Mrs. Folorunso Alakija is a dynamic Nigerian businesswoman and philanthropist. Folorunsho Alakija Christian Life. Her fashion house “Supreme Stitches” rose to prominence almost immediately, and rebranded as “Rose of Sharon House of Fashion”, which laterbecame a household name. Please act like you received a University education, even if you never got one, for the sake of those here who find uneducated and unintelligent responses offending. She worked there for about 18 months before going into the banking industry. See the complete profile on LinkedIn and discover Folorunsho’s connections and jobs at similar companies. 2. Educated in Europe, she first embarked on a career in office administration, then she went into banking where she remained, until she took a leap of faith and followed her heart and creative … The Bombardier Global Express XRS worths around 46 million dollars (~₦16.7 billion). We later launched a one year promotional raffle to appreciate our loyal liens with a star prize of a car.​, Digital Reality Print Limited commenced its operation in September 2006 as a large format printing outfit. We have also donated 21 chest clinics for the treatment of tuberculosis (TB) in 21 different states in Nigeria and 21 science laboratories in 21 different states (including 9 in the Niger Delta region and Lagos State). The recoverable reserves for the field would later be appraised to rank amongst the largest single finds in deep water West Africa. The couple currently live in Lagos, Nigeria with their four sons and multiple grandchildren. Her second corporate job was at the former First National Bank of Chicago now known as First City Monument Bank (FCMB). The Government of the day saw fit to forcefully “take” 50% of our company’s participating interest, but on the 22nd of May, 2012, after 12 long years in the law courts, Famfa’s shares were restored having gone through years of prayers and fasting. Folorunsho Alakija is the second richest African woman and the third richest woman of African descent in the world. I started my corporate career as a Secretary with Sijuade Enterprises at the prestigious Western House, Broad Street, Lagos shortly after completing a Secretarial Course at Pitman’s Central College London. Visit CAC or write and inquire about the corporate filing for Famfa and tell them what you need to know. Nigerian female billionaire, Folorunsho Alakija has narrated how an oil block which was unwanted by other companies was allocated to her and how it turned out to be an uplifting for her. Folorunsho Alakija is vice chair of Famfa Oil, a Nigerian oil exploration company with a stake in Agbami Oilfield, a prolific offshore asset. Apostle Folorunso Alakija is a dynamic businesswoman and philanthropist with a sincere desire to help the needy. Her first business was a tailoring company. She has stated that she is very passionate about helping widows and orphans. From Famfa’s application for an oil licence in January 1991, it took 17 years to reach ‘first oil’ where production commenced from its 17 million year deposit ( A very risky venture that later paid off). In collaboration with Texaco Nigeria Ltd (later taken over by Chevron Nigeria Ltd), it commenced full operations in 1996. Folorunsho has 1 job listed on their profile. The company expanded into highly technical digital large format printing and also included a direct imaging paper printing press to coincide with her 60th birthday in July 2011. Folorunso Alakija (MRS) is a Nigerian entrepreneur and managing director of The Rose of Sharon Group. Good Contents Are Everywhere, But Here, We Deliver The Best of The Best.Please Hold on! Dayspring Property Development Company is a real estate company. Folorunsho Alakija is a name every person in Nigeria, Africa, and possibly the world is familiar with. I later joined The First National Bank Of Chicago (today known as Finbank PLC) as the Executive Secretary to the Managing Director. Folorunsho Alakija is Africa’s richest woman, with a net worth of $7.3 billion. Pray for It” – (A  series of three books containing a collection of her favorite scriptures for Husbands, Wives, and Parents) and her latest book for single men and women, “Window Shop for your Spouse” (A practical guide for choosing the best spouse). Folorunsho Alakija Net Worth. Mrs. Folorunsho (or Folorunso) Alakija is a Nigerian businesswoman and Nigeria's first female billionaire with a net worth of $2.5 billion (March 2014). She is the Executive Vice Chairman of Famfa Oil Limited (oil exploration and production company) and also Group Managing Director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited. She lives in Lagos, Nigeria with Modupe Alakija her beloved husband of over four decades, including four sons with their spouses and grandchildren. She is vice-chair of her company Famfa Oil. Mrs. Alakija is Nigeria’s first female billionaire and the founder of Famfa Oil, a Nigerian company that owns a substantial participating interest in OML 127. Her oil company has shares in Agbami Oilfield, a very popular offshore company. Folorunsho Alakija house Folorunsho Alakija net worth 2018 Today, Folorunsho Alakija is one Nigeria's billionaires and one of the wealthiest people in the world. Folorunsho Alakija cars and private jet 4.1. They are dedicated to … Values: Quality Services, Creativity and Innovation, Employee Empowerment and Development. Good Contents Are Everywhere, But Here, We Deliver The Best of The Best.Please Hold on. Folorunsho is very much into philanthropic work. Alakija accords all glory to God for all her achievements. Folorunsho Alakija’s company is also a huge sponsor of the Agbami medical & engineering scholarships scheme. She's the Executive Vice Chairman of Famfa Oil Limited (oil exploration and production company). The vision of the charity Organisation is to help widows and orphans through scholarships and business grants. She is a devout Christian with an evangelical calling. A born again Christian since 1991, she draws her strength from her unfaltering belief in the, In obedience to the word of God and working according to His will and purpose, Folorunso and her husband founded a house fellowship which has grown to become a full-fledged Christian Ministry known as, She has authored several books including, “, (A collection of Mrs. Alakija’s Speeches), “Folorunso Alakija Speaks -An Inspirational Book for All”. More than one thousand people benefit from this scholarship scheme every year. The exploratory well was 4,700 feet under water, the deepest water depth in Nigeria at the time. A true family business with Mr Modupe Alakija (my husband) as its Chairman, I, the Executive Chairman and my four sons the Executive Directors. Mrs Alakija doesn’t like to show off her enormous wealth, but she still enjoys the benefits of being one of the richest people in Africa. She accepts many invitations to speak and is acclaimed, nationally and internationally, in recognition of all her philanthropic work and endeavours. As an indigenous company, Famfa Oil made its first application for an oil exploration and production licence in 1991. She sits atop Famfa Oil, a Nigerian oil company that owns a 60-percent stake in OML 127, one of Nigeria’s most prolific oil blocks located at Nigerian offshore Agbami deepwater field. His mother, who is number 80 on Forbes magazine’s global Power Women list, overtook Oprah Winfrey as the richest woman of African descent at the time Naza’s mother went bankrupt. Mrs. Alakija oversees her businesses and philanthropic enterprises working tirelessly and with boundless energy. Mrs. Folorunso Alakija is a dynamic businesswoman and philanthropist with a sincere desire to help the needy. Ever the entrepreneur, Mrs. Alakija has set up related businesses: The Rose of Sharon Prints & Promotions which specialized in monogramming, heat/picture transfer and screen printing for promotional and gift items later metamorphosed into Digitalreality Print Ltd. She oversees the Rose of Sharon Group as the Group Managing Director and is also the Executive Vice Chairman of her family’s oil exploration and production business, FAMFA Oil Limited, seeing to its strategic planning and day to day administration. I had a wonderful career spanning 12 years in the banking world. When reflecting on her achievements, Folorunso’s foremost reaction is always to give glory to God through Jesus Christ and to share the secrets of her success. The most prominent member of the wider Alakija family is Folorunsho‘s nephew, Rotimi Alakija, better known by his stage name of DJ Xclusive. For the present day, Folorunsho Alakija gains her income being engaged in many industries and occupying high positions. Famfa Oil's partners include Chevron and Petrobras. The drilling of the first Agbami well commenced on my birthday on the 15th of July, 1998. In 2001, We started mass-producing tee-shirts and thus changed its name to The Rose of Sharon Prints and Promotions. This is among the biggest scholarship schemes in Nigeria. Shortly after my career in the corporate world, I took up a new challenge driven by my passion for Fashion to study fashion design at The American College in London and the Central School of Fashion. FOLORUNSO Alakija is a Vice Chairman of Famfa Oil Limited, a Nigerian Oil exploration company with a stake in Agbami Oilfield. In 2014, the Dayspring Property Development Company that Folorunsho Alakija, one of Africa’s richest women Chairs completed their flagship mixed use development in Victoria Island, Rose of Sharon Tower. Folorunsho Alakija is a happy wife, mother of four sons, and grandmother. Folorunsho Alakija has played an important role in educating the masses in Nigeria. See Also: Manufacturing Business Ideas You Can Start On A Small Scale. Legit.ng recalls that Ibidunni died on Sunday, June 14. Folorunsho Alakija private jet. Ever the entrepreneur, Mrs. Alakija has set up related businesses: The Rose of Sharon Prints & Promotions which specialized in monogramming, heat/picture transfer and screen printing for promotional and gift items later metamorphosed into, When reflecting on her achievements, Folorunso’s foremost reaction is always to give glory to God through Jesus Christ and to share the secrets of her success. Her wealth comes from her company, Famfa Oil. a dynamic businesswoman and philanthropist with a sincere desire to help the needy. Folorunsho Alakija is vice chair of Famfa Oil, a Nigerian oil exploration company with a stake in Agbami Oilfield, a prolific offshore asset and the richest woman in Nigeria with an estimated net worth of $1B (N363,000,000,000 or N363 billion), according to Forbes. Famfa Oil Ltd was founded in 1993. 4. Mission: A sustainable brand that is best-in-class for everything within the space of printing. A fashion icon with an infallible sense of style, friend indeed, a loving wife, a mother and doting grandmother. She follows her evangelical calling with unbridled devotion, hoping to inspire the public, most especially the youth and women from all walks of life by sharing her values and her motto: “whatever is worth doing at all is worth doing well” through motivational talks and speeches. She is involved in … Read her words below. In collaboration with Texaco Nigeria Ltd (later taken over by Chevron Nigeria Ltd), it commenced full operations in 1996. The company’s oil field, OML 127 is said to produce 200 000 barrels daily. She was born in Ikorodu, Lagos in 1951 to the first wife of Chief LA Ogbara, the head of a Muslim family noted for their financial supremacy. To the Glory of God The God that made all this possible, who gives without adding sorrow, also used Famfa and its Agbami partners to give scholarships to almost 9,000 medical and engineering students nationwide. She has authored several books including, “Alone with God” (a free annual Christiandevotional), “University of Marriage” (A guide for married couple), “Growing with the Hand that Gives the Rose” (her autobiography), “The Cry of Widows and Orphans” (a sensitization material on the plights of widows and orphans), “His Name Is….” (A collection of over 3000 names of God), “Folorunso Alakija Speaks -An Inspirational Book for All” (A collection of Mrs. Alakija’s Speeches), “Folorunso Alakija Speaks -An Inspirational  Book for Christians” (A collection of the author’s Ministrations), “Wish for it? Mrs Folorunsho (or Folorunso) Alakija is a Nigerian businesswoman and Nigeria’s first female billionaire with a net worth of $2.5 billion. Naza’s background is in sharp contrast to that of her husband, who is the youngest of four sons of billionaires Modupe and Folorunsho Alakija, and studied geography at Imperial College London. In addition to these, Folorunso is the Executive Vice Chairman of Dayspring Property Development Company Limited, a real estate company. In obedience to the word of God and working according to His will and purpose, Folorunso and her husband founded a house fellowship which has grown to become a full-fledged Christian Ministry known as the Rose of Sharon Glorious Ministry International. Folorunsho Alakija got her first job at Sijuade Enterprises in Lagos where she was a confidential secretary (1974). While there is more than one Educated in Europe, she first embarked on a career in office administration, then she went into banking where she remained, until she took a leap of faith and followed her heart and creative calling to establish her own business in the Nigerian fashion industry. Therefore, we switched to monogramming on readymade shirts, towels, bed sheets, Uniforms, table cloths and the like. It is interesting to know that Mrs Folorunsho also has a foundation called the Rose of Sharon Foundation. As an indigenous company, Famfa Oil made its first application for an oil exploration and production licence in 1991. Folorunsho Alakija is a Nigerian businesswoman, a pastor, one of the richest black women in the world, and a devout Christian. With diligence and hard work, I became the new Head of the Corporate Affairs Department of the International Merchant Bank of Nigeria (Formerly First National Bank of Chicago) and subsequently, rose to the position of an Office Assistant to the Treasury Department. View Folorunsho Alakija’s profile on LinkedIn, the world's largest professional community. In 1993 Folorunsho joined the oil business and has been growing her wealth ever since. Expensive as it may sound, it didn't leave a dent in her fortune. A fashion icon with an infallible sense of style, friend indeed, a loving wife, a mother and doting grandmother. With a sincere desire to give to those in need in the name of the Lord, her philanthropic endeavours, such as the Rose of Sharon Foundation, continues to influence her native land positively by empowering widows and their families, as well as orphans, to be successful through educational programmes and scholarships. She has 8 Honorary Degree Awards from universities in Nigeria and the United States of America, she is also the first female Chancellor of a Public University in Africa. OML 127 is an offshore oil-field and Folorunso Alakija owns 60% shares in this company. Her fashion house “Supreme Stitches” rose to prominence almost immediately, and rebranded as “Rose of Sharon House of Fashion”, which later, As National President and lifelong Trustee of the Fashion Designers Association of Nigeria (FADAN), she left an indelible mark, promoting Nigerian culture through fashion and style. Handling a project bed sheets, Uniforms, table cloths and the third richest woman African. 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