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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.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Jobs/Appointments

Olabode Adeyeri Becomes Lagos Island LG Chairman’s Chief Press Secretary

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Olabode Adeyeri Lagos Island LG chair CPS

By Dipo Olowookere

The publisher of Citizen Magazine and Citizen NewsNG, Mr Olabode Adeyeri, has been appointed as the Chief Press Secretary (CPS) to the Lagos Island Local Government Chairman, Mr Taiwo Ajibade Oyekan.

The council boss disclosed that the appointment of the seasoned journalist, writer, and communications professional reflects his administration’s commitment to effective governance through strategic communication.

Business Post gathered that the appointment of Mr Adeyeri became effective on Wednesday, April 1, 2026.

The appointee will use his extensive experience in media practice and public engagement to strengthen the local government’s communication framework, enhance transparency, and improve the dissemination of policies and programmes to the public.

“The appointment of Mr Adeyeri is a deliberate step towards strengthening our engagement with the public and ensuring that our policies and programmes are communicated clearly and effectively.

“We are confident that his wealth of experience in journalism and communications will further improve transparency and deepen public trust in our administration,” Mr Oyekan was quoted as saying in a statement.

“We believe Mr Adeyeri will play a key role in projecting the vision of this administration and strengthening the bridge between the government and the people,” the council chief added.

Mr Adeyeri holds a Bachelor of Science degree from Olabisi Onabanjo University and a Master’s degree from the University of Lagos. Between 2011 and 2018, he worked with Globacom Nigeria Limited, where he served as Corporate Support Executive and Glo 1 Business Support Executive.

He established Citizen Communications Network in 2010. The company publishes Citizen Magazine and Citizen NewsNG.

Described as a prolific journalist and community development enthusiast, Mr Adeyeri is widely regarded as a result-driven professional and committed scholar, with a passion for advancing progressive ideals and contributing meaningfully to societal development.

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Energia Appoints Oladimeji Bashorun as CEO After Chris Egonu Exit

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Energia

By Adedapo Adesanya

Energia Limited has announced the appointment of Mr Oladimeji Bashorun as its chief executive to lead its next phase of growth following the exit of Mr Chidi Egonu.

Mr Bashorun, who previously served as the company’s Chief Operating Officer (COO), steps into the role after years of providing strategic and operational leadership within the organisation.

During his tenure as COO, he was at the helm of the company’s operations, driving operational efficiency and supporting the company’s long-term growth strategy.

A seasoned oil and gas professional with over two decades of industry experience, Mr Bashorun held several technical and leadership roles at Shell Petroleum Development Company and later at Sahara Upstream before joining Energia.

In these positions, he contributed to operational leadership, asset management, and initiatives focused on improving operational stability and performance, according to a statement by the company.

Commenting on the appointment, Mr George Osahon, Chairman of the Energia board, said: “Oladimeji Bashorun has demonstrated exceptional leadership and deep industry expertise during his time as Chief Operating Officer.

“His commitment to operational excellence and strategic growth has been instrumental to Energia’s progress.

“The board is confident that under his leadership as the Chief Executive Officer, the Company will continue to strengthen its position as a key player in the industry, while delivering sustained value to its stakeholders.”

Speaking on his new role, Mr Bashorun said, “I am honoured to assume the role of Chief Executive Officer of Energia. Working closely with a talented team that drives the company’s success, I look forward to building on our achievements and advancing Energia’s commitment to operational excellence, responsible energy development, and value creation for our stakeholders.”

Under his leadership, Energia said it will continue to focus on strengthening operational performance, expanding strategic opportunities, and contributing to Nigeria’s energy security, while maintaining its commitment to environmental stewardship and community development.

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Sunu Assurances Picks Olayinka Adaramola as ED for Technical Operations

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SUNU Assurances Nigeria

By Aduragbemi Omiyale

Sunu Assurances Plc has appointed Mr Olayinka Adaramola to its board as an executive director.

The appointee will be in charge of Technical Operations, a statement signed by the company secretary, Taiwo Kuku, disclosed.

Mr Adaramola is an astute insurance professional with over two decades of experience in underwriting, claims and strategic operations, combining technical expertise with academic excellence.

He obtained his Higher National Diploma (HND) in Insurance from Lagos State Polytechnic, Isolo, in 1996 and MBA in Marketing from Ladoke Akintola University of Technology, Ogbomosho, in 2009.

He began his professional career in September 1998 in the General Accident Department of Leadway Assurance Company Limited, where he honed his skills in underwriting different classes of insurance business and survey inspections.

Prior to joining the board of SUNU Assurances Nigeria in February 2026, he served as the Executive Director, Technical Operations of Capital Express Indemnity Insurance Limited.

He has attended various courses within Nigeria and the United Kingdom. He is an Associate Member of the Chartered Insurance Institute of Nigeria (CIIN).

In a related development, Sunu Assurances has announced the resignation of Mrs Olajumoke Bakare from its board with effect from April 1, 2026.

Mrs Bakare served as an independent non-executive director on the board after receiving regulatory approval for her appointment on April 7, 2022.

During her tenure, she served diligently on various board committees and contributed meaningfully to the board’s deliberations.

In accepting her resignation, the board expressed its profound appreciation for Mrs Bakare’s distinguished service, noting her thoughtful contributions, sound judgment, and principled approach to matters before the board.

It further acknowledged that her input significantly influenced both its decisions and overall effectiveness, reinforcing a culture of strong governance rooted not only in technical competence but also in integrity, trust, and composure.

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