A relative of the monarch confirmed this to newsmen on Thursday.
Adeusi was said to be on his way from a meeting in Akure in his official car around 4 pm when he was accosted by gunmen and shot.
Preliminary reports indicate that no one else was attacked in the car and no item was stolen.
His corpse, it was learnt, had been conveyed to the Federal Medical Centre.
Speaking with journalists, a relative said, “He was in his official car which had his customized number plate. He drove to Akure for a meeting. But on his way back, on getting to a rough road along Elegbeka, he was accosted by gunmen and shot.
“It was clearly an assassination because nothing was stolen from the vehicle and the other two occupants of the vehicle were not harmed.”
Adeusi ascended the throne about 23 years ago and was in his 60s.
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