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Folorunso Alakija
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Folorunso Alakija
Chief Folorunso Alakija (ⓘ; born 15 July 1951) is a Nigerian businesswoman and philanthropist. She is the group managing director of the Rose of Sharon Group and executive vice chairman of Famfa Oil Limited.
Alakija was born into a middle-class family in Nigeria on 15 July 1951. Her father, Chief L.A. Ogbara, had 8 wives and 52 children, and Folorunso's mother was his first. She is from the Yoruba ethnicity of south-western Nigeria.
At the young age, Folorunso Alakija travelled to the United Kingdom, where she began her primary education at Dinorben School for Girls in Wales before later returning to Nigeria for her secondary schooling.
She later returned to the United Kingdom for further studies in secretarial administration at Pitman Central College, London, and subsequently pursued training in fashion design at institutions in London.
Biographical accounts consistently describe her early education as beginning in the United Kingdom during childhood, a period which preceded her return to Nigeria for secondary education at Muslim High School, Sagamu.
In 1974, Alakija began working as an executive secretary at Sijuade Enterprises in Lagos. She later held positions at the First National Bank of Chicago and the International Merchant Bank of Nigeria.
Alakija then studied fashion design at the American College in London and the Central School of Fashion. She started a fashion label called Supreme Stitches, renamed in 1996 as the Rose of Sharon House of Fashion. She served as the president of the Fashion Designers Association of Nigeria (FADAN) and remains a trustee of the organization.
In May 1993, Alakija applied for the allocation of an oil prospecting license (OPL). The license to explore for oil on a 617,000-acre block, about 100 km offshore of Nigeria, in the Agbami Field, was granted to her company, Famfa Limited. In September 1996, Alakija entered into a joint venture agreement with Star Deep Water Petroleum Limited, transferring a 40 percent stake to Star Deep. After they struck oil, the Nigerian government claimed a 40% stake, followed by an additional 10%. The Nigerian government subsequently sought to acquire a 50% interest in the block; Alakija contested this acquisition in court and the Supreme Court ruled in her favor in 2012.
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Folorunso Alakija
Chief Folorunso Alakija (ⓘ; born 15 July 1951) is a Nigerian businesswoman and philanthropist. She is the group managing director of the Rose of Sharon Group and executive vice chairman of Famfa Oil Limited.
Alakija was born into a middle-class family in Nigeria on 15 July 1951. Her father, Chief L.A. Ogbara, had 8 wives and 52 children, and Folorunso's mother was his first. She is from the Yoruba ethnicity of south-western Nigeria.
At the young age, Folorunso Alakija travelled to the United Kingdom, where she began her primary education at Dinorben School for Girls in Wales before later returning to Nigeria for her secondary schooling.
She later returned to the United Kingdom for further studies in secretarial administration at Pitman Central College, London, and subsequently pursued training in fashion design at institutions in London.
Biographical accounts consistently describe her early education as beginning in the United Kingdom during childhood, a period which preceded her return to Nigeria for secondary education at Muslim High School, Sagamu.
In 1974, Alakija began working as an executive secretary at Sijuade Enterprises in Lagos. She later held positions at the First National Bank of Chicago and the International Merchant Bank of Nigeria.
Alakija then studied fashion design at the American College in London and the Central School of Fashion. She started a fashion label called Supreme Stitches, renamed in 1996 as the Rose of Sharon House of Fashion. She served as the president of the Fashion Designers Association of Nigeria (FADAN) and remains a trustee of the organization.
In May 1993, Alakija applied for the allocation of an oil prospecting license (OPL). The license to explore for oil on a 617,000-acre block, about 100 km offshore of Nigeria, in the Agbami Field, was granted to her company, Famfa Limited. In September 1996, Alakija entered into a joint venture agreement with Star Deep Water Petroleum Limited, transferring a 40 percent stake to Star Deep. After they struck oil, the Nigerian government claimed a 40% stake, followed by an additional 10%. The Nigerian government subsequently sought to acquire a 50% interest in the block; Alakija contested this acquisition in court and the Supreme Court ruled in her favor in 2012.
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