Alakija Builds New Multi-Billion Naira Home, Office
By SOLA SADIQ
Billionaire businesswoman, Mrs. Folorunso Alakija, is living up to her status as Africa’s richest woman.
The Executive Vice Chairman of Famfa Oil and Gas, which operates a lucrative oil bloc in the Niger Delta region, is reportedly forking out close to N3billion naira for the construction of a new palatial home in Lagos.
The new edifice, situated on the highbrow Ikoyi Crescent, is being handled by famed construction giant, Julius Berger, and is already over 60 percent completed.
Though it is not clear if the construction company is working on a deadline for the project, there are strong indications that Alakija is desirous of moving into her new abode in the third quarter of next year.
And when she finally moves in with her family, Alakija, who currently lives in a modest duplex off Ajose Adeogun Street on Victoria Island, would be next-door neighbour to Hakeem Belo-Osagie, the Chairman of Etisalat.
Other big-league properties on Ikoyi Crescent include the official residence of the American Ambassador to Nigeria, the official residence of Nigeria’s vice president, to mention but a few.
Sources further disclosed that Alakija is also putting up an office complex in Lekki, which would serve as Famfa Oil’s new corporate headquarters. The company currently operates out of a multi-storey building along Ajose Adeogun Street on Victoria Island.