The deceased identified as Babatunde Adeluka, also known as Tunde Olubasa, was shot dead at Helena Hotel where he had lodged on Boxing day.
Findings revealed that the assailants numbering about three trailed the late Babatunde to the hotel.
A source who spoke under anonymity said the deceased had earlier attended a function in Akure before retiring to his room at the hotel.
The source explained that Babatunde had arrived at the hotel from Akungba-Akoko but was shot dead at the bar of the hotel where he had gone to get a drink.
Confirming the incident, the Police Public Relations Officer (PPRO) in the state, ASP Tee-Leo Ikoro said it was a case of assassination.
Ikoro who maintained that the Commissioner of Police, Bolaji Salami, has ordered a full investigation into the incident, disclosed that police operatives were on the trail of the fleeing assailants.
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