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“Folorunsho Alakija Never Gives Up!” New Episode of Forbes Africa TV’s ‘My Worst Day with Peace Hyde’ on October 6th

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Forbes Africa TV’s flagship show ‘My Worst Day with Peace Hyde’ is back and in the hot seat for October is the first female mogul interviewed for the show, Folorunsho Alakija – executive vice chairman of Famfa Oil with an estimated net worth of $1.82 billion.

From starting her career as a company secretary to launching one of the most prominent fashion labels, building the largest printing company in Nigeria and finally making a mark as the only prominent female in the competitive and patriarchal oil industry, Alakija is no stranger to set backs but what happened when everything she built got taken away from her?

Check out the promo and catch the full episode on October 6th.

Watch

26 Comments

  1. Nakoms

    October 1, 2016 at 2:00 pm

    All in all a good woman

    Doesn’t take away the fact that her wealth is a product of a rent seeking society.

    But aren’t we all?

    All have sinned and come short…………

  2. EE

    October 1, 2016 at 2:01 pm

    This is all interesting, heartwarming stuff, but really, what we want to know is simple. Is she bleaching??

    Also did our former HOS really just dash her oil block????

    • Ginger

      October 1, 2016 at 3:07 pm

      Not true (at least according to her in her interview with Genevieve magazine). In the interview, she states that she bid for the oil bloc and it took her over 3 years to get it, after which she didn’t even get the one she had hoped for. I think Mrs IBB only assisted her in getting the license. I read the full interview (BN only cared to extract excerpts about her cooking for her husband and washing his boxers or whatever?) and it seems she was from a wealthy family, married into one, and had successful businesses. It seems that she had income beyond dressmaking, but because that was what she was known for, people assumed that it was her sole/main source of wealth. She also stated that she spends over N20 million a month on charity, and I’m still pretty shocked and even upset on her behalf that BN would leave out something so interesting.

    • Curios

      October 1, 2016 at 10:48 pm

      20million on charity…. Hehehehe how much is my annual income…? I swear when I grow up I want to be like this woman!

    • EE

      October 2, 2016 at 1:09 am

      ^
      Doing God’s work.

    • AceOfSpades

      October 1, 2016 at 10:46 pm

      Don’t act like you gon say NO if it was you that got an oil bloc with the ‘connect’ of a friend. So you have never used ‘connect’ to get money at a bank without lining up? Or gotten extra plate of barbecue at a party with the ‘connect’ of a friend? Or even a front row seat at your school’s LT with the ‘connect’ of a friend.

      You people should start being nice to people and start giving gifts on birthdays, weddings, anniversaries and build relationships with your time and money.

    • Yori

      October 4, 2016 at 1:37 pm

      The answer is yes, she is a BLEACHER!

  3. Nwa nna

    October 1, 2016 at 3:36 pm

    I’m going to wait for the full interview to air. Want to hear how she claims she came about the oil block that has made her fantastically wealthy, it’s known that there’s definitely an IBB connection involved….I love how Nigeria’s common wealth is divvied up amongst a certain group of individuals

  4. De Duchess

    October 1, 2016 at 3:49 pm

    Thats great, a woman. I was expecting a certain person.

  5. Tomiwa

    October 1, 2016 at 4:29 pm

    The question is, do you ignore an opportunity to make money if you are in the right place at the right time? Does that make her any less of an entrepreneur? I know people who got their start up through family, friends or even angel investors. I read the Forbes interview with Tonye Cole who said relationships are everything and that’s how they have been able to survive as a group. Can we really say she is less of a business woman because she accepted an oil block from IBB?

    • Nwa nna

      October 1, 2016 at 7:43 pm

      @Tomiwa
      I guess it depends on your ethics and integrity…
      A common wealth of a nation ought to be enjoyed by all of its citizens, hence the term common wealth and not individual wealth.. Get my gist, I would be more apt to learn from someone that came up from the bottom and is now on top due to their sweat, blood & perseverance vs someone who had it handed to them which is called unfair advantage….
      If you were in business school for your MBA, who would rather teach you about building a business Warren buffet, Bill Gate’s, Steve Jobs or Folorunsho Alakija, Toye Cole etc?
      To answer your question, corruption doesn’t equate to being at the right place at the right time, of course except in Nigeria.

    • Lacey

      October 2, 2016 at 1:16 am

      @Thank you Nwa nna, you just made my day! Zuckerberg that is worth $56bn ,made money from oil wells in America abi!Generation of thieves coming here to write nonsensical explanation!!! No values! empty vessels!

  6. bolagun

    October 1, 2016 at 5:29 pm

    hmmm…I agree with Tomiwa. Once you receive an oil block, it doesn’t make you rich overnight, you still need to have the ability to generate money from the block and also you are not guaranteed that you will find oil just because you are given an oil block. You need the machinery and technical expertise to drill and extract the oil and refine it before it gets to the final consumer. She got an oil block, Yes. but thats not what made her rich., her ability to find partners and find that oil within the block and build a business out of it is what has put her on the Forbes Rich list. The IBB remarks is a bit childish. How many men have reaped the benefit of relationships in high place. If woman benefits of those same relationships then we all cast stones. Puleasseeeee!

  7. balogun

    October 1, 2016 at 5:35 pm

    hmmm…I agree with Tomiwa. Once you receive an oil block, it doesn’t make you rich overnight, you still need to have the ability to generate money from the block and also you are not guaranteed that you will find oil just because you are given an oil block. You need the machinery and technical expertise to drill and extract the oil and refine it before it gets to the final consumer. She got an oil block, Yes. but thats not what made her rich., her ability to find partners and find that oil within the block and build a business out of it is what has put her on the Forbes Rich list. The IBB remarks is a bit childish. How many men have reaped the benefit of relationships in high place. If woman benefits of those same relationships then we all cast stones. Puleasseeeee!

  8. Eyes Rolling

    October 1, 2016 at 5:38 pm

    Both Tomiwa and Balogun have valid points but at the end of the day Luck is also a very big factor in becoming an entrepreneur and this woman is definitely one lucky woman. not too sure about her business acumen or whether she deserves the praise she is receiving on the Forbes rich list but hey who cares, i don’t have her money so this as far as my interest goes. Very good show, kudos to Forbes Africa.

    • Charles

      October 12, 2016 at 8:11 am

      You make your own luck.

  9. Anne

    October 1, 2016 at 7:50 pm

    I love madam Alakija, she is a good example of an African Entrepreneur encouraging Pan- African patronization. Here’s a link to explain the benefit of Pan-African Patronization, independence day edition. Happy Independence Nigerians at home and in the Diaspora. We are growing!

  10. Iri-Owen

    October 1, 2016 at 8:00 pm

    I love madam Alakija, she is a good example of an African Entrepreneur encouraging Pan- African patronization. Here’s a link to explain the benefit of Pan-African Patronization, independence day edition. http://WWW.MAJORRENDEZVOUS.COM .Happy Independence Nigerians at home and in the Diaspora. We are growing!

    Pls. sometimes the link disappears after posting my comment. Just copy and paste.

  11. Seem

    October 1, 2016 at 8:35 pm

    People like her deserve not much encomium they are just oppprtuned to have what belongs to all in their possession, That’s where corruption starts and ends. She is not like dangote whose uncle borrowed him money to start business. Bidding for a common wealth is counter-productive but working your way to wealth will seem a good story to tell. Only God will save this country, we are just celebrating negativity.shio.

  12. Susu

    October 1, 2016 at 10:27 pm

    Abeg, who’s the chairman of Famfa, as she’s the vice?

    • TOP.

      October 1, 2016 at 11:20 pm

      Mrs. Folurunsho Alakija is the EXECUTIVE Vice-Chairman tat means she is the Chief Executive Officer, the head of the company, and she runs the company. The chairman is just the chairman, non-executive.

    • Fashionista

      October 2, 2016 at 5:42 pm

      @ Top, you didn’t answer the question though. Susu, the Chairman is her husband – Modupe Alakija.

  13. Ijebujesha

    October 2, 2016 at 12:05 am

    Nigerians will steal the commonwealth finish and they will be dropping God’s name even more than the Pope. Lol..

  14. queenbee

    October 2, 2016 at 5:15 am

    I love this and will keep repeating it : corruption does not equate to being in the right place at the right time. Nigeria cannot and will not move forward if you have more foluronsho alakijas raping your resources. Some of you too busy contouring for your husband search to care. In 10 or 20 years your country will be even worse off than today. Build your country today so you don’t have to run away to UK or US to make a simple living. Don’t be part of the problem. Highlight the truth about sources of wealth and how it directly relates to the the lack of basic services for the masses. She can give all she wants to charity because her wealth approach already killed the livelihoods of several thousands .

    • truthbetold

      October 2, 2016 at 12:36 pm

      I love it too and will repeat it again:
      Corruption does not equate to being in the right place at the right time.
      In developed countries your family background can only take you a bit far then your excellence takes you further but in Nigeria, family background will take you as high and far as people will not even fathom wether you have good substance in you or not.

  15. Tosin

    October 2, 2016 at 5:36 am

    See me see PR. LOL.

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