HomeBiographySilent Crazy Rich Billionaire,...

Silent Crazy Rich Billionaire, Alafaa Kariboye-Igbo

By Balogun Kamilu Lekan

Photo: Instagram/@oilmoneyofficial

Despite Nigeria’s economy and image worldwide, it still prides as one of the wealthiest country in Africa. 

Nigeria houses a large number of billionaires on the black soil.

Photo: Instagram/@oilmoneyofficial

The most recent name that sprung from the list of billionaires is the UK-based real estate and oil and gas mogul, Kariboye-Igbo, Alafaa Anyanate.

Kariboye, according to a publication is listed among the Nigeria billionaire club of crazy rich Nigerians, making the list with other notable Nigerian billionaires like Otedola, Dangote, Abdul Samad Rabiu, and Arthur Eze, amongst others.

Photo: Instagram/@oilmoneyofficial

Alafaa famously known as’ Oil Money’ was born in River State, in the oil-rich region of Nigeria on May 21st, 1981.

From a very lowly beginning, he has been able to grow into a result-driven businessman with a distinct mindset to realize his dreams. Oil Money has developed into one of Africa’s most beautiful individuals and a young man with extensive connections that cross all social strata, all religious and ethnic backgrounds.

Photo: Instagram/@oilmoneyofficial

Additionally, because he is regarded as a man whose love for the less fortunate knows no bounds, his charitable activities have redefined humanitarian efforts among Nigeria’s wealthy.

Photo: Instagram/@oilmoneyofficial

He has also diversified into other sectors like real estate, oil and gas, auto dealership, and entertainment 

The UK-based business tycoon, who is also an expert in the music business, wants to dominate the global music industry by growing his record label, Oil Money Records and creating stars in the field.

Photo: Instagram/@oilmoneyofficial

Incorporated in Britain, the music record label, which commences operations in March 2021, was established to oversee the creation of songs, music, production of merchandise, creative marketing, and the distribution of intellectual properties.

Anjorin Jeye Joseph, better known by his stage name Jaydboy, was signed by Oil Money Records, which also announced plans to find more musical talent across the nation in order to produce timeless music.

Photo: Instagram/@oilmoneyofficial

According to the company, Jaydboy is a multi-talented artist with enormous potential who stands head and shoulders above many other musicians in the nation.

Alafaa has also established himself as a musician when he dropped his single titled ‘Who Dey Breath” in 2021 which featured  DJ YK Beat.

Photo: Instagram/@oilmoneyofficial

The 41-year-old billionaire runs an auto business, Best Car Sales Limited, based in 

Silton Street, Manchester, United Kingdom.

He amassed most of his wealth from the music business, auto deals, oil and gas, and real estate. His net worth has been reportedly estimated at $6.1 billion.

Photo: Instagram/@oilmoneyofficial

Alafaa has also established himself as a passionate giver by setting up the Oil Money Foundation in November 2020. The foundation has provided aid to vulnerable Nigerians and influenced them positively.

A passionate giver, he set up Oil Money Foundation in November 202o and, to date, the foundation has impacted positively on many poor Nigerians.


Disclaimer

The information in this article was curated from online sources. NewsWireNGR or its editorial team cannot independently verify all details.

Follow us on Instagram and Facebook for Live and Entertaining Updates.

Always visit NewsWireNGR for the latest Naija news and updated Naija breaking news.

NewsWireNGRLatest News in Nigeria

Send Us A Press Statement/News Tips on 9ja Happenings: [email protected].

Advertise With Us: [email protected]

Contact Us

LISTEN to NewsWireNGR PODCASTS

- A word from our sponsors -

spot_img

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

Why Mobile Gaming Is Growing Faster Than Ever in Africa

Meta Title: Mobile Gaming In Africa – Why It's Growing Fast Meta Description: Mobile...

Toyin Akinniyi: Building blocks of the Future, education financing for sustainable outcomes

Opening Remarks by Ms. Toyin Akinniyi, Regional Portfolio Director, Luminate at...

Cheta Nwanze: The acquittal of Nigeria’s former petroleum minister Diezani Alison-Madueke

Cheta Nwanze The acquittal of Nigeria’s former petroleum minister Diezani Alison-Madueke at...

Lazarus Angbazo: Building Nigeria’s Infrastructure Economy

BUILDING NIGERIA'S INFRASTRUCTURE ECONOMY Mobilizing Private Capital to Build the Foundation of...

- A word from our sponsors -

spot_img

Read Now

Why Mobile Gaming Is Growing Faster Than Ever in Africa

Meta Title: Mobile Gaming In Africa – Why It's Growing Fast Meta Description: Mobile gaming in Africa is growing faster than any other digital sector: affordable smartphones, mobile payments, local content and what the data shows for 2026. Why Mobile Gaming Is Growing Faster Than Ever in Africa Few industries are expanding...

Toyin Akinniyi: Building blocks of the Future, education financing for sustainable outcomes

Opening Remarks by Ms. Toyin Akinniyi, Regional Portfolio Director, Luminate at the Bold Action Session on Education: "Building Blocks of the Future: Education Financing for Sustainable Outcomes"  (A Day Zero event of the 2026 Africa Social Impact Summit) on 21 July 2026. Protocols. Good morning distinguished guests, the board and CEO...

Cheta Nwanze: The acquittal of Nigeria’s former petroleum minister Diezani Alison-Madueke

Cheta Nwanze The acquittal of Nigeria’s former petroleum minister Diezani Alison-Madueke at Southwark Crown Court, London, on 17 June 2026 has brought up an uncomfortable question that has long shadowed international anti-corruption efforts: is justice truly universal, or is it reserved for the powerless? After a nearly six-month trial...

Lazarus Angbazo: Building Nigeria’s Infrastructure Economy

BUILDING NIGERIA'S INFRASTRUCTURE ECONOMY Mobilizing Private Capital to Build the Foundation of National Prosperity Keynote Address by Dr. Lazarus AngbazoChief Executive Officer, InfraCorpNACCIMA Infrastructure Conference (INFRACON) — July 14, 2026 Your Excellencies, distinguished guests, ladies and gentlemen. Please permit me to stand on established protocol. Let me begin with a simple observation. Every...

Lazarus Angbazo: Beyond Roads and Power, Who Will Finance Human Capital Infrastructure for Africa’s Workforce?

By Lazarus Angbazo |  [email protected] Africa is entering one of the most ambitious periods of infrastructure and industrial investment in its history. Governments are expanding power generation, transport networks, ports, industrial parks, and digital infrastructure, while African private sector leaders are making unprecedented long-term commitments to manufacturing and industrial...

Residents: Key Factors to Consider When Choosing a Self Storage Facility in Philadelphia

Finding the ideal self-storage unit can be challenging, especially in Philadelphia, where options abound. Many residents seek facilities that not only safeguard their belongings but also provide value and convenience. In this article, you'll learn the key factors to consider when selecting a self-storage facility in the...

“No Victor, No Vanquished” — Angbazo calls for unity after Nasarawa ADC Governorship Primary win

LAFIA — Retired General Nuhu Angbazo has emerged victorious from the Africa Democratic Congress, ADC, governorship primaries in Nasarawa State, calling on all party faithful to sheathe their swords and rally behind a common vision for the state's development. In a press statement issued shortly after his victory...

Lazarus Angbazo: The Countries that will lead the AI Economy are being decided right Now — By Their PowerGrids

Nigeria has enough installed generation to power a mid-sized country. The grid delivers less than half of it. Around the world, the race to build AI-ready power infrastructure is already underway — and the decisions African governments and investors make in the next eighteen months will determine...

Cheta Nwanze: Failed visa Marriages

by Cheta Nwanze The 1990 film Green Card told a relatively innocent story: a French immigrant and an American woman enter a marriage of convenience so he can stay in the US. They barely know each other. They hope never to see each other again after the deal...

Digital Marketing for Attorneys

In the competitive landscape of legal services, personal injury and medical malpractice attorneys are finding themselves overshadowed by competitors who dominate online visibility. The root of this issue lies in the digital presence that many firms lack. While traditional word-of-mouth referrals still hold value, the digital age...

Lazarus Angbazo: The global power industry is leaving Africa behind

 Dr. Lazarus AngbazoThe nascent AI revolution is not just driving electricity consumption and massive demand for additional capacity—it is reshaping how power is built, maintained, and delivered. For Africa, the real risk is no longer just insufficient capacity—it is also losing control and ability to manage the capacity it...

Bunmi Onabanjo-Kuku: The first thing you feel when you land in Nigeria

By Bunmi Onabanjo-Kuku The first thing you feel when you land in a country is not its culture, not its cuisine, not its people. It is its airport. That threshold, the space between the jet bridge and the city beyond, tells you everything a nation believes about itself...