Oba Akinruntan’s Obat Oil taken over by Skye Bank after court order

By Bolaji Dawodu, Lagos. Skye Bank Nigeria Plc has finally received orders from a Lagos Federal High to take over Obat Oil and Petroleum Ltd’s depot over an alleged N2.1billion debt. Naija-news.com leaned that Obat Oil was founded by oil magnate Fredrick Obateru Akinruntan, a Nigerian monarch, the traditional ruler of Ugbo Kingdom, a town…

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