Adetunji Oyebanji Retirement: 11 Plc CEO Concludes 45-Year Oil Career
After an illustrious 45-year career in the oil and gas industry, Mr. Adetunji Oyebanji, the Managing Director/Chief Executive Officer of 11 Plc, is set to retire effectively from March 31, 2026. This significant development was announced in a notice issued to NASD Plc and the investing public on March 3, 2026.
The Board of Directors of 11 Plc has expressed profound gratitude for Mr. Oyebanji’s decades of dedicated service. They commended his exceptional leadership and invaluable contributions, which have been pivotal to the growth and transformation of the company. The Board extended their best wishes for a fulfilling and successful retirement.
A Distinguished Career in Oil and Gas
Mr. Oyebanji commenced his professional journey with Mobil Oil Nigeria Plc in 1980 as a Marketing Representative Trainee. Over the years, he steadily ascended through various strategic roles. These included Planning Associate, Pricing Manager, District Manager, Branch Manager, Manager, Fuels Services, and Executive Director, Fuels, showcasing his diverse expertise within the sector.
His leadership trajectory continued with his appointment as Chairman and Managing Director of Mobil Oil Nigeria Plc in October 2008. Following ExxonMobil’s divestment, Mr. Oyebanji transitioned to become the Managing Director/CEO of 11 Plc in April 2017. In this pivotal role, he successfully steered the company through a critical transition period, solidifying its standing in Nigeria’s downstream petroleum sector.
Legacy of Transformation and Industry Impact
Mr. Oyebanji’s tenure as Managing Director/CEO was characterised by substantial corporate transformation and sustained growth, which reinforced the company’s reputation for operational excellence and reliability. Beyond his corporate successes, he has made significant contributions to Nigeria’s oil and gas industry and the wider business community.
Currently, he holds the esteemed position of President and Chairman of the Council of the Chartered Institute of Directors Nigeria. His past leadership roles include 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, underscoring his extensive influence in corporate governance and finance.
International Experience and Enduring Influence
Mr. Oyebanji’s professional experience also extends internationally, with assignments that included 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 of 11 Plc noted that Mr. Oyebanji’s legacy, marked by integrity, professionalism, and strategic vision, will undoubtedly continue to inspire both the company and the industry at large for years to come.