No Photo Available

Last Update

2016-07-09T00:00:00.000Z

This profile was last updated on .

Is this you? Claim your profile.

Wrong Modupe Alakija?

Mr. Modupe Alakija

Chairman

Famfa Oil

Get ZoomInfo Grow

+ Get 10 Free Contacts a Month

Please agree to the terms and conditions

I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Grow 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

Background Information

Affiliations

Board Member
Sharon Foundation

Web References (76 Total References)


Alakija is the founder and ...

personaladvisory.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.

...
Also 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.


7. Folorunsho Alakija - Alakija ...

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.


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.


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.


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.

Similar Profiles

Other People with this Name

Other people with the name Alakija

Laura Alakija
Sterling Partnership

Pauline Alakija
University of Calgary

Joseph Alakija
Minnesota Department of Commerce

Clea Alakija
Oscar Knight Ltd

Sarah Alakija
Wonga.com

City Directory Icon

Browse ZoomInfo's Business Contact Directory by City

People Directory Icon

Browse ZoomInfo's
Business People Directory

Company Directory Icon

Browse ZoomInfo's
Advanced Company Directory