Oredola Adeola
Adetunji Oyebanji, Managing Director of 11 Plc (formerly Mobil Oil Nigeria Plc), is set to bow out of the company on 31 March 2026, following over 45 years of dedicated and meritorious service, including nearly nine years pioneering its operations.
The development was disclosed in a statement dated 3 March 2026, signed by Chris Olumayowa Meseko, 11Plc Secretary, and addressed to Nigerian Automated Securities Dealing (NASD) and to the investing public, a copy of which was obtained by Advisors Reports on Thursday.
The Board of Directors of 11 Plc expressed its profound gratitude to Mr. Oyebanji for his leadership and invaluable contributions to the company. The Board wishes him the best in his future endeavours.
Advisors Reports gathered that Oyebanji was appointed Chairman and Managing Director of then Mobil Oil Nigeria Plc in October 2008 and following the divestment of ExxonMobil, became the Managing Director/CEO of 1lplc in April 2017.
The Board of Directors acknowledged Mr. Oyebanji’s remarkable career with the Company, which is a testament to his unwavering commitment, passion, and expertise in the oil and gas industry.
He joined Mobil Oil Nigeria Plc in 1980 as a Marketing Representative Trainee and progressed through various leadership positions, demonstrating exceptional leadership and strategic vision.
These include Planning Associate, Pricing Manager, District Manager, Branch Manager, Manager Fuels Services, and Executive Director, Fuels.
His appointment as Managing Director/CEO in 2017 marked a significant milestone in his
illustrious career, and he has steered the Company through a period of significant transformation and growth.
Apart from his role in the company, Mr. Oyebanji has played significant roles in the Oil and Gas
industry and the economy at large. He is currently the President and Chairman of Council of the
Chartered Institute of Directors Nigeria.
He was a past Chairman of the Major Energy Marketers Association of Nigeria as well as the Petroleum Downstream Group of the Lagos Chamber of Commerce and Industry (LCCI).
He was also a past Council member of the Nigerian Institute of Management and the LCCl.
He was a board member of the Society for Corporate Governance, Nigeria for over 10 years.
Mr. Oyebanji’s career extended well beyond Nigeria’s shores.
He served at various points in his career as a Project Associate at Mobil Oil Corporation’s headquarters in Fairfax, Virginia, USA, as well as Manager, Planning of Mobil Africa Sales Inc.
He served as an Executive Director at Mobil Oil Cameroon and later at Mobil Oil Ethiopia. Eventually, he took on a global leadership role as Manager Industrial and Wholesale Fuels, Africa, Middle East, based in Belgium and reporting functionally to the Global I&W Manager.
The Board of Directors thanked Mr. Oyebanji for his tireless efforts and dedication to 1lplc and
wished him a happy and healthy retirement.
The Board equally appreciated his contributions to the Company’s success and was grateful for his legacy, which will continue to inspire future generations.
