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Obat Oil boss, Femi Akinruntan expands new frontiers

At a time like this, when the nation’s economy profile is heading south, the only way forward for businesses to stay afloat is through diversification. Presently, one of Nigeria’s leading oil marketers, Obat Oil and Petroleum Ltd, has joined the class of oil players venturing into other areas of business in order to keep its head above water. Prince Femi Akinruntan, the managing director of Obat Petroleum and one of the sons of Oba Obateru Akinruntan, the Olugbo of Ugbonla kingdom in Ondo State, has run brilliantly the affairs of Obat oil for almost a decade.

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