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UGO AMADI
The Major Oil Marketers Association of Nigeria, MOMAN, announces the appointment of
Mr. Olumide Adeosun, CEO, Ardova Plc, as Chairman of the Association with effect from
Wednesday, September 01, 2021. He succeeds Mr. Tunji Oyebanji, CEO, 11 Plc, who was
Chairman from 2019-2021.
Speaking about his appointment, Mr. Adeosun said “I feel very privileged for the
opportunity to serve as the Chairman of MOMAN in such an exciting time for our industry.
As a collective we are at cusp of new beginnings for the sector and I envisage that as we
move towards less price-controlled reality, our journey will make for interesting times”.
As the CEO of Ardova Plc, Mr. Adeosun’s leadership has yielded increased efficiency and
profitability, effectively positioning AP for its planned transformation to an integrated
energy company. He is widely recognized for being an astute business and thought
leader in the energy sector where he has over 18 years of senior leadership experience
in oil and gas, renewable energy, power, and strategy.
He also stated the role of MOMAN will play in during his tenure, saying “My appointment
as Chairman of our respected association commences just as the Petroleum Industry Act
has been encoded into law, marking the beginning of a new era for the downstream
sector. As an association, this means that we must be at the forefront of unravelling the
opportunities that come with operating in the free-market structures that have been
created by the PIA, whilst continually advocating for changes that positively impact our
industry and the economy at large.
His tenure which commenced on September 01, 2021, will run for two years, concluding
in September of 2023.
The entire MOMAN family wishes Mr. Adeosun success and expresses its gratitude to Mr.
Oyebanji for his visionary leadership.
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