Saturday 29 October 2016

I made you a billionaire, Obasanjo tells Folorunsho Alakija


Former President Olusegun Obasanjo said on Saturday in Lagos that Mrs Folorunsho Alakija, Africa’s richest woman by Forbes reckoning, was among the 25 billionaires he made during his tenure as President.The former president was reacting to an allegation by Alakija at the event, that the Obasanjo administration frustrated her effort when she ventured into oil business.Alakija, who spoke before Obasanjo, alleged that his administration illegally took an oil block allocated to her company after her family had invested all its savings to strike oil in commercial quantity. “This oil block is in 5000 feet depth of water and was extremely difficult to explore. “It took 15 years from the time that we were awarded the licence in 1993 till 2008 when we struck the first oil
Read more at: http://www.vanguardngr.com/

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