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Secured Anchorage Area: Nigeria Set To Lose $195m Over Contract

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By Michael Effiong & Eric Elezuo
There are strong indications that Nigeria stands to lose the sum of $195 million dollars being the cost of a contract being proposed for an Isreali-owned company, HLSI Security Systems and Technologies Limited, to take over the Secured Anchorage Area (SAA) which was operated by Nigerian-owned Ocean Marine Solutions Limited (OMSL).
The Boss investigation revealed that despite the fact that the SAA has been running successfully for the past six years with no cost to the Federal Government, some officials in the President Muhammadu Buhari administration are seriously bent on dismantling it for reasons that may not be altruistic and nationalistic.
It has been a running battle in the past few months between the operators of the SAA, Ocean Marine Solutions Limited (OMSL), the Ministry of Transport and the Nigeria Ports Authority (NPA), and it was no surprise that the matter made headlines.
Documents obtained by The Boss as well as extensive investigations conducted by this publication has uncovered startling revelations.

Capt. Hosa Okunbo

The SAA battle took a serious turn on November 7, 2019, when a motion was raised following an alarming letter by the Nigeria Ports Authority (NPA) on alleged illegal security activities perpetrated by Ocean and Marine Solutions Limited (OMSL) at the Secured Anchorage Area (SAA), Lagos port.
The Senate then detailed a 44-man (including three members from the secretariats) joint committee, comprising Navy, Marine Transport and Finance to investigate the matter.
Their terms of reference were to determine the legality of the operations, its revenue, security implications and the legality of the entire chain of the operation.
It also mandated the joint committee to investigate the lingering quarrel among the agencies with a view to resolving the security impasse it will bring to the nation as well as the legality of OMSL and its operations.
The Senate, considering the importance of the matter allowed four weeks for the conclusion of investigation and reports, as well as approved three independent Chairmen, to forestall manipulations of any kind. The Chairmen were: Senators George Sekibo, Mohammed Danjuma Goje and Senator Solomon Adeola Olamilekan.
Giving a background of how the SAA began, OMSL Chairman, Capt Hosa Okunbo during the hearing, stated thus:
“OMSL started in 2007 at the height of militancy where this country was producing less than 300,000 barrels a day. The late Admiral Augustus Aikhomu, who was the first Chairman of OMSL, and who had been a one-time Chief of Naval Staff, was the one who came up with this idea.
“He had referred to a company in London, that provides  platforms to the Navy to protect the fisheries industry in the North Sea, and also referred to Indian Ocean where private companies would procure platforms to the Indian Navy to protect the oil and gas industry. At this time, it was just an intervention and we wrote to the Navy in 2007.
 “We started this business with just three vessels because it was pertinent to open risk tracks which has shut down with production of 70,000 barrels per day. There were bullet holes on Shell EA Field; Addax was attacked on daily basis, and Shell was going to close the whole of Eastern production because of hoodlums in Bonny. There were numerous challenges, and we came in; we intervened, in national interest.
“I want to see one Nigerian businessman who would want to procure a vessel of over three, four million dollars, sometimes up to six million dollars and hand it over to the Navy completely, without insurance, to defend this country. Nobody was ready. We took the risk. And the 70,000 barrels were restored.
“We stood in the gap between the Navy to carry out their statutory responsibilities, and the oil companies, who were ready to pay for our services. If we were to pay the Navy, then prices would have been crazy. We took that responsibility, sat with the oil companies, and everything was benchmarked in line with industry practices.
“Before OMSL strategy, Navy men were put on vessels, they were put on tug boats and house boats and when pirates came, they were killed. They killed a lot of Navy men, and I am surprised why the Navy is not talking. Your men were killed in this country until we came on board to find the solution. Many operations were then restored, Shell EA production of 200,000 barrels per day was restored, Addax too ran to us, Bonny too restored, that was how we started borrowing money to buy vessels. And that is how we were able to build this capacity we are talking about today.
“At the advent of amnesty, all the conditions the Navy presented to us, we met in 2007, leaving none out. If you remember, there was a time all shipping activities were relocated to the West African coasts. If you want to clear your goods, you go to Lome, Cotonou and Accra. There was high piracy rate in Lagos.
“We were invited by the Navy in line with our success in the past and because of our capacity, to come and help; that was how we came. They asked us to provide this platform for the Navy. It is just like you buying a bullion van for the police to protect the cash that banks carry. That’s the simple thing we are talking about.
“We provided the platform and maintained it at our own cost, but what happened. We wanted to stop in the first year because we were losing so much money. We went to Norway, London, Singapore, South Africa at our own cost to meet with ship owners to tell them, listen you are bringing mercenaries to our shores costing you $22,500 per day at $7,500 per mercenary, when our company can give an equivalent service at lesser cost, more of a stipend for their vessels. They agreed that it was a win-win situation. That is how SAA started. And if we were to pay money to NPA or Navy, the cost probably will be higher because we did a proposal to Navy, and they gave us the go-ahead with a caveat that as long as we don’t come back to government for anything, and that was how we embarked on this business.
“At no time, having been operating this service for six years and procuring these equipment, did NPA call us for a collaboration, or to say you are making so much money here, let us rent your vessels, don’t charge any fees, we would have agreed. There was no discussion whatsoever, the only thing we saw was some stories on the pages of newspapers; after all these investments? And the most painful of everything was derogating my integrity and image. That is what is bothering me, not the business.
“I am not running this business because of money. I have served this country meritoriously with honesty, with my integrity intact. At the moment, I have 50 vessels with the Navy that could go to war for this country without recourse to OMSL. They don’t need to contact us before they go to war. That is the extent of our commitment to national development. Our records are there; in Nigeria National Petroleum Corporation (NNPC), our records are there in IOCs and others.
“My grouse in this whole matter is my integrity that has been tampered with; that NPA never called us for a meeting; NPA never contacted us to inform us we are terminated.
“And the Navy; it’s very obvious that you were aware that they wanted to dismantle SAA. Did you call us at anytime to tell OMS that this is the plan of NPA?. And we have an MOU with you on which we are operating? So, we will stand in the gap for you and this country and you treat us like nobody; with all these investments? The issue is not money, but my integrity. I have over 50 vessels with you, and with all my investments with you then you throw me out of the window like that and derogate my character; that is unacceptable! Capt Okunbo stated.
The committee also took presentations from nine critical stakeholders as respondents. They were: Federal Ministry of Transportation, The Nigerian Ports Authority, The Nigerian Maritime Administration and Safety Agency (NIMASA), The Nigerian Navy, Ocean Marine Solutions Limited (OMSL), Nigerian Shippers Council (NSC), National Association of Government Approved Freight Forwarders (NAGAFF), Ship Owners Association of Nigeria (SOAN) and Marine Section of the Nigerian Police.
In its submission, the Navy outlined the situation that prompted the establishment of the SAA and the services that OMSL has provided in the last six years. It maintained that the SAA was legally constituted, and as such ran no foul of the law. They posited thus:
“That the Safe Anchorage Area (SAA) was established sequel to series of stakeholders meetings led by the Nigerian Ports Authority (NPA) that held at its headquarters in 2013.
“That the resolutions reached at the stakeholders meeting on the establishment of the secured Anchorage Area (SAA) were submitted to the management of the NPA and NIMASA for ratification
“That upon the ratifications, NPA published a Marine notice on the establishment of a Secured Anchorage Area (SAA) on page 48 of the Guardian Newspaper of Friday 4th April, 2014.
“That the Nigerian Maritime Administration & Safety Agency (NIMASA) also released a Marine Notice to mariners on the establishment of the Secured Anchorage Area (SAA) in the Vanguard Newspaper of 27th of November, 2013.
“That the operation of the SAA entailed availability of platforms and provision of logistics for round the clock security of Lagos Anchorage.
“That the services of Private Maritime Logistics Supports Companies (PMLSC) had to be leveraged in order to effectively patrol the area and the Navy was faced with dearth of platforms.
“That approval was gotten from the Ministry of Defence with support of the Office of the National Security Adviser (ONSA) for the Navy to collaborate with PMLSC in providing dedicated patrol vessels.
“That the approval and acceptance of NPA and NIMASA enabled the Nigerian Navy to sign an MOU with OMSL for the operation of the SAA
“That the OMSL is not operating illegally as it has an extinct MOU with the Nigerian Navy; That OMSL was among twenty nine other PMLSCs that the Nigerian Navy collaborated with and eventually operated the SAA.
“That the secured Anchorage Area (SAA) has been operated by OMSL since 2013,”
And it rounded off its presentation with a warning thus “That the stoppage of the SAA operated by OMSL without provision of an immediate alternative could lead to security lapse and return the Lagos Anchorage approach to security dangers as experienced in 2012 and 2013.
It will be recalled that there was rising insecurity in the maritime domain, especially in October 2012 when the Navy seized a foreign flagged ship carrying arms and ammunition. This and more, OMSL noted while making its presentation before the joint committee
The organization noted that the rising insecurity prompted a series of brainstorming sessions among relevant government agencies such as NPA, NIMASA, NNPC and Nigerian Navy on issues bothering on ship to ship operations, security and environmental protection. The idea was to provide comfort for the users of the Nigerian coastal waters.
That was not all, OMSL hinted that the insecurity, which was reaching its peak, had compelled foreign vessels seeking berthing slots in Lagos to stay outside Nigerian territorial waters up to a distance of 200 nautical miles where they believed pirates can’t reach them or prefer to come into the country with foreign mercenaries for their safety.
Furthermore, Nigeria was losing business and huge revenue to neighbouring countries such as Benin, Togo and Ghana as foreign vessels found solace in their ports.
It is also on record that the intervention of OMSL not only reduced the heightened insecurity, but wiped it out, creating a safe haven for foreign and local vessels to berth and operate. The intervention of OMSL was however, not automatic; it followed laid down due process.
In the first place, its pedigree as a result of successes recorded while being engaged by reputable firms caused the Nigerian Navy to introduce the company to NPA and NIMASA.
OMSL was subsequently invited to series of strategic meetings with stakeholders on how to provide security on the harbour approaches, and a deal was officially struck.
The company went out of its way to provide the needed services by undertaking significant investment in the acquisition of assets and logistics backup required by the Navy to offer all round patrol services.
OMSL stated further in its submission presented by its MD, Rear Admiral Aminu Oyone Ikioda (rtd):
“That the company has provided various forms of security services to International oil companies (IOCs) operating in the country particularly at the height of militant attacks in 2007
“That the intervention of the company led to the continuous production of oil and aided in combating the effect of drastic drop in national oil production and revenue accruing to both government and IOCs
“That on the basis of the publication of the maritime notices, OMSL was encouraged to develop and submit a business plan to support the SAA operations which would guarantee return on investment at no cost to government
“That upon receiving the approval of the Nigerian Navy, OMSL proceeded to undertake significant acquisition of assets and logistics Backups required by the Nigerian Navy to offer dedicated 24/7/365 security patrol services demanded by some of the vessels that desired extra protection while waiting offshore Lagos for berth allocation of conducting STS transfer operations.
“That the services of the SAA facility was embraced and accepted by foreign vessels owners putting into consideration the safety, security and environmental protection that will be rendered to them, and were ready to pay for such…”
“That there was no budgetary allocation by any government agency to provide the kind of unique service required to run the Secured Anchorage Area (SAA)
The Shipowners Association of Nigeria (SOAN) in its presentation strongly recommended that the current SAA arrangement should not be tampered with. According to it:
“The SAA facility had helped in increasing the presence of the Nigerian Navy at the sea and serves as deterrence to pirates and other criminals in the sea
“That the SAA is operated by the Nigerian Navy that is saddled with the responsibility of protecting the Nigerian waterways and as such will not have any negative security implication
“That SAA operation has drastically helped to reduce freight cost and other associated charges while also reducing waiting time of vessels.
The Ship Owners then asserted that the stoppage of the SAA facility will render Nigerian ports unattractive to shippers, as ships will be prone to attacks, and urged that the status quo should remain and supported to compliment the general maritime security provided  by the government.
National Association of Government Approved Freight Forwarders (NAGAFF) lauded the establishment of the SAA as its operation is at no cost to Government but users of the platform.
Noting significantly in a presentation by its President, Chief Increase Uche “That the amount paid by ship/vessel owners for the services rendered at the SAA is so insignificant and cannot add any reasonable cost on cargos compared to cost of ransom, damage, destruction or loss of cargo through sea robbery, piracy and kidnapping.
In its presentation, Nigeria Ports Authority (NPA), represented by its Managing Director, Ms Hadiza Bala-Usman, noted that it discovered that in its drive to streamline the operations of the authority and to reduce the cost of doing business in the Nigeria sea ports, there was a Secured Anchorage Area which is different from the  designated Safe Anchorage Area known to it.
She asserted “That the OMSL charged vessel owners $2,500 for the first day and $1500 for the subsequent days for its services without remitting same to government. She went on to reveal that NPA “is proposing to put in place a structure that will secure the designated anchorage areas within Lagos”
The Transport Ministry noted in its presentation by the Minister of State for Transportation, Sen. Gbemisola Ruqayyat Saraki, that it was written to on October 16, 2019 to intervene in respect of a Marine Notice published by NPA about the stoppage of the SAA without putting into consideration the huge investment made in the SAA and successes recorded so far.
It told the committee that based on that letter, and the one written by the NPA to the Navy to stop the SAA, it called for a meeting of stakeholders on December 9, 2019 “to deliberate holistically and take appropriate action, the outcome and resolution has not been made public”.
It however noted: “That the ministry agrees with the fact that the Marine notice issued by NPA for the stoppage of SAA operation by OMSL was hasty as there was the need to interact with all stakeholders to review the situation before issuing such proclamation.”
The Marine section of the Nigerian Police was also quick to point out at the hearing that its agency sent notices to Mariners informing them of the availability of the SAA.
Speaking through the Force Marine Officer, CSP Benjamin Ogungbure, the section noted that “OMSL through the SAA had provided security platform for ships berthing at offshore to the Lagos ports to utilize but the management of NPA are not fully in support of the operation and that the SAA is situated 10 nautical miles away from the Fairway Bouy which is outside the jurisdiction of the NPA.”
In their report, which was endorsed by the general membership of the upper legislative chamber, the joint committee acknowledged that the operations of OMSL at SAA was legal and set up without bias to any establishment as it collaborated with the only entity saddled with the responsibility of providing security, the Navy.
It noted that it was no one’s business the modalities the Navy chose to go about its security apparatuses.
Again, given the fact that NPA also provide anchorage services, where it means that using SAA is optional, and that the SAA anchorage is located far from the jurisdiction of the NPA, it is therefore, surprising the aggressive attempt to dismantle a facility that has not broken any law or operated outside constituted authority.
The committee recommended that OMSL should be commended for its ‘genuine national interest in investing over four hundred million dollars ($400,000,000) into the security of the SAA in particular and the Nigerian waterways in general’.
This is as the organisation provided needed platforms and logistics for the Navy to effectively perform patrol operations round the clock and protect vessels waiting to berth at Lagos ports.
It also stated that OMSL committed no fraud in its operations, and as a result should be allowed to continue its operations at the SAA pending when a better and cost effective alternative is put in place. It finally noted that OMSL is performing its duties at no cost to the government.
Despite the glaring endorsement of OMSL by the Joint Senate Committee, the Minister of Transportation, Rt. Hon. Rotimi Chibuike Amaechi, is insisting that the operation was illegal. And is now propping up another company to take up the same responsibility.
In February, 2020, Amaechi had said the Secured Anchorage operation was suspended because “it was criminal and illegal to create anchorage for purpose of providing security, which ordinarily should be the responsibility of the government, stating it was his personal decision, and not Bala-Usman’s NPA, which brought the knowledge of the existence of the facility to him.
The Boss investigation revealed that the company being proposed to take over the responsibilities that was handled by OMSL is run by Israelis.
Further investigation disclosed that the company, HLSI, incorporated under the Laws of Seychelles with a local subsidiary functioning from Abuja, Nigeria, may not have the requisite capacity to deliver.
The Boss checks revealed that though the SAA facility issue was only raised in 2019 before the senate, a contract had already been signed in July 2017, and this fact was not revealed to the 44-member Joint Committee.
Documents obtained by The Boss revealed that on July 27, 2017, a Deep Blue Contract was signed by the Federal Ministry of Transportation, NIMASA and HLSI titled “System of improving the control of Nigeria’s Economic Zone”.
HSLI International is a company incorporated under the laws of Seychelles with a registered office in Cyprus! Its local subsidiary, HSLI Systems and technologies is located in Wuse II, Abuja and represented by Mr. Pinhas Moria and Mr Oren Chaluzi, said to both be Israelis.
The Ministry of Transportation stated that its reason for embarking on this project was “to increase its monitoring and compliance enforcement within Nigeria’s exclusive Economic Zone (EPZ) due to illegal activities that have increased and intensified in the Gulf of Guinea in recent time”.
The document further reveals “The Contract Sum for this Project shall be the sum of $195,300m equivalent to N59, 839, 920 billion naira, while 10% the sum $19, 530,000 will be for Management Training”. HSLI is to establish an integrated National Coastal Surveillance and Waterways Protection solutions…”
It is curious that a little known foreign company, HSLI is being offered a contract to provide a responsibility that was ran efficiently at no cost to the government by a Nigerian outfit especially, as OMSL has offered in its presentation, that it was willing to discuss modalities for amicable settlement.
That is not all, while OMSL has already deployed 50 Vessels, and invested heavily in building capacity, HSLI is proposing to purchase two vessels, is this not a recipe for disaster? Certainly, the last has not been heard of this battle for the soul of the SAA.

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Dr. Mike Adenuga Jr. GCON, CSG, CdrLH: The Life and Times of an Immeasurable Giver at 71

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By Eric Elezuo

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 of course, there is no better time than now when the entire world stands in awe and admiration as he takes one year into the great septuagenarian cadre to share the story of his inspirational, audacious and tenacious existence. Yes, the world’s major philanthropist is 71.

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 reclaimed his spot as Africa’s fifth-richest person and Nigeria’s second wealthiest, outpacing fellow Nigerian billionaire Abdul Samad Rabiu on Forbes’ 38th Annual World’s Billionaires List.

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.

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.

*temp*

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 hates 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.

Dr. Adenuga is many things and more, and today, we raise a toast to the impressive African treasure and business phenomenon. Happy 71st birthday sir!

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Lagos-Calabar Coastal Highway: Prioritize Existing Unfinished Projects, Peter Obi Tells FG

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Mr. Peter Obi, the Labour Party’s presidential candidate in the 2023 general election, has advised the federal government to prioritize existing unfinished projects spread across the country instead of the Lagos-Calabar coastal highway project.

Obi, in a series of posts on X (formerly Twitter) on Monday, stated that the project was a misplaced priority given the numerous unfinished roads throughout the country.

The former governor of Anambra State mentioned that the budget allocated to the Ministry of Works is insufficient for significant progress on the country’s various unfinished roads, much less their completion.

Obi therefore, advised that the government prioritize the existing infrastructural projects in the country before embarking on any new and colossal projects like the Lagos-Calabar super highway project.

“The Federal Ministry of Works 2024 capital budget of N892,461,262,656.00, additional funding from multilateral loan projects of N94,828,535,243.00, alongside other expected contributions from sources like the China-Exim Bank and the World Bank, will not be enough for serious work on all the critical roads, some of which I enumerated above, let alone their completion.

So, why embark on another huge project that will not be completed in the next 20 or 30 years?

“To do so will only exacerbate the problem of abandoned, uncompleted projects that are not contributing to economic growth and overall development.

“Therefore, while acknowledging the potential benefits of coastal superhighway infrastructure, I urge prioritization of our existing uncompleted projects. We must allocate resources towards repairing and completing existing infrastructure.

“In any development formula, the primary focus should be on completing and rehabilitating existing infrastructure rather than embarking on colossal new projects that may never reach completion within the next 30 years,” Obi said.

Back in March, the Federal Government began constructing the 700-kilometer Lagos-Calabar Coastal Highway, designed to extend through 9 states with two spurs leading to the Northern States.

Recall that former Vice President, Atiku Abubakar, had earlier described the project as a fraud.

“Umahi had announced that Hitech would fully fund the project, and based on this, there was no competitive bidding. He (Umahi) then said that Hitech could only raise just 6% of the money for the pilot phase. This smacks of deceit,” Atiku said.

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2027 Presidential Race: Opposition Parties Under Attack

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By Eric Elezuo

While it is still a whole three years before the next general election in 2027, The Boss has learnt that opposition parties in the countries are being muffled to pave the way for the ruling All Progressives Congress (APC) to return to, and retain power.

From the Peoples Democratic Party (PDP), to the Labour Party (LP), and down to the New Nigerian Peoples Paty (NNPP), crises have engulfed the rank and files, in what a source told this paper was the attempt and making of the ruling party, APC, to decimate, destabilize and make redundant the machineries of the opposition parties.

It is believed that by 2027, the apparatuses holding together the various opposition parties would have weakened irredeemably to the extent the country would seemingly nosedive into the inglorious one party state that every civil right advocate and democrats abhor.

It is alleged that all the crises in all the opposition parties are being engineered by the President Bola Tinubu-led ruling APC, with the hope of getting the fibres of their system weakened, thereby luring the members of the crisis-ridden parties into the APC.

Slightly one year after the last presidential election, the two major opposition platforms, Peoples Democratic Party (PDP) and the Labour Party, have separately been embroiled in a crisis of confidence which has diminished their capacity to provide viable opposition to the ruling All Progressives Congress (APC).

The crises in both opposition parties got to a head. The Labour Party led by its national chairman Julius Abure held its much-opposed national convention which was boycotted by its 2023 presidential candidate, Peter Obi; its only governor, Alex Otti of Abia State; federal and state lawmakers elected on its platform, and the organised Labour.

In the Labour Labour, members have been embroiled in endless battle of supremacy with a faction led by Mr. Apapa steadily contesting the leadership of Julius Abure.

Consequently, the presidential candidate of the party in the 2023 elections, Mr. Peter Obi, reverence as a leader in the fold, noting that whatever the party faces presently, that Nigeria’s problems are far bigger than the crises in his party.

The LP has been embroiled in crises — ranging from allegations of misappropriation of funds, and leadership tussle, to calls for the resignation of the party’s national chairman.

TheCable reported that “On March 27, the LP conducted a national convention in Anambra state where Julius Abure was re-elected as its national chairman.

Obi did not attend the convention, fuelling speculations that he may be mulling over ditching the LP for another platform.

Speaking during an appearance on HaveYourSay247, an interactive online session hosted by Rudolf Okonkwo over the weekend, Obi said he is confident that the crises rocking the LP will soon be resolved amicably.

“Whatever is happening in the Labour Party is so minute compared to what is happening in the country,” Obi said.

“So, for me, it is something we will resolve amicably, and it is not anything to worry about. Let us worry about the country.

“Let us worry about how the average Nigerian would be able to have a means of livelihood to be able to eat, that should be our worry.”

Obi said he has no interest in being the party’s leader but only to make sure things are done properly.

“I don’t see what I do in politics as being the leader of any place or not. My position is that just like I always say, I am not desperate to be president of Nigeria, I am desperate to see Nigeria work because I know it can work,” he added.

“We have a more desperate situation. Parties are just a means to be able to contest elections. What is important is that being a leader of a party does not reduce the price of food.

In the PDP, the shenanigans of former Rivers State Governor, Mr. Nyesom Wike, has practically kept the party in constant crisis with many observers concluding that the now Minister of the Federal Capital Territory (FCT) is working for the APC, and is just a mole in the PDP. Wike has denied the allegation, however,

But news filtered in last week as that the immediate past Governor of Rivers State, and Minister may have concluded plans to attend the much advertised National Executive Council (NEC) meeting of the main opposition party, the Peoples Democratic Party (PDP), billed to hold on Thursday, in Abuja.

Impeccable source, who is in the know, told The Boss that the minister, whose membership of the PDP is yet to be revoked even as he frolicks with the ruling All Progressives Congress (APC), and serving in the President Bola Tinubu government as a minister.

The Source told The Boss that Wike’s impending presence at the NEC meeting on Thursday was not unconnected with plans, already hatched with some governors, to weaken the opposition PDP.

“Yes, we have on good authority that FCT minister, Wike is planning to attend the NEC meeting tomorrow all in a bid to weaken the fabrics of the PDP, and pave the way for the continuation of the Tinubu administration come 2027, and by extension, relapse Nigeria to a full blown one party state.

“From every indication, Wike and his co-travellers, are bent on unleashing the same crisis ravaging the third force, Labour Party, and Senator Rabiu Kwankwaso’s Nigerian National People’s Party (NNPP) on the PDP for the APC to remain the only political party in the country, and ensure that Tinubu has no challenger, come 2027,” the Source said.

It would be recalled that Wike has boasted over and again that there’s no opposition against Tinubu’s re-emergence in 2027, and that they have made sure of that. He has been compensated with the Ministerial job after he withdrew support for his party, and supported the APC and Tinubu to emerge as national government.

The Source further revealed that in the attempt to actualize the intended one party  state, a lot of funding is ongoing to ensure that concerned stakeholders are ‘settled’ handsomely.

Wike, prior, during and after the 2023 general elections, has been floating in between the two major political parties; the APC and the PDP. While he claim to still be a member of the PDP, he is functioning as a minister in an APC government, mocking the inability of his party to discipline him.

While political stakeholders concluded that the outcome of the Thursday’s PDP NEC meeting will determine the path Nigeria’s political trajectory will take, and that it may portend the end of multi-party system and political democracy if Wike succeeds in his plan; every page of what finally transpired at the meeting pointed to the fact.

The much touted removal of the party chairman, who is believed to be a crony of the Abuja minister, Damagum, retained his seat, with his executives.

“It is very clear to everyone that a lot of money politics is being played to cajole many loyal members of the party, forcing them into frustration, and eventually it of the party. The option afterwards, will be the APC. This, will for all intent and purpose actualize the intended one party state as an APC agenda.

The Musa Rabiu Kwankwaso-led NNPP is not faring better either. The only governor under their ticket, Abba Kabir Yusuf, just had the confidence of their party on him withdrawn. He was fighting for his political life until suddenly it was announced the the APC in Kano has collapsed its structure into the NNPP.

“This is just another APC strategy to actualize their hidden intentions. Time will reveal the very sinister agenda they harboring,” an analyst said.

Much as 2027 is still three years away, but intrigues are in play to render Nigeria a one party state, and perpetuate the APC in power. The three other opposition parties are basically under attack to bring to pass this unpopular agenda.

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