How Jite Okoloko’s lavish lifestyle, sponsorship of Political partieswrecked Eroton Oil, Notore chemicals


Behind the facade of the pristine and plush Victoria Island, Lagos, the office of Eroton Exploration and Production, an independent oil and gas producing company, is a cesspool of discontent, debts, and dire straits.

The company is barely surviving since the outbreak of the COVID-19 pandemic, Eroton has been stewing in embarrassing debts and failure to meet its obligations to many of its suppliers and staff.

Worse is that the company, according to inside sources, has had to lay off some of its workers because it could no longer meet up with its monthly wage bill.

Like every other company across the world, Eroton, in conforming with the new world order of social distancing necessitated by COVID-19, asked some of its staff to start working from home.

When things normalized a bit, some of the staff were asked to return to the office while others were sacked outright. The entitlements of those laid off have reportedly not been sorted.

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