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- Written by Kunle Awosika
Obat boss and Olugbo of Ugbo Kingdom in Ilaje Local Government Area of Ondo State, Oba Fedrick Akinruntan may be battling hard times as the High Court of the Federal Capital Territory in Jabi, Abuja, on Thursday, ordered the sale of his Abuja hotel owned by one of his companies, Obat Oil and Petroleum Limited to offset N5 billion debt it owes Ecobank Plc.