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December 08, 2012

How I Made My Billions - Mrs Folorunsho Alakija, World's Richest Black Woman


A Nigerian billionaire oil tycoon, Fashion designer and philanthropist who is worth at least $3.3 billion, 61-year-old Folorunsho Alakija, was born into a wealthy, polygamous Nigerian family.

In the early 80s, Alakija quit her job and went on to study Fashion design in England, returning to Nigeria shortly afterwards to start Supreme Stitches, a premium Nigerian fashion label, selling high-end Nigerian clothing to fashionable wives of military bigwigs and society women.


Oil Prospecting License
In May 1993 Alakija applied for an allocation of an Oil Prospecting License (OPL). The license to explore for oil on a 617,000 acre block - (now referred to as OPL 216) was granted to Alakija’s company, Famfa Limited. The block is located approximately 220 miles South East of Lagos and 70 miles offshore Nigeria in the central Niger Delta.

Alakija was intelligent! She had no expertise or experience in running an oil field, but she decided not to sell off her license. In September 1996, she entered into a joint venture agreement with Star Deep Water Petroleum Limited (a wholly-owned subsidiary of Texaco) and appointed the company as a technical adviser for the exploration of the license, transferring 40 percent of her 100 percent stake to Star Deep.

Till date, Folorunsho Alakija and her family owned 60 percent.

12 comments:

  1. Iya keep the flag flying jare, you are too much. A yoruba woman making us proud internationally! We love you...*kisses*.....Eniola

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  2. Eniola na sense you no get. you proud of her have she ever give you kobo take of 1 naira???? what is the need of been the africa Richest woman while her country people are living poor, suffering F**K her 100 times....Mr. No Name say so

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  3. Don't hate the woman ooo!free her abeg mr no name.
    She be govt ni&na her luck be dat
    Nevertheless I get u,u want her to emulate oprah winfrey......

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  4. She made money from Nigeria Oil Block, and how was she given the oil block at the first place, differently by corruption.

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  5. A combination of luck andd destiny!

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  6. She made her money in Nigeria yet we r still to see how she is helping d poor. How did she get d oil block? By mesmerizing those unintelligent hausa fools in power with her fashion sense?
    Abeg second base jare!

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  7. Ashawo bastard.How did she get d oil block?May be with her smelling toto.God will punish all these bastard who are exploiting d country while d majority are suffering.Oloshi buruku.

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    Replies
    1. True talk Sgt.You are very correct.

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    2. Am sure all of u dat r critisizing this beautiful mother r rilly having a brain malfinction which needs to be checked....whether she does for the poor or not...it does not concern u..all we know s thatvshe is a philanthropist..all u haters get LOST!!!!!!

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  8. Mr. Wetin de nde call you. Your own dont spoit .Why you dey look for people to join you .Bad belly they na dey do good for your family .Instead of you to be happy for her you sit down they cry .

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  9. She nor carry d money go when she kpame? She must leave am behind! See as age don dey finish am! All these shit na vainity!

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  10. Damn!! Haters to many. First off, she does not owe anyone of you guys any money. If you want to b angry direct it to d govt n the ppl running it. No matter how she got her money, she hussled for it and thus she deserves it. Jus becos wuna no get her kinder money you are mad at her and callin her a prostitute. Well even if she used her legs to get her money atleast it worked. If e pain you make u go open your own leg make we see how much you go get. Pls stop been ignorant. Rather than just assuming things try some research and investigation b4 u persecute her. P.s. she can do what-so-ever she pleases with her money, she doesn't have to share it around. Stop complaining n Work hard and b smart may be you gon b rich too one day.

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