Mike Adenuga
Mike Adenuga
 | |
|---|---|
| Born |
Michael Adeniyi Agbolade Ishola Adenuga 29 April 1953 Ibadan, Oyo, Nigeria |
| Residence | Banana Island, Ikoyi, Lagos, Lagos State, Nigeria |
| Nationality | Nigerian |
| Ethnicity | Yoruba |
| Education | Ibadan Grammar School |
| Alma mater |
Northwestern Oklahoma State University Pace University |
| Occupation | Founder of Globacom, Chairman of Conoil |
| Net worth | $ 3.2 billion (September 2015)[1] |
| Children | 7 |
Michael Adeniyi Agbolade Ishola Adenuga Jr (born 29 April 1953) is a Nigerian business tycoon, and the second richest person in Nigeria. His company Globacom is Nigeria's second-largest telecom operator, and also has a presence in Ghana and Benin. He also owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil (formerly Consolidated Oil Company). Forbes has estimated his net worth at $3.2 billion as of September 2015[1] which makes him second wealthiest Nigerian behind Aliko Dangote, and the sixth richest person in Africa.[2]
Early life and education
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.[3] 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He was issued a conditional GSM licence in 1999; after it was revoked he received a second one when the government held another auction in 2003.[4][5] His telecom company Globacom spread quickly and started challenging the giant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.[6]
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.[7]
In May 2015, Adenuga made a takeover bid to purchase Ivorian mobile telecom's operator Comium Côte d'Ivoire for $600 million.[8]
Honours
In 2012 he was made Grand Commander of the Order of Niger (Nigeria).[9]
References
- 1 2 "Mike Adenuga". Forbes. Retrieved 29 September 2015.
- ↑ Dele Momodu (15 September 2012). "Lessons from Mike Adenuga". ThisDay Live. Retrieved 2 August 2014.
- ↑ "Spotlight on Mike Adenuga: Why Is He Called "The Bull"?". Ventures Africa. 5 May 2012. Retrieved 21 June 2013.
- ↑ Telecom licence
- ↑ "Globacom @ 10: A Remarkable Story". This Day Live (Nigeria). 29 August 2013.
- ↑ Keluro, Caesar (8 November 2011). "Mike Adenuga, An entrepreneur with the nine lives". BusinessNews.
- ↑ osaseye
- ↑ Nsehe, Mfonobong (4 May 2015). "Nigerian Billionaire Mike Adenuga Offers $600 Million For Ivorian Mobile Phone Company: Report". Forbes. Retrieved 28 May 2015.
- ↑ Umoru, Henry (12 September 2012). "Adenuga's GCON well deserved – Presidency". Vanguard (Nigeria). Retrieved 26 July 2013.