akoko, Razak Rauf, confirmed the incident, adding that the perpetrators will be arrested.