Things are not going well with the King of Ugbo kingdom, Oba
Obateru Akinruntan’s business conglomerate.
While the oil and gas aspect of the business is struggling
for breath with the AMCON, sources say banks are already threatening fire and
brimstone to take over the business mogul’s property concern in Abuja.
Already, the shopping mall in Abuja is as good as being
taken over by Ecobank over a huge debt hanging on the company’s neck.
While many are asking how it all went so bad for the
company, fingers are being pointed to the King’s kids that prodigally ran the
companies while the old man went to lead his kingdom as a traditional ruler
Newsofthepeople
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