Obinna Ufudo has been confirmed as the Executive Director, Operations of Nestoil Limited. The Group Managing Director of the company, Dr. Ernest Obiejesi made this confirmation in a statement.
“Nestoil is quite pleased to welcome Obinna Ufudo to our team. His career experiences bring further depth to our workforce and will support our continued push for excellence and improved performance in our businesses”. Obiejesi was quoted in the statement.
Ufudo, a seasoned financial services, and corporate management professional joins Nestoil Limited with over twenty years of experience across multiple industries.
In the past years, the newly-appointed Executive Director has held senior-level positions in Trading, Investments, General Management, and Financial Advisory capacities.
Ufudo was the Group President/Chief Executive Officer of Transnational Corporation of Nigeria Plc (Transcorp) from 2011 to 2014, where he led the turn-around and repositioning of the company. He had supervisory responsibility for Transcorp’s Power, Hospitality, Agriculture and Oil & Gas businesses.
Ufudo, who is a British Chevening Scholar, holds a Master of Science degree in International Securities, Investment & Banking from the University of Reading, UK. He also holds an Executive Master in Business degree from the IESE Business School, University of Navarra, Barcelona Spain and a Bachelor’s degree in Finance from the Enugu State University of Science and Technology.
He is an alumnus of the Wharton School, University of Pennsylvania and Fellow of the Chartered Institute of Bankers of Nigeria.
Nestoil is Nigeria’s largest indigenous Engineering, Procurement, Construction and Commissioning (EPCC) Company in the Oil and Gas sector and has been a significant contributor to the industry since inception in 1991.
With over 1,500 direct employees, Nestoil has continued to redefine the country’s industry standards in Pipeline Construction, Repairs and Maintenance with associated facilities for Dredging, River Crossing, and Shoreline Protection. Its sister company Neconde is an Oil exploration and production company.