OANDO PLC Company Profile


Exxon, an American Corporation, originally founded Oando in 1956 as Esso Africa. In the late 1970s the Government of Nigeria bought majority shares in the Company and it was rebranded as Unipetrol Nigeria. In the early 1990s the Company was publically listed and later that year 60% shares were sold to citizens of Nigeria. By 2001 Unipetrol had acquired 51% shares in Gaslink Nigeria, a Company responsible for over 150km of gas pipelines. Between 2000 and 2001 Ocean and Oil, a private investment firm co-founded by Benedict Peters in 1990, acquired 42% of Unipetrol.
In 2002 Ocean and Oil led the acquisition of a 60% stake in Agip Nigeria, a rival Company. In 2003 the Company was renamed to Oando Plc and became known as the largest Nigerian downstream Petroleum Company.
In 2005, Oando Energy Services was incorporated as an integrated Oilfield Services Company to achieve the group's objectives in the upstream services industry.
It has its Headquarter in Lagos, Nigeria; Oando is a leading independent African exploration and production Company. The Company’s service portfolio includes exploration, production and marketing of petroleum products and distribution of gas. Oando is the first Company in Nigeria to achieve being listed on both the South African and Nigerian Stock Exchanges. Through its upstream division Oando Energy Resources (OER), the Company has an additional listing on the Toronto Stock Exchange. Oando owns more than 600 petrol stations throughout Nigeria and employs around 1,000 employees.
Axxela Limited
Oando Energy Services L.
OVH Energy ‑ Oando Licensee
Equator Exploration Limited
Jubril Adewale Tinubu - Group Chief Executive Officer & Executive Director
Olufemi Olasupo Adeyemo - Chief Financial Officer & Executive Director
Ayotola Olubunmi Jagun - Secretary & Chief Compliance Officer
Oba Michael Adedotun Gbadebo - Chairman
Tanimu Yakubu Muhammad, Dr. - Independent Non-Executive Director
Ikeme Osakwe - Independent Non-Executive Director
Omamofe G. Boyo - Deputy Group Chief Executive & Executive Director
Ayo Ajose Adeogun - Chief Executive Officer-Oando Refinery
Muntari Muhammad Zubairu - Executive Director & Chief Corporate Services
Ngozi Okonkwo - Chief Legal Officer

The Wings Complex 17a Ozumba Mbadiwe, Victoria Island,Lagos, Nigeria.
Phone: 234-1-2702400

Unit 803, One JLT, Jumeirah Lakes Towers,
Dubai. UAE.
Tel: +971 4 551 5081
Email: [email protected]
1st Floor Right Wing,
Clan Place Plot 1386,
Tigris Crescent,
Off Aguiyi Ironsi Street,
Maitama, Abuja Nigeria.
17 Old Park Lane,
3rd Floor,
London, W1K 1QT.
United Kingdom.
Tel: +44 20 7297 4292

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