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Pendulum: The Empty Promises Nigerians Must Reject Today

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By Dele Momodu

Fellow Nigerians, finally, hopefully, the appointed time has come for the most anticipated Presidential election in Nigeria. It is not that the other elections are not important but the stakes are much higher because the President of Nigeria is probably the most powerful man on earth. He can do and virtually get away with any atrocity. A regular and normal human being instantly transfigures into a god or spirit on attainment of such monstrosity. And everyone including those you thought were already made in life and need no government patronage suddenly turn into jelly-fish genuflecting in the presence of the new deity. Such is the tragedy of our situation.
 
About this time in 2015, we were all excited about the new possibilities offered by our new President, Major General Muhammadu Buhari. Though I had many personal reservations about his inglorious and ignoble antecedents as a coup plotter and bloody dictator, many Nigerians like me were ready to give him another chance. Despite the regrets I harbour today, I’m glad I did with all my heart. Had we not, we would have been feeling extremely guilty that we wasted a good leader who could have turned our long-suffering country into Paradise on earth, like we wasted Chief Obafemi Awolowo and Chief Moshood Abiola, both of blessed memory. Awolowo would have been the best Manager of people and resources while Abiola would have been the best unifier ever who would have spared us the total breakdown of law and order and the menace of nepotism and terrorism that we have all over the places today.
 
On a personal note, my expectation of Buhari was hinged on the possible fact that having spent three decades outside power, after being sacked ignominiously, he would have improved his human relations and public image as a caveman whose obstinacy is just irredeemable. I was doubly assured that whatever was still lacking in the man could still be polished and garnished by the brilliant minds around him and beyond. But we were very wrong. Today I’m one of the leading wailing wailers, as the Buharideens call us, but I have no apologies to offer. God knows that I love my country above any soul and will passionately defend its interest without any shade of doubt. There is no unprintable name in the lexicon that I have not been called since I committed the supposed heresy of jilting Buhari, the last saint standing in the world. But I’m also as stubborn as President Buhari, if not worse. The more they attack and insult me, the more hardened and resolute I become. In my growing up years, I paid my dues for democracy in my own little way and corner and no one can bully me today for exercising the rights we won on the platter of pain and anguish.
 
I’m happy for a day such as this. Those who designed democracy were cognisant of the fact that leaders must go through periodic examinations called elections. Examinations are meant to test abilities in varying and various subjects. These days, course works have become integral parts of the final examination. If you did well ahead of the final examination, you may not have to labour much eventually. This has been the case in the matter of President Buhari who wasted the better part of four years with no remarkable marks but suddenly woke up when the main examination was knocking. A man who did not do his homework well, who was absent from seminars and tutorials, and acted rudely to his examiners is now asking to be promoted to the next class by all means, fair or crooked. He is being goaded on by his co-travellers in indulgent rascality who fail to realise that the world has since moved beyond their celebration of mediocrity which they see as achievement. A lot of stupendous investments have gone into preparing the head boy for this epic journey. To whom much is given, much is usually expected. The most nauseating excuse for the failure is the endless blame game. All the promises of performance and good behaviour have since gone up in smoke and what is left are the ashes of disappointments and gnashing of teeth.
 
A powerful and resounding message must be established from now onwards. No man or woman shall be promoted to the next class if they perform below average. Buhari was expected to deliver spectacularly in three key areas. The first was general insecurity in the country. At the time he ascended the throne, Boko Haram had become a major menade marauding in some parts of Northern Nigeria. A lot of faith was placed in Buhari to win the war against the recalcitrant fellows being a retired Major General. He succeeded in containing their expansionist ambition to some extent but not to acceptable standards. The unfortunate side to it is the breakout of other types of menacing hoodlums like the rampaging herdsmen who audaciously forayed into several states southwards and wreaked despicable havoc on farmlands and their hapless owners. What was worse, our head boy carried on as if nothing happened. There is no country where hordes of people would be killed like cows in abattoirs and life would continue as normal, the way it has been under this government. Nothing seems to move Buhari to show the human side of him except when it touches those very close to him. The case of Benue State would remain indelible forever as the bereaved were left to bury their dead with little or no empathy from the leader who is seeking re-election today.
 
The last administration of President Goodluck Jonathan was accused of uncommon profligacy in the disbursement of security votes allocated to the fight against Boko Haram. The then National Security Adviser, Retired Colonel Sambo Dasuki, a blue-blood from the Sokoto Sultanate, has remained in detention ever since Buhari arrived on the scene, on the allegations of gross malfeasance. He has neither been properly tried nor convicted by any law court. Bails have been generously offered by the Judiciary but not granted or obeyed by President Buhari. Strangely, President Buhari’s government has also bullied his way into getting approval for its own one billion dollar security votes despite large scale protest from the people of Nigeria. What is sad and saddening is the fact that not much has changed. Our usually gallant soldiers have become miserably exposed to danger at every turn. Many have lost their lives at such tender age leaving their loved ones to morn prematurely. Our fighters have been grumbling aloud about their poor welfare and wellbeing. How can a retired army General find himself in this embarrassing situation?
 
The next subject Buhari flunked is the war against corruption. Despite the commendable efforts of the anti-corruption agencies, it seems not much has happened due to the subliminal body language of the Buhari government in the open protection of friendly criminals. Unashamedly, the only point Buhari and the Buharideens are using to campaign is their phantom war against corruption. The bold face with which they label and attack members of the opposition is so brazen and daring. Wale Olaleye of Thisday newspapers and I had to plead with a mutual friend recently to stop calling PDP a party of looters when he had been one of its most prominent members and beneficiaries ever. “We won’t be able to defend you if you continue to say this in public…” I told our controversial friend.
 
The brand of Saint Buhari has deteriorated to the extent that he no longer discriminates in who joins him in campaigning or funding his party. It is so bad that even the President has become the Defender-in-Chief for some of his supporters caught red-handed on hot tapes. He has been speaking in staccato fashion in defence of his inner circle of friends. As the National Chairman of APC recently boasted, “once you join APC, all yours sins are forgiven.” It is apparently true.
 
The Buharideens have since unleashed a blistering campaign of calumny against the PDP Presidential candidate, Alhaji Atiku Abubakar. He has been labelled as the worst demon and biggest looter in Nigeria. First, they conveniently forgot that he was a major benefactor of their idol of worship, Buhari, pre-2015 election, pumping billions of naira into his campaign and releasing his private jet. He was not a devil at that time. If you remind them that he was only the Vice President, they will tell you he used his position to sell government companies to himself and cronies. Ok, let’s agree that wasn’t good enough. What became of those companies that others did not sell to themselves? Failure, perhaps. Atiku has established himself as a consummate entrepreneur in a country in dire need of jobs and opportunities. And if you ask them to pinpoint what Atiku stole, you will draw a deafening blank from them.
 
Let’s move to what binds all humans together, the economy. Even if Buhari could not improve on what was bequeathed to him by President Jonathan, the least expected of him was to stabilise the economy. But Buhari came with his usual braggadocio of big talk and little action. If truth must be told, his traditional negativity led to the manner Nigeria went straight into coma and recession. It was the same ill-informed decisions that led him and his acolytes to Golgotha between 1983 to 1985, when Nigeria from hero to zero. A new President was expected to offer hopes and confidence to his citizens and foreign partners but Saint Buhari had to first of all flex some muscles and pontificate on why he is the Messiah. Nothing else is impotant to him than the deification of his person and persona by his brainwashed supporters.
 
For Buhari and his ardent followers, there is always a ready answer for every act of commission or omission on the part of his government: what did PDP do in 16 years? PDP did so much in those years but it is not my job to defend them. If nothing else, PDP produced more quality leaders, and formidable teams than what we have today. Yet we dismissed them for non-performance. The reason we sacked them was because we believed they did not meet current standards in the world. But Buhari and his goons have now limited our search to finding a Pope to lead us as if we live in the Vatican. No. Who Nigeria needs and desires urgently is a performer who has enough experience and exposure in the corporate world and not a man fixated in the Stone Age acting as an avuncular leader.
 
By far the biggest problem caused by the Buhari government is the gory manner he has divided Nigeria along ethnic and religious lines. If a man who would come to seek votes from every part of Nigeria could act as recklessly as he did in the first term when he reduced Nigeria to a miniature Fulani nation, what won’t Buhari attempt to do when he no longer needs the rest of Nigeria. This should be the serious food for thought. I have no doubts that Nigeria cannot afford to waste another four years in endless strife and senseless ethnic and religious cleansing. I need not say more. God save Nigeria. 

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Behold the First Ever American Pope, Robert Francis Prevost

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Robert Francis Prevost, the first pope from the United States, has a history of missionary work in Peru but also a keen grasp of the inner workings of the Church.

The new Leo XIV, a Chicago native, was entrusted by his predecessor Francis, to head the powerful Dicastery for Bishops, charged with advising the pontiff on new bishop appointments.

The sign of confidence from Francis speaks to Prevost’s commitment as a missionary in Peru to the “peripheries” – overlooked areas far from Rome prioritised by Francis – and his reputation as a bridge-builder and moderate within the Curia.

The 69-year-old Archbishop-Bishop emeritus of Chiclayo, Peru, was made a cardinal by Francis in 2023 after being named Prefect of the Dicastery, one of the Vatican’s most important departments — and a post that introduced him to all key players in the Church.

Vatican watchers had given Prevost the highest chances among the group of US cardinals of being pope, given his pastoral bent, global view and ability to navigate the central bureaucracy.

Italian newspaper, La Repubblica, called him “the least American of the Americans” for his soft-spoken touch.

His strong grounding in canon law has also been seen as reassuring to more conservative cardinals seeking a greater focus on Theology.

Following Francis’s death, Prevost said there was “still so much to do” in the work of the Church.

“We can’t stop, we can’t turn back. We have to see how the Holy Spirit wants the Church to be today and tomorrow, because today’s world, in which the Church lives, is not the same as the world of ten or 20 years ago,” he told Vatican News last month.

“The message is always the same: proclaim Jesus Christ, proclaim the Gospel, but the way to reach today’s people, young people, the poor, politicians, is different,” he said.

Born on September 14, 1955, in Chicago, Prevost attended a Minor Seminary of the Order of St Augustine in St Louis as a novice before graduating from Philadelphia’s Villanova University, an Augustinian institution, with a degree in Mathematics.

After receiving a masters degree in divinity from Chicago’s Catholic Theological Union in 1982, and a doctorate decree in canon law in Rome, the polyglot joined the Augustinians in Peru in 1985 for the first of his decade-long missions in that country.

Returning to Chicago in 1999, he was made provincial prior of the Augustinians in the US Midwest and later the prior general of the order throughout the world.

But he returned to Peru in 2014 when Francis appointed him as apostolic administrator of the Diocese of Chiclayo in the country’s north.

Nearly a decade later, Prevost’s appointment in 2023 as head of the Dicastery came after Canadian Cardinal Marc Ouellet was accused of sexually assaulting a woman and resigned for age reasons.

The Vatican later dropped the case against Ouellet for insufficient evidence.

Prevost also serves as president of the Pontifical Commission for Latin America.

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Remembering Ife’s 50th Ooni, Oba Sijuwade Okunade

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By Eric Elezuo

10 years after the death of one of the most cosmopolitan monarchs Nigeria has produced, His Imperial Majesty Oba Okunade Sijuwade, Olubuse II CFR, family, friends and the traditional institutions are gearing up for a mother of all remembrance and memorial ceremony. Oba Okunade Sijuwade is the 50th Oni of Ife.

On Tuesday, at the elaborate Civic Centre, in the heart of Victoria Island, stakeholders and people of interest, gathered to inform the public through the media, veritable steps being taken to honour the progeny of Oduduwa and until his death in 2015, the prime custodian of the Yoruba tradition.

According to the invitation to the media briefing, organizers noted that the events are being held in conjunction with the National Council of Traditional Rulers under the Chairmanship of His Imperial Majesty, Oba Adeyeye Ogunwusi, Ojaja II, Ooni of Ife CFR and His Eminence Sultan Sa’ad Abubakar, the Sultan of Sokoto CFR.

In his address, the Curator and Consultant for the 10th year Memorial Celebration of His Imperial Majesty, Oba Okunade Sijuwade, Olubuse II, Dr. Oludamola Adebowale, described the event as a decade of legacy, while noting as follows:

“A Decade of Legacy: 10th Year Memorial Celebration of His Imperial Majesty, Oba Okunade Sijuwade, Olubuse II.

“At a press briefing held at the Civic Centre in Victoria Island, Lagos, the family of the late Ooni of ile-Ife, His Imperial Majesty Oba Okunade Sijuwade, Olubuse II, unveiled a series of cultural, intellectual, and commemorative events marking the 10th anniversary of the revered monarch’s passing. The Programme is a tribute to his enduring legacy as a custodian of culture, a bridge-builder across Nigeria, and a global advocate for African heritage.

“Organized in partnership with the National Council of Traditional Rulers of Nigeria, the memorial activities are spearheaded by the Co-chairmen of the Council, Ooni of Ife, His Imperial Majesty Oba Adeyeye Enitan Ogunwusi, CFR, Ojaja II, alongside His Eminence, Alhaji Muhammadu Sa’ad Abubakar, CFR, the Sultan of Sokoto.

“A key highlight is a Three-State Inter-School Debate Tour featuring students from King’s College, Lagos; Abeokuta Grammar School; Oba Sijuwade’s alma mater; and Oduduwa College, Ile-Ife. The theme, “Traditional Governance vs. Modern Democracy: Which Best Preserves Cultural Heritage?’ invites students to explore the relevance of indigenous leadership in today’s world. The final debate presentation will be held on July 25, 2025.

“Another major feature is the Grand Memorial Exhibition, showcasing rare photographs, personal items, and archival materials from Oba Sijuwade’s life and reign—many being displayed publicly for the first time. The exhibition features collections from the National Archives of Nigeria, the UK National Archives, Horniman Museum & Gardens (UK), and the African American Research Library and Cultural Center (Florida), home of the Dr. Niara Sudarkasa Collection and also the Sijuwade Personal Collection.

“The exhibition is curated by renowned cultural historian and archivist Dr. Oludamola ADEBOWALE.

“A national symposium titled “Unifying and Securing Nigeria’s Future Through Traditional Institutions” will gather traditional rulers, scholars, and policymakers to examine the evolving role of indigenous leadership in peacebuilding, national identity, and governance.

“The grand finale of the memorial will take place in Ile-Ife, the cradle of Yoruba civilization. It includes a church thanksgiving service and solemn prayers at the late Ooni’s mausoleum—concluding the memorial in dignity and grandeur.

“Looking ahead, the Sijuwade family announced a series of legacy projects, including:

– A Nubian Jak Blue Plaque at his former London residence, recognizing his global impact in cultural diplomacy.

– The launch of a commemorative book detailing his life, leadership, and international engagements.

– The development of the Oba Okunade Sijuwade Memorial Hall and Museum in Ile-Ife to preserve his legacy and Yoruba heritage.

“This far-reaching initiative reflects the far-sighted vision of Oba Okunade Sijuwade—an imperial figure whose reign was defined by grace, wisdom, and an unwavering commitment to cultural excellence. These legacy projects are not only tributes to his memory but enduring pillars that will continue to inspire future generations in Nigeria, across Africa, and throughout the global diaspora. Through them, the timeless values he embodied—dignity, unity, heritage, and leadership—will live on, shaping a future deeply rooted in the strength of tradition and the promise of progress.

OBA OKUNADE SIJUWADE (1930 – 2015)

According to accounts obtained from Wikipedia, the life and times of Oba Sijuwade is captured as follows:

Born January 1, 1930, Alayeluwa Oba Okunade Sijuwade CFR, was the 50th traditional ruler (or Ooni) of Ife from December 6, 1980 to his death on July 28, 2015. He reigned for 35 influential years, taking the regnal name Olubuse II. His installation ceremony was attended by the Emir of Kano, Oba of Benin, Amayanabo of Opobo and Olu of Warri, as well as by representatives of the Queen of the United Kingdom.

Sijuwade was born to the ruling House of Sijuwade which is a fraction of the Ogboru ruling house, Ilare, Ile-Ife. His paternal grandfather was Ooni Adelekan Sijuwade – Olubuse I the 46th Ooni of Ife who ruled from 1884 – 1910. While his father was Omo-Oba Adereti Sijuade (1895 – 11 May 1949) and his mother was, Yeyeolori Emilia Ifasesin Sijuwade (nee Osukoti Adugbolu), from the town of Akure. He was a Christian and in November 2009 he attended the annual general meeting of the Foursquare Gospel Church in Nigeria accompanied by 17 other traditional rulers. He declared that he was a full member of the church and said all the monarchs who accompanied him would now become members. At his birthday celebration two months later, the Primate of the Anglican Communion described Sijuwade as “a humble monarch, who has the fear of God at heart”.

Oba Okunade Sijuwade or Prince Okunade Sijuwade as he was then called started his elementary education at Igbedin School, Abeokuta from where he proceeded to Abeokuta Grammar School under the governance of the well-known educationalist Reverend I O Ransome-Kuti, who was the principal of the school. Upon leaving Abeokuta Grammar School, Oba Okunade Sijuwade transferred to Oduduwa College in Ile-Ife before attending Northampton Technical College in the United Kingdom to study business management.

He worked for three years in his father’s business, then for two years with the Nigerian Tribune, first as a reporter then a sales executive before going to university.

By the age of 30, he was a manager in A.G Leventis, a Greek-Nigerian conglomerate. In 1963 he became Sales Director of the state-owned National Motors in Lagos. After spotting a business opportunity during a 1964 visit to the Soviet Union, he formed WAATECO a company to distribute Soviet-built vehicles and equipment in Nigeria, which became the nucleus of a widespread business empire. He also invested in real estate in his hometown of Ile Ife. By the time Sijuwade was crowned Ooni in 1980 he was already a wealthy man.

Shortly after becoming the 50th Ooni of Ife, Oba Okunade Sijuwade founded Sijuwade Group, which he was the chairman of. The conglomerate operates in several sectors including oil and gas, infrastructure, real estate, industrials, and hospitality. The company holds partnerships with several multinational companies such as Centrica, Equinor (formerly Statoil), CCC, Eser and RCC (Reynolds Construction Company) and has executed over $2 billion worth of contracts and projects in Nigeria.

When Sijuwade became Ooni of Ife in December 1980, he inherited an ongoing dispute over supremacy between the obas of Yorubaland. In 1967 a crisis had been resolved when Chief Obafemi Awolowo was chosen as the leader of the Yoruba. In 1976 the Governor of Oyo State, General David Jemibewon, had decreed that the Ooni of Ife would be the permanent chairman of the State Council of Obas and Chiefs. Other Obas led by the Alaafin of Oyo, Oba Lamidi Adeyemi said the position should rotate. The dispute calmed down when Osun State was carved out of Oyo State in August 1991, but ill will persisted.

Towards the end of 2009 a more local dispute between the Ooni, the Awujale of Ijebuland and the Alake of Egbaland was finally resolved. Sijuwade traced the dispute back to a falling out between Obafemi Awolowo and Ladoke Akintola during the Nigerian First Republic, which had led to a division between the traditional rulers.

In February 2009, Sijuwade helped mediate in a dispute over land ownership between the communities of Ife and Modakeke, resolved in part through the elevation of the Ogunsua of Modakeke as an Oba. The new Oba, Francis Adedoyin, would be under the headship of Oba Okunade Sijuwade.

Oba Okunade Sijuwade had 4 wives and 20 children in total. His wives were:

  • Yeyeluwa Oyetunde Sijuwade, Oba Okunade Sijuwade’s first wife and the first Yeyeluwa of Ife. She was the mother to Prince Adetokunbo Sijuwade.
  • Olori Morisola Sijuwade, Oba Okunade Sijuwade’s second wife and the second Yeyeluwa of Ife from 1986 after Yeyeluwa Oyetunde Sijuwade’s death.
  • Olori Oladunni Sijuwade, Oba Okunade Sijuwade’s third wife and the daughter of the very popular politician Chief Adedamola Harold-Sodipo.
  • Olori Odunola Sijuwade, a princess of Ila-Orangun and the daughter of the revered Ila-Orangun, Oba William Ayeni.
According to Forbes Oba Okunade Sijuwade was the third Richest King in Africa. He also owned several residentials properties in Nigeria and the United Kingdom including Chester Terrace, Grosvenor Square, and a country home in Burnham, Buckinghamshire. In the 80’s, shortly after Oba Okunade Sijuwade became the Ooni of Ife, he visited President Rajiv Gandhi of India and King Fahd Al Saud of Saudi Arabia at the invitation of both countries to foster friendly relations between them and Nigeria. Few years later as Ooni, he visited Japan to meet Emperor Akihito along with Emir Ado Bayero of Kano.

Activities are expected to kick off in mid June 2025, and terminate late July, 2025.

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Mike Adenuga @72: A Life of Impact, Sacrifice, Love and Unending Philanthropy

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By Eric Elezuo

Who’s making more impact than him!

Who has more love for Nigerians and fellow human beings than him?

Who has made more sacrifice for humanity that him?

Whose act of philanthropy is compared to his?

None, and absolutely nobody!

It is coincid3nce therefore, that the birthday of Nigeria’s most prolific giver, Dr. Mike Adenuga Jr. GCON,CSG, CdrLH, the ebullient Chairman of one of the most subscribed network, Glo, is always the most cherished time of the year among lovers of good things. And here we are again as the pride of Africa turns 72!

And of course, there is no better time than now when the entire world stands in awe and admiration as he takes two years into the great septuagenarian cadre to share the story of his inspirational, audacious and tenacious existence. Yes, the world’s major philanthropist is 72.

Known as the Spirit of Africa, Adenuga’s story is better felt than told, better expressed than imagined. Well known but hardly seen, his story is the kind that will be so legendary that an -ism will be added to his name because his business trajectory and personal philosophy are uniquely his-and therefore worthy of emulation.

Some call him The Guru, others refer to him as the The Bull or most recently, the Spirit of Africa, one thing is sure, Adenuga is like the proverbial Iroko tree who is unlike any other. In terms of humility, pedigree, magnanimity, wealth and portfolio of investments, he is one of a kind.

In any area of business that he plays, he almost always makes significant impact and the facts are there for all to see.

When the Federal Government decided to give indigenous businessmen licences in the dollar-denominated but capital-intensive upstream oil sector, Adenuga was one of those who applied.

Unlike others who sold their licences for quick bucks, Adenuga, the visionary, decided to go into full scale prospecting and exploration. The gamble paid off as one of the wells that was being drilled struck oil, making his company, Consolidated Oil, the first indigenous Nigerian company to discover oil in commercial quantity.

Ever since that historic event of Tuesday, December 24, 1991, he had popped many bottles of choice champagnes and sipped some bottles of exotic cognacs to celebrate the execution of many mega deals.

Despite his success, Adenuga believes business must have a human face, it must add value, it must have an impact and ultimately, be socially responsible. These are some of the core values that he considers before throwing his money into any investment.

That is not all, he also firmly believes that the world is a field of battle and you must prepare to win, not some time but all the time. He’s a mountain climber like the Tibetan Monk, who believes that you must survive all odds to get to the top.

Incredible tales have been told about his amazing capacity for work. He is known to sleep very little when there is work to be done and he expects his staff to imbibe the same work ethic. Though generous, he is said to have zero tolerance for incompetence or sloppiness. With him, you must be on your toes every time.

It is therefore no surprise that his targeted investments and the grace of God Almighty have placed him well ahead of the authentic list of billionaires. His never-give-up spirit is well known and it is this force that has driven him to achieve feats many mortals will think are impossible.

In the entire continent of Africa, Dr. Mike Adenuga is in a class of his own-and therefore, it is inconceivable to actually put him in the same sentence or list as any of the others. He is without any shadow of doubt, Africa’s hidden treasure.

The reason is simple: Unlike many others whose worth can be calculated via their listed companies and assets, Adenuga’s intimidating wealth is usually in the realm of speculations, they are mostly privately-owned- which is reason he is usually given any position that meets the fancy of the publications.

Truth be told, Adenuga has no rival. He is a symbol of endurance, entrepreneur extraordinaire and self-made business titan who is certainly one of the wealthiest black men in the world.

HIS EARLY LIFE

Born on April 29, 1953 to Oloye Michael Adenuga Sr and Chief (Mrs) Juliana Oyindamola Adenuga, the Yeyeoba of Ijebuland, Otun Gbadebo of Ikija and Iyalaje of Ijebu-Igbo, Dr. Mike Adenuga Jnr was not a silver spoon kid but his parents were comfortable.

The indigene of Oru, Ijebu-Igbo, Ogun State was born and schooled in Ibadan. He attended the famous Ibadan Grammar School. He had his university education in the United States. He majored in Business administration with emphasis on Marketing.

While in school, to augment the allowance sent by his parents, he worked as a cabbie (Taxi Driver), putting in many hours of work a week. This culture of back-breaking hard work shaped him for his ambitious business adventures later in life.

HIS FAMILY

Dr. Mike Adenuga Jr is married to Mrs. Titi Adenuga (nee Adewale). She provides the comfort and stability that such an incredibly busy man requires. His children are Oyin, Babajide (Bobo), Paddy, Bella, Eniola, Bimbo, Sade and ‘Niyi Jnr. He also has grandchildren. This close knit family members will be the ones around him today as he celebrates his birthday.

HIS BUSINESSES

As soon he finished his studies in the United States, Dr. Mike Adenuga Jr. returned to Nigeria. His mother was into business, and it was under her tutelage that he began trading. It is probably because of the tremendous impact that she had in his life as Business Adviser that he adored her so much. Before she passed on in 2005, he dotted on her.

Dr. Adenuga Jr, who is the youngest of his parent’s five children, began by selling removable car stereos. Probably sensing his business acumen, he was allowed to run the family saw mill factory in Ogun State.

He began to steadily grow the business. First, he went into the importation of saw mill equipment, then veered into importation of beer eventually hitting it big with his importation of lace.

Recounting those early days, the businessman extraordinaire said he was returning home from a trip in the United States when he missed his British Airways flight and had to fly Swiss Air. On that flight ,he was lucky to sit next to the owner of one of the biggest lace manufacturing companies in Austria.

He, it was, who convinced him before the flight touched down to give lace importation a shot. He took this advice and the reward was good. Later, he also went into tomato puree and vegetable oil. He was a sort of Jack of all trades and master of all. By the age of 26, he was already a millionaire.

As he grew older with more financial muscle, he decided to streamline his operations and look for investments in key sectors of the economy to concentrate on. That was how he began to structure the Mike Adenuga Group where he is Chairman.

When General Ibrahim Babangida decided to break the monopoly of foreigners in the oil industry and encouraged Nigerians to participate, Adenuga was one of those who took up the challenge.

His company, Consolidated Oil applied for and was granted some oil blocs. It was a very risky decision and even his mother advised him against it. He spent over $100 million on evaluation, interpretation and drilling. His courage and tenacity paid off when Consolidated Oil became the first Nigerian company to explore, discover and produce oil in large commercial quantities. Now called Conoil Producing Limited, it is currently the leading indigenous oil and gas exploration and producing company in Africa.

Years later in year 2000, he bought over the moribund National Oil and Chemicals Company (NOLCHEM), taking over the government’s majority shares. He has since injected fresh funds into the company and rechristened it Conoil Plc.

Conoil Plc has over 450 retail outlets all over the country and is the acknowledged leader of development in modern retail outlets such as mega stations and non-space pumps in new-look retail outlets. It is the market leader in aviation fuels.

Adenuga’s most ambitious project yet is in telecommunications. His company, Globacom is the Second National Operator in the country. The first is the government-owned NITEL. It is obvious that with Globacom, Adenuga is not interested in short-term profit, he is there for the long haul and of course, his desire is to give Nigerians and Africans world class telecommunication services.

When he launched the network, he was two years behind the others, Adenuga’s entry strategy was to be innovative and aggressive. He waged a price war, democratized and demystified telephone services. Today, the ultimate risk taker has taken Globacom from the nadir to the zenith of the industry.

Glo was the only operator in Africa to launch its operations on the superior 2.5G network which enabled the convergence of voice, data and multimedia technologies.

But more importantly, it launched operations on Per Second Billing, thus ensuring subscribers only pay for actual time spent on a call instead of the practice of billing customers N50 per minute even when the call cuts off at just 2 seconds. It also crashed the cost of SIM card from N30,000 to N6,999 and later N100, thereby making it possible for low income earners, students and artisans to own GSM lines today. It is now one of the most recognizable brands across the continent.

The network currently has over 60 million subscribers, and is the most preferred network in Nigeria, with a vast network of already laid fibre crisscrossing all parts of the country.

The Globacom network comprehensively covers over 400,000 communities, all the 36 states and all major highways. Globacom has highly successful subsidiary networks operating in other West African countries.

Reputed to be very hands-on in the operations of his businesses, Dr. Adenuga, whose daughter, the cerebral Mrs. Bella Disu is the Executive Vice Chairman, Globacom, still gets briefs on the day-to-day running of his business empire.

Glo 1 This is the only solely-owned high capacity submarine cable with connection to the USA and running from the UK through African and European countries. It has been and continues to be a huge commercial success at the heart of the socio-economic development of Nigeria.

It is remarkable that it is a Nigerian company that has pulled off this ambitious project. One of Adenuga’s close associates said the idea of building a submarine cable berthed when the entrepreneur went on a business trip to Paris, the French capital, sometime around 2008.

While there, he found out that telephone calls to Nigeria were epileptic unlike the connection between France and other parts of Europe. When he made enquiries about what could be done to solve the problem, he was told it was to have an international submarine cable. There and then, Dr Adenuga decided to build Glo 1, and the rest is now history. The project is a testament to the entrepreneurial spirit and foresight of ‘The Guru’.

Dr. Mike Adenuga Jr also has vast holdings in the banking, real estate and infrastructure sectors of Nigeria.

It is not hard to imagine that Adenuga is the richest man in Nigeria, and indeed Africa, and of course when one quantifies wealth in terms of liquidity, and not stocks. He is unmatchable.

HIS SUPPORT FOR SPORTS

His passion for giving is not only personal, the culture has also been imbibed by his companies especially Globacom. Through Globacom, he became the biggest supporter of football in Africa.

For so many years, the company supported the development of Nigerian sports through the sponsorship of the Nigerian Premier League and the national football teams of Nigeria when no other corporate organisation wanted to touch the assets.

Globacom spent billions of naira in developing the Nigerian league and clubs, and this culminated in Enyimba Football Club winning the prestigious Champions League twice in a row, while the Super Eagles won the Nations Cup in 2013.

In that same 2013, the company signed a N1.9 billion deal with Nigeria’s league Management Committee. The company also did same for other associations and major leagues in Africa.

Dr. Mike Adenuga Jr. also started a football revolution with the sponsorship and transformation of the yearly Glo/CAF Footballer of the Year Awards. He is the undisputed pillar of sports in Africa.

HIS GIANT STRIDES IN CULTURE AND CREATIVE INDUSTRY

Nigeria’s entertainment industry has also received a massive boost through Adenuga’s love for the arts expressed through Globacom.

No company in the nation’s private sector in the last two decades, has consistently invested largely in Nigeria’s entertainment industry like Globacom Limited.

Adenuga’s vision is reflected in Glo’s youth-driven ecosystem. There is no strata of Nigeria’s entertainment industry that you will not find the signature of Glo on it: from music to acting to comedy to sports, etcetera, the list is long.

Glo has come to be regarded as a network of stars. No corporate organization has had the kind of constellation of entertainment heavyweights as it brand ambassadors as Globacom. All through the years, the cream of the country’s musicians, footballers, literary icons, actors, actresses and comedians have either be signed on as brand ambassadors or featured in the company’s commercials.

Some celebrities who have graced Glo’s Hall of Fame include: King Sunny Ade, Ebenezer Obey, Osita Osadebe, Oliver d’ Coque, Prof Wale Soyinka, Yusuf Maitama Sule, Nelly Uchendu, Onyeka Onwenu, D’Banj, MI Abaga, PSquare. Others are Rita Dominic, Ini Edo, Juliet Ibrahim, Matter Ankomah, Davido, Wizkid, Flavour, Gordons, Basketmouth, I go Dye, Teniola, Brother Shaggi, Mikel Obi, Victor Moses, Osaze Odemwingie, Joselyn Dumas, Michael Essien, Anthony Joshua, etcetera.

The most recent in the list of Glo’s ambassadorial list is Ime Bishop Okon, better known as Okon, a favourite comedian among entertainment buffs.

While the commercials that featured these stars helped to market the Glo brand and make it a household name, the partnership benefited these celebrities very well as it served as strategic public relations for their individual brands and its attendant financial gains.

So far, no corporate organization has touched the lives of these celebrities like Glo. The advent of Glo has really been a blessing to celebrities in the industry and beyond. The most interesting factor is that Glo is still in the business of investing in the industry despite excruciating economic realities in the country.

Nigeria is a reservoir of talents when it comes to entertainment, and it seems Dr. Mike Adenuga Jnr. understands the nitty-gritty of talents discovery, and spotting hidden treasures, especially as it effects the youths.

This explains Glo’s humongous investments in talent hunt shows in the last eighteen years. It has sponsored shows like: Rock ‘n’ Rule, GloNaiga Sings, Laffta Fest, and the world number one music singing talent reality TV show, X Factor, which birthed in Africa for the first time in 2013.

Others are Slide and Bounce concert, an entertainment tour which went round all the geopolitical zones of the country as well as Glo Mega Music Show and Glo’s Battle of the Year, which gave the winners a life-changing N9 million prize money, a Toyota Hiace bus valued at N25 million and other prizes.

Similarly, the nation’s art and culture have also been positively touched by Globacom. From Ojude Oba in Ijebu-Ode, Ofala in Onitsha, Lisabi in Abeokuta, Imeori in Abriba, Oru – Owerri in Imo state, Afia- Orlu In Nnewi, Anambra State and Abia –Ugwa in Isialangwa in Abia State.among others. The company has through sponsoring the festivals not only brought them to international limelight, but has also turned the host cities into major tourist attractions.

HIS PASSION FOR PHILANTHROPY

He is without doubt, the most generous Nigerian alive. He gives ceaselessly and carelessly. He is an angel of mercy; giving is living for him.

Describing Adenuga’s large heart in an article, The Boss Newspaper Publisher, Dele Momodu, wrote “Everyman should wake up and pray to meet and become good friends with the Spirit of Africa. Trust me, it is worth every second of it. Just imagine a man who dashes out the same kind of cars he drives to friends.

“He buys these expensive cars in multiples. I have been a beneficiary a few times, so I know. I have a friend who got a Range Rover while his wife got another jeep. How nicer and kinder can one be? No amount of money is too much for Adenuga to shell out on his family and friends. And he really does not expect anything in return. If you have done him a favour then you are truly triply, not doubly blessed, since Dr. Adenuga never forgets such favours and offers recompense even beyond your wildest dreams. Dr. Adenuga believes that his friends are entitled to the same kind of material things that he wishes for and buys for himself. He has no jealous or mean streak in him in that respect”.

Adenuga’s former close aide, Bode Opesietan also stated “Dr Adenuga’s generosity is legendary. He gives personal rewards like no other billionaire. If God has given you this kind of resources, it is not for you and your family alone” he would say”.

“All year round he splashes generous gifts on extended family, friends, associates, staff and the less privileged. He has a long list of beneficiaries he touches with life-transforming gifts. He is detailed and exquisitely tasteful, not only in the quality of gifts but also the manner the gifts are presented”.

Also during the peak of the COVID-19 pandemic, Adenuga was the first to donate N1.5 billion to fight the dreaded coronavirus scourge. He set the stage for other Nigerians to contribute to the management of the scourge. That is typical of the Guru, he leads, others follow.

According to Adenuga “How much money can one individual or his family enjoy? You must spread it and touch lives…that is what brings true happiness and joy. What’s the point if your friend is wealthy and it doesn’t show on his friends”.

There is nothing more to add. When it comes to philanthropy, Adenuga is in a class of his own! Indeed generosity is in his DNA!

HIS PHILOSOPHY OF LIFE

Dr. Adenuga’s morals and proclivity are dictated by his abundant wealth of experience in life. He’s a very intelligent man who is vastly read and widely travelled. As a result, he not only understands the innate cruelty of man to fellow man, he has also on occasions experienced this first-hand to his surprise and chagrin. These experiences have shaped his thoughts and actions.

Dr. Adenuga loves integrity and loyalty. Because he hardly goes out, he is able to monitor people and events quietly from his desk and home.

Aside from this, He has had to navigate his way through the murky waters of Nigerian politics. Dr. Adenuga avoids and shuns politics like the plague. He does not believe that he must be involved with politics in order for his businesses to survive or thrive.

All he campaigns for is an avenue to do business on a level playing field because he knows that he can survive and outlast most people. He considers himself one of the fittest and the best, if not the fittest and the best since he is methodical, calculating and highly industrious and energetic.  As he says often, he is hiding his head under the parapet as he is non-aligned and does not want this to be mistaken for support for one side or the other. He knows Nigeria and Nigerians very intimately, and does not want to attract unnecessary attention to himself or his business.

He is a sagacious  and very methodical man, who rewards excellence. He does not suffer fools gladly. Most of his offices around the world are open 24 hours. There is always somebody to take his calls. When he has a brain wave, his adrenaline level pumps on over drive and he activates action immediately. Everyone who knows Dr. Adenuga knows he dislikes the word impossible. He is a workaholic, pure and simple.

HIS LIFE STYLE

You can call him an enigma, and you will not be wrong. He is a very shy gentleman, a trait that many mistake for arrogance. Before Globacom, Dr Adenuga Jnr was one of Nigeria’s silent billionaires. He was making his money without fanfare. Then came Glo, and he became one of the most recognizable Nigerians alive.

Till date, he hardly attends public functions and even if he does he sneaks in without any fuss and leaves even before the Master of Ceremonies recognizes his presence.

Despite this elusive persona, those who have met him can attest to his ebullient nature. He is one man who catches his fun when he is in the mood. He has very fine and elegant taste. A connoisseur through and through.

Contrary to what many think, he still finds time to unwind most times only in the company of his inner circle of friends and family.

Dr. Adenuga is neither ostentatious or extravagant in his style and dress. For him moderation is the value of life. In the early days, it was obvious he loved safari suits, but these days nice flowing shirts which mostly have his personal crest emblazoned on them are the norm.

Of course like all billionaires, he loves powerful cars, nothing over the top or attention-seeking. And as per flying, he has the accoutrement that fits his jet set, super executive lifestyle, which means he has long forgotten what it looks like to fly commercial.

HIS LOVE FOR FRANCE

Dr. Mike Adenuga has always had a great affection for France. And for its language and culture. And as a great admirer of the high ideals and achievements of the people of France, he often visits the country, where he also owns property, for extended visits. In his business dealings too, he has maintained a productive and valuable relationship with French interests.

It was out of this desire, love and affection for France that he ardently supported the development of Alliance Française in Lagos, in the wish to see that its activities, efforts and initiatives could be enhanced, and its reach and appeal increased.

In endowing the concept and construction of the elegant new institute, Dr Mike Adenuga Jr has affirmed his deeply held commitment to the ongoing friendship between the people of France and the people of Nigeria, and is proud to have been able to facilitate and foster that friendship through the building of the Mike Adenuga Centre. The brand new, ultra-modern Mike Adenuga Centre was unveiled by French President, Emmanuel Macron in 2019.

It is for this great act and his humongous investments that the French president deemed it fit to bestow on him the country’s highest national honour.

HIS HONOURS ROLL

For his contribution to economies and communities across the globe, Dr. Mike Adenuga has been appreciated with so many awards, traditional titles and honours. The most prominent are the national honours from Nigeria, Ghana and France.

In Nigeria, he holds the highest civilian honour of Grand Commander of the Order of the Niger (GCON), this honour was hitherto reserved for mostly vice presidents.

In Ghana, he was awarded the highest civilian honour of Companion of the Star of Ghana (CSG). According to  then President John Mahama, who conferred the indefatigable businessman with the honour at a state ceremony: ”You have touched many lives in Ghana. You have provided employment for our teeming youths, artistes, footballers and many more. I am particularly proud of you. This award is our way of a saying a simple thank you.”

The entrepreneur extraordinaire was also decorated with the Chavalier de la Legion d Honnuer (CdrLH),  the highest National honour of France, by French President, Emmanuel Macron.

Explaining why the French Government decided to confer the honour on Adenuga, President Macron, who described the consummate businessman as a true model of Africa, noted that he had contributed immensely to the African and French economy.

He also applauded Adenuga for his promotion of the French Language and culture in Nigeria. There is no shadow of doubt that Dr. Mike Adenuga Jnr is the most accomplished Nigerian businessman of our time.

FORBES’ ESTIMATION 
Much as Adenuga’s humongous wealth is liquid, Forbes still manages to scale him among billionaires in its periodic categorization. Presently, he is worth about $7 billion, according to Forbes.

Adenuga remained among the top spot of Africa’s richest persons and Nigeria’s second wealthiest, outpacing very many others, according to Forbes rating.

Known for his diverse investments in oil, gas, telecommunications, banking, construction, and real estate, Mike Adenuga notably shook up the African telecom sector with the launch of his telecommunications network, Globacom Limited (Glo), in August 2003. In recent times, his net worth has surged to $6.9 billion from $6.1 billion in 2023, solidifying his rank as Africa’s fifth-richest person and Nigeria’s second wealthiest, according to Forbes World’s Billionaires List.

Dr. Adenuga is many things and more, and today, we raise a toast to the impressive African treasure and business phenomenon

Happy 72nd birthday sir!

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