Gbenga Ilemobayo
Mr. Adetunji Oyebanji is retiring as the Managing Director of 11 Plc after 45 years of meritorious service to the company.
The development was contained in a notice signed by the Company Secretary, Chris Meseko, to NASD Plc and the investing public, on March 3, 2026. The retirement is effective from March 31, 2026, after over 45 years of dedicated service to the organisation.
The Board of Directors of 11 Plc expressed its profound gratitude to Oyebanji for his leadership and invaluable contributions to the company and wished him the best in his future endeavours.
Oyebanji was appointed Chairman and Managing Director of the then Mobil Oil Nigeria Plc
in October 2008 and following the divestment of ExxonMobil, became the Managing
Director/CEO of 11 Plc in April 2017.
The Board of Directors acknowledged Oyebanji’s remarkable career with the company, 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, 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.
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 Oyebanji for his tireless efforts and dedication to 11 Plc 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.
