Wale Tinubu

Wale Tinubu Co-Chairing at the World Economic Forum on Africa, Cape Town)
2011- Tinubu, Co-Chairing at the World Economic Forum on Africa, Cape Town) ©World Economic

Wale Tinubu is Group Chief Executive to one of Africa’s largest energy companies. Oando Plc. The Forbe’s Magazine’s acclaimed “King of African Oil”, Wale Tinubu, was born 26 June 1967 in Lagos. His secondary education took place between at Federal Government College Odogbolu, from 1978 to 1983. He studied law at the University of Liverpool, England and obtained a Masters of Law degree (LLM) from the London School of Economics, in 1989, specializing in International Finance and Shipping. He qualified to practice in Nigeria as a lawyer in 1990 and joined the family law firm, K.O. Tinubu where he was responsible for corporate and petroleum law.

Within another four years, Tinubu had started in conjunction with friends, to involve their newly formed company, Ocean and Oil Limited in providing freight to oil marketing companies, and later graduated to selling products on behalf of major oil marketing companies when they couldn’t take the products into their system. The Ocean and Oil Ltd. which he formed together with Jite Okoloko and Mofe Boyo in 1994 purchased 30% Federal Government equity in Unipetrol. In 2001, when Tinubu and his team made a shock purchase of Italian Agip Petrol’s 60% stake in Agip Nigeria Plc, for $74 million, and after taking the controlling stake at an industrial gas supply company, Gaslink, they had fused the Unipetrol with Agip to form Oando. Under Tinubu’s leadership, Oando had gotten listed on the Johannesburg Stock Exchange with a market capitalization of more than three billion South African Rand, the first African company to so do.