Engr. Olumide A. Onakoya

Vice Chairman


Engr. Olumide A. Onakoya is a Fellow of the Nigeria Society of Chemical Engineers. He was educated at Government College Ibadan and the University of Leeds, England where he studied Chemical Engineering and  graduated in 1976. Engr. Olumide joined Mobil Oil Nigeria in 1977 and had a varied career involving assignments in Terminal operations, lubricants, plastic container and insecticide manufacturing, corporate planning, project management, facilities management, human resources, marketing and business leadership.

In 1992 he became the first Nigerian to win the Mobil Oil Nigeria Chairman’s award for excellence due to his stewardship of the world class Mobil Head Office and Residential Facilities in Lekki, Victoria Island, Lagos. He went on to win a quality award from Mobil Corporation in 1993 for his work on the same facilities. He was HR Manager during 1994-97.

In October 1997, he was appointed Marketing Director, Mobil Oil Nigeria. Between 2000 and 2004 he had offshore leadership assignments as General Manager, Mobil Oil East Africa, Ethiopia, Chairman/Managing Director, Mobil Oil Ghana and Chairman/Managing Director, Mobil Oil Zimbabwe.

On April 1, 2004, Engr. Olumide became the Chairman/Managing Director of Mobil Oil Nigeria Plc. By this appointment, he became the first Nigerian to head the multinational Company in its 100 years of existence in Nigeria. His tenure witnessed the successful transformation of Mobil Oil Nigeria to one of the most efficient downstream oil marketers and sustainably profitable companies listed on the Nigeria Stock Exchange. He retired voluntarily in October 2008 after leading a seamless succession planning program that resulted in another Nigerian taking over the position.

He is a consultant on strategic business restructuring and transformation, corporate leadership development and sharing his broad knowledge and experience with industry, professional organizations and the academic community at the Lagos Business School. He is also involved in voluntary mentoring of young people in business and life skills. He was the winner of the Lagos Business School Alumni Association President’s Merit Award for Excellence in 2014 and Government College Ibadan Old Boys Association National Merit Award for Excellence in 2015. He is currently the Vice Chairman of the Nigerian Society of Chemical Engineers Foundation.