Africa Leaders Magazine

ADEWALE TINUBU-FROM A CAREER IN LAW TO BECOMING NIGERIAN OIL TYCOON

Adewale Tinubu is the Group Chief Executive of Oando PLC,  an indigenous energy solutions provider in Sub-Saharan  Africa with a proven track record in building successful businesses across the energy value chain.

Tinubu has been known for his leadership and contributions to the energy industry in Africa. He began his career as an attorney specializing in corporate law in 1992 and has since built a successful career and reputation in the energy sector, particularly in Nigeria.

He co-founded Ocean and Oil Group, one of the first indigenous trading companies with extensive operations exporting Nigerian petroleum products in 1993 and in  2000, during the Nigerian Government’s privatization exercise, Wale Tinubu led Ocean and Oil’s successful bid for a stake in Unipetrol. Two years later, he led the largest-ever acquisition of a quoted Nigerian company, with Unipetrol PLC’s purchase of Agip Nigeria PLC. The group was rebranded to Oando PLC in 2003.

The  Oando brand name and her subsidiaries was brought to the fore under his leadership  in 2016 unhindered by a repressed economy, strategic partnerships in Oando PLC’s downstream and midstream businesses (OVH Energy and Axxela) pulled in $300 million in capital investment into Nigeria’s economy.

Oando successfully divested Oando Marketing Limited to the Vitol Group in 2019, the world’s largest independent trader of energy commodities and Helios Investment Partner, a premier Africa-focused private investment firm, resulting in the formation of OVH Energy, with proceeds from the entire sale totaling ~$461 million.

Passionate about bridging  the country’s educational gap and build the next generation of change makers, Mr. Tinubu founded Oando Foundation in 2011, an independent charity with the  focus of driving a sustainable basic educational system for the Nigerian child through its signature programme – the Adopt-A-School Initiative (AASI).

Today, the Foundation has adopted 88 public primary schools across Nigeria, supporting over 500,000 students, enrolled over 60,000 Out of School Children, trained ~ 3,000 teachers, infrastructure rehabilitation of ~300 classrooms (renovation and new build) and established ~40 solar powered digital learning centers. The Foundation’s mission is to improve the learning environment in primary schools by holistically creating world-class basic education systems to the community.

Adewale Tinubu was named ‘Entrepreneur of the Year’ West Africa by Ernst & Young based on his contributions to the development of the African Oil and Gas industry in June 2015. In 2011, he was awarded ‘African Business Leader of the Year’ by Africa Investor and in 2007, ‘Global Young Leader’ by the World Economic Forum, Geneva, recognizing his achievements as a leading business executive.

Mr. Tinubu’s ability to build and lead successful businesses across the energy value chain is a testament to his leadership, vision, and dedication. His trajectory from law to the energy sector speaks to his adaptability, leadership skills, and entrepreneurial spirit and  serve ass an inspiration to others who may consider making similar transitions from one industry to another, highlighting the importance of continuous learning and adaptation in achieving success in diverse fields.

 

 

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