Mutiu Sunmonu appointed as Chairman, Board of Directors of Petralon Energy Limited

Mutiu Sunmonu appointed as Chairman, Board of Directors of Petralon Energy Limited

…Aigboje Aig-Imoukhuede appointed as Non-Executive Director

Petralon Energy is pleased to announce the appointment of Mutiu Sunmonu and Aigboje Aig-Imoukhuede as Chairman and Non-Executive Director (respectively) to The Board of Directors of Petralon Energy Limited.

 Mr. Sunmonu is the former Managing Director of Shell Petroleum Development Company of Nigeria (SPDC) & Country Chairman of Shell Companies in Nigeria with an oil & gas career spanning over 36 years in Nigeria, United Kingdom and the Netherlands. He was the pioneer responsible for mobilizing the private sector to set up the National Business Council for Sustainable Development (NBCSD) and currently serves on the board of various organizations across multiple sectors of the economy including Real Estate, Construction, Oil & Gas and Education.

 Mr. Sunmonu is the recipient of many awards including; Sustainability Champion (2014 SERA Awards) and Commander of The Order of The Niger (CON). He is a Fellow of the Nigeria Society of Engineers (FNSE)  and a board member of Imperial Homes (Formerly GT Homes), and Julius Berger Nigeria.

 Mr. Aig-Imoukhuede is the Founder and Chairman of Coronation Capital - a private equity and propriety investment firm targeting the financial services, digital technology, upstream oil & gas and real estate sectors in Sub-Saharan Africa, operating out of Mauritius. 

He is President of the National Council of the Nigerian Stock Exchange and Chairman of Wapic Insurance Group, an emerging West African Underwriter. He also serves on the Board of the Africa Finance Corporation. Mr Aig-Imoukhuede has had a long and successful career in the banking industry at both Guaranty Trust Bank Plc where he rose to Executive Director and Access Bank where he led the Access Bank transformation team. His leadership witnessed the transformation of the institution into one of the largest Banks in Nigeria.  

Mr. Aig-Imoukhuede is the recipient of several awards and National Honours including African Banker of the Year (African Banker), West African Entrepreneur of the Year (Ernst & Young) and Commander of the Order of the Niger (CON).

 Commenting on his appointment, Mr. Sunmonu said, “I am honored to serve on the board of an indigenous oil and gas company dedicated to global best practice. I look forward to working with the Petralon board and management team as they work towards their vision of collective energy and value for all.”

Mr. Aig-Imoukhuede also commented: “I am excited by this opportunity to play a role in building a world class leading indigenous E&P company. I am looking forward to contributing to Petralon’s continued success with a focus on delivering tangible results.”

 Ahonsi Unuigbe, Founder & CEO of Petralon Energy, added: “’Mutiu’s 36 years of extensive experience in the oil and gas sector will add a valuable perspective to our Board of Directors. We appreciate his willingness to serve as the Chairman and look forward to benefitting from his counsel.

We are equally pleased about Aigboje’s appointment and the decades of experience he brings to bear. We have no doubt that the board can draw on his vast experience in building successful businesses from start-ups, will provide tremendous benefits to the board and the organisation as a whole.”

 Petralon Energy is an indigenous exploration and production company in Nigeria with regional expansion plans across Africa.  The Company, which has already raised over $50million to fund its immediate growth plans, is set up to acquire, develop, and operate assets in the oil and gas sector.