Folorunso Alakija New NetWorth (2019) - GistOnlinesNg

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NetWorth: $1.1B

Details In View: 
  • Folorunsho Alakija is vice chair of Famfa Oil, a Nigerian oil exploration company with a stake in Agbami Oilfield, a prolific offshore asset.
  • Famfa Oil's partners include Chevron and Petrobras.
  • Alakija's first company was a fashion label whose customers included the wife of former Nigerian president Ibrahim Babangida.
  • The Nigerian government awarded Alakija's company an oil prospecting license in 1993, which was later converted to an oil mining lease.
  • The Agbami field has been operating since 2008; Famfa Oil says it will likely operate through 2024.


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