Mike Adenuga
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| MIKE ADENUGA |
Mike Adenuga is the second richest Nigerian and 106 in the world according to Forbes , with over a networth of 10 Billion dollars. He is the CEO of "Globacom", which is Nigeria's second largest telecom operator and has also extended to Ghana and Benin. He owns stakes in the "Equitorial Trust Bank" and the Oil exploration firm "Conoil".
BIOGRAPHY
His father, the Oloye Michael Agbolade Adenuga Sr, was a school teacher, his mother Juliana Oyindamola Adenuga (née Onashile of Okesopin, Ijebu Igbo) a businesswoman of royal Ijebu descent. Adenuga received his secondary school education at the Ibadan Grammar School, Ibadan and Comprehensive High School, Aiyetoro for his Higher School Certificate(HSC). He worked as a taxi driver to help fund his university education. He graduated from Northwestern Oklahoma State University and Pace University, New York with degrees in Business Administration.CAREER
In 1990, he received a drilling license and in 1991, his Consolidated Oil struck oil in the shallow waters of Southwestern Ondo State, the first indigenous oil company to do so in commercial quantity. He was issued a conditional GSM licence in 1999; after it was revoked he received a second one when the government held another auction in 2003. His telecom company Globacom spread quickly and started challenging the giant MTN Group. It launched services in Benin in 2008, and has continued its spread across Ghana and Côte d'Ivoire, with more licences currently being prospected in other West African countries.He was named African Entrepreneur of The Year at the maiden African Telecoms Awards (ATA) on 15 August 2007. In 2009, Adenuga was detained for money laundering by the Economic and Financial Crimes Commission. Adenuga left the country and lived in London until the Umaru Musa Yar'Adua regime granted him a pardon. In May 2015, Adenuga made a takeover bid to purchase Ivorian mobile telecom's operator Comium Côte d'Ivoire for $600 million.[8] In June 2016 it was revealed that Adenuga was being pursued for a combined debt of USD $140.5 million, after his company ConOil failed to pay debts owed to, among others, the French oil giant Total. Bellbop, another company owned by Adenuga, has an interim injunction placed on it by the High Court in Lagos, after failed to pay USD $9.4 million it owed to the US oil and gas firm Baker Hughes.
OTHER NEWS
Mike Adenuga has recently made a bid to by the Ivorian Telecoms operator company for 600 million dollars in other to expand on Globacom. a company that has been grappling with debt and cash flow problems.If the deal goes through, Globacom will have succeeded in extending its brand presence in West Africa. Already, the mobile telecoms operator has operations in Nigeria, Ghana and Benin Republic. Globacom, which already owns an international carrier services licence in Cote d’Ivoire, reportedly plans to invest over $1 billion in upgrading Comium-CI’s network over three years.
Mike Adenuga is currently 63 years old, with his company "Globacom" having 32 million subscribers. He is indeed an Achiever.
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