Richest #fashion #designer in Nigeria #Folorunsho_Alakija

Folorunsho Alakija , Born 1951
Ikorodu, Lagos State
Residence : Lagos,
Nationality: Nigeria
Occupation: Business tycoon
Known for Philanthropy

Net worthUS$2.5 billion(2012)

Religion: Christian
Spouse(s): Modupe Alakija (m. 1976)
Children: 4

Folorunsho Alakija is a business woman from Nigeria.
She was born in 1951 to the family of Chief L. A. Ogbara in Ikorodu,
Lagos State.
She is a business tycoon involved in the fashion,oil and
printingindustries. She is the group managing & printing director of
The Rose of Sharon Group which consists of The Rose of Sharon Prints &
Promotions Limited and Digital Reality Prints Limited and the
executive vice-chairman of Famfa Oil Limited.
Alakija is ranked by Forbesas the richest woman in Nigeria with an
estimated net worthof $2.5 billion As of 2014, she is listed as the
96th most powerful woman in the world by Forbes.

At age seven, Alakija traveled to the United Kingdom to begin a
four-year primary education at Dinorben School for Girls in Hafodunos
Hall in Llangernyw, Wales.
After returning to Nigeria, she attended Muslim High School Sagamu
Ogun State, Nigeria. Afterwards, she returned abroad for her
secretarial studies at Pitman's Central College, London. She also
studied fashion design at the American College, London and the Central
School of Fashion.
In November 1976, she married a lawyer, Modupe Alakija.
They reside in Lagos, Nigeria with their four sons.

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
FinBanknow acquired by FCMB (First City Monument Bank), where she
worked for some years before establishing a tailoring company called
Supreme Stitches.
It rose to prominence and fame within a few years, and as Rose of
Sharon House of Fashion, became a household name.

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.

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—now referred to
as OPL 216—was granted to Alakija's company, Famfa Limited. The block
is located approximately 220 miles south east of Lagos and 70 miles
offshore of Nigeria in the Agbami Fieldof the central Niger Delta. In
September 1996, she entered into a joint venture agreement with Star
Deep Water Petroleum Limited (a wholly owned subsidiary of Texaco) and
appointed the company as a technical adviser for the exploration of
the license, transferring 40 percent of her 100 percent stake to Star
Deep. Subsequently, Star Deep sold off 8 percent of its stake in OPL
216 to Petrobras, a Brazilian company.
As of 2014, she is listed as the 96th most powerful woman in the world
by Forbes.