Dr. Olufemi Lalude serves as the Chairman of MBO Capital Management Limited and is responsible for offering guidance, support, expertise and an objective perspective to the Board on the key matters of strategy, operational management, organisational structure and development, commercial and financial affairs, and risk management.

He has a distinguished history of directorships and consulting leadership of various major companies, largely in the petrochemical and engineering sections. He has been a Director of Addax Petroleum & Petrodata Management Services and is Chairman of Crestech Engineering. Dr. Lalude was formerly employed at Shell, beginning with Shell Nigeria (SPDC) in 1970, where he rose to become the Head of the Engineering Technical Services. He moved on to Shell International and led the Worldwide Engineering Liaison and Advisory Group, before moving once again to Shell Nigeria and taking charge of all engineering strategic planning and professional development of engineering staff. He was appointed Director and General Manager of the Western Division of SPDC in 1989 and oversaw the highly active exploration and production activities including technical planning and programme execution along with financial planning and investment.