Trouble For Obateru Akinruntan’s Obat Oil & Gas As Regulator Shuts Down Operations!

…faces heavy fine

Obat Oil and Gas, the cash cow of Ugbo monarch has been shut down.

And this development is courtesy of action of industry regulator Nigerian Maritime Administration and Safety Agency, NIMASA.

According to information filtering in the gates of the company were firmly shut at press time, with the seal of NIMASA on the sealed iron gates.
‘’that is the facility at facility at Ibafon area of Apapa’’ a source divulged Oba Obateru Akinruntan

Information filtering in revealed the move was made over non compliance with certain rules and regulation defined as ‘’ International Ship and Port Facility Security, ISPS, Code’’

Added information sourced from vanguard revealed that the closure came on the heels of earlier warning to the management by NIMASA
The agency’s spokes person Hajia Lami Tumaka is quoted as stating that ‘’ Obat will remain shut until every requirement for compliance of the Code is met’’
Additional disclosure revealed that the Oil and Gas firm would also pay a prescribed fine after it has corrected all operational and security lapses that resulted in shut down of it’s operations.
‘’we are talking a heavy fine’’ a source divulged.

Sources claim the management of the company headed are currently rallying round to resolve the business crippling sanction.