The Managing Director and Chief Executive Officer of 11 Plc, Adetunji Oyebanji, will this month retire from the company, bringing to a close a 45-year career in Nigeria’s oil and gas industry.
The development was disclosed in a notice dated March 3, 2026, and signed by the Company Secretary of 11 Plc, Chris Olumayowa Meseko.
According to the notice, Oyebanji’s retirement takes effect from March 31, 2026.
The Board of Directors of 11 Plc expressed its profound gratitude to Oyebanji for his leadership and invaluable contributions to the company, wishing him the best in future endeavours.
“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.”
“The Board of Directors thanked Mr. Oyebanji for his tireless efforts and dedication to 1lplc 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.”
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.
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 career, and he has steered the Company through a period of significant transformation and growth.
Apart from his role in the company, Oyebanji played significant roles 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 Nigeria.
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Oyebanji 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.
