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Nigerian Billionaire Oil Tycoon, Folorunsho Alakija replaces Oprah Winfrey as the World’s Richest Black Woman – Ventures Africa



Ever since her mention in the recent Forbes Africa feature as one of the richest women in Africa, Nigerian billionaire oil tycoon, Fashion designer and philanthropist, Folorunsho Alakija has captured the attention of many as someone to watch out for. Now, another online publication, Ventures Africa has ranked her as the World’s Richest Black Woman. According to the report, she has ousted Oprah Winfrey from the position.

Ventures Africa claims that contrary to  the Forbes Magazine ranking which pegs her net worth at only $600 million, Alakija is actually worth at least $3.3 billion. She earned most of her wealth from the oil and gas sector.

Alakija, 61, started out her professional career in the mid 70s as a secretary at the now defunct International Merchant Bank of Nigeria, one of the country’s earliest investment banks. In the early 80s, she quit her job and went on to study Fashion design in England, returning to Nigeria shortly afterwards to start Supreme Stitches, a premium Nigerian fashion label which catered exclusively to upscale clientele.

In May 1993 Alakija applied for an 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. 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 Petrobas, a Brazilian company. Folorunsho Alakija and her family owned 60 percent.

The Ventures Africa report also claimed that Alakija has a real estate portfolio worth over $100 million. Earlier this year, Nigerian and British media announced that Alakija acquired a property at One Hyde Park for $102 million.

She owns a Bombardier Global Express 6000 which she bought earlier this year for a reported $46 million. She is the founder of the Rose of Sharon foundation, a Christian-based charity which gives out small grants to widows.

Alakija is married to Modupe Alakija and they have four grown-up sons together. She also has a grandchild from her first son. Modupe Alakija, her husband is the Chairman of Famfa Oil. Her sons run the company.

Here’s her recent interview on CNN’s African Voices where she talks about her success, her new book and more.

Adeola Adeyemo is a graduate of Industrial Relations and Personnel Management from University of Lagos. However, her passion is writing and she worked as a reporter with NEXT Newspaper. She believes that anything can be written about; anything can be a story depending on the angle it is seen from and the writer's imagination. When she is not writing news or feature articles, she slips into her fantasies and creates interesting fiction pieces. She blogs at


  1. Slim

    December 5, 2012 at 6:05 am

    This woman is a huge role model,love you ma

    • sly136

      December 6, 2012 at 3:26 am

      Check the video at the 1.43 mark. The narrator refers to her as a man. “Now in HIS sixties…”

  2. Linda

    December 5, 2012 at 6:17 am

    Thank you M’ma, for simply tryin your best at what you know best.

  3. The Truth

    December 5, 2012 at 6:18 am

    So this is true. Thought it was a bogus claim when I saw it on Yeoal’s Blog. (

    Wow!! And she is even married. To those people who believe a woman can’t be stinkingly rich and keep their marriage;this is a good example that it can happen.
    Ladies don’t allow anyone stop from being ambitious in the name of you won’t get a husband.

    • nicholetter

      December 5, 2012 at 6:57 am

      just pray you have a good husband cos if you dont you will not even of reaching any level when you are married

    • Yracey

      December 5, 2012 at 11:40 am

      It is true my dear, it is only a good husband that allow you reach for the stars!

  4. yulo

    December 5, 2012 at 6:35 am

    Lucky woman…She got her oil block when she became friends with and was designing for Maryam Babanginda…She has indeed turned it to something bigger.

  5. faith

    December 5, 2012 at 6:56 am

    Wow so inspired….dis just gingered my moral…lol….thanks bn

  6. LollyDee

    December 5, 2012 at 6:59 am

    Wow! This is very inspiring!

  7. Proudly the Devil's Advocate

    December 5, 2012 at 7:07 am

    I’m not convinced that she’s the richest black woman in the world. Why did Ventures Africa wait until Forbes Africa named her one of Africa’s richest women before conducing their research? Surely her title as the World’s Richest Woman would have been apparent to the world long before.

  8. raffy

    December 5, 2012 at 7:11 am

    @ The Truth,she was already married b4 her success rolled in…wat you should say,is a man who embodies you.. Dat way,dere shall be hiccups bt in d long haul he will STILL support you.
    God who did dis 4 her,shall remember me In Jesus Name,Amen..

  9. Seline

    December 5, 2012 at 7:16 am

    Secretary,banker, fashion designer, oil tycoon……..madam! We are Nigerians o

  10. gimmer

    December 5, 2012 at 7:40 am

    hahha.there is more to this story than meets the eye. let’s save it for another day tho. no she didn’t beat Oprah. Oprah is worth $2 Billion

    • partyrider

      December 5, 2012 at 11:26 am

      and if you read the post you would know she is worth $3.3billion which is above oprah

  11. Monica

    December 5, 2012 at 7:40 am

    I’m just a bit confused because I always thought that the wealth came from her husband

  12. Angel

    December 5, 2012 at 7:59 am

    Good. Now maybe she can open schools and help Africa and we can keep our money in the U.S where it belongs.

    • Joan

      December 5, 2012 at 2:57 pm

      I have some choice words for you but I will try to be polite here “…and we can keep our money in the US where it belongs.”
      SMH. I am trying to be very polite here. People from YOUR U.S. voluntarily bring YOUR money to Africa (as you are lamenting on BN, I’m trying to comprehend what part of that money you are talking about is YOURS, because those that bring YOUR money to Africa do not even bother to comment because they are busy making a difference in the world).
      So my dear, it is not ‘OUR money’, you no hold shishi!!! Just celebrate a woman’s achievements and move on.
      Congratulations, Mrs Alakija…:)

    • Jull

      January 15, 2013 at 7:55 pm

      As an African American, I think you’re sentence would have been better off if it stopped at “…and help Africa.”- because what follows is just pure ridiculousness. The U.S. doesn’t give any aid to anyone unless its getting something way more profitable in return. Let’s just rejoice in the fact that this woman has wealth and pray that she uses it for the good of her people.

  13. Anita...

    December 5, 2012 at 7:59 am

    I cant tell you how inspired i am…..I never knew she was a business mogul.thought she was just another Lagos socialite.Im glad i now have a woman i can look up to in Nigeria as regards business.This is a classic example that as a woman you can achieve all ur dreams and still have a family.

  14. Ada

    December 5, 2012 at 8:23 am

    Hmmm, it is mighty serious when you have surpassed Oprah oh! Visit my blog and comment guys!

  15. kay

    December 5, 2012 at 8:36 am

    we did it again. ITS NAIJA. #gbam

  16. Chester

    December 5, 2012 at 8:37 am

    Oprah ran a talk show for years, made movies,has a book club,magazines, has her own network. And yet Mrs Alajika is now richer than her? Okay!

  17. Tiey Rex (I like JoBen)

    December 5, 2012 at 8:42 am

    LOL! Naija o! Is it not oil block that she got for being Maryam Babangida’s tailor? Which oil prospecting license? Msscheeew! Abegi! I guess that is how some people say thank you! She is just a public example of the rampant corruption in this country.

    • pynk

      December 5, 2012 at 11:39 am

      She came out after Maryam Babangida died. I am just saying!

    • Mssexy

      December 5, 2012 at 5:58 pm

      i beg let them be celebrating mediocrity
      someone just scattered her hyped venture LIB now

    • Mark King

      December 23, 2012 at 1:42 am

      Why are people so morally bankrupt on the issue of famfa oil / Alakija… ? “how could a single company (read INDIVIDUAL), without any significant investment, just be entitled to six percent of the entire national daily production?” The oil of the land is a natural resources and consequently belongs to the people of Nigeria and the government should have the right to claw back 50% of this ill gotten gains.

  18. faithlife

    December 5, 2012 at 8:45 am

    wow!!! i’m inspired

  19. Bimby

    December 5, 2012 at 8:54 am

    @The Truth, I agree with u. In the same vain, its about our men been supportive of their women’s ambitions, aspirations and goals. So many ambitious women have had had their dreams killed by unsupportive husbands. The men reading this should equally learn to allow their wives live out their dreams and fulfill their destinies. I can bet this woman got her oil bloc in marriage. I give kudos to her hubby for been supportive. Mrs Alakija, is truly a role model.

  20. sofy

    December 5, 2012 at 9:02 am

    Such a role model

  21. biting fingers

    December 5, 2012 at 9:45 am

    yeekpa i sat down near ds woman at an entrepreneural workshop ooo. i cld have gotten a good mentor in her.

    • Bleed blue

      December 5, 2012 at 12:46 pm

      You mess yasef oh. Kai!

    • Lola

      December 5, 2012 at 3:51 pm


  22. OLA

    December 5, 2012 at 9:49 am

    OMG… too much money o….more news and gist here at

  23. xty

    December 5, 2012 at 9:58 am

    am right behind you……

  24. Luv her

    December 5, 2012 at 10:01 am

    You rock Ma! Simples! I wanna be like you when I grow up!

  25. oluwaseun

    December 5, 2012 at 10:18 am

    WOW!!!!! I’m so inspired.My colleague jus said she should plssssssssss adopt her #bigsmile#

  26. missy

    December 5, 2012 at 10:43 am

    if it was a man people would scream corruption….

  27. Olufunmi

    December 5, 2012 at 10:44 am

    Richer than Oprah… she try (y)

  28. Damie

    December 5, 2012 at 11:00 am

    LOL. From designer to oil magnate. What happened between fashion school and when she applied for the oil license in 1993? Huge space there. Be getting inspired by corruption and blatant disregard for due process and merit.

  29. Lois

    December 5, 2012 at 11:38 am

    She’s an example of a woman who has her husband’s trust. People who knows them, business and reasons knows that her husband allowed her to take the spotlight becase he’s simply not the loud person. He owns the business and she has a reasonable amount od shares in it. That’s all. Few things I have learnt. 1) Love endlessly, 2) make use of all opportunities like she did with late Maryam Babangida 3)pray for favour to be married to the appropriate person. With that, you have all

    • IfeD

      December 5, 2012 at 3:16 pm

      Spot on!!!

  30. Edith

    December 5, 2012 at 11:52 am

    Hilarious. Nigerians are SO gullible.

  31. Idak

    December 5, 2012 at 12:09 pm

    Slightly bemused at how folks just get inspired so easily.
    What is there to be inspired? That a tailor got an oil block from her client and is presently milking the oil and producing cash? I struggle to see the inspiration from that story.
    I’ll rather be inspired by the founder of this site. A young lady who saw a need, exploited the need to create a platform that is fun, empowering and profitable at the same time. She and her partners might not be billionaires but i see an inspiring story there what emulating.
    Keep these oil barons and their ‘God given’ wealth far from me.

    • Concerned Native

      December 5, 2012 at 3:13 pm

      I so concur, people dont know the real story behind her wealth, maryam babaginda helped her, infact she didnt work hard for it, she just made use of the opportunity to know woman like maryam. Now if her wealth came from her fashion designing then you can be inspired, but it didnt. But in anyways congrats to her.

  32. efe

    December 5, 2012 at 12:38 pm

    ‎​A̶̲̥̅♏ inspired.she ȋ̝̊̅§ indeed a̶̲̥̅ role model τ̲̅ǿ every,I quene into dis billions n jesus name.bravo

  33. efe

    December 5, 2012 at 12:43 pm

    ‎​A̶̲̥̅♏ inspired

  34. facingbook

    December 5, 2012 at 12:59 pm

    Getting rich on Naija’s resources. making money through a source where the host communities are living in penury.The riverine people have had their rivers and means of livelihood(fishing) destroyed through oil activities,yet this one is making billions.Oprah worked hard and walked her way up.This one got an oil block from Maryam Babaginda because she was her tailor and friend.Okay na. While we are appluading her pls, let us trace the source of her wealth…

  35. [email protected]

    December 5, 2012 at 2:29 pm

    O SHAT AP!!Oprah built her empire from scratch with no help or huge bribe/gift as a platform. How convenient in order to enter record by force they said net worth was 600m but because naija like to be first they raise the worth 3.3 bill (undocumented)…whatever!

  36. [email protected]

    December 5, 2012 at 2:38 pm

    I see some folks saying ohhh an inspiring woman, a mentor and all rah rah rah rah..o please! its not her hard work but God. Pray that the same God that favored her in the sight of Babangida that gave her the acre of oil land should place u at the right place and favor you also like that..thats my prayer Amen

  37. wise foo

    December 5, 2012 at 2:43 pm

    The nature of some of these comments are the reason why Nigerian politicians steal, and our country is so corrupt. Nothing was said about her skill as a business woman. She is a “role model” because she is rich. How sad.

    Oprah on the othter hand, has touched lives, and built her business legitimately.

    Most people just worship money! People dont pray to gain skills and wisdom, just money. So sad.

  38. cassandra onwualu

    December 5, 2012 at 2:47 pm

    Oprah is known for her philantropy. Is Mrs. Alakija involved in community building and social responsibility? If not, then it means absolutely nothing that she is wealthier than Oprah.

    PS: I’m not implying that Oprah is a saint, but there’s a lot to be said about wealthy people who understand the importance of givng back

  39. helen

    December 5, 2012 at 2:49 pm

    Certainly she is blessed in all aspect of her dear,,we shd jst try 2 work hard nd focus on our goalls.we bk bless GOD.

  40. Queen

    December 5, 2012 at 2:51 pm


  41. T Baba aka On My Way to Gidi for Holidays

    December 5, 2012 at 2:52 pm

    If I get this right, She was given an Oil Block from a Corrupt head of States Wife??? Which amounts to 70% of this wonderful ladies wealth, An oil block that was stolen from the people to benefit her pocket…

    And we celebrate this???? O_o

    • Fan

      December 5, 2012 at 3:10 pm

      You know sey for naija… it not the how that matters… it is the result. “na person wey them catch be thief”… That is motto of our dear nation when it comes to corruption.

  42. YANKEE

    December 5, 2012 at 3:06 pm

    I was going to call BS at first but then I had to think again this is oil we are talking about, I see no reason why Russian OIL billionaires, Brazilian OIL billionaires, Saudi OIL Billionaires can be counted and not Nigeria’s own. Money is Money. When Forbes estimates net-worth they do it by Quantifying assets and shares. If Danjuma sold his Oil Block and made 500 million – which was on the low side of what its worth, SURELY Alakija’s assets can easily hit a billion or two maybe even more- so I don’t doubt it. Money is Money, No one asks Russian billionaire Vagit Alekperov owner of LUKOIL his relationship with former PM Vladimir Putin – who gave him Oil contracts, No one doubts Silvio berlusconi family networth even though he was fined 1.2 blllion in corruption cases. Whether she was given Oil block or not means nothing plenty of business people are given Oil contracts, FEW actually take it to the next level. Stop talking of what she was given 20 yrs ago! its getting kinda OLD.

  43. YANKEE

    December 5, 2012 at 3:15 pm

    @TRUTH The difference is Alakija’s husband could have been the recipient of the Oil Block- he has million of dollars worth of business,comes from a well known wealthy family. He let his wife go about her business I respect him very much for letting her do so. No on wants to wife a women like Oprah. I’m sure Alakija wanted to give the contract to her husband to perform (like alot of naija women) but he instead let her chair and own it (unlike alot of naija guys). I’m a guy BTW I can never stand in the way of my wife’s success.

  44. Abi

    December 5, 2012 at 3:37 pm

    There two schools of thoughts to argue this lady’s wealth.

    The first is that she was diligent with her work as a fashion designer and her diligence led her to the state house. She remained diligent in her work and outstanding in her work ( please note that she was not the only fashion designer designing for the presidency at the time as there must have been designers from all over the world) and she was rewarded by a departing first lady.
    The other side of the story is that a corrupt leader and misappropriation of national wealth, a military government gave out a major oil block to a fashion designer who had little or no experience in the industry. A military government that chose to favour individuals rather than Nigeria the general populace it claimed it was there to protect its interest.
    Looking this single story from this two primary angles to this story…. i ask myself the following questions

    1. Did her hard work get her to the presidency?
    2. What quality did she posses that led her to becoming the favourable one?
    3. Was the presidency right in allocating the asset to her?
    4. Will I refuse a gift of that side?
    5. How well have she done with this asset?
    6. What has she given back to a country that was so generous to her?

    i will allow you be the judge

  45. Lucy

    December 5, 2012 at 3:48 pm

    Finally, I see my people talking with sense. Let all thsoe who fawn over blood money hide their faces in shame. It gives me a lot of joy to read people thinking straight, and picking holes. There is a little faith in Nigeria that we don’t all worship money. I want to see a Nigeria of hard workers, who struggle despite one of the harshest economic conditions in the world, and make a success of it. Anyone’s money tied to any government’s era, dem Dangote, Otedola, Alakija, Bello Osagie, and their ilk, are not the types we need in this country or to be inspired by, because their source of wealth is linked to the pain, suffering and tears of the people. We need people like Oprah, Mark Zuckerberg, Bill Gates, Wareen Buffet, Steve Jobs, their businesses were not just built from scratch, without any favours handed to them by their connections with government, but these busineesses have a huge impact not just in America but globally. Not money earned and pocketed within a few. Who has heard of Famfa oil, how many employees does it have. When all these thieves pass on, will their business survive them the way Apple and Microsoft will, and continue to make developments that benefit humanity, and not just their families. Lets be careful what we celebrate, so we dont share in their Divine Judgement.

  46. RIP Enebeli

    December 5, 2012 at 4:35 pm

    Sad that she is even richer than IBB himself,I just wonder what and how he is regretting now.I still don’t believe she is richer than Oprah,may be because gives all that she has…I wish her well sha,atleast she is dragging our name in a postive light.I prefer corruption than wanthom killing by Boko Haram..atleast one day we shall all get there

    • Ada di ora

      December 6, 2012 at 5:16 am

      Now this is the biggest joke ever!!! You really must not know his worth AT ALL!!!

  47. Love

    December 5, 2012 at 4:52 pm

    Let me tell you now, only a few people in Nigeria actually have true material wealth. The majority have their money stained with blood and the sweat and tears of the poor and helpless. Prov. 24:1 says “Don’t envy wicked people, or desire their company.” And remember Psa 37:16 says “Better the little that the righteous have than the wealth of many wicked.” Be careful about what you admire and celebrate! We will all stand before the Judgement seat of Christ to account for our deeds.

  48. Thatgidigirl

    December 5, 2012 at 5:53 pm

    Idak n the rest, I AM INSPIRED !!!! You choose to see as a tale of corruption, i see it as a result of focus, hardwork and persistence. If she had remained a secretary without pushing herself past her comfort zone and pursuing her dreams as a fashion designer, do you think she would have met Maryam Babangida? She did not stumble upon the oil block, she worked hard and she deserves it. Did Maryam Babangida give all her tailors and everyone that worked for her an oil block????? She must have seen the zeal, and ambition in this woman, and she did not disappoint either. Its one thing for some one to teach you how to fish, not only did she preserve her fish, she improved on her fishing skills. Please take several self righteous seats!!!!!

    • Nwachidinma

      December 5, 2012 at 9:27 pm

      God bless you. Don’t mind those bloody hypocrites. She is an inspiration to all especially now whereby women are constant in battle over gender issues. Our society is so rotten that people are dropping their pants at the drop of a dime. Before you know it is been justified as a woman using her God given assets to eat. Instead Mrs. Alakija has proven that you can achieve greatness without stooping so low. Shame on you all. It’s because she is a black African and a Nigerian. If is it was a foreigner, the public response would have been different. Her success proves that God blesses people according to his will and their efforts.

    • Love

      December 5, 2012 at 10:03 pm

      The fact is this: the oil block belongs to Nigeria and not the president or first lady! It is highly likely that there was favoritism, and I doubt that due process was followed in its entirety. There are many other Nigerians like Mrs. Alakija (e.g. Bola Sagaya, Funso Kupolokun & other oil oligarchs) who have benefitted from a very corrupt system. I tell you, corruption & materialism have got to be the main principalities that bedevil Nigeria. I will not celebrate corruption or mediocrity, but will stand for integrity & equity. So help me God. Amen.

  49. MsSexy

    December 5, 2012 at 6:20 pm

    Let them be celebrating mediocrity
    Money that belongs to all of u ending in one woman’s pockets and u are inspired *eyes rolling*
    RIP Enebeli she’s not and can never be richer than Babangida but he cannot be celebrate like this because he was a maximum ruler with maximum thievery and U & I know international community wl never celebrate such fellow, I expected her to do much than Oprah if she’s truly richer than her, Oprah has a school for girls in south Africa that’s not her country, solely sponsored by her and all girls boarded and care for for free, Oprah buy cars and make people, she turns poor household to happy family, I cannot continue to count how many and many more she’s still doing, this Xmas alone some people are going to be car owners and brand new o
    Madam Alafia how many people have u touched wt all these stolen money? This money belong to all Nigerians, people like Enebeli shd be alive today of our hospitals are good, @ least he wld have received prompt attention in a good hospital but NO
    Enjoy ur money and when trumpet sounds, carry go wt you – N154M a day????? Whadafuck and people r dying of hunger, small businesses r collapsing Lord have mercy *sobbing*

    • Nwachidinma

      December 5, 2012 at 10:52 pm

      MsSexy tomorrow you will see her and greet her well and kneel down at the drop … and start the praises* Mummy, adupke ma, eshe ma!* Abeg make i hear word. (Excuse my Yoruba)

  50. Zimbalicious

    December 5, 2012 at 8:54 pm

    ummmm…..So how does one “bump” into one of her sons then? Thats all i need, then i’ll take it from there…..Nway i dont see the inspiration here, she didnt work hard for anything so i dont think there’s anything praise worthy here.

  51. Temi

    December 5, 2012 at 9:27 pm

    CABAL! That is all that came to mind when I read this post!
    Well done on being richer than Oprah, but so what? What have you done with your riches?

  52. Up naija

    December 5, 2012 at 10:13 pm

    I can never celebrate this woman and please Bella naija stop insulting our intelligence
    What has inspired u in this matter?
    This woman was given ur birthright on a platter of nothing just because of lousy connection
    This money belong to us all, if she makes N154N a day, that means she can conveniently give each Nigerian more than N1,000 per day without blinking
    Greedy womannnnn, carry d money go heaven
    Hospitals r rotten and smelling and u could hold ur head and say ‘am a Nigerian’
    Am ashamed to say d least
    Peace out

  53. despy

    December 5, 2012 at 10:36 pm

    There is nothing to celebrate here! Absolutely nothing. Just imagine Michelle Obama allocating an oil well to one of her fashion designers, because of her dilligence! Seriously.

  54. Wendy

    December 5, 2012 at 11:05 pm


  55. Up naija

    December 5, 2012 at 11:30 pm

    I’ll forgive Bella naija cause her story is under ‘career’ not ‘inspired’ as there’s diff btw d 2, obvious she has not inspired u people so no qualms
    But madam think about how many people r dying daily due to mosquito bites caused by malaria cause of darkness, people dying n droves due to bad roads and how many children cannot afford to go to school due to no capacity, ur rose of sharon foundation, what r they founding? As v never felt their impact even on that Adeniran Ogunsanya where d building is – oh pls
    Ur 1 day return alone wl fix our electricity problem up to 50% n this country, has anybody noticed all the other African countries r getting supports and grants from abroad and we are not, I’ll give u examples:
    Germany just partnered wt South Africa to upgrade their roads for the next 10 years – these r good roads o;
    Britain just partnered wt Ghana to build d largest electricity supply in that country
    Malawi and Botswana just got a mega funds support from UK to boost the 2 countries
    Pls wetin we see for naija? Of course those people r no fools, they know only person can wipe d poverty n Nigeria with their ill gotten wealth
    Owambe and show offs that’s all we like, celebrating us n d newspapers and tv is our yardstick for measuring how good we v arrived – how many staff does this woman have n her femfas oil ( I have never even heard that name before until recently) much respect for Adenuga, Dangote and d well meaning ones putting food on d tables of millions of Nigerians, madam pls take several back seats, am not tapping into any anointing that’ll make me miss heaven – chikena

  56. Quest for Solution

    December 6, 2012 at 12:13 am

    There is truth in all the comments. What we ask now is that she will use that money to benefit the suffering people in Nigeria.

  57. opedollar

    December 6, 2012 at 1:16 am

    Ohhhhhhhhhhhhhhhh. God!
    Keep quiet! Keeeeep quiet haaa?
    Ok pls abeg let me talk. LOL
    So many comments abt “not inspiring”, “corrupt money” & “Oprah is richer”.
    I accept. You are all correct.
    But 1st, what would you do if you were in Aso Rock in her shoes? Let’s be honest! Joseph in the bible interpreted a clumsy dream and became “small pharaoh” after few minutes of using his talent.
    2ndly, we all “deeply” wish to be talked about as well for succeeding beyond measure! Stop deceiving yourself! Money is part of your happiness and worth (for those shouting ‘integrity’)
    Finally, nobody is talking about how difficult it is to get “divine connection” to Aso Rock, the sacrifices she made-in a Northern zone of politics of those times, the hard choices she needed to make – the difficulty of squeezing family and business together just for God to answer their prayer! Abi if na you President wan bless, you go refuse the gift?
    Now think about it, swallow it, digest it, before you argue blindly. #argue.till.tomorrow

  58. Dipo

    December 6, 2012 at 1:28 am

    200 million mumus are inspired. What a country! Filled with stupid people who can’t see beyond their noses. All they see is money and they are inspired. Perpetually celebrating mediocrity and favouritism while intelligent and hardworking people suffer. Terribly ashamed to be Nigerian not because of our evil leaders but because of you 200 million mumus who get inspired by people enslaving you and your generations to come.

    • Tejiri

      September 20, 2013 at 6:04 pm

      Spot on Dipo! Nigerians are too obsessed with money- nobody cares how the money is made but that the person has moNey is enough for sycophantic worship. Truth is the oil wealth belongs to all NIGERIANS but becos of the thieving, greedy, evil leaders we have unfortunately being shackled with, who do nothing but steal our resources and share to friends, family and cronies leaving the vast majority of the citizens in penury. The revolution is surely coming when these thieves will all be swept away one of these days. Just wait! The end for them is near!

  59. NNENNE

    December 6, 2012 at 4:21 am

    @ Joan…Thanks so much for not letting that one pass you by! They need to know that not all Africans are living on their charity. The truth is that we may be struggling but we live on cash, not credit card. We live within our means!

  60. opedollar

    December 6, 2012 at 8:11 am

    Ohhhhhhhhhhhhhhhh. God!
    Keep quiet! Keeeeep quiet haaa?
    Ok pls abeg let me talk. LOL
    So many comments abt “not inspiring”, “corrupt money” & “Oprah is richer”.
    I accept. You are all correct, (that is if your SOURCES have RAW proofs, if not forget it).
    But 1st, what would you do if you were going in and out of Aso Rock in her shoes? Let’s be honest! Joseph in the bible interpreted a clumsy dream and became “small pharaoh” after few minutes of using his talent.
    2ndly, we all “deeply” wish to be talked about as well for succeeding beyond measure -and whoever told you her success was easy told you a BIG FAT LIE! Stop deceiving yourselves! Money is part of your happiness and worth (for those shouting ‘integrity’)
    Finally, nobody is talking about how difficult it is to get “divine connection” to Aso Rock, the sacrifices she made-in a Northern zone of politics of those times, the hard choices she needed to make – the difficulty of squeezing family and business together just for God to answer their prayer! Abi if na you President wan bless, you go refuse the gift? Those comparing her charity gifts and philantropy with that of Oprah, little can be said about her on a single BLOG post!
    Now think about it, swallow it, digest it, before you argue blindly. #argue.till.tomorrow

    • Amaka

      December 6, 2012 at 10:56 am


      Your point is clear and makes sense. If I were in her shoes, will I collect the oil block, of course I will but then again, in a poverty stricken Nigeria, shouldn’t she keep shut and help people silently knowing she has their inheritance at hand?

      Coming out in the open all for self gratification and celebration insults the poor masses.

      I don’t need her cash or the Nigerian government’s cash because God has blessed me but these people solely enjoying the nation’s resources should be ashamed…
      You answer this!

  61. princess zara

    December 6, 2012 at 10:02 am

    wow////nice inspiration….buh everyone knows d impacts oprah made on d lives of alot of people with her money and she still made d forbes list…as for me i tynk giving to d society lyk in infrastuctural services counts alot in byn termed rich….
    check out bill gate pouring his money into research program for malaria …..most of dese forbes list richies help in one way or d other buh d impact in africa is not much…
    am surprise dat all dese our governors…ministers upon dere embezzlement none has eva made it to d list….its a shame…

    am happy for her ….
    women are leading afterall.
    who run d world


  62. Amaka

    December 6, 2012 at 10:50 am

    Nigeria my country!!! Is there ANY way forward?

    If truly she was given an oil bloc then her story is not inspirational and she should have kept quiet, enjoyed her money in peace and do the good she can.

    Tomorrow we will hear Banke Meshida was given an oil block too courtesy of being the 1st Lady’s makeup artist.

    I’m not hating, just SAD!!!

  63. luck

    December 6, 2012 at 10:55 am

    after the oil in naija, what next? has naija ever produced a billionaire without oil money? real billionaires are those that invest in technology! how much does she pay in tax annually?

    • YANKEE

      December 6, 2012 at 11:47 am

      nonsenseyou reason like a child….. nigeria is a developing nation- where there is no electricity can’t compare it’s businessmen to those of zuckerberg, bill gates. Commodities, minerals,natural resources are what makes money in our developing nations, same with billionaires from South Africa-Diamonds, Gold- Brazilians billionaires invest in Oil and Gas, Russia’s in Oil and Gas, Saudi Arabia’s in Oil and Gas, Any businessman in a third world country would invest in raw commodities. The Chinese,British,Indians are investing HEAVILY in the same game plan in Africa without the blink of an eye- so why should the likes of dangote, adenuga, alakija not do the same? its common sense. Heavily investing in technology AT THIS TIME in a country where 80% have no electricity and 76% have no access to computers is DUMB and LAUGHABLE. any businessman with the right sense would invest in what ever commodities make profit fast. Africans like to scream racism and that outsiders (whites and asians) are exploiting Africa but they dont want to allow other FEARLESS africans to do business also. If there is no Adenuga Offor Dangote Alakija Ubah Ibru Briggs etc Oil will still be drilled but the ONLY beneficiaries will be SHELL,Texaco,Chinese,British,Malaysians- WAKE UP

    • Nwachidinma

      December 7, 2012 at 4:44 pm

      Thank you for that break down. It has opened my eyes even more.

  64. Farinu

    December 7, 2012 at 11:01 am

    I’m Really So Happy Alot That,9ja Woman Can Became D 1St Richest Black Woman In The World,And Even As Of Recent Nigeria Woman Became A Justice IN United State Of American and What AM Really Proud Of Is That Both Of Them Came From Yoruba Land,And We have 2 Nigeria Richest In The World As Well From No: I – 250, Alinko Dangote in No: 74 While Wale Adenuge In No: 246 as well,We Are Very Rich In Nigeria…? May God & Allah Bless Us All…?

  65. Couture By Makioba

    December 11, 2012 at 12:13 pm

    still oil money ba?…. we will see them all….

  66. whumey

    December 17, 2012 at 10:28 am

    im not going to say that if i was in this woman’s shoes i might have not collected the oil well….we don’t even know the sacrifices that she made to get this ‘forbes listing’. despite the corruption ish and all othe rnegativities, she must be hardworking to have made this much. all the same ma’am, pls give back to the society…its really sad to see that nigerians have this much money in the midst of all this suffering…even your grandchildren to the 5th generation cannot finish this money.lets remember that its the lives we have touched and the impact we made that actually outlive us.

  67. Owen Dale

    January 16, 2013 at 8:29 pm

    Faith can move moutains and that’s facts. Believing and doing at the same time.
    God’s helps many through his powerful blessings always. His blessings they’re beautiful.
    God bless you all, always with long life good health and prosperity.

  68. Owen Dale

    January 16, 2013 at 8:43 pm

    Hi beautiful elegant lady; Folorunsho Alakija.
    You’re blessed powerful lady with great wisdom and zest for life.
    Your wisdom has enable to rise greatly with the blessings of God.
    God bless you always in all your future endeavours.
    God bless you always with long life good health great prosperity.

  69. Owen Dale

    January 16, 2013 at 8:44 pm

    Tune into my song and poems always and bless you all always.

  70. ADE

    January 19, 2013 at 9:06 pm

    You are bless you will grow more in god wisdom to be able to control what you in Jesus might name we pray Aman

  71. Owen Dale

    January 26, 2013 at 4:19 pm


    Let all show respect and boost our intellect.
    The respect we show will flow, glow and grow.
    Let’s all try it, and we will benefit.
    See the reality in my words.
    Let’s flock together like birds.
    I’m an extraordinary energetic wordsmith with a vision.
    Let’s make the decision.
    Owen Dale wants everyone to prevail.
    It’s plain like the nose on our faces.
    That love will elevate all races.
    Respect opens up the door for love.
    Love is a beautiful spiritual blessings from above.
    Respect clears the way.
    Look deep into words, like a woman
    analyzing the ingredients on a box of “Mi;k Tray.”
    I don’t play, I won’t lead you astray.
    My words will make you naturally sway and sway.
    In a natural fun loving way.
    Love and respect is the order of the day.
    Promote them heavy, I say.
    Let’s all meditate and pray.

    Written by Owen Dale a powerful witty wordsmith with a beautiful gift.
    God bless you all always with long life good health and prosperity.

  72. Owen Dale

    January 26, 2013 at 4:36 pm


    Women they’re truly blessed.
    I see the works of God manifess.
    Their creative power is more than a treasure chess.
    Naturally they bring about success.
    They represent fruitfulness.
    I dedicate to all women graceing them with happiness.

    Written by Owen Dale a mighty, mighty wordsmith.
    God bless all women of the earth with long life good health and prosperity.

  73. Owen Dale

    January 26, 2013 at 4:51 pm

    Women focus on success you all are blessed
    God bless you all always with long life good health and prosperity.

  74. Owen Dale

    January 27, 2013 at 4:19 pm


    Meditate on my words.
    And you’ll fly like birds.
    I’ll elevate you.
    That’s what I’ll do.
    I’ll make your dreams come true.
    I’m the man, the man.
    I’m the man, the man.
    I’m the man with a MIDAS HAND.
    Come me I’ll make you prevail.
    I’m a lyrical prestige ship that’ll sail and sail.

    Written by Owen Dale a mighty witty wordsmith.
    Please don’t hesitate to call upon me at anytime.
    Let me write your songs or poems for you.
    God bless you always with long life good health and prosperity.

  75. Segun

    February 2, 2013 at 12:21 pm

    Life is a mystery.To understand ‘it’ u nid 2 bliv d Creator n discover d gifts He has deposited in u.In life,u nid 2 b at d rigt place,meet d rigt people,do wat God created u 2 do,chanel ur energy in d rigt course,make d rigt decisns.I advise:rada dan take on d biznes of judgin odas,n not getin paid weda u’re rigt or wrong,luk away 4rm dem,allow God 2 guide u so dat u can achiev ur goals in life.
    Note: D bilionairs in America discoverd God’s gifts in dem n dey used it 2 create wealth
    Wealth can come tru divine conectn n favor,witout u struglin
    Wealth can come tru years of hardwork n rigt investments
    Wealth come tru inheritance
    So,don’t get distractd by pple stealin 2 become rich or ritualists wit blood money,most of d wealthy Nigerians out dere can’t be celebrated.Let dem be,God will judge dem.
    Be concerned wit urself;if u can THINK,God will LINK u up.Failure 2 think will make u SINK.”As a Man thinks So is He”.A man is d product of his thought

  76. blaze

    October 3, 2013 at 7:26 pm

    I love this because this should motivate ladies that it is not until we start sleeping with men up and down that we can make it, why don’t we work hard like this men that are given us penny and at the end of it, we go out and start buying things that can’t make us become world richest women. Women, let’s work hard and stop sleeping with those men outside because of bb Z10, Q10, iphone, latest bags etc. We can do it

  77. sunda kolajo

    November 1, 2013 at 8:13 am

    thank you ma< you are indeed an epitome of fulfilness, may God continud to bless you and grant you favour as you commit yourself to the works of Charity. you are an ideal woman figure indeed, you made me a proudly Nigerian.

  78. Micheal

    September 20, 2014 at 4:19 pm

    According to the news, Mr Dangote, a Nigerian who made his fortune in cement, flour and sugar, is worth an estimated $16bn (£10bn) and has topped the Forbes list of Africa’s richest men for the past three years.

  79. Niger Delta

    July 26, 2015 at 5:39 pm

    why would she not be rich? She used to sew for General Babangida’s wife, when Babangida wanted to step down for abacha he assigned the whole of Agbami oil field to her as a parting gift. since then this woman seized from sewing cloth and became an oil magnet. Nigeria will soon retrieve all the stolen oil fields and oil blacks.

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