Hard time hits the
King of Ugbo kingdom, Oba Obateru Akinruntan’s business conglomerate.
While the oil and gas aspect of the business is struggling for survival
with the AMCON,
However, The City
Pulse gathered from a reliable source that banks are already threatening
fire to take over the business mogul’s property concern in Abuja.
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.
We also gathererd
that the whole things started from the point when a feud existed between
his two sons ‘ ‘Yomi and Femi’ on who take the leadership mantle of
their fathers business.
While one was
always on the spending side, the other was concentrating and
strategizing on how to save for the future of the company’s existence.
Reliably, The City
Pulse gathered that many things has been happening underground that the
management of the company has refused to let out to the public. One of
their staff said to us that the company has been running from pillar to
post to making sure things go normal until the issue of Eco bank came
up.
Nothing Seems to be working again In the Ikoyi Office , We only saw a security man in the building who refuse to talk to us.
Below is the picture of the companies located in Norman Williams Ikoyi Lagos .
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