|Born||Michael Adeniyi Agbolade Ishola Adenuga
29 April 1953
Ibadan, Oyo, Nigeria
|Residence||Banana Island, Ikoyi, Lagos, Lagos State, Nigeria|
|Education||Ibadan Grammar School|
|Alma mater||Northwestern Oklahoma State University
|Occupation||Founder of Globacom, Chairman of Conoil|
|Net worth||$5.8 billion (2017)|
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 $5.8 billion as of 2017, which makes him second-wealthiest Nigerian behind Aliko Dangote,as well as the third-richest person in Africa with a net worth of $14.1 billion
Early life and education
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.
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He was issued a conditional GSM licence in 1999; after it was revoked he received a second one when the government held another auction in 2003.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.
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.
- "Mike Adenuga". Forbes. Retrieved 19 June 2015.
- "Aliko Dangote". Forbes. 15 September 2012. Retrieved 11 June 2017.
- "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.
- Nsehe, Mfonobong (4 May 2015). "Nigerian Billionaire Mike Adenuga Offers $600 Million For Ivorian Mobile Phone Company: Report". Forbes. Retrieved 28 May 2015.
- "SPECIAL REPORT: Adenuga's Mountain of Debt: Several firms, AMCON chase billionaire for unpaid bills - Premium Times Nigeria". 27 June 2016. Retrieved 27 June 2016.
- Umoru, Henry (12 September 2012). "Adenuga's GCON well deserved – Presidency". Vanguard. Nigeria. Retrieved 26 July 2013.
Picture of Mike Adenuga in 1984........http://www.yeoal.com/2017/06/check-out-this-throw-back-picture-of.html