Root Permissions

Hi all,

I cannot change root owned files/directories even though I am logged in as
root.

>drwxr-xr-x 11 root root 4096 Oct 25 14:00 prodbkp
>root [533] / # chown oracle prodbkp
prodbkp: Not owner
>id
uid=0(root) gid=3(sys) groups=0(root)

please assist.

thanks