RE: SKYE BANK’S FICTITIOUS TAKE OVER OF OBAT OIL

The attention of the management of Obat Oil and Petroleum has been drawn to the fictitious report making round 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 take over was approved and initiated by reason of the Federal High Court ruling