Oilmoney

Oilmoney
Background information
Also known asOilmoney
Born
Alafaa Kariboye-Igbo


Port-Harcourt City, Rivers State, Nigeria
Occupations
  • Entrepreneur
  • record executive
Years active2020–present
LabelOilmoney Records

Alafaa Kariboye-Igbo, known professionally as Oilmoney, is a British-Nigerian entrepreneur, philanthropist, investor and record executive.[1][2]

Early life and education

Born in Buguma, Rivers State and based in the UK, he has built a diverse business empire spanning oil and gas, real estate, car dealerships, and entertainment (Oil Money Records).[3][4]

Career

Alafaa Kariboye-Igbo founded the Oil Money Foundation (OMF), a Nigerian, UK-based philanthropic organization, in November 2020.[5] It focuses on supporting underprivileged children, orphans, and widows[6] through education support, healthcare funding, and business empowerment across Nigeria and Africa.[7]

Key Aspects of the Oil Money Foundation:

  • Founder: Alafaa Kariboye-Igbo, a Rivers State-born business tycoon known as "Oil Money," who operates in real estate, oil & gas, and entertainment.
  • Mission: To improve education, health, and provide economic opportunities for the, less privileged.[8]
  • Key Initiatives:
    • Educational Aid: Covering school fees for children.
    • Healthcare Support: Funding medical bills for the sick and needy.
    • Empowerment: Donating food items, cash, and mattresses to widows and orphanages.[9]
    • Youth Support: Recently supported youths with significant monetary donations, including a reported N20 million each to ten individuals.
  • Reach: Active in several Nigerian states, including Lagos and Edo.

The foundation is dedicated to fostering "love and assistance" for the extremely poor in society.[10]

References

  1. ^ "Oil Money Records Set To Takeover Nigeria Entertainment Industry". Thisdays News.
  2. ^ "My nickname divinely inspired – Oil Money". The Nation. Lagos, Nigeria. June 5, 2020.
  3. ^ "From humble beginnings, Alafaa Kariboye-Igbo rises to stardom". The Guardian. Lagos, Nigeria. 31 October 2021.
  4. ^ "Why I float my records label – Oil Money". Vanguard. Lagos, Nigeria. May 15, 2021.
  5. ^ "Founder of Oil Money Foundation Set To Support Hundreds Of Students in Their Academic Sessions". thisday news.
  6. ^ "Oil Money Foundation touching lives of less privileged, says Kariboye-Igbo". The Guardian. Lagos, Nigeria. 5 September 2021.
  7. ^ "Foundation expands philanthropic works to less privileged Nigerians". businessday.ng/.
  8. ^ "How Oil Money Foundation is touching lives ―Alafaa Kariboye-Igbo, Founder". thesun.ng. 20 April 2020.
  9. ^ "Oil money Foundation earmarks €380m for orphanage homes registered in Nigeria, others". Vanguard. Lagos, Nigeria. February 3, 2022.
  10. ^ "Oil Money Redefines Humanitarianism In Nigeria". Independent. Lagos, Nigeria.
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