[1] Sir Olateru Olagbegi II (born August 1910) was the paramount ruler of Owo Kingdom in Ondo State, southwestern Nigeria, from 1938 to 1941, succeeding Ajike Ogunoye.
His exile from power was a fallout of a regional crisis between two Action Group leaders: Awolowo and Samuel Ladoke Akintola.
A military coup in 1966 created an avenue for some citizens of Owo to unleash violence and revolt against Olagbegi.
[4] He died in October 1998 and the crown passed to his son Oba Folagbade Olateru Olagbegi III.
[6] Many Owo residents did not support his opposition and displacement of the co-regent at Ijebu-Owo and the use of police force at the nearby village of Isho.