After 45 years in oil & gas industry, Oyebanji bows out as 11PLC MD
After an illustrious 45-year career in the oil and gas industry, the Managing Director/Chief Executive Officer of 11 Plc, Mr. Adetunji Oyebanji, is set to retire effective March 31, 2026. The development was disclosed in a notice to NASD Plc and the investing public, dated March 3, 2026, and signed by the Company Secretary, Mr. […]
After an illustrious 45-year career in the oil and gas industry, the Managing Director/Chief Executive Officer of 11 Plc, Mr. Adetunji Oyebanji, is set to retire effective March 31, 2026.
The development was disclosed in a notice to NASD Plc and the investing public, dated March 3, 2026, and signed by the Company Secretary, Mr. Chris Olumayowa Meseko.
In a statement, the Board of Directors expressed deep appreciation for Oyebanji’s decades of dedicated service, commending his leadership and invaluable contributions to the growth and transformation of the company. The Board wished him a fulfilling and successful retirement.
Oyebanji began his career with Mobil Oil Nigeria Plc in 1980 as a Marketing Representative Trainee and steadily rose through the ranks, occupying several strategic roles including Planning Associate, Pricing Manager, District Manager, Branch Manager, Manager, Fuels Services, and Executive Director, Fuels.
He was appointed Chairman and Managing Director of Mobil Oil Nigeria Plc in October 2008. Following ExxonMobil’s divestment, he became the Managing Director/CEO of 11 Plc in April 2017, leading the company through a critical transition period and consolidating its position in Nigeria’s downstream petroleum sector.
His tenure as Managing Director/CEO was marked by significant corporate transformation and sustained growth, reinforcing the company’s reputation for operational excellence and reliability.
Beyond his corporate achievements, Oyebanji has made substantial contributions to Nigeria’s oil and gas industry and the broader business community. He currently serves as President and Chairman of the Council of the Chartered Institute of Directors Nigeria.
He previously held the position of Chairman of the Major Energy Marketers Association of Nigeria and the Petroleum Downstream Group of the Lagos Chamber of Commerce and Industry. He also served as a Council member of the Nigerian Institute of Management and LCCI, and was a board member of the Society for Corporate Governance, Nigeria, for over a decade.
Oyebanji’s professional experience extended beyond Nigeria, with international assignments including Project Associate at Mobil Oil Corporation’s headquarters in Fairfax, Virginia, USA; Manager, Planning at Mobil Africa Sales Inc.; Executive Director at Mobil Oil Cameroon and Mobil Oil Ethiopia; and Manager, Industrial and Wholesale Fuels, Africa and Middle East, based in Belgium.
The Board noted that his legacy of integrity, professionalism and strategic vision will continue to inspire the company and the industry at large.