Lekan Akinyanmi

Non-Executive Director at AIICO Insurance

Olalekan (“Lekan”) is the founder and Chief Executive Officer of LEKOIL Limited, an Africa focused Oil exploration and production company. Since inception, he has led the company through an IPO and subsequent fundraises of over $200 million on the London Stock Exchange’s AIM market. This funded LEKOIL’s farm-in to OPL 310 and the subsequent discovery of the Ogo field – one of the world’s largest in 2013 with estimated gross resources of 774mmboe. In September 2015 LEKOIL achieved “first oil” on its Otakikpo Marginal Field, just 9 months after commencing operations and currently producing at 6000bpd. In October 2015 the Company announced its acquisition of a controlling interest in OPL 325. Lekan has over 20 years’ experience in the oil and gas industry and was the International Energy Sector Head at AllianceBernstein L.P. in New York (Global asset manager with over $400 Billion under management) with direct responsibility for a $1Billion Energy and Natural Resource Portfolio. Prior to that he was a member of the #1 institutional investor-ranked team of analysts covering the oilfield services industry as an Associate Director at UBS Investment Research. Lekan has held Engineering and operational roles within Schlumberger in a career that spanned Nigeria, Egypt, Pakistan, Oman and Scotland.

Lekan graduated from the Obafemi Awolowo University in Nigeria with a Bachelor of Science Degree in Electronic and Electrical Engineering and also holds. He was recently appointed Non-Executive Director of AIICO Insurance Plc.

Timeline

  • Non-Executive Director

    Current role