Mischief makers are bent on fouling the euphoric mood of the 7th ascension anniversary of Oba Frederick Obateru Akinruntan, the Olugbo of Ugboland, Ondo State and the Chairman of Obat Oil and Petroleum .Stories have been flying around about a purported takeover of the Obat Oil and Petroleum’s depot at H.I.M. Oba (Dr.) F.E.O. Akinruntan Close, Beachland Estate, Apapa, Lagos,over a loan allegedly indebted to Skye bank. The company has however debunked the publication,with a statement titled ‘ Skye Bank's Fictitious takeover of Obat oil. It reads,' The management of Obat oil and Petroleum has been drawn to the fictitious report making the rounds in the newspapers and social media about a purported takeover of the company by Skye Bank. We hereby refute the report and state categorically that there was no such incident. Contrary to claims that the takeover was approved and initiated by reason of the Federal High Court ruling, there is no ruling of the Federal High court directing or authorizing Skye Bank to take over Obat Tank farm/depot or its operation. We state categorically that there has been no takeover of Obat offices/tank farm and operations, rather the company’s many offices have been operating at optimum capacity, thus leaving the news being planted in the news media about the takeover in bad taste. We urge members of the public to disregard such news and publications'.

Engr Deji Neri
Executive Director of Communications.
Obat oil and petroleum Ltd.

http://urbanlifeng.com/default_main/index.php/1310-obat-oil-dismisses-tale-of-skye-bank-takeover

Cc: lalasticlala this is a rejoinder for the earlier publication

Bad belle