The Managing Director of 11Plc, Mr Adetunji Oyebanji, will retire from the company after 45 years of service.

The development was contained in a notice signed by the Company Secretary and addressed to NASD Plc and the investing public, dated March 3, 2026. The retirement will take effect from March 31, 2026, after over 45 years of dedicated service to the organisation.

The Board of Directors of 11Plc expressed its profound gratitude to Oyebanji for his leadership and invaluable contributions to the company and wished 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/Chief Executive Officer of 11Plc in April 2017.

The Board of Directors acknowledged Oyebanji’s remarkable career with the company, describing it as 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 the 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. He was also a past Council member of the Nigerian Institute of Management and the LCCI. 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, United States, as well as Manager, Planning of Mobil Africa Sales Inc.

He also 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 and the 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 also appreciated his contributions to the company’s success and said it was grateful for his legacy, which will continue to inspire future generations.

11Plc (formerly Mobil Oil Nigeria Plc) is a player in the Nigerian oil and gas industry.