Taiwo Afolabi is a successful Nigerian businessman and lawyer. He is the founder and CEO of SIFAX Group, a company that operates in various industries, including maritime, aviation, haulage, hospitality, financial services, and oil and gas.
Taiwo Afolabi Biography: Nigerian business mogul, entrepreneur, lawyer

Wikipedia Profile | Biodata
Real Name: | Taiwo Olayinka Afolabi |
Date of Birth: | April 29, 1962 |
Age: | 61 years old @ 2023 |
State of Origin: | Ogun State, Nigeria |
Place of Birth: | Ondo State, Nigeria |
Nationality: | Nigerian |
Wife: | Folashade Afolabi |
Marital Status: | Married |
Occupation: | Business Mogul | Entrepreneur | Lawyer |
Net Worth: | < $$1 million – $5 million [1] [2] |
Organization: | SIFAX Group |
Education: | University of Lagos |
Award: | The Sun Awards 2014 |
Taiwo Afolabi Biography
Taiwo Olayinka Afolabi is a Nigerian businessman, entrepreneur, and lawyer born on April 29, 1962, in Ondo State, Nigeria. He graduated from the University of Lagos and has been active in his career since 1981.
Afolabi is the founder and leader of SIFAX Group, a company that operates in various industries such as maritime, aviation, haulage, hospitality, financial services, and oil and gas. He is married to Folashade Afolabi and has received several awards, including The Sun Awards in 2014
Parents | Family
Taiwo Afolabi was born on April 29, 1962, in Ondo State, Nigeria. [3] As of 2023, he is 61 years old. Afolabi was born as the first child of a set of twins in Ondo State but is from Idokunusi Ijebu in Ogun State.
Education Background
He went to Ansar Ud Deen Primary School in Ondo State and Baptist Grammar School in Ibadan for his primary and secondary school education, respectively. Later on, he graduated with an LL.B. certificate in Law from the University of Lagos.
Children | Wife
Taiwo Afolabi is married to Folashade Afolabi and has two children named Olayinka Afolabi and L.A.X, who is a Nigerian recording artist.
Afolabi is part of several clubs and committees, such as the Institute of Directors Nigeria, Ikoyi Club 1938, and IBB Golf Club in Abuja.
He also serves on the Building Committee of the Nigerian-British Chamber of Commerce and Industry. Afolabi is a sports enthusiast and loves playing and watching football.
Net Worth
Taiwo Afolabi’s source of income is from his company SIFAX, and his net worth is estimated to be between $1 million and $5 million, according to various online resources. [1] [4]
Philanthropy
SIFAX, the company owned by Afolabi, donated a lecture hall that can seat 1,000 people to the Ladoke Akintola University of Technology (LAUTECH). Recently, 184 people, including market men and women, received free dental and medical care at the Taiwo Afolabi Free Rural Dental Outreach event held at the Dugbe market in Ibadan.
Career
Taiwo Afolabi started his professional career in 1981 at Nigerian Express Agencies Limited. He left the company in 1988 to create SIFAX Group.
Today, SIFAX Group is one of Nigeria’s top companies, with investments in various sectors such as oil and gas, haulage, logistics, maritime, and aviation.
Afolabi is a Fellow of the Nigeria Institute of Financial Management and the Institute of Freight Forwarders of Nigeria.
Award
Afolabi is a Nigerian who was awarded the prestigious Member of the Order of the Niger title in 2010. He was recognized for his contribution to the industrial sector in Nigeria and was given the “Businessman of the Year” award by The Sun Awards in 2014.
The Taiwo Afolabi Annual Maritime Conference (TAAM Conference) is organized by students of the University of Lagos and sponsored by SIFAX Group in honor of Taiwo Afolabi’s achievements.
Check out the full biography and net worth of Dharmie Richie, he was a Nigerian businessman and socialite who was famous for his affiliation with Hushpuppi. He was the CEO of Dharmierichie Bitcoin trade and was known for posting pictures of expensive things on social media to gain followers.
References