Forte Oil boss emerges chair of major oil marketers group

Akin Akinfemiwa MD,Forte Oil

The Group Chief Executive Officer of Forte Oil Plc, Akin Akinfemiwa, has been elected Chairman of the Major Oil Marketers Association of Nigeria (MOMAN).

MOMAN, the umbrella body of the major oil marketing companies in the country, draws its membership from Mobil Oil, Conoil, Forte Oil, Oando, and Total Oil.

Mr Akinfemiwa takes over from the founding Chairman of the association, Wale Tinubu, whose tenure saw the emergence of MOMAN as a powerful voice for the major marketers in the downstream sector of the petroleum industry as well as a standard bearer for promoting best practices within the industry.

A statement by the association said Mr Akinfemiwa’s election would ensure continuity of the association’s policies to actively engage the Federal Government on its policies as it relates to the downstream sector of the petroleum industry.

The statement said, “MOMAN under his leadership will wholly support the federal government’s policies by ensuring compliance in the effective distribution and marketing of petroleum products,” the group said.

“MOMAN will continue to foster partnerships with the Federal Government in exploiting the opportunities prevalent in the downstream petroleum sector.”

“In his post-election statement, Mr. Akinfemiwa said the main focus of MOMAN would remain to continue to work closely with all the regulatory bodies to finding lasting solutions to the problems facing the downstream sector of the petroleum industry and assisting the Federal Government in ensuring uninterrupted supplies of petroleum products to Nigerians.

“Our commitment is to continue to work towards reviving the Nigerian economy by championing polices that promote the development of our industry which is a driver of the Nigerian economy,” he said.

“Mr. Akinfemiwa is an experienced and seasoned International oil trader with special focus on oil and petroleum products, futures, swaps and derivatives trading.

“He holds a Bachelor of Science Degree in Mechanical Engineering and Master of Business Administration, MBA, Degree in Information Technology.

“He was appointed the Group Chief Executive Officer of Forte Oil Plc in December 2011, having held several roles within the petroleum industry.

“MOMAN will be expecting Mr Akinfemiwa to bring his wealth of experience to bear on his assignment, especially relating to the successful transformation of Forte Oil Plc for which he was a major driving force.”

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