Photo: Kaizenify · CC BY-SA 4.0 · Wikimedia Commons
Born in Nigeria · Nationality Nigerian — Business / oil
Documented profile covering 2 controversies, including “OPL 216: discretionary allocation and persistent suspicions of political favouritism” and “OML 127: state-imposed acquisition of interests, followed by Famfa victory in Supreme Court”.
Profile No. 0582 · Updated on 12 October 2026
§ Legal statuses reflect the documented sources as of the date shown; they replace neither court decisions nor the presumption of innocence. Counts are not a rating. Methodology
2000-2012
Following the discovery of oil, the federal government claimed an initial 40% stake and then an additional 10% in the block that became OML 127. Famfa Oil challenged these acquisitions of interests over several years.
Last verified: 19 August 2026
1993-2000s
The 1993 allocation of OPL 216 to Alakija's Famfa Oil was portrayed by critics as an example of discretionary allocation of oil assets to elites close to military power, particularly because of her alleged proximity to Maryam Babangida.
Last verified: 19 August 2026
No documented link with another published profile for now.
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