11 Plc MD Retires After 45 Years In Service

11 Plc’s managing director, Adetunji Oyebanji, has taken a bow from the company after 45 years of meritorious service.

The development contained in a notice signed by the Company Secretary to NASD Plc and the investing public, dated 3 March 2026, is effective from 31 March 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. The Board wishes him the best 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, 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 of Fuels Services, and Executive Director of 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 at the company, Oyebanji has played a significant role in the Oil and Gas industry and the economy at large. He is currently the President and Chairman of the Council of the Chartered Institute of Directors in Nigeria.

He was a past chairman of the Major Energy Marketers Association of Nigeria and 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, and as a Manager, Planning, at 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 1l 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.