Nestoil Limited, Nigeria’s leading Oil and Gas Engineering Procurement, Construction and Commissioning (EPCC) Company has announced the appointment of Obinna Ufudo as Executive Director Operations.

Obinna Ufudo, a seasoned financial services and corporate management professional joins Nestoil with over 2 decades experience across multiple industries. He has held senior level positions in Trading, Investments, General Management and Financial Advisory capacities.

He 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.

A British Chevening Scholar, Mr. Ufudo 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 alumni of the Wharton School, University of Pennsylvania and Fellow of the Chartered Institute of Bankers of Nigeria.


Nestoil’s Group Managing Director Dr. Ernest Obiejesi said “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”.

About Nestoil

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 continues to redefine industry standards in Pipeline Construction, Repairs and Maintenance with associated facilities for Dredging, River Crossing and Shoreline Protection.