The Fashion Designer Who Own Oil Wells | Folorunsho Alakija

Only a few Nigerians own oil wells. This video captures how a fashion designer became part of those fortunate few, who has one or two wells of oil. The story of her journey to owning an oil block, which started during the Ibrahim Babangida military regime, was filled with suspense, but that journey also made her the richest woman in Africa. Her name is Folorunsho Alakija. This is not a rag to riches story, but it is worth every minute. Click to watch. TIMESTAMPS 00:00 Introduction 02:27 Terms Analysis 03:01 How Alakija Was Introduced To Oil 05:25 Her First Oil Application Trial 07:00 How Alakija Founded FAMFA Oil 09:31 The Texaco Agreement 11:04 How Petrobras Came In 11:24 The First Oil Discovery In OPL 216 12:20 The Disagreement With Obasanjo Government 14:29 The Court Victory For FAMFA 14:58 Conclusion Outro #crudeoil #oilwell #nigeria #oil #africanstories #businessstories DISCLAIMER: I am not a journalist, I am just a YouTuber telling the stories of Africa. All content used are public documents in different media platforms. YouTube:    / @ucheolisa   For Sponsorship Enquiries: ucheolisa02@gmail.com