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Wrong Modupe Alakija?

Modupe Alakija

Chairman

Famfa Oil Limited

Email: m***@***.com

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Famfa Oil Limited

Nigeria

Company Description

The company, Famfa Limited was incorporated in September 1991. Famfa was awarded the leasehold rights to OPL 216 on August 10, 1993. In February 1996, the name was changed to Famfa Oil Limited with the vision to be the leading indigineous oil and gas explorati...more

Background Information

Employment History

Group Managing Director

The Rose


Affiliations

Sharon Foundation

Board Member


Web References(15 Total References)


Rose of Sharon Foundation - Our Board

www.theroseofsharonfoundation.org [cached]

MR. MODUPE ALAKIJA
• Mr. Modupe Alakija is a lawyer, administrator and successful businessman. • Mr. Alakija is also a family man, swimmer and philanthropist. • He is also the Executive Chairman, Famfa Oil Limited, and Chairman, Board of Trustees, The Rose of Sharon Foundation. Modupe is dedicated to addressing the plight of the underpriviledged.


richest_women_in_the_world_by_region

www.billionairemailinglist.com [cached]

7. Folorunsho Alakija - Alakija is a business tycoon from Africa involved in fashion, oil and printing industries.
Of her many posts, she is the group managing director of The Rose of Sharon Group and the executive vice-chairman of Famfa Oil Limited. The net value of her empire is $1.2 billion. She was born in 1951 to the family of Chief L. A. Ogbara in Ikorodu, Lagos State. In November 1976, she married a lawyer, Modupe Alakija.


Who is the wealthiest black women of them all? | Black Economics

blackeconomics.co.uk [cached]

Alakija is the founder and owner of Famfa Oil, which owns a 60 per cent interest in OML 127, an offshore oil field that produces roughly 200,000 barrels of oil per day and is worth an estimated $6.44 billion.
Several years later, she quit her job and moved to London, where she studied fashion design. She later returned to Nigeria and launched her fashion line, Supreme Stitches, which caters to upscale, high-society women. While she was building her name as a fashion designer, Alakija in 1993 applied for an Oil Prospecting License - an expensive permit that allows for oil exploration in a specified area. The Nigerian government granted her request and allocated a 617,000-acre block of land to Alakija for oil exploration - but she knew nothing about finding and extracting oil. So in September of 1996, she appointed Star Deep Water Petroleum Limited - a subsidiary of Texaco - to act as a technical adviser for her business. In 2000, Star Deep Petroleum determined that Alakija's land contained an excess of one billion barrels of oil. When this was discovered, the Nigerian government tried to re-acquire half of the oil-rich block it had sold to Alakija. The Nigerian government was successful and Alakija lost control of all but 10 percent of her oil company until 2012, when Nigeria's highest court reversed the government's actions. With Alakija now back in control of 60 percent of the oil company, her net worth has shot up to $3.2 billion, an estimate that Ventures Africa calls extremely conservative. Alakija's sons now run Famfa Oil and her husband, Modupe Alakija, is the chairman of the company. She recently purchased a $102 million property at One Hyde Park in London, as well as a Bombardier Global Express 6000 jet, which she bought earlier this year for


Africa's Richest 5

africanbusinessmagazine.com [cached]

Alakija is the founder and owner of Famfa Oil, which owns a 60% interest in OML 127, an offshore oil field that produces around 200,000 barrels of oil per day, worth an estimated $6.44bn.
She owns at least $100m in real estate and has a $46m private jet. She started her career as a secretary and then fashion designer, selling high-end clothing to prominent Nigerians such as Maryam Babangida, wife of the then president. In 1993, Alakija applied for an allocation of an Oil Prospecting Licence (OPL), which was granted to her company, Famfa Limited. She had no expertise or experience in running an oil field, but she decided not to sell off her licence as many others did. In 1996, she entered into a joint venture agreement with Star Deep Water Petroleum Limited (a subsidiary of Texaco) and appointed it as a technical adviser, transferring 40% of her 100% stake. In 2012 she won a seven-year legal battle with the government to retain her 60% stake in one of Nigeria's most prolific oil blocks. Modupe Alakija, her husband, is the chairman of Famfa Oil. Her four sons run the company.


Society | TheCitizen - Nigeria's Leading Online Newspaper

thecitizenng.com [cached]

Not only that, her marriage to Mr. Modupe Alakija will clock 40 years.
Meanwhile, the Vice Chairman of Famfa Oil and gospel preacher ...


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