Folorunsho Alakija

About Folorunsho Alakija

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 has partnered with Chevron.

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.