Emmanuel Olajide Adesoye
Mr. Emmanuel Olajide Adesoye (FCA), born in Ikoro Ekiti, Ekiti State, Nigeria is a chartered accountant, proven administrator, accomplished Oil & Gas Industry Manager and an outstanding finance expert from ExxonMobil Companies in Nigeria, the largest Oil & Gas producer in Nigeria.
The Chairman’s professional career began in November 1973 at Peat Marwick, where he underwent Articleship Training as a student of accounting passing through H.Foulks Lynch and Co. UK. He completed the final examination of the Institute of Chartered Accounts of Nigeria (ICAN) IN 1978. He served as a senior auditor and later manager, where he audited major Nigerian Companies including Shell, UBA, and PZ, Industrial Gases etc.
Onwards from Peat Marwick, the Chairman spent over 28 years in senior level management, evenly distributed in the downstream and upstream segments of the Oil and Gas Industry in Nigeria & Overseas. He worked for ExxonMobil in the UK & USA, and was responsible for Accounting and Financial trainings for all Mobil downstream affiliates in Africa notably Nigeria, Zimbabwe, Egypt, Mozambique, Ghana, Zambia, Kenya, Sudan, Ethiopia, Eritrea and Sierra Leone.
His growth in ExxonMobil exposed him to numerous trainings including the prestigious advanced management program for Oil and Gas industry executives in Thunderbird School of Global Management, Arizona, USA. He also underwent an intensive management program with a focus on International Oil and Gas financing – Euromoney, Amsterdam, Netherlands.
As an ExxonMobil employee, his management expertise and business leadership was widely acknowledged within the company’s circuit, thereby holding leadership roles including Member, Board of Trustees, ExxonMobil Upstream Pension; Member, Leadership Council, ExxonMobil Affiliates in Nigeria; and General Manager, Property Business (Mobil downstream), to name a few.
He was appointed Group Treasurer, Upstream Nigeria ExxonMobil Affiliates (Mobil Producing Nigeria, Esso Exploration and Producing, Esso Deep water) and was responsible for Company and affiliate financing, Project funding, Pension fund operations and Company insurance management. He led the NNPC/MPN JV Project financing bringing in significant resources to enable the prosecution of the JV’s Natural Gas Liquids (NGL), Satellite Fields, & Drilling programs.
His areas of proficiency include:
Financing Expertise: He structured major financings for the NNPC/MPN JV’s programs (Natural Gas Liquids (NGL), Satellites Fields & Drilling). He procured over $4 Billion in financing from Multilateral Agencies, International Commercial Banks, Nigerian Commercial Banks and other sources. The financings have enabled major NGL and Crude Oil production that has provided significant revenues for NNPC, The Federal Government of Nigeria and Mobil Producing Nigeria.
Controls Expertise: He provided World Class Controls Advisory in Business Practices, Foreign Corrupt Practices Act (FCPA) and Conflict of interest issues. He implemented the ExxonMobil Nigeria Upstream Business Practices Review which introduced the Corporation’s Standards of Business Conduct, including Antitrust, Conflict of Interests, Directorships, Gifts and Entertainment policies as well as the Foreign Corrupt Practices Act, Alcohol & Drug use policy, and Harassment in the work place policy into the Nigerian affiliates.
Facilities Management Expertise: He managed the considerable ExxonMobil Real estate portfolio profitably, thereby contributing significantly to Mobil Oil Nigeria Ltd. bottom line.
He retired in June 2012 and has since provided consulting services in Oil & Gas financing, Construction and Agriculture.
After his retirement, he served on the Board of Lagos State University (LASU).
He was appointed as the Chairman of Board of Directors of NPA in August 2016
He is happily married and blessed with children and grandchildren.