11Plc MD Oyebanji retires after 45-year service

The Managing Director of 11Plc, Mr Adetunji Oyebanji, will retire from the corporate after 45 years of service.

The event was contained in a discover signed by the Firm Secretary and addressed to NASD Plc and the investing public, dated March 3, 2026. The retirement will take impact from March 31, 2026, after over 45 years of devoted service to the organisation.

The Board of Administrators of 11Plc expressed its profound gratitude to Oyebanji for his management and invaluable contributions to the corporate and wished him the perfect in his future endeavours.

Adetunji Oyebanji was appointed Chairman and Managing Director of then Mobil Oil Nigeria Plc in October 2008 and, following the divestment of ExxonMobil, grew to become the Managing Director/Chief Government Officer of 11Plc in April 2017.

The Board of Administrators acknowledged Oyebanji’s outstanding profession with the corporate, describing it as a testomony to his unwavering dedication, ardour, and experience within the oil and gasoline trade.

He joined Mobil Oil Nigeria Plc in 1980 as a Advertising Consultant Trainee and progressed by means of numerous management positions, demonstrating distinctive management and strategic imaginative and prescient. These embody Planning Affiliate, Pricing Supervisor, District Supervisor, Department Supervisor, Supervisor, Fuels Providers, and Government Director, Fuels.

His appointment as Managing Director/CEO in 2017 marked a major milestone in his illustrious profession, and he has steered the corporate by means of a interval of great transformation and progress.

Aside from his position within the firm, Oyebanji has performed important roles within the oil and gasoline trade and the financial system at giant. He’s presently the President and Chairman of the Council of the Chartered Institute of Administrators, Nigeria.

He was a previous Chairman of the Main Vitality Entrepreneurs Affiliation of Nigeria, in addition to the Petroleum Downstream Group of the Lagos Chamber of Commerce and Business. He was additionally a previous Council member of the Nigerian Institute of Administration and the LCCI. He was a board member of the Society for Company Governance, Nigeria, for over 10 years.

Oyebanji’s profession prolonged properly past Nigeria’s shores. He served at numerous factors in his profession as a Mission Affiliate at Mobil Oil Company’s headquarters in Fairfax, Virginia, United States, in addition to Supervisor, Planning of Mobil Africa Gross sales Inc.

He additionally served as an Government Director at Mobil Oil Cameroon and later at Mobil Oil Ethiopia. Ultimately, he took on a world management position as Supervisor, Industrial and Wholesale Fuels, Africa and the Center East, based mostly in Belgium and reporting functionally to the International I&W Supervisor.

The Board of Administrators thanked Oyebanji for his tireless efforts and dedication to 11 Plc and wished him a cheerful and wholesome retirement. The board additionally appreciated his contributions to the corporate’s success and stated it was grateful for his legacy, which is able to proceed to encourage future generations.

11Plc (previously Mobil Oil Nigeria Plc) is a participant within the Nigerian oil and gasoline trade.