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Nigerian Billionaire Folorunsho Alakija Faces $6.7 Million Customs Demand for Oil

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Meet Folorunso Alakija, West Africa’s first female billionaire who turned an unwanted Nigerian oil block into a billion-dollar fortune. The African continent’s richest woman faces a $6.7 million customs demand after illegally keeping a $200 million private jet fleet in Nigeria for over a decade while owing N8.85 billion in unpaid customs duty.

Last updated September 10, 2026 at 4:06 pm
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