When talking about Nigerians in the diaspora, who have come through thick and thin to become successful and accomplished through hard work and perseverance, the name of Alafaa Kariboye-Igbo, fondly referred to as Oil Money, would rank among the top 10 business moguls.
Though he is living away from home, Oil Money has never forgotten his roots and constantly connects with the people back in Nigeria through his various business engagements and diversified interests.
Kariboye-Igbo, who is popularly known as Oil Money, could be described as the business magnate with the midas touch, as anything he touches turns to Gold. From a very humble beginning, through hard work and perseverance, he has been able to develop himself into a result-oriented entrepreneur with a clear and defined focus in actualizing his dreams. He is a fulfilled businessman with diverse interests in critical sectors of the Nigerian economy.
Oil Money, real name Alafaa Kariboye-Igbo,told reporters during a a press conference that his success in life was God’s making, adding that it was the Divine hand of God that was solely responsible for his success, especially for him making it where others failed. He was quick to point out and declare that it ‘s God’s doing, not my power.”
Born in Buguma, Rivers State, south-south Nigeria on May 21 1981, Oil Money is a British bred business magnate, event promoter, oil & gas, real estate, car dealer and CEO of Oil Money Records, his net worth is said to be in the region of $6.1 Billion.
Why did he set up Oil Money Record, Kariboye-Igbo revealed that the record label exists to make known the young artists, bring them from the obscure to world’s limelight, manages the development of songs, production of music, manufacturing of merchandise, creative marketing and distribution of the products it creates.
No doubt Oil Money is now a renowned figure in the music and recording industry, reputed for his wide expertise in the creative sector that has taken the Nigerian brand to the forefront of the global scene, which informs his ambition to make Oil Money Records bigger and influential while churning out talented stars for the industry.
“Our desired goal is to operate with a high standard of excellence in business organization and effectively manage music licensing and copyright processes, song promotion, royalty collection, and key partnerships around the world”, said Oil Money.
On why he founded Oil Money Record, Oil Money said that the record label, was set up shine Te light on the unknown young artists, bring them from the obscure to world’s limelight, Since inception, Oil Money Record has been managing the development of songs, production of music, manufacturing of merchandise, creative marketing and distribution of the products it creates.