Folorunso Alakija’s Oil Block: Model of Nigerian Elite Racketeering?

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Odion Omonfoman

This article is in response to the twitter posts by celebrated Nigerian journalist, Oluwakayode Olumide Ogundamisi on the above subject.

In summary, Mr. Ogundamisi accuses Mrs. Folorunso Alakija, reported as Africa’s richest woman, of deceit in terms of her story on how she came about her oil block, which the famous Agbami field is located. He accuses Mrs. Alakija of acting as a front to former Nigerian military ruler, General Ibrahim Babangida, and in the process, being fraudulently “gifted” with her oil block (OPL 216) by the then Military ruler.

According to Mr. Ogundamisi in one of his tweets, “@alakijaofficial story about being allocated a “useless oil block” is a con story perpetuated over the years unchallenged. @alakijaofficial and those she was fronting for in @AsoRock knew they had a juicy oil block, they shortchanged Nigerians and as usual &…



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