Adewale tinubu biography

A business profile of Wale Tinubu (b) — the Group CEO of Oando PLC and a nephew of President Bola Tinubu — whose influence has risen since his uncle took office. 

The younger Tinubu was part of a government delegation to South Korea in July to discuss collaboration in the mining sector. At the time, his personal interest in the subject was unknown. He has been a major player in the oil and gas sector for decades but has now established a mining company to explore for lithium and bitumen, and is investigating the possibility of manufacturing lithium batteries locally.

The government has been championing such initiatives. Minister of Solid Minerals Development Dele Alake — who on 21 November revoked over 1, mining licences —  has insisted that companies mining in Nigeria add some value to the minerals they exploit. 

Although Wale Tinubu appears to be positioned to take advantage of this trend, he is not leaving the oil and gas sector. On 8 September, Oando announced the acquisition of Eni’s subsidiary Nigeria Agip Oil Company Ltd (NAOC) for over a US$1 billion. That would enable Oando to: 

• increase its stake in oil mining leases 60, 61, 62, and 63 from 20% to 40%
• nearly double its oil production
• acquire new gas plants. 

The deal is similar to one between Seplat and ExxonMobil that was blocked by the Nigerian National Petroleum Company Ltd (NNPC) and the Nigeria Upstream Petroleum Regulation Commission (NUPRC) because of alleged non-compliance with the sector’s rules and regulations. 

The Oando–Eni deal is raising hopes that the Seplat–ExxonMobil deal will be approved, however, because neither the NNPC or NUPRC will want to deny Wale Tinubu their approval, while neither the President nor the regulatory authorities will want to appear to be favouring his relative. President Tinubu is also the oil minister. 

On 15 November, confident that its deal with Eni will be approved, Oando reached an agreement with the pan-African Afreximbank for a US$ million

Described as &#;The King of African Oil&#; by Forbes magazine, and one of the top ten CEOs in the world by ASKMEN, Adewale Tinubu is a name that requires no introduction. Before he turned 30, he had already built for himself, a reputation as a market leader in Nigeria’s emerging oil and gas sector at the time.

That ingenious young man has not looked back since then, as he continues to smash new challenges year after year. He still sits as Chief Executive Officer of OANDO Plc, a rebranded version of the small company he started almost 30 years ago.

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Birth and education

Adewale Jubril Tinubu was born to a legal practitioner on 26 June , in Lagos, Nigeria. He had his early education in Nigeria, obtaining his West African Senior Certificate in , before proceeding to the United Kingdom at the age of 16 to study law at the University of Liverpool, England. There is no mention about where he might have picked up the inspiration to study law, but having a lawyer-father, who practically lived and breathed the profession could have been an encouragement for the young man to tow the same path.

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It was during his time in London that he started honing entrepreneurial and deal-making skills which he had only just discovered. He travelled across Europe several times, using his school fees to purchase luxury German cars and driving them back to London. The goal was to sell them off at a profit on his way back to London, and if he was not successful in doing that, he would sell them immediately he got to London. After making about four to five trips, he had averaged $5, in profits on each sale – which was very impressive for a year-old.

After his law degree, he went to the London School of Economics to get his Masters in Law in , before returning to Nigeria at 22 to attend the Nigerian Law School. He w

Nigerian lawyer and businessman (born )

Jubril Adewale "Wale" TinubuCON (born 26 June ) is a Nigerian business executive and lawyer, who is the group chief executive of Oando PLC.

He began his career in as an attorney, specialising in corporate and petroleum law assignments. In , he co-founded Ocean & Oil Group and guided its strategic development from an oil trading and shipping company.

Education

Tinubu had his primary education in Lagos state and later obtained the West African School Certificate in from the Federal Government College, Odogbolu. He studied law at the University of Liverpool and obtained a Master of Laws degree from the London School of Economics. He returned to Nigeria at 22 to attend the Nigerian Law School in order to qualify to practice and was called to the Nigerian bar in

Career

Tinubu began his career with his family law firm, K. O. Tinubu and Co, where he specialised in corporate and petroleum law. In , he co-founded Ocean and Oil Limited, an oil company located in Nigeria.

Awards and nominations

Personal life

Adewale Tinubu is the nephew of Chief Bola Tinubu, a Nigerian politician and former governor of Lagos State, the national leader of the All Progressives Congress, and the president of the Federal Republic of Nigeria, GCFR.

He is married and has children.

References