Folorunso Alakija

We are excited to celebrate with Folorunsho Alakija as she becomes the richest black woman in the world. -(

– Folorunsho Alakija started her career in 1974 as an executive secretary at Sijuade Enterprises, Lagos, Nigeria. She moved on to the former First National Bank of Chicago, now acquired by FCMB (First City Monument Bank) where she worked for some years before establishing a tailoring company called Supreme Stitches, which she used in promoting the Nigerian culture through fashion and style.

In May 1993, Folorunsho applied for the 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) and was granted to Alakija’s company, Famfa Limited…
Although Alakija battled with the Nigerian Government in court for 12 years over issues concerning the oil business, her biggest break came from winning.

On 9 March 2016, Nigeria had its first female chancellor as she became the chancellor of Osun State University..

Alakija is a passionate supporter of Education in Nigeria, supporting orphans with scholarship grants as well as widows with business grants. The 68 year old is proudly sitting on a net worth of over a billion dollars.