Forte Oil Plc Appoints Akin Akinfemiwa CEO and Owotuga Julius Babatunde CFO
February 02, 2012
The Company has notified The Exchange of the appointment of Messrs. Akin Akinfemiwa as the Chief Executive Officer and Owotuga Julius Babatunde as Chief Financial Officer.
Akinfemiwa attended University of Ibadan where he graduated with a B.Sc. Degree in Mechanical Engineering in 1995; and MBA Degree in Information Technology at Hull Business School, University of Lincolnshire and Humberside, Kingston upon Hull, United Kingdom in 2000.
He was Executive Assistant to the Deputy Managing Director/Chief Operating Officer, Oando Plc. between 2002 to 2003. And from 2003 and 2006 he became Products and Derivatives Trader, Oando Supply and Trading Limited. He moved to Fineshade Energy Limited as Head, Trading and Business Development between 2006 and 2009. In short, he is an experience and seasoned International Petroleum Trader focusing on oil and petroleum products, futures swamps and derivatives trading. And until this appointment he was the Group Chief Operating Officer, Zenon Petroleum and Gas Limited.
Owotuga is a KPMG trained Chartered Accountant and a graduate of University of Lagos with B.Sc. degree in accounting in 2002. He is member of Chartered Institute of Management Accountant as well as member of The Certified Institute of Treasury and Financial Management.
He started as a Banking Officer with MBC International Bank in 2003. He moved to KPMG Professional Services and between 2003 and 2005 he was an Audit Assistant. Between 2005 and 2006 he was promoted to Semi Senior. From 2006 and 2007 he became Senior Financial Advisor. In 2007 he moved to Standard Chartered Bank (Nigeria) Ltd as Manage, Projects Management Office (Finance).
Mr. Owotuga moved to Africa Finance Corporation in 2009 and was Head, Assets and Liabilities Management and Treasury Risk analysis until his appointment as Chief Financial Officer.
Both appointments are with effect from December 28th, 2011.