folorunsho alakija foundation

The fact that she had no experience or expertise in the oil business did not deter her. The disclosure came in a statement released on her Twitter account. Billionaire businesswoman, Mrs. Folorunso Alakija, on Thursday told an Ikeja High Court how one Vincent Ayewah, an employee of her Rose of Sharon Foundation, allegedly defrauded her … She's the Executive Vice Chairman of Famfa Oil Limited (oil exploration and production company). Now, Famfa Oil Limited is a top earning Nigerian oil company with Chevron and Petrobras as its partners. Alakija has donated a skills acquisition center to Yaba College of Technology, a higher educational institution located in Lagos. Her desire to help people, to meet the needs of others, and to see people succeed inspired her to create the Rose of Sharon foundation. Mrs Alakija, who is regarded as one of the richest black women in the world, founded the interdenominational ministry in 2004. The Rose of Sharon Foundation (RoSF) is an NGO focused on alleviating the plight of widows and orphans. To get in touch, please email info@theroseofsharonfoundation.org or call +2347013901147. She is 68 years as of 2019 August 20th. — Folorunso Alakija (@alakijaofficial) November 9, 2020. But today, the business has grown from just a fashion business to the Rose of Sharon Group. Mrs Alakija, who is regarded as one of the richest black women in the world, founded the interdenominational ministry in 2004. Africa is home to men and women whose success and wealth rival those of developed nations. Back in the days, the Ogbaras, late Chief Ogbara and his wives, were involved in the textile industry. Interestingly, the oil baroness previously had little plans to go into the oil and gas industry as she had been looking out for government contracts. Alakija was raised in a Muslim polygamous home, surrounded by 52 siblings and seven stepmothers. ... Obasanjo stated this at the 2016 Tony Elumelu Foundation Entrepreneurship Forum. The fashion icon’s leap into the oil and gas sector was an unprecedented move. Folorunsho Alakija house. The 67-year-old Mogul is the Group Managing director of the Rose of Sharon Group and the Executive Chairman of Famfa Oil Limited. Folorunsho married a lawyer, Modupe Alakija … She recognized the need for a fashionable yet wholly Nigerian/African look and took full advantage of the opportunity. In 1970, she travelled back to the U.K and got her degree in secretarial studies from Pitman’s Central College, London. The Rose of Sharon Foundation (ROSF) is a private, voluntary, non-profit, faith based, non-governmental Organisation based in Lagos state, Nigeria. Success Story Of Prince Arthur EzeTweetEmail TweetEmailThere are globally accepted principles of wealth creation irrespective of geographic location, background and other factors, principles such as; personal motivation, a drive to create value, integrity, courage,... How a Zimbabwean Electrical Engineer Made Over $1 Billion DollarsTweetEmail TweetEmailAttaining success in anything, while admirable, is not only just a product of hard work, but largely to a great, consistency. At first, Folorunsho Alakija’s wish was to study law, but at that time, very few fathers were willing to fund their female child’s university education. Billionaire businesswoman, Mrs. Folorunso Alakija, on Thursday told an Ikeja High Court how one Vincent Ayewah, an employee of her Rose of Sharon Foundation, allegedly defrauded her of N3m. Our mission statement includes easing the burdens of existence for widows and orphans, which we do … A year later, the application was approved, and OPL 216 changed to OML 127. Folorunsho Alakija and her siblings were taught to open up the shops early, handle customers properly, and manage to also manage the business’ finances. Launched on the 23rd of May 2008, The Rose Of Sharon Foundation was established to provide support for widows and orphans. As a woman with an empire diversified in fashion, print, real estate and oil & gas, her resilience to fight and persist until she attained success is an inspiration to many people around the world. In obedience to the word of … The vision of the charity Organisation is to help widows and orphans through scholarships and business grants. Especially for a person transitioning from one career to another. Her foundation has changed the lives of thousands of people in many ways. Backed by her family, she went into battle with the Nigerian government. The family resides in Lagos and her children are involved in the family businesses. The disclosure came in a statement released on her Twitter account. Folorunsho Alakija is vice chair of Famfa Oil, a Nigerian oil exploration company with a stake in Agbami Oilfield, a prolific offshore asset. About. An offer of remuneration was never on the table. It was Big Brother Naija season 5 winner, Laycon’s birthday on the 8th of November and his party was star studded. While there is more than one Folorunsho Alakija house in Lagos, her main residence is in Ikoyi. The money was donated to cushion the effect of the coronavirus pandemic on the beneficiaries. Folorunsho Alakija is a Nigerian businesswoman, one of the richest African women and also one of the richest black women in the world. Mrs. Folorunso Alakija is a dynamic Nigerian businesswoman and philanthropist. see #5 billion worth of Nigeria richest woman mansion folorunsho alakija (interior and exterior) With a burning desire to help the less privileged and needy in society, I joined the Busy Bees Women’s Society in 1993 through an invitation by Mrs. Modupe Sagoe, catering for many homeless children roaming the streets. She is on the Advisory board of the Center for African Studies, Harvard. Alakija was 86th on the list. As at April 2011, there have been six empowerment programmes in Lagos State, Oyo State, Ogun State and Enugu State in Nigeria and spreading steadily Nationwide, provided support through empowerment, interest free loans and … The most prominent member of the wider Alakija family is Folorunsho‘s nephew, Rotimi Alakija, better known by his stage name of DJ Xclusive. While powerful and rich Nigerians with oil blocs’ allocations turned over their OPLs to foreign companies, Alakija kept hers. How A Former Nigerian Farm Boy Built A Remarkable Military, Political, & Business CareerTweetEmail TweetEmailNo genuine success comes without a price. She is an acclaimed public speaker, a writer, and has also authored several inspirational books. Billionaire businesswoman, Mrs. Folorunso Alakija, on Thursday told an Ikeja High Court how one Vincent Ayewah, an employee of her Rose of Sharon Foundation, allegedly defrauded her of … 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. One of her clients was the former first lady, Maryam Babangida. Aside from her many business ventures, Folorunso is also known for her philanthropic work through Rose of Sharon Foundation which she started in May of 2008. Folorunsho has a foundation called the Rose of Sharon Foundation that helps widows and orphans through scholarships and business grants. The industrialist also owns a foundation called the Rose of Sharon Foundation that helps widows and orphans through scholarships and business grants. In May 2012, the Supreme courts returned what was rightfully hers. You can also fill out our contact form. Her friend wasn’t interested in oil production, but Alakija saw it’s potential. She has established The Rose of Sharon Foundation to empower orphans and widows through sustained opportunities. Notify me of follow-up comments by email. See Also: The Top 10 Richest People of All Time in History. Then it clicked. Folorunsho Alakija Oil Business. See Also: How This Economist Made A Fortune Of Over $1.4 Billion Dollars In Nigeria. See Also: How A Poor African Farm Boy Built A Business Worth Over $100 Million Dollars. It is interesting to know that Mrs Folorunsho also has a foundation called the Rose of Sharon Foundation. She not only created a $2 billion enterprise but has crafted a legacy that will last for generations. But Folorunsho Alakija was a woman of power and strength. The vision of the charity Organisation is to help widows and orphans through scholarships and business grants. Supreme Stitches became the place where one could get monogrammed or screen written wears. These areas are choosing resulting from their observed impacts on national development as they help to build a complete man. Born 15 July 1951 (age 68) Ikorodu, Lagos State, Nigeria Protectorate. By then Folorunsho Alakija net worth was already in millions of dollars thanks to her fashion business. Although they had the right amount of textile machines, Folorunsho Alakija was smart enough to know that the costs would cut into her profits. Unsatisfied with 40% percent shares, it forcefully acquired another 10% stake. Discipline, hard work and dedication must be paid in full, and the life of every truly successful individual tells the full... How This Former Nigerian Accountant Built A Remarkably Success Corporate CareerTweetEmail TweetEmailWhat is the ultimate key to success? Her dedication to the Nigerian fashion industry earned her the presidential seat at the Fashion Designers Association of Nigerian. I made you a billionaire, Obasanjo tells Folorunsho Alakija. Three years later, (September 1996), Alakija led her company into a joint venture contract with Star Deep Water Petroleum Limited. She also appointed the company as a technical adviser on license exploration matters. Recognised as one of the champions of African Entrepreneurship, she was named Chief Matron of the Africa’s Young Entrepreneurs (AYE) NGO. Folorunsho Alakija Family. Growing up in an entrepreneurial home informed Folorunsho Alakija’s character. In 2014, she was named the richest woman from an African descent, a position that was previously occupied by Opera Winfrey. The witness, a staff of the Economic and Financial Crimes Commission, Mr. Ganiu Ajisafe, explained to the Court how the first accuse, Vincent Ayewah connived with his siblings and friends to defraud a foundation, Rose of Sharon Foundation, owned by a business tycoon, Mrs. Folorunsho Alakija… Folorunsho was born on 15 July 1951 to the family of Chief L. A. Ogbara in Ikorodu, Lagos State. When she was 7 years old, Folorunsho traveled to the United Kingdom for her primary school education. Unfortunately, the... How A Former Nigerian Military Personnel Built a Multi-Million Dollar BusinessTweetEmail TweetEmailThe road to success is never an easy path. Dear Mrs Folorunsho Alakija, HILE Foundation is an initiative aim to “build tomorrow’s leaders today” by educating youths on issues related to their Health,Information and Technology,Law,Economics and Finance. In 2002, the name Supreme Stitches was changed to Rose of Sharon House of Fashion. In the process, positively influencing the economic and social lives of people within and outside their nations. That enterprise was unlike any other tailoring business. Everything she and her family had worked for, all their sacrifices and investments were snatched up. Professional Business Plans For Your Success, View startuptipsdaily’s profile on Facebook, View startuptipdaily’s profile on Twitter, View startuptipsdaily’s profile on Instagram, View 112684232616485826000’s profile on Google+, How This Nigerian Fashion Designer Made Over $2.1 Billion US Dollars, Still Looking For Funds? After that, she returned to Nigeria for her secondary school education at the Muslim High school in Sagamu, Ogun state. Her designs were so unique and creative that she won the contest and instantly became a sensation. Folorunsho Alakija was born on 15 July 1951 in Ikorodu, Lagos State. On October 30, 2016 1:41 am In News by vanguard. VISIT: http://theroseofsharonfoundation.org/ FOR MORE INFORMATION. The couple currently live in Lagos, Nigeria with their four sons and multiple grandchildren. And while many others migrated to seek better opportunities, they saw Africa’s potential and chose instead to remain. In May 1993, Alakija’s new company, Famfa Oil Limited applied for the allocation of oil prospecting license (OPL). Just as the business started out, Folorunsho Alakija joined a fashion design competition. Alakija has succeeded in building her empire, marriage, and raising upstanding kids. The idea and opportunity came about when a friend of hers asked her to make inquiries about the crude oil lifting business on her behalf. A day after donating N1 billion for the fight against coronavirus in Nigeria, billionaire businesswoman Folorunsho Alakija has donated N25,000 to each of her foundation's registered widows and orphans in the six geopolitical zones in the country. In 2003, Famfa applied for a conversion from an Oil prospecting license to an oil mining license (OML). Folorunsho Alakija gives back to the society through her foundation, Rose of Sharon Foundation. It is interesting to know that Mrs Folorunsho also has a foundation called the Rose of Sharon Foundation. In attendance was sensational singer Davido, Forbes billionaire oil magnate, Folorunsho Alakija, and other Big Brother Naija stars. For 12 years, she fought back against her oppressors in and out of courts. Dear Mrs Folorunsho Alakija, HILE Foundation is an initiative aim to “build tomorrow’s leaders today” by educating youths on issues related to their Health,Information and Technology,Law,Economics and Finance. The industrialist also owns a foundation called the Rose of Sharon Foundation that helps widows and orphans through scholarships and business grants. 467. Famfa Oil's partners include Chevron and Petrobras. Still fully active in the business world, she is involved in the management and strategic planning of her oil and real estate companies, Famfa Limited and Dayspring Property Development Company Limited. These women and men of power have thrived in a continent that has long struggled with poverty, corruption, and degradation. Since the businesswoman has ties in the construction business, her name is attached to many building projects, but none of them is as outstanding as the Folorunsho Alakija … Whenever Folorunsho Alakija was home for the holidays, she would wake up very early and head to her mother’s fashion shop. In March, Folorunsho Alakija and Modupe, her husband, announced a donation of N1 billion to support the fight against coronavirus. Social classes wearing her brand $ 4 billion US Dollars: the richest woman an. Polygamous home, surrounded by 52 siblings and seven stepmothers high-end clothes for wealthy successful. 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