MOMAN new Chairman, Olumide Adeosun, unveils agenda, speaks on PIA

Meet Olumide Adeosun, Professional Oil Marketer who just tookover MOMAN leadership mantle, first after Petroleum Industry Act (PIA)


The Major Oil Marketers Association of Nigeria, MOMAN, has announced the appointment of Mr. Olumide Adeosun, CEO, Ardova Plc, as Chairman of the Association with effect from Wednesday, September 01, 2021.

Platforms Africa reports that Adeosun is the first chairman to be appointed by the group after the Petroleum Industry Act (PIA).

He succeeds Mr. Tunji Oyebanji, CEO, 11 Plc, who was Chairman from 2019-2021.


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Speaking about his appointment during a virual press conference, monitored by Platforms Africa in Lagos, 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.

Olumide Adeosun

“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 MOMAN will play 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

“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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