DELVE INTO AFRICAN WEALTH
DON'T MISS A BEAT
Subscribe now
Skip to content

Taiwo Afolabi appoints son LAX as executive director of SIFAX Logistics on the singer's 33rd birthday

Nigerian singer LAX has been appointed executive director of SIFAX Logistics, joining his father Taiwo Afolabi's group on his 33rd birthday.

Taiwo Afolabi appoints son LAX as executive director of SIFAX Logistics on the singer's 33rd birthday
Taiwo Afolabi

Table of Contents

Taiwo Afolabi, the Nigerian billionaire who chairs SIFAX Group, has appointed his son Damilola Afolabi, known professionally as LAX, as executive director of SIFAX Logistics, marking the singer's 33rd birthday with a formal entry into the family's corporate empire.

The appointment was announced through SIFAX Group's official Instagram account on April 10, the same day the younger Afolabi turned 33. The company praised his "leadership and commitment to delivering excellence" in a birthday post that confirmed his new role at the logistics subsidiary.

LAX, who holds a bachelor's and a master's degree from the University of Salford in Manchester, returned to Nigeria after completing his studies and launched a music career that placed him at the center of the country's Afrobeats boom. He was introduced to Wizkid by celebrity stylist Toyin Lawani, who played his music for the superstar, a connection that helped accelerate his early profile. His debut album Rasaking, released in 2018, featured Davido, Maleek Berry, Duncan Mighty and Yemi Alade and established him as a credible voice in Nigeria's pop mainstream.

Hit records including "Gbefun," "Panana," "Ginger" and "Go Low" cemented his commercial profile and gave him a fanbase that stretches well beyond Nigeria's borders. The transition from chart-topping musician to executive director is an unusual move in the Nigerian entertainment industry, though one that speaks to the dual career trajectory that his academic background and family connections have made possible.

Taiwo Afolabi built SIFAX Group into a multinational spanning shipping, logistics, hospitality and aviation. The group's assets include the Lagos Marriott Hotel Ikeja, Skyway Aviation Handling Company and major port operations at Terminal C of the Tin Can Island Port and the SBA Inland Container Terminal. SIFAX operates in Warri and Banjul and has additional expansion projects in development, with Afolabi also holding luxury property assets including a mansion in Ijebu-Ode.

LAX's crossover from entertainer to executive director is part of a broader pattern across Africa's wealthiest founding families, where milestone occasions are used to formalize the next generation's entry into group operations. The appointment, timed to coincide with his birthday and announced through the group's social media channels, signals that the elder Afolabi is actively shaping a succession structure at SIFAX as the group extends its reach across West Africa and looks to deepen its presence in shipping and port infrastructure.

The intelligence satisfies curiosity. The paid briefings satisfy strategy.

Every Monday, Elite subscribers receive an Investor Memo breaking down the deal, the structure and the positioning behind the week's most consequential African wealth story - the kind of analysis that doesn't appear anywhere else.

Twice a month, a Wealth Intelligence brief profiles a single billionaire's holdings, cash flows and expansion pipeline in detail no public source matches.

Executive ($25/mo): Daily newsletter + Deep-Dive Reports

Elite ($75/mo): Everything above + Investor Memos + Wealth Intelligence + Quarterly Analyst Briefings

Subscribe now

Latest

African Wealth Briefing — Sat., May 9, 2026

African Wealth Briefing — Sat., May 9, 2026

Aliko Dangote plans a London listing of $13 billion Dangote Cement, reviving the 2018 attempt; Femi Otedola makes $36.5 million in paper gains as First HoldCo surges 10 percent on record Q1 results; Cobus Loots's Pan African Resources moves on a $219 million Emmerson Resources acquisition.

Members Public