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This profile was last updated on 9/19/14  and contains information from public web pages.

Mr. Modupe Alakija

Wrong Modupe Alakija?

Executive Chairman

Famfa Oil
 
Background

Board Memberships and Affiliations

10 Total References
Web References
MR. MODUPE ...
www.theroseofsharonfoundation.org, 19 Sept 2014 [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.
Alakija is the founder and ...
www.ghanareview.com, 5 Dec 2012 [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. lso a fashion designer and philanthropist, Alakija is married and has four grown sons, as well as one grandchild. She owns at least $100 million in real estate and $46 million private jet, Ventures Africa reported.
Born into a wealthy Nigerian family, Alakija started out as a secretary in the mid 1970s at the now defunct International Merchant Bank of Nigeria.Several years later, she quit her job and moved to London, where she studied fashion design. She later returned to Nigeria and launched her
...
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
...
sold to Alakija.
The Nigerian government was successful and Alakija lost control of all but
...
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 $46 million.
Alakija displaces Winfrey as ...
www.srilankannews.net, 4 Dec 2012 [cached]
Alakija displaces Winfrey as richest black woman
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Contrary to a recent Forbes Magazine ranking which pegs her net worth at only $600 million, Alakija is reportedly worth at least $3.3 billion, or roughly $500 million more than Oprah's $2.7 billion net worth, Ventures Africa reported.
...
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, Alakija is also a fashion designer and philanthropist.
She owns at least $100 million in real estate and $46 million private jet, Ventures Africa reported.
Born into a wealthy Nigerian family, Alakija started out as a secretary in the mid 1970s at the now defunct International Merchant Bank of Nigeria.
In the early 1980s she quit her job to study fashion design in London. On return to Nigeria, she launched her fashion line, Supreme Stitches, which caters to upscale, high-society women.
While 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.
...
This discovery led the Nigerian government in stages to forcefully re-acquire half of the oil-rich block it had sold to Alakija.
In the process Alakija lost control of all but 10 per cent of her oil company until 2012, when Nigeria's highest court reversed the government's actions.
Technically, Alakija's 60 per cent stake in OML's $10.74 billion oil well is estimated to be worth $6.44 billion. OML 30 currently produces 35,000 barrels of oil per day
With Alakija now back in control of 60 per cent of the oil company, her net worth has shot up to $3.3 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, and earlier this year a Bombardier Global Express 6000 jet for $46 million.
Alakija is the founder and ...
www.ghanareview.com [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. lso a fashion designer and philanthropist, Alakija is married and has four grown sons, as well as one grandchild. She owns at least $100 million in real estate and $46 million private jet, Ventures Africa reported.
...
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
...
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
...
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 $46 million.
Alakija is the founder and ...
afrikanpost.com, 13 Dec 2012 [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. lso a fashion designer and philanthropist, Alakija is married and has four grown sons, as well as one grandchild. She owns at least $100 million in real estate and $46 million private jet, Ventures Africa reported. Born into a wealthy Nigerian family, Alakija started out as a secretary in the mid 1970s at the now defunct International Merchant Bank of Nigeria.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 $46 million.
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