Foundation restates commitment to youth empowerment, less privileged

A non-governmental organisation, Oil Money Foundation has again reaffirmed its commitment to feeding the hungry and the less privileged on a daily basis and empowering youths across Nigeria.

This is also as the foundation recently visited Friends of Jesus Orphanage, Lekki, Lagos, and donated some mouth-watering food items and cash gifts.

Alafaa Kariboye-Igbo, also known as Oil Money, said he was focused on providing empowerment for young people and anything that will give young people leverage in life.

According to Kariboye-Igbo, “Philanthropy is truly complex, but I am aware that people face difficult choices and obstacles along the way, so I try to lend a hand and assist them to scale those hurdles of life and give impetus to their dreams.”

Oil Money Foundation was founded on November 5, 2020, to provide succour to anyone confronting challenges across the country.

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Speaking on the inspiration behind his philanthropic gestures, the Buguda, Rivers State-born defined by his uncommon altruism, maintained that the act of giving is not a burden but a source of joy to him and the entire Oil Money Foundation Founder team members.

“As a public figure, I receive thousands of messages daily. I do a lot of giveaways on Instagram and also privately respond to people who reach out to me for help. Still, I can hardly reply to everyone. So, very soon I will be unveiling a platform where the needy will be answered,” he said.

Alafaa Kariboye-Igbo is a multifaceted business mogul whose stock-in-trade includes real estate, auto sales, oil and gas, and recently, music promotion.

He has featured prominently on Wikipedia’s Nigerian billionaires’ list for 2020 and 2021.

He studied and graduated from London University and is currently living in the UK with his family. Further explaining why he finds it hard to resist responding to appeals for assistance, he said, “I believe that any assistance I render to any person improves the lot of humanity in general.”

Ifeoma Okeke-Korieocha

Ifeoma Okeke-Korieocha is the Aviation Correspondent at BusinessDay Media Limited, publishers of BusinessDay Newspapers. She is also the Deputy Editor, BusinessDay Weekender Magazine, the Saturday Weekend edition of BusinessDay. She holds a BSC in Mass Communication from the prestigious University of Nigeria, Nsukka and a Masters degree in Marketing at the University of Lagos. As the lead writer on the aviation desk, Ifeoma is responsible and in charge of the three weekly aviation and travel pages in BusinessDay and BDSunday. She also overseas and edits all pages of BusinessDay Saturday Weekender. She has written various investigative, features and news stories in aviation and business related issues and has been severally nominated for award in the category of Aviation Writer of the Year by the Nigeria Media Nite-Out awards; one of the Nigeria’s most prestigious media awards ceremonies. Ifeoma is a one-time winner of the prestigious Nigeria Media Merit Award under the 'Aviation Writer of the Year' Category. She is the 2025 Eloy Award winner under the Print Media Journalist category. She has undergone several journalism trainings by various prestigious organisations. Ifeoma is also a fellow of the Female Reporters Leadership Fellowship of the Wole Soyinka Centre for Investigative Journalism.