The Energy to enrich Africa...

The Board____________________________


The company has Board of Directors, who set the company objectives and policies for the management of the affairs of the company. The Directors of the company are listed below:

1.    Olorogun Michael C. O. Ibru             (Chairman of the Board)
2.    Mr. Mamemo M. Ibru                         (Managing)
3.    Mr. Ignatius V. Edema                       (Executive)


The key personnel are made up of the following:

Mr. Mamemo M. Ibru:
           Managing Director

He holds B.Sc in Chemistry from UC Berkeley, USA in 1992 and his MBA is in progress at Lagos Business School. He worked with Superbru Limited, a brewery within the IBRU organization for a year, and two years with Oceanic Bank International Nigeria Limited before having one year stint with the Chairman of Ibru Organisation. He joined Ibafon Oil Limited from its inception.

Mr. Ignatius V. Edema
          Executive Director (Operations & Administration)   

He holds B. Sc in Agriculture in 1971 from the prestigious University Of Ibadan. He acquired 23 years farm (arable & livestock) working   experience in Operations and Administration at Management level before joining Ibafon Oil from inception. He is an Executive Director of the company.

3]      Mr. Livinus Arungwa
         General Manager (Aviation & Commercial)

He holds the Higher National Diploma (HND) in Transport Studies obtained in 1983 from the College of Technology Owerri, Imo State. He also has a Post Graduate Diploma (PGD) as well as finished a master’s degree (M.Sc.) program in Transport Planning in 2005 and 2008 respectively from the Lagos State University.

He has 22 years cognate experience in Aviation business and Oil & Gas operations having worked with Mobil Oil Nig. Plc, the then Unipetrol Nig. plc as Aviation Manager and finally as the head of the Aviation business of Oando Plc as National Aviation Development
Manager, before his voluntary resignation from the company in 2007. He joined Ibafon Oil Limited in December 2010.

Isaac Babalola
         Deputy General Manager (Finance)

He graduated from York University, Toronto and University of Windsor, Windsor both in Canada. He is an associate member Institute of Chartered Accountants of Nigeria. He has cognate experience of over twenty years having worked with The Industrial Training Fund, Arthur Young (Chartered Accountants), Nigerian National Petroleum Corporation and Bank of Industry.

5]      Mr. Stephen Olajide Taiwo
         Source & Distribution Executive

He obtained his National Diploma (Business Administration) in 1976 and B.Comm (Marketing) in 1978 from Concordia University, Montreal, Canada. He has 20 years working experience in Pipeline & Products Marketing Company (PPMC), a subsidiary of Nigerian National Petroleum Corporation (NNPC) and retired as Depot Manager. He was Executive Director of Depot & Petroleum Products Marketers Association (DAPPMA) for two years before joining the company.


6]      Victor O. Onyiriuka
         AGM, Human Resources/Administration

He bagged M. Sc. in Industrial Psychology in 1988 and has 17 years working experience at management level in Unipetrol and SCOA. He has also handled Contracts in Human Resources for Warri Refinery & Petrochemical, Bonny LNG and Shell Petroleum.

7]      Mr. Obialo, Nelson Chinenye
         Internal Auditor

He graduated from Olabisi Onabanjo University (formerly Ogun State University), Ago – Iwoye, Ogun State where he bagged B.Sc. (Accountancy) in 2000. He is a member of The Institute of Chartered Accountants of Nigeria, an Oracle Certified database Professional and a Certified Forensic Accountant. He had worked with Century Energy Services Limited, Tee One Ventures Ltd, and Reckitt Benckiser Nig. Ltd, etc. He has over 12 years working experience before joining Ibafon Oil in September 2012.