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.
Headline
Total Parental Guidance Orphanage: Home Built on God’s Inspiration
By Eric Elezuo
In 2008, when Mr. Olusegun Ogungbe obeyed a divine call to float an orphanage home, many thought he was threading on an unknown ground, but little did anyone realise that when God ordains, he makes available the resources to put to work His divine assignment. And so it is with TOTAL PARENTAL GUIDANCE Orphanage Home, located at Oluyole Estate in Ibadan, where children of all ages are given the best of attention and care to give them a standard pedestal to compete favourably in the professional world.
With over 20 children of different age categories occupying the double bungalow of the home, standard has remained the watchword in addition to fear of God with attendant vocational superiority.
When The Boss visited the facility, the neatness of the entire environment was the first attraction. The home is maintained to squeaking cleanliness with passionate caregivers going about their duties with zeal.
Established 14 years ago, the Home, founded by Ogungbe, is run on a daily basis by someone you can call the administrator or matron, and you will not be wrong, Mrs. Grace Akpan, a down to earth person, who had held sway in the facility since November 2009. She is the only mother-figure the children have known, and they adore her to high heavens as a result of what they described as her unequalled kindness, devotion to their welfare and desire to see that the best happen to them.
It is not by accident that the Home, only recently produced its first graduate, Opeyemi, who was one of the first sets of children admitted into the home, from the prestigious Redeemers University. Another, by divine arrangement, has just been admitted by the Kings University in Ode Omu, and the rest of the children are graciously attended the best of schools in Ibadan metropolis, striving to become the best destiny has preserved for them.
The Boss chose to tell the story of the Home through the voices of the inmates. Here are excerpts:
We Have Reached Full Capacity, and Needs Expansion – Ogungbe, Founder, Total Parentage Guidance Orphanage.
The Boss: Can you go down memory lane, and recapture how this Home to be
Ogungbe: We are living in a building my dad and mum left when they died in 1999 and 2001 respectively. As the only child of my parents, I inherited the building. Initially, I tried commercialising the property because in this area, everything is mostly commercial. I was contemplating leasing it out as block of offices, but God intervened. I had gone for a church service in December 2002 in London when a certain preacher was ministering on supporting the orphans. That was when I heard a voice, ‘my son that’s what I want you to do’. When I looked around to know where the voice was going from, I saw no one. The voice came again. I obeyed, and asked God to direct me on whatever steps to take. With that, it was easy to locate contacts and the ministry to register with. We later got a solicitor to draft the contract, register with the Corporate Affairs Commission (CAC) and then derived the capital to begin with.
It is pertinent to note that the preparation for this took about five years; between January 2003 and December 2008. The Home opened for operations on December 1, 2008, which has remained our Founder’s Day. It was approved by the Ministry of Welfare, which we carried along in every step, for us to conduct our activities from that day. The ministry provided assistance in advising on infrastructure, ratio of caregivers and every other requirements. We refurbished the whole place. And with our desire to make everything perfect, consulted other homes like Heritage Homes already in existence for guidance. We raised 18 months funds to help with operations before more funds would come in.
As we were working towards that, we realised we had to build a kitchen. There were originally twin buildings, all completed as far back as August 1977. So we needed to have extra structures. I knew I couldn’t do half measures, that it is either I do it, or I don’t. With the help of God, I arranged all the furniture. We got the first matron, who left after sometime, but the present matron, Mrs. Grace Akpan has been with us ever since (November 2009).
The challenges we encountered were issues of transportation and schools the children will go. Then we had about seven children. Opeyemi, who just graduated from Redeemers University was one them. There is also another girl that has just been admitted to UNILAG; and the first set of twins, who are 13 years old at the moment. Other challenges had to do with wage bill and operations. But we have learnt as we trudged along.
The Boss: Running an orphanage home of this magnitude comes with tangible challenges. Can you itemise them?
Ogungbe: Some of these challenges lie with determining the health status of the children as they grow up. However, before any child is admitted here, we carry out some medical tests such as HIV and other major ailments. We also do background check on all our children to determine the status of their parents. If they are dead, what is the circumstance surrounding their death. This helps us to know how to care more for the child.
Here, because we are not just running a business as most people do, getting the best of staff becomes a challenge as we have to go for the very best. Ours is a cause to better humanity, and we can’t afford to get it wrong. We look out for those who have the heart and passion for the job and those sent by God to do it.
The Boss: Apart from the divine inspiration which prompted your setting up the home, are there any other reason behind this enterprise
Ogungbe: It’s important to note that my mother use to have a daycare centre around here. I have had a soft spot for children ever since, and I don’t like to see children suffering. More so, when God picks you for a role, there is no saying no, or going back. Originally I resisted the call, and was busy praying for breakthroughs in other areas, but God told me “look, I have already given you a job”, and I have to advise myself. This orphanage is divinely inspired, and that is why God is helping us.
But the major challenge is funding. We have used our God-given wisdom to raised funds. God has intervened divinely in many ways and on many occasions. I must not fail to mention a particular God-sent benefactor, who consistently paid money to assist in running the home. He knows himself, and wouldn’t want his name mentioned.
But how did it all begin? At a point sometime in 2007, God instructed me to go to Nigeria. At this time I had no money, and so I resisted. But God insisted, and gave me directions. Long and short of the matter, of the names I was directed to pen down, one called me just as the time of my travelling got closer. I came, and he signed a cheque for me. Shortly after, another cheque came in from another benefactor, and that was how it continued, and lo and behold before the day of the trip, I had about three thousand Pounds and N1.5 million from donors including Pastor Femi Faseru. So, I came to Nigeria and did so much on the orphanage to put it in shape.
In the same vein, kindhearted Nigerians have been donating items and money to sustain the home. We are even privileged to have donors who gave us either full or half scholarship for schools.
THE WAY FORWARD
As at the moment, we are at full capacity with over 20 children, with all getting the best of attention and attending the best of schools. This is where we need the much need assistance to continue to give out the best of tutelage we have been known for since 2008. Now, the foundation of this house is meant for a two story building, we need to expand the building to create more sleeping areas, library and recreational facilities. This will help us give the much needed humanitarian service. We need two, two storey buildings here. As the children are growing older, much spaces are required even as new ones are joining. So we really need to expand.
We also need an inverter to complement generator services in order to ensure that power remains constant for the children to excel in their academics. We need more computers for the children to enhance their vocational abilities. Our children are really excelling in their work, and this has shown in some of the exhibitions we have had, as well as training programmes conducted. With additional support, they can go places. We are blessed with an easy to find location already, and so we appeal for kind Nigerians to help the expansion of this great humanity-based institution
Who are you looking at to help with this expansion you talked about
I know Nigerians are very kind people and don’t like children suffering. Specifically, we are calling on captains of industries such as the effervescent Michael Adenuga Jnr., Mr Femi Otedola, Alhaji Aliko Dangote and many others.
Is this Institution registered and recognised
Sure, we are registered with the Association of Orphanage Homes, which our dear matron, Mrs Akpan, is the treasurer for the state. This association is saddled with the responsibility of inspecting orphanages. Most times, they have visited us on impromptu basis, and never found us wanting in any area, be it cleanliness, availability or otherwise.
In the last years, what can you say are the strengths of the Home in terms behavioural pattern of the children, academic performance etc
We are committed to excellence in every area. In academics, the documents are there to prove their abilities. Here, apart from the schools they go, we provide extra moral lessons at home. There is also pastoral care for them. We undertake complete welfare of every area of their lives, and to the glory of God, standardization has remained the watchword of the Home. In fact, we submit report to the Ministry of Welfare on a monthly basis. We are all round, and with the little help we seek, we are sure to reach the zenith..
Do you have any plan of establishing a school so as to make the children school within
Yes, the plan is already drafted, waiting for execution. All we need are people who share in our dreams to key into the project and they will be glad they did.
We Do Everything to Ensure Total Safety of Our Children – Mrs Grace Akpan, Home Matron
Here at Total Parental Guidance Orphanage Homes, we give total attention and care to vulnerable children ranching from shelter, food, education, tutelage and pastoral care
What is the idea behind the establishment of this home
The home is a product of vision given to the founder by God himself. And that is why the home is quite different from every other home. It is not an NGO, which most people open to raise money. This home is in total obedience to God by Mr. Segun Ogungbe. He started by faith, and God took over. I have been here for 13 years. I joined just before the one year anniversary of the home, and God has been faithful
My qualifications are not educational, but passion and talent. I am a total mother, who has singlehandedly raised five children since the death of my husband. To have raised five well behaved children alone is enough qualification. I discovered that I have this penchant for loving and caring for children, and I have utilised them to the later. So it was not difficult for those who interviewed me to see these qualities, and offered me the matron job, and 13 years down the lane, God has used me and the Founder to turn around a lot things here including providing this particular office I have now, which among other things, have served as a place to pray to God.
One thing becomes obvious immediately one walks into this place, and that is how clean the environment is. Tell us more
I don’t compromise with squalor and dirtiness. I am by nature a very clean person, and anyone that knows me can testify. This is one of my very qualities, and I am reciprocating it here. I go around everywhere to ensure cleanliness. This place is used as a reference point for neatness in the whole of Oyo State.
I met six children when I joined, but by the grace of God, we have 22 children now. When I joined, all our children were attending public schools, but through God’s grace and my effort, we gained places for them in private schools.
How do you derive funding for their education
God has been helping us. I appeal to our benefactors, and ask for scholarship, and God is helping us. The Founder has been putting major efforts, and I know that I have to support with own drive effort. Schools like Adedunke Group of Schools at Ososanmi give our children 100 per cent scholarship. There is another one called Great Kiddies Porch, which gives us fifty per cent scholarship. There is also New Realms and Brainchild Care, which also give our children 100 per cent scholarship
What are your challenges in the process of doing your job here
Yes, there are challenges, but the major one is more of spiritual. Sometimes, you don’t know what has taken the lives of the parents of some children, and you are standing in the gap to rescue the child. We fight more of spiritual battle than physical. I do sometimes dry fasting to see that our children are safe. On the physical basis, money is the thing we need. With money, we can do everything we want. I call therefore all well meaning Nigerians to come to our aid. Someone just gave us a huge deep freezer, another at PG changed our chairs. I believe God will touch the hearts of those he has put substance in their hands to elevate this home to assist us.
Can you comment on their attitudinal and academic performances
With all sense of humility, I will say that our children are performing optimally in both academics and morals. We have just graduated one child from the university, and another just got in. We are training them in the way of the Lord.
What categories of children can be admitted here
This is a home run on Christian background and principles. But we admit anyone so long as you agree to the fact that we will train in the Christian way, take them to church and generally admonish them in the way of Christ. We have Muslims here too, but every tutelage is Christian-oriented.
How do you scout for your children
Most of our children come in while they were babies, but we take as much as the facility can handle, and that is the more reason we need assistance to expand.
At Total Homes, We Don’t Leave Anything to Chance – Jumoke Olawale, Reporting Officer
So let me know your experience as a reporting officer for this home
I have been working here for past four years. And being a reporting officer has given me the privilege to meet the vulnerable children. In my experience so far, I have had a closer relationship with the Ministry of Women and Social Affairs and more. So, this gives me the opportunity to know the Association of Orphanages, and OVC operators in Nigeria.
What else does your job entails
Yeah. Apart from giving the reports for the home, I give report to the Ministry of Women Affairs, as I said earlier. I give report to the Association of Orphanages and Home Operators. I learnt a lot through this, as it allows me to move with vulnerable children, new people, visitors, donors, and others.
What has it been like in your four years working for Total as regards management of the children, their upbringing and why somebody should choose this home instead of another one?
I use to think that it’s only children that have parents that have the benefits of going to school, and the cool things in life. But working in this orphanage has made me have a rethink. Having seen the way we are training the children, it really shows that it’s not only children with parents that have privilege of going to school, or have a good, solid education.
What do you do here that is not prevalent and not very common out there that make your children outstanding?
The way we bring them up; it is quite different from others.
\What is that magic you inject in bringing the children that makes better?
It’s not really magic but God because we can’t train them on our own strength. God makes it easier for us. We have different types of children here, so its only God that gives direction.
Thank you very much.
Total Home Has Taught Me to Give without Restriction – Opeyemi, First Graduate
For Opeyemi, who has completed studies at the Redeemers’ University, the Home has tutored him in love, and bequeathed the virtue of giving to him. A graduate of Sociology, awaiting NYSC call up, the young man, who looked every inch aristocrat, share his experience in the Home he came into 13 years ago when he was just nine.
You are a child of Total Homes. Can you tell us your experience during your stay there?
It’s has been great, filled with lots of lessons, time tested advice, and without the Matron and Founder of this home, I won’t be here today. They have invested a lot in me.
You were nine years when you were admitted here, and today 13 years after, you are 22. What can you say is your takeaway from here
The biggest thing I’ve learned in this home is be a giver. I have realised that if the founder is not a giver, I won’t be who I am today. I won’t be a graduate. And I don’t know what would have happened to my siblings. So the biggest thing I’ve learned and one thing I will keep holding on to is the act of giving.
What was the relationship like between you and your younger ones in the home
We were brought up in good and lovely environment with love, and that has formed the basis of our relationship. They use love to bring us up and we use love to relate with one another.
How will you remember here when you eventually make it big in life
One thing is certain. I can never forget this home because any river that forgets its source will dry up. My matron tells me that every time. So, I can’t forget where I was brought up. Though I’m out of here, I still have other siblings here that need care. I can’t forget this home. There will always be a payback time, I’m sure.
There must be a message you would wish to give those who seek a desirable orphanage home concerning this place.
Very simple! That Total Parental Guidance is a very lovely home. It’s a home to keeps ones mind be at rest because children are empowered here with something tangible.
Without iota of doubt, this place need more facilities in addition to the one it has already. So what would you say to government and kindhearted Nigerians
They should help the home to maximise its potential. The founder has done and is doing so much already, and needs the assistance of all and sundry to further produce great children that will build Nigeria for the better. The facility here can expanded so that more homeless children out there can further be accommodated.
The standard the Home dishes out to the public has made it a cynosure of all eyes, and seems to draw volunteers to home to offer one service or another, pro bono. One of sure volunteers is Olateju Oladipo, who took up the function of driving the children to and fro schools on a daily basis.
“Actually, it has been amazing because getting to work with kids is something that I did not have the opportunity to do before, but now it has shown me that wow, there’s so many things that I did not know and that I needed to know. And being with them taught me so much about even myself because I got to take them to school bring them back. It has been an amazing experience basically,” he said.
He rated the home, management and the children 10 over 10 in all areas, saying the kids have been groomed to be very respectful. He added that he has taken up the job of unpaid of PR person for the school because their services are comparable to the best.
The Home is blessed with passionate caregivers, led by Mrs Edith Eze, who gave assurance that everything, including their remuneration is topnotch. According to Eze, we give the children the best of care and attention, and ensure they feel at home at home. We correct and rebuke when necessary, and perform general motherly duties.”
Headline
Height of Disrespect: Obasanjo Berates NNPCL over Invitation to Tour PH Refinery
Former President Olusegun Obasanjo has slammed the Nigerian National Petroleum Corporation Limited (NNPCL) over the recent invitation extended to him, to tour both Port Harcourt and Warri refineries.
Obasanjo reacted to the invitation via a statement issued by his media aide, Kehinde Akinyemi, in which he described the invitation as disrespectful to his office and person.
He argued that the oil company had not sent any formal invitation to him as of Thursday, January 2, 2024.
The NNPCL invitation was sequel to the former president’s doubt on the repairs of the refineries. Obasanjo had in a recent interview on Channels television revealed that although the NNPCL was aware of its inability to effectively manage the national refineries, it rejected a $750 million offer from Aliko Dangote to manage the Port Harcourt, Warri and Kaduna refineries in 2007, during his administration.
He questioned why NNPC is now working with Dangote, saying,: “Not only will he make it (his refinery) work, he (Dangote) will make it deliver. And whether we announce our own government refineries working or not working, it is like a man who plants 100 heaps of yam and says he planted 200 heaps. After he harvests 100 heaps of yam, he will also harvest 100 heaps of lies.”
Responding to the former president, the corporate communications officer of NNPCL, Olufemi Soneye, said the company recently achieved the complete rehabilitation of the Port Harcourt Refining Company (PhRC) and Warri Refinery, stressing that the exercise was not the typical Turnaround Maintenance (TAM) of the past but a comprehensive overhaul designed to meet world-class standards.
Soneye went ahead to extend an invitation to Obasanjo to have a tour of the refineries.
In return, Obasanjo’s media aide said: “Is that the right way to invite a former president of the country? Who says Baba has even seen the statement or read the news? It is a total disrespect for the office of the former president.
“Ask the NNPCL that as of January 2, have they written to him? Is there any official letter addressed to him, inviting him to the refinery? It is an absolute insult, and the former president cannot dignify such with a response.”
Headline
Mike Adenuga: The Billionaire and His Entrepreneurial Consistency – $700m Better in 2024 –
By Eric Elezuo
The saying, when the going gets tough, the tough gets going, applies chiefly to a man, who has justifiably fits the term, ‘The People’s Billionaire,’ as a result of his humanitarian gesture to everything that pertains to life and living. He is Dr. Michael Adenuga Jnr. He is the brain behind the successes recorded at Glo. He is the Chairman, Globacom Group.
Rising from a year that has been replete with economic downturns, where several enterprises and entrepreneurs are counting their losses, Dr. Adenuga has significantly raked in over United States $700 million, to shove up his fortune. A feat, only fit for kings!
According to Billionaires.Africa, a news magazine that tracks the progress or otherwise of African billionaires, Adenuga, in spite of the harsh economic environment, occasioned by policy somersaults of the present administration, has proved that his business acumen supercedes environmental economic variables, giving him the leverage to not only have its head above water, but to smash every available class ceiling of average.
The magazine wrote, “Amid a year marked by currency depreciation across several African nations, including Nigeria, billionaire businessman Mike Adenuga solidified his position among the continent’s wealthiest individuals and the world’s 450 richest people. Adenuga, who built his fortune in telecommunications and oil production, saw his net worth rise by $700 million in 2024, a testament to the resilience and diversification of his business empire.
“As of Jan. 1, 2024, Forbes, the U.S.-based business magazine renowned for tracking global billionaire fortunes, estimated Adenuga’s wealth at $6.1 billion. By Dec. 31, 2024, his net worth had grown to $6.8 billion, ranking him as the 448th richest person in the world. Adenuga’s wealth is anchored in his control of Globacom, Nigeria’s second-largest mobile telecommunications and digital services provider, which boasts over 60 million subscribers.”
Known by so many appellations including the Spirit of Africa for his philanthropic gestures across board, and The Bull, for his resilience and ability to dare the impossible, Adenuga has proved over the years that he is not the regular billionaire. He is of the stock that is not regulated by stock market figures, but by liquid cash. And that explains why his wealth and net worth supercedes whatever figures churned out by any institution, or any position he is placed in the billionaires’ list.
Adenuga is, for all intent and purpose, in a world and class of his own. This is because his business trajectory and personal philosophy are uniquely his, and therefore worthy of emulation.
Sitting atop one of the most cherished and subscribed network, Glo, Adenuga has not only inspired lives, and practically lifted not a few to enviable heights.
Also referred to as The Guru, 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.
His story is like a movie: 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 money, Adenuga was vision personified, and 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. The epoch making discovery on December 24, 1991, changed many narratives.
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, one must be on their 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.
Adenuga has no rival. He is a symbol of endurance, entrepreneurship, 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.
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. She passed on in 2005.
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.
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.
“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,” he wrote.
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”.
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 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 in politics 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, and does not like attracting unnecessary attention to himself or his business.
Among many of his pluses, Adenuga is sagacious, methodical man, and rewards excellence. He does not suffer fools gladly. Most of his offices around the world are open 24 hours.
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 had long established a cordial relationship with the nation between the recent President Bola Tinubu incursion into French territory. He often visits the country, where he also owns property, and 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.
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.
A toast to the impressive African treasure, business phenomenon and this generation’s Mr. Consistency.
Headline
Again, Ohanaeze Urges Tinubu to Release Nnamdi Kanu
The President-General of Ohanaeze Ndigbo, Nze Ozichukwu Fidelis Chukwu, has posited that President Bola Tinubu would write his name in gold if he orders the release of Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra (IPOB).
Nze Chukwu made the appeal while welcoming Tinubu to the South East, ahead of his scheduled visit to Enugu State on Saturday.
He expressed delight over the gradual attitudinal change of the Federal government under Tinubu towards the Igbo nation.
Ohanaeze spokesman, Alex Ogbonnia, quoted Nze Chukwu as saying: “It is, therefore, hoped that with the Enugu visit, President Tinubu will write his name with gold in the hearts of Ndigbo and all the well-meaning Nigerians, if he orders for the release of Mazi Nnamdi Kanu.”
Ohanaeze insisted that national peace, unity, patriotism and sustainable economic development of any country are the outcomes, effects or products of equity, and social justice.
“In other words, there is hardly any society or group that can be complacent under severe existential threats such as orchestrated marginalization, relative deprivations, and external instigation of insecurity, conflagrations and crises,” he added in a statement.
The organisation also commended Governor Peter Mbah for his “disruptive, innovative and massive infrastructural developments in Enugu State; Enugu International Conference Centre, Enugu Smart schools in all the electoral wards of Enugu State, hospitals across the states, resuscitation of Hotel Presidential Enugu, Flour Mills, Nigergas, the construction and rehabilitation of hundreds of roads in the State, etc, within a short period of his administration”.
The statement added: “We also appreciate His Excellency, Sen Hope Odidika Uzodimma, CON, the Chairman of the South East Governors Forum and Chairman of the All Progressive Governors Forum, for the life-saving installation of Night Landing Equipment at the Sam Mbakwe International Cargo Airport, Owerri.
“Finally, we wish President Tinubu a safe, joyous and eventful trip as he is treated with the Igbo hospitality in Enugu State.”
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