Oilmoney

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

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).

Career

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

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.
  • 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.
    • 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.