MOMAN elects Akin Akinfemiwa, GCEO Forte Oil Plc, as Chairman

The Major Oil Marketers Association of Nigeria (MOMAN), the umbrella body of the major oil marketing companies in the country, has elected the Group Chief Executive Officer of Forte Oil Plc, Mr Akin Akinfemiwa as its new chairman.

The new election of Akinfemiwa as the Chairman ensures the continuity of the Association's policy to actively engage the Federal Government on its policies as it relates to the downstream sector of the petroleum industry.

MOMANunder his leadership will wholly support the federal government's policies by ensuring compliance in the effective distribution and marketing of petroleum products. In addition,MOMAN will continue to foster partnerships with the Federal Government in exploiting the opportunities prevalent in the downstream petroleum sector.

'Our main focus at MOMAN is to continue to work closely with all the regulatory bodies to finding lasting solutions to the problems faced in the downstream petroleum sector and to also assist the Federal Government by 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.' said Mr. Akinfemiwa.

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 B.Sc. Degree in Mechanical Engineering and MBA Degree in Information Technology. He was appointed the GCEO of Forte Oil Plc in December 2011 having held several roles within the petroleum industry.

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

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