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Adenuga @ 65: Why the Gold Digger Remains the Real McCoy

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By Olabode Opeseitan

It was around mid-day on June 29, 2012. I was neck-deep in work when the call I dreaded most came through. The pleasantry was unusual, very curt. The voice at the other end advised me to be strong and take it like a man. Even without saying it, I knew instantly I had lost my dad who had been on admission at the Obafemi Awolowo University Teaching Hospital, Ill-Ife.

When I visited him one week before his demise, I had a morbid fear he might not make it but I shrugged the thought off and cast my burden on God, hoping that by some strokes of luck, he could pull through. He never did.

I was completely rattled. The macho man in me melted like a bowl of ice cream under a scorching sun. I wept uncontrollably in the private rest room in my office. Our office assistant, Tosin (who later acquired a university degree and became our receptionist), coincidentally came to my office while I was sobbing. Alarmed, having never seen me in that condition, she asked, “Oga, ki lo se yin” (Boss, what’s the matter?).

The seemingly harmless question triggered even a bigger meltdown. As I attempted to answer her, I burst into a ball of tears and sobbed like a baby. Scared, she dashed out and within what seemed like seconds, my office was bursting at the seams with my colleagues. I hated to be seen in that circumstance but I couldn’t help it. I was an emotional wreck. They consoled me and insisted I must leave the office immediately. They arranged for a driver to take me home, insisting I could not drive in that situation. As the driver pulled up in my house about 30 minutes later, my phone rang and it was my Chairman, Dr. Mike Adenuga Jr on the line. I picked the call with a stoic resolve never to give any inclination of the tragedy that just befell me. “Ah. Bode, pele, pele (sorry, sorry, referrencing my loss).

What happened? Was he sick? How old was he?, he asked several questions in quick succession. As I answered him, what was racing through my mind was how did he hear about it so swiftly? I remembered him saying sometime in the past that, “the walls have ears. You cannot be in my position and be oblivious of developments around you”. Quite instructive! He assured me he would stand by me all the way and asked me to let him know when the burial arrangement had been firmed up. Until we did the burial a month later, Dr. Adenuga, who I fondly called Baba, kept a close tab on the arrangements we were making. He shocked me when he said repeatedly even at official meetings that he would attend the event. Though he eventually did not, he supported me morally and financially.

After the event, he asked me to give him the list of all those who supported me financially so that he could say thank you to them. I did not bother him with that but his gesture spoke volume about the genuine heart of a man many had come to love, loathe or dread. That was not the first time Dr. Adenuga would go beyond the call of duty to show unfeigned care for either my humble self or numerous other people working for him. In another personal instance, he had asked the trio of Yinka Akande, Celestine Amucha and my humble self to represent him at the commissioning of House of Ovation, Accra in October 2006 as a reciprocal and appreciative gesture to the Ovation Publisher, Bashorun Dele Momodu for his steadfast loyalty over the years. Unfortunately, we could not get a flight to Accra as all the flights were fully booked. We decided to go by road. Somehow, Chairman, who Dele Momodu incidentally calls the Spirit of Africa, got wind of our plan. He could not believe that young executives in this era could voluntarily opt to go through such an arduous journey in order to fulfill their boss’ mandate.

Right from when we got to Mile 2 to board a public transport till we got to Accra, Dr Adenuga was checking up on us at regular intervals. As if he had a crystal ball through which he was gazing at us (I knew it couldn’t have been any tracking device because back then, Mr. Chairman at best enjoyed using his legendary Nokia Communicator for only calls and text messages until in later years when he added internet browsing), he was calling either by the time we were just reaching or leaving a border point. “You should be at Seme now”, “How is the journey going, are you at Ilaconji now?”, “Are you in Aflao now?”, he kept checking up on us till we got to Accra safely when he finally heaved a sigh of relief and said, “Thank God”. How many bosses would send their staff on assignments and keep checking up on them to find out about their safety and welfare? One of his closest aides then, Prince Tunde Akinyera said Chairman was not at ease until he knew we had reached Accra. He knew the route very well, having traversed it severally when he was building his business empire, crisscrossing from Nigeria to Cote d’Ivoire, the headquarters of African Development Bank. Corroborating that, Chairman would share stories of his experience in those days at each of the borders.

The most poignant was when he missed the closing time at the Lome-Ghana border on his way back to Lagos by a few minutes. The gendarmes snubbed all his earnest entreaties   and he had to pass the night in his car right at the border crossing. What made his gesture more significant was that Dr Adenuga himself was going through his personal travails about this time. He was on self exile after ceaseless harrassments by  Nuhu Ribadu’s Economic and Financial Crimes Commission who we later heard, had the mandate to nail him at all cost. Time after time, Chairman showed that he was not a General who would send his men to the war front and go to sleep. I ran several errands locally and internationally for him. More than fifty percent of the time, he would call to find out about one’s welfare and the trip. “Awe o”, he would utter in his rich baritone voice even at 5.30am. “Did you make it to the airport in good time? Safe flight and good luck”, he would say as his signature way of giving one moral support. Dr. Adenuga treated me more like his son than an employee. When I wanted to leave Globacom last year to run a family business, Chairman was displeased. Somehow, he felt I would stay with the business longer. However, having spent 14 years supporting in my own little way our much appreciated Chairman’s vision, I pleaded to be excused. Chairman took it harder than I envisaged. Since I made my intention known in April last year until I left in July of the same year, all channels of communication came to a near screeching halt. Knowing that I was not doing anything deliberately to hurt Baba or his business, I stuck to my plan. A few days before my departure from the system, he gave a directive that I should lead a delegation on an international assignment. I carried out the assignment diligently but left as scheduled afterwards.

Almost one year later, Dr Adenuga reached out to me and said the unthinkable. One of Africa’s richest men apologized for the way the system took my decision to leave. He painted my modest contributions glowingly and asked me to return if I wished. I deeply expressed my gratitude to him for his support over the years. He is the quintessential leader with an unimaginable capacity to ride above the storm of the past and reset his relationships with people when he felt the need to do so. Severally, he has recalled or reabsorbed former members of staff who left in the most dramatic circumstances. Some came back voluntarily while he himself reached out to others. For him, it is not about the sentiment but the value the individual has to offer. Yet, there were exceptional instances when he reabsorbed people mainly because he pitied their prevailing circumstances. He epitomizes the deep Yoruba axiom that, “ti a o ba gbagbe oro ana, a o ni ri eni ba sere”, meaning that one needs to banish past disputes into distant memories in order to continually have people to play (or work) with. A couple of years back, Dr. Adenuga shared with me the rationale behind some of his actions. He said at the end of the day when everyone would have retired to their respective homes, he would play back the events of the day in his mind and ask himself hard questions, “Am I fair to him/her? Was he/she fair to me?” He said this was a routine he regularly observed in order to set matters right. Whoever knows Dr. Adenuga would readily concur that he is a genius who has a memory as sharp as a tack. He only needs to meet you once and if he sees you years later, he would recall every detail about you. When he uploads you with various assignments, you would only have yourself to blame to think he has forgotten any of them. Don’t be shocked if you get a call from his office asking you for an update. That alone is triple-filtered trouble. Chairman wants you to be ahead of him. He will spare no rod if he is always the one “chasing after you” for results.

In one of his informal mentoring classes, Dr. Adenuga told me that, “Never rely exclusively on human memory. No matter how sharp, it fails sometimes. As often as possible, once I’m giving someone an assignment, I’m writing it down and posting it somewhere as a stark reminder until the job is done”. In his heart, Adenuga has selected some people as his circle of brothers, friends and family. He has taken it upon himself to sort such people out in life. At intervals, he reaches out and takes care of them in a “life-liberating manner” as a popular writer who later joined politics once described his unconventional generous disposition. In that circle are family members, friends, former Presidents within and outside Nigeria, celebrities, traditional rulers, some members of staff and a mixed grill of other people decided exclusively based on his own parametres.

This often includes indigent people or people totally unknown to him but who are in dire straits. From the blues (as he did severally), Chairman once called me to find out how a media personality who had been supportive in the past was doing. When I enquired and reverted to him that the person was going through a rough patch, he got his office to send the person a ‘hefty’ cheque in the hope that it would help the person to “fill some holes”. He sets his   standards high and abides by the standards no matter whose ox is gored. He hardly attends functions. His priorities have always been his business and in later years, he has opted to strike more delicate balance between business and family. You will never see Dr. Adenuga confronting government even when he has enough reasons to fight. His philosophy is that Nigerian governments are too powerful. As such, any businessman who has too much at stake can only fight a sitting government at his peril. Intrinsically, he has internalized that profound saying amplified by King Sunny Ade’s song, “Ojo ni wa a o b’enikan s’ota, eni eji ri leji n pa (we are raindrops, we bear no grudge against anyone, rain falls on everyone). He is friendly with any government of the day. Much more importantly, he minds his own business.

He also has an almost unimpeachable understanding of the political and business terrains of Africa. He has friends in high places across the continent. In business, Chairman adopted the famous Michelle Obama philosophy of when they go low, we go high to his investment in oil and gas. About three years ago, the price of oil headed for a free fall in the international market. Discouraged, many big players stopped investing. Several oil rigs which hitheto were hard to come by became readily available. He wasted no time to strike when the iron was red hot, pumping millions of dollars into the business to develop oil fields allotted his company. The gold digger made the right choice. From the $20s per barrel in 2016, the price of oil is now inching nearer the  $80  mark in 2018. Talk about vision, wisdom and pressing the hot button at the right moment.

For over two and half decades, Dr. Adenuga has been digging gold in oil and gas, telecoms, banking, construction and in the process has become the real McCoy, the real deal. In numerous instances, he has made unimaginable successes while on few occasions, things didn’t go quite as well as planned. A man of immense resources and extensive knowledge, he is also ready to admit that he does not know it all. As an imperfect creation, he knows he is not without blemish. He draws substantially from the lessons of his triumphs and shortcomings to shape his actions. As he marks his 65th birthday, one can only wish Dr. Adenuga many happy returns.

Olabode Opeseitan is the Founding Partner of SA&B Mega Resources.

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Expert Tasks Youths on Education, Skills Acquisition

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‎The Special Adviser to the Delta State Government on Entrepreneurship Development, Donald Peterson has tasked youths to be prepared for their future and acquire skills relevant to the demand of today’s market.

‎He spoke at Youth Empowerment forum in Asaba via his non governmental organization outfit, D-Peterson Foundation.

‎Donald Peterson who has built a reputation within Nigeria’s development and public policy space, stated that Nigerian youths should dig deep within and arm themselves with the required discipline and skills acquisition to become a better version of themselves.

“The future awaits only those that prepare themselves and you need to do prepare yourself with the right skills to forge out a career and not give excuses why you cannot attain at your dreams,” says Peterson.

‎The professional with a background spanning academia, governance and nonprofit leadership, operates at the intersection of policy formulation and grassroots implementation working closely with state institutions and local communities to translate entrepreneurship policies into practical programmes aimed at job creation, small business development and inclusive economic participation across Delta State.

‎Peterson who is the President and Founder of the NGO, D-Peterson Foundation, dedicated to education, youth development and community empowerment, has implemented structured interventions supporting access to higher education, vocational and digital skills training, as well as small business grants—particularly targeting women and young people. Its impact has grown steadily, attracting attention as Nigeria continues to confront challenges related to youth unemployment, educational gaps and economic inclusion.

‎Speaking during the foundation’s 2025 Yuletide outreach programme, Peterson says, “The organisation was established in response to an urgent need for practical, community-based solutions. He noted that the foundation prioritises long-term impact over short-term relief, with a deliberate focus on equipping beneficiaries with skills and resources that promote self-reliance and sustainability.”

‎Peterson has also been vocal about the role of nonprofit organisations in national development. He argues that Nigeria’s social and economic challenges are too complex for a single approach, stressing that complementary initiatives can help reach underserved communities while fostering collaboration rather than competition within the development sector.

‎An academic by training, Peterson holds degrees in economics, business administration and finance from institutions in Nigeria and the United Kingdom.

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Legendary Gospel Singer, Ron Kenoly, is Dead

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Legendary gospel singer, Ron Kenoly, has passed away.

Kenoly’s death has been confirmed by several artistes via their social media pages.

He was 81.

Top Nigerian minister, Nathaniel Bassey, wrote on Instagram: “Dr Ron Kenoly crosses to yonder side.

“Thank you for inspiring generations of psalmists like me.

“I grew up on these songs. And today, others are growing up on ours.

“Thank you sir.”

Kenoly was behind hit songs like Majesty, righteousnes, peace & joy, Anointing, All honour, Sing out, among others.

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Memoir: My Incredible 10 Years Sojourn at Ovation by Eric Elezuo

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By Eric Elezuo

It seems like yesterday, but like a joke well cracked, a whole 10 years have come and gone since I ventured into the new lease of life called Ovation Media Group. The experience has been a pot pourri of incredibilty, sensation, hits, near hits and a mixed fortune of the good, bad and ugly. Of course, what does one expect?

The Ovation brand has been not only big, but larger than life. To us out there savoring their sensational releases in terms of publications, it was much more than a media organisation, but something in the neighborhood of myth tingled with legendary. In my little circle, people talked about Ovation Magazine as a garden of Eden that can only be imagined with utmost reverence, but can never be reached or accessed.

Sometimes, you hear people talk about an event, and the next thing you hear is ‘even Ovation covered it’. That alone is a proof that there was nothing ordinary about the occasion. It was only meant for ‘gods’ in human form; the be all and end alls of world politics, entertainment and enterprise. Ovation was just big, so big among Africans that describing it will completely leave one gaping and lost for words.

If the brand was this huge, you can imagine what the mention of the brain behind it, Dele Momodu, conjure to the mind, of both the speaker and the listener. He was the big masquerade that can only be felt, heard and never seen except for the members of the inner caucus. At a stage, I vowed to be a member of this inner caucus. I didn’t know how it would happen, but I decided something; that when I would get married, Ovation would be there to cover it, the cost notwithstanding. I knew I would’ve been rich enough to afford their services, and so come face to face with the big masquerade, Dele Momodu himself. Well, I’m still not ‘rich enough’, but I have not only come face to face with the big masquerade, but has risen to become the Editor of the most sought-after celebrity journal in Africa, and all its appendages or titles including The Boss Newspaper and Ovation Television.

The day was Wednesday, January 20, 2016, when I first sat face to face with Chief Momodu, who over the years has steadily and graciously transformed into Aare, Dr among many impressive titles, in the company’s then new office at Opebi, Ikeja. It was my interview to be absorbed as a Correspondent into the organisation. The opportunity dropped on my lap, made possible by my good friend and ex-classmate at the University of Lagos, Mr. Mike Effiong, who was the substantive and hardworking editor then.

My desire to work with Ovation transformed into hunger when I discovered that Mike, as I use to call him at UNILAG, or Editor, as I called him when with I joined the organisation, was the second-in-command. I told myself, and to wife that if only I could reach out to Mike, it would be easy to know availability in the organisation. We were very close at close though he was already very career minded then, supping and dining with those that matter in the industry at that level. The last I saw him before his Ovation rise was when he was at Encomium Magazine. We lost contact afterwards. It was the days of no GSM. They were moving with pagers. I had no such privilege. I can’t remember exactly how his number dropped on my lap one day many years after. I called and got to him. We reconnected, and reminisced. I was a school teacher then. I seized the opportunity to explain that I still wished to practice journalism. We have had the discussion earlier shortly after graduation. He invited me to his office – then at Excellence Hotel, Ogba. We met in the ‘luxurious’ lobby of the hotel the day I came. There was no place for me then as he told me. Though I was disappointed, I doubted if I was ready for the kind of job description I noticed that day. Mike seasoned my coming by patronizing my book. Yes, I was marketing my first book then, ‘The Dedication Tragedy’, and was fresh from Master’s degree class after getting my Masters in International Law and Diplomacy (MILD) from the University of Lagos.

We lost contact again. It was not until 2015 he returned my call, after several calls, and talked about a certain ‘The Boss’, which is the newest brainchild of the organisation. I was ready to move to anything, that can help me offset my highly accumulating bills. I was working with National Mirror, where I was owed months of salary. The funniest part was that I moved from Newswatch, where I was owed years of salary to National Mirror. Incidentally, both organizations were owned by one person. That’s a story for another day.

So on that fateful January 20th of 2016 after several failed appointments owing to Chief Momodu being out of the country, we finally met. The interview was sharp but detailed. It was beyond paper qualifications though I was armed with requisite qualifications. It was a case of wits, reposition of knowledge and ability to navigate through the world of news gathering and dissemination, and not forgetting ability to withstand pressure and travel at short notice. I did not only nod in the affirmative to all, but proved my hunger in words and action to take up the challenge. I was found worthy, and asked to assume duties. I requested for the rest of the month to sort myself out. There was nothing to sort out. I just needed time to calm my head, and douse the euphoria so as not to make a mistake on the first day.

So on Monday, February 1, 2016, I appeared completely suited with tie to begin a new trend in professionalism. The suit was just appropriate for a worker, who has not been paid for ages, if you get what I mean. I was slammed with the title of Correspondent, but given a job description that equalled editor, reporter and supervisor combined. I wrote, edited, proofread, set page, go on field assignment, publish and share. It was a handful, but I was happy to have a job, and the job I wanted. So I adapted with equanimity. In fact, my publisher was a no-nonsence person. Mistakes were not permitted. Missing deadlines were taboos. Tough as it was, it toughened me. Today, I’ve graduated from being a better journalist to whatever you can think of.

Shortly after assuming office, I got the privilege to interview and engage staff, mostly interns to work directly under me. My first staff was Temitope Ogunleye, a young corper from Kogi State University. She is still with me today, having grown in leaps and bounds. Others followed including Morakinyo Ajibade from Nigerian Institute of Journalism, David Adeyemi, Isaac and  Annabelle from Babcock University and Mariam. Ajibade is also still with me today. His level of growth is tremendous. There were many others, and they are all helpful to my career success. There was also Joguomi, Victoria, Christiana and many others. I did my best to support their mentoring, and they are performing brilliantly in their various worlds.

This is not forgetting the men with the camera I met on ground and those that joined afterwards; Koya, Ken, Iroko, Funmi, Solomon, Abraham, Femi, Ben, Tunde, Daala Taiwo, Abbey and a host of others. We did many things together including our botched Christmas party. That happens to be the biggest blow any staff has suffered. Today, it’s worth looking back at, and laughing loudly at.

It has not all been rosy though; twice I have been sacked for operational deficiency (not incompetence), and twice I have been restored for obvious reasons. And today, God is still helping us.

In 2020, I was upgraded to the post of Assistant Editor of The Boss Newspaper, and in late 2021, I was elevated to the position of Editor, The Boss Newspaper.

In November 2023, precisely on the sixth, I was privileged to be considered and appointed as the Editor of the Ovation brands or Ovation Media Group. The editor of Ovation is a title for the General Administrative and Editorial Head of the Group, answerable to only the Publisher and Board of Directors.

My appointment was sequel to the elevation in politics of my immediate boss, Mike Effiong, who was appointed as Senior Special Adviser to the Governor of Akwa Ibom State.

It’s not yet uhuru though. I’m still learning and taking instructions from superiors in the industry and elsewhere. I must add that humility and acceptance of everyone I’ve met in the line of duty, has helped in no small measure to fasttrack my growth. Yes, I can beat my chest and say that I have delivered, and still delivering.

Yes again, I’ve not been able to traverse the globe as regards traveling or amass wealth, but my experience can dictate for any world leader. It is worth noting that waking up to work for Ovation every day (morning, afternoon, evening, night and midnight including wee hours), and this is not an exaggeration, but bare facts, has taught me life, in both the hard and acceptable ways.

To my boss of inestimable value, Chief Dele Momodu, my appreciation is limitless; my friend of many years, Mike Effiong and past and present staff of the brand, thank you for the opportunity. I don’t know where the next 10 years will meet us, but I know for sure it would be in a good place, and much bigger than we are today.

Cheers to February One!

Eric Elezuo is the editor, Ovation Media Group, and writes from Lagos

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