Obasanjo, Folorunsho Alakija face-off at Tony Elumelu Foundation Forum

It was a platform where business and politics clashed as former President Chief Olusegun Obasanjo and business woman Folorunsho Alakija had a face-off.

Both personalities were guest speakers at the Tony Elumelu Foundation Entrepreneurship Forum 2016.

Speaking to young entrepreneurs on the need for perseverance, Mrs. Alakija gave an instance of how the Federal Government ceased her oil license without due process.

She said it took her family a period of 15 years, between 1993-2008 to discover oil from an oil bloc license they used all they had to purchase.

According to her, the government revoked their Oil Processing License (OPL) only after they discovered oil having spent huge sums of money in the process.

She said the matter was taken to court, and it lasted a period of 12 years before they won the case against the government.

Responding to Alakija’s allegation, Obasanjo said there was a process on how OPL worked, stating that at the time, it was possible Alakija did not fully understand the procedure.

As the former president spoke, Alajika gave him some cursory glances showing her dissatisfaction with his explanation.

Dignitaries at the event included President of the Foundation, Tony Elumelu, Minister for Information and Culture Alhaji Lai Mohammed, Minister for Solid Minerals Kayode Fayemi, among others.

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