Kola Aluko
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20 October 1969
Kola Aluko | |
|---|---|
| Born | Kolawole Aluko 20 October 1969 |
| Education | Igbogbi College Lagos |
| Occupation | Businessman |
| Parent | Chief Akanni Aluko |
Kola Aluko ⓘ(born 20 October 1969), is a Nigerian businessman with interests in African infrastructure development and aviation. Formerly based in Nigeria, Aluko was the Co-Chief Officer and executive director of Atlantic Energy, an indigenous, private upstream oil and gas company, focused on independent exploration and production in Nigeria.
Kola Aluko was ranked among the Forty Richest Africans by Forbes Africa in 2012,[1] and in 2013 was among the Top Ten Successful African Entrepreneurs to Follow on Twitter.[2] New African magazine (November 2013 issue) included Aluko in their 100 Most Influential Africans listing.[3]
Born Kolawole Aluko Lagos, Nigeria, on 20 October 1969, one of nine siblings. Aluko's mother is a pharmacist, and his father, Chief Akanni Aluko Chairman of Island Club and High Chief in Ilesha, Osun State, Nigeria a geologist. Chief Akanni Aluko is the only child of Mrs Adedoja Aluko from Ogbomosho, Oyo State, Nigeria. Kola Aluko attended Igbogbi College in Lagos. Aluko says, he was "from an early age very ambitious and I always knew I wanted to work for myself". “Highly competitive and keen on sports”, Aluko's entrepreneurial mindset saw him work in different industries, from pharmaceuticals to cars, before settling for the oil industry in the early 1990s.[4]
Business career
Kola Aluko co-founded Besse Oil, a pioneering oil trading company in Nigeria in 1995. Besse Oil, one of the first to obtain a credit line with major international banks, traded crude oil and fuel oil, and was also a major importer of gasoline.
Six years later, in 2001, Aluko founded Fossil Resources, an indigenous downstream oil and gas company, where he held the role of CEO.
In 2004, Kola Aluko formed Exoro Energy International, became CEO and moved into exploration and production. Exoro Energy partnered with a division of Weatherford, to showcase its exploration and production technology.
In 2007, the division of Weatherford was bought out and merged with Exoro Energy to form an independent company, Seven Energy.
Kola Aluko, with a team of Nigerian and international E&P executives, co-founded Atlantic Energy in 2011, a private upstream oil and gas company, with an increased focus on under-developed producing fields in Nigeria. In partnership with the Nigerian Petroleum Development Company (NPDC) Atlantic Energy focused mainly on Niger Delta assets, contracted and executed under Strategic Alliance Agreements (SAAs) with the NPDC.