I don't personally believe she's the one eyed king because why show us that damn panel with the king with the armor on to begin with? likewise would Aogiri seriously take orders from a woman like Eto if the yknew she was in charge?
Watta stop trying to confuse me. She is the OEK(at least their stand-in). That last chapter basically confirms it. The first time we saw that scene, he never said that part about it being the girl in bandages. Nico may be part of the group of clowns, HOWEVER their info be on point bruh. They manipulate the fuck out of situations, but they tell the truth for the most part.
If she's not the OEK, i have only two other theories...
The "Kanou is the One Eyed King" Theory; He's untouchable, and why would he not give himself some kind of advantage if he thinks so highly of ghouls? Clearly the Qs are evidence that a human can get and utilize a kagune with no major repercussions (that we've seen so far).
He seemed pretty friendly with Eto and Tatara (more so that they weren't inclined to kill hiim, but i feel like Eto knows
Considering Eto could hide her kakugan and roam around like a human, maybe he can as well?
One Eyed ghouls can also enter facilities that have special detection of ghouls undetected
My more recent theory, "There is no King, yet."
Remember way back when, I said it was strange that Tatara said Kaneki's kakugan was too weak? (back when they first introduce Aogiri)
Tatara and Eto basically run the show, but maybe they need someone strong enough to lead ALL ghouls against the CCG/humanity. Maybe it's some naruto bullshit where giving the half ghoul another kakugan unlocks some bullshit powerup. idk. maybe they will literally create a ghoul....? idk i forgot where i was going with this theory, but yeah
Unrelated, that panel when they talked about Kanou having a bodyguard, the head sure looked like Arima. It's too perfect. Arima has been OP for a while, and i've always speculated hes got ghoul in him somewhere. Kanou could've added something to him.... His hair turning white isn't coincidental, and this latest chapter simply proves the white hair is an association with ghoul/ghoul genes (i'm also looking at Takizawa).