The former Council of the University was sacked mid last year following crisis in the University.
Education Minister, Mallam Adamu Adamu announced the appointments in a statement made available to DAILY POST on Wednesday.
He said the new Governing Council would serve for a term of four years, in the first instance, with effect from December 28, 2016.
Other members of the OAU Council are Prof. Felix U. Madubuike, Mr. Inowei Akono, Mr. Adekunle Sanni and Muhammad Bello Kaoje.
He had his secondary education at the Ibadan Boys High School and later went to the University of Ibadan where he studied English Literature. He then went to New York University for his Masters degree.
Together with notable scholars like Kole Omotosho, Biodun Jeyifo, Wole Soyinka, Mr. Ogunbiyi was part of the Drama and Literature Department of the University of Ife, later renamed Obafemi Awolowo University by military regime of General Ibrahim Babangida.
He then served as an Executive Director of The Guardian Newspapers in Charge of Public Affairs and Marketing. He also served as a Member of Global Advisory Board of Repro India Limited.
According to his profile published by Bloomberg, Ogunbiyi was a Lecturer at Brooklyn College in the United States after his university education.
He returned to Nigeria in the late 1970s and taught at the University of Ife. He has written a few books on African Literature and also edited the book, “Drama and Theatre in Nigeria: A Critical Source Book” which is a comprehensive work on Nigerian drama.