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Aiteo Appoints Knezevic as International Advisor

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Aiteo Group

By Modupe Gbadeyanka

Prominent Nigerian oil and gas firm, Aiteo Group, has appointed Mr Ratko Knezevic to its Global Executive Management team as Group Advisor on Business and Capital Development.

A statement issued by the firm disclosed that Mr Knezevic, whose appointment became effect from May 5, 2017, will lead Aiteo’s funds raising activities from global capital markets with the primary objective of reinforcing the group’s growth and diversification targets in Nigeria and across Africa as a whole.

Mr Knezevic brings to this role vast experience and expertise acquired through proven track record of direct operational leadership, strategy development, team building, financial and relationship management.

He has achieved this immense depth of capability from more than 20 years of top flight experience in international business, investment banking, world political affairs, and international government relations through, amongst many roles, previous roles as Vice Chairman of Macquarie Capital EMEA and senior advisory roles with some of the biggest blue chip companies in the world.

Mr Knezevic also served as Special Advisor for Economic and Foreign affairs to Prime Minister of Montenegro from 1994-1997 during which time he also served as Chief of the Montenegrin Mission to the United States of America.

Commenting on this development, the Vice President and CEO of the Aiteo Global Group, Benedict Peters, noted that, “This appointment is a testament to Aiteo’s commitment to stable, experienced leadership and I believe with Ratko Knezevic’s exemplary guidance and advice, based on his vast experience in the UK, US, Europe and China in capital markets, we will continue to grow in the kind of significant proportions that we have come to be known.

“Mr Knezevic’s unrivalled network within global capital markets offers an excellent opportunity for investment in Nigeria and Africa through the Aiteo Group.”

On his part, the appointee said, “Africa is a new market and offers me a new challenge. My previous clients are some of the world’s biggest capital movers, and looking through their eyes, I can see the potential of Aiteo as a major commercial organisation in Africa and the world.

“I will be saying nothing new to recognise that future world economic growth lies with Africa, and I am excited about playing a role in Aiteo’s expansion, diversification and international stakeholder engagement.”

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Jobs/Appointments

Police Service Commission Elevates Seven AIGs to DIGs

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By Adedapo Adesanya

Seven Assistant Inspectors-General of Police (AIGs) have been promoted to the rank of Deputy Inspectors-General of Police (DIGs) by the Police Service Commission (PSC).

The elevation, which is a result of merit, seniority, record of service and performance in a written examination and oral interview conducted today at the commission’s headquarters in Abuja, is part of efforts to strengthen the leadership cadre of the Nigeria Police Force.

The newly promoted DIGs are Mr Zachariah Fera Achinyan (formerly AIG Zone 4, Makurdi), Mr Zango Ibrahim Baba (formerly AIG Department of Logistics and Supply), Mr Isyaku Mohammed (formerly AIG Armament, Force Headquarters, Abuja), Mrs Margaret Agebe Ochalla (formerly AIG FCID Annex, Lagos), Mr Mohammed Abdul Sulaiman (formerly AIG Police Accounts and Budget, Force Headquarters, Abuja), Mrs Kenechukwu Onwuemelie (formerly AIG Zone 15, Maiduguri), and Mr Umar Shehu Nadada (formerly AIG Zone 14, Katsina).

This latest round of promotions follows the recent elevation of DIG Fayoade Adegoke to the substantive rank of DIG. He will now join the Force Management Team.

The promotions became necessary to fill the vacancies created by the retirement of eight DIGs who previously occupied these strategic offices.

While congratulating the new DIGs, the Chairman of the Police Service Commission, Mr Hashimu Salihu Argungu, charged them to live up to the expectations of their new offices.

He urged them to prioritise national security and foster a cordial and productive working relationship with the Commission to ensure the continued development of the Nigeria Police Force.

Some of the PSC board members who took part as examiners in the exercise included Mr Paul Adamu Galumje, Mr Taiwo Lakanu (DIG rtd and Chairman, PSC Standing Committee on Police Matters), and Onyemuche Nnamani (Secretary to the Commission).

Recently, Mr Tunji Disu became the new Inspector General of Police (IGP) following the exit of Mr Kayode Egbetokun.

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11 Plc MD Adetunji Oyebanji Retires After 45 Years

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Adetunji Oyebanji 11 Plc

By Adedapo Adesanya

The managing director of 11 Plc, which used to be known as Mobil Oil Nigeria Plc, Mr Adetunji Oyebanji, has taken a final bow from the company after 45 years of meritorious service.

The development was contained in a notice signed by the Company Secretary to NASD Plc and the investing public. In the statement dated March 3, 2026, it was disclosed that the retirement is effective March 31, 2026.

11 Plc trades its shares on the NASD Over-the-Counter (OTC) Securities Exchange.

The board of 11 Plc expressed its profound gratitude to Mr Oyebanji for his leadership and invaluable contributions to the company, wishing him the best in his future endeavours.

Mr Oyebanji was appointed chairman and managing director of then Mobil Oil Nigeria Plc in October 2008 and, following the divestment of ExxonMobil, he became the managing chief executive of 11 Plc in April 2017.

The board acknowledged Mr Oyebanji’s remarkable career with the organisation, which it said 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, including Planning Associate, Pricing Manager, District Manager, Branch Manager, Manager of Fuels Services, and Executive Director of Fuels.

His appointment as Managing Director 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, Mr Oyebanji has played a significant role in the energy 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 (MEMAN) 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.

Mr 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.

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Olaniyan to Serve as NGX Group Chief Strategy Officer

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Jumoke Olaniyan NGX Group

By Aduragbemi Omiyale

Ms Jumoke Olaniyan has been appointed as the Chief Strategy Officer of the Nigerian Exchange (NGX) Group Plc.

In her new role, Ms Olaniyan will lead enterprise-wide strategy formulation and execution across the organisation, driving initiatives aligned with its ambition to deepen market liquidity, expand product innovation, broaden investor participation, and enhance long-term stakeholder value.

The role is central to strengthening cross-functional alignment and organisational effectiveness as NGX Group continues to evolve its integrated market infrastructure model.

NGX Group, in a statement, said it strengthened its executive leadership with the appointment of Ms Olaniyan to advance its next phase of strategic growth, digital transformation, product innovation and market development.

Her appointment underscores the company’s continued focus on disciplined strategy execution, strong governance and sustainable value creation.

It also reflects the group’s deliberate effort to strengthen its leadership structure through broader representation at the executive level, ensuring that women continue to play influential roles in shaping the evolution of Nigeria’s capital markets while contributing meaningfully to national economic development.

Before joining NGX Group, Ms Olaniyan held senior leadership roles at FMDQ Group Plc and FDHL Group, where she played key roles in business development, market expansion, and product innovation across the fixed income, currencies and derivatives markets.

With over two decades of experience spanning financial markets, strategy, consulting, and banking, she brings extensive expertise in market structure, stakeholder engagement, and enterprise transformation.

She holds a degree in Accounting as well as an MBA from INSEAD Business School and has built a reputation for driving growth, strengthening market participation, and delivering innovative financial market solutions that enhance transparency, efficiency, and market resilience.

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