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Mike Adenuga at 72: The Billionaire and His Entrepreneurial Consistency 

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…His 2024 Exploits

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, among other conglomerates.

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.

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.

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.

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.

A toast to the impressive African treasure, business phenomenon and this generation’s Mr. Consistency.

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Delta Govt Confirms Death of Senator Nwaoboshi at 68

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Senator Peter Onyelukachukwu Nwaoboshi, the former lawmaker who represented Delta North Senatorial District in the National Assembly, has passed away. He was 68.

Reports said that Nwaoboshi died on Friday in Abuja following a brief illness.

His demise was confirmed in a condolence statement issued by the Delta State governor, Rt. Hon. Sheriff Oborevwori.

Expressing sorrow, the governor described Nwaoboshi’s passing as a monumental loss to Delta State, the Anioma nation, and the Nigerian federation.

In the statement by his Chief Press Secretary, Sir Festus Ahon, Governor Oborevwori hailed the late Senator as a “fearless advocate” of the Anioma cause whose contributions to nation-building remain indelible.

The governor recalled Nwaoboshi’s impactful tenure in the Red Chamber, particularly his role as Chairman of the Senate Committee on Niger Delta Affairs.

He noted that Nwaoboshi’s consistent advocacy for the development of the oil-rich region distinguished him as a passionate and committed leader.

“On behalf of the government and people of Delta State, I mourn the passing of my dear friend, Senator Peter Onyelukachukwu Nwaoboshi,” the governor said.

“I extend my heartfelt condolences to his immediate family, the people of Anioma nation, members of the All Progressives Congress (APC), and all those whose lives he touched. I pray that Almighty God grant his soul eternal rest.”

Before his elevation to the Senate in 2015, he served meritoriously as a two-term Chairman of the Peoples’ Democratic Party (PDP) in Delta State, where he was instrumental in consolidating the party’s grip on the State.

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Ribadu’s Office Denies Arming Miyetti Allah in Kwara

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The National Counter Terrorism Centre (NCTC), under the office of the National Security Adviser Mallam Nuhu Ribadu, has refuted claims that it armed members of the Miyetti Allah group for counter-terrorism operations in Kwara State.

The Head of Strategic Communication at NCTC, Mr. Michael Abu, issued the rebuttal on Wednesday in Abuja.

Abu described the reports circulated by some online platforms as false and misleading, saying they misrepresented ongoing security operations in forested areas of the state.

He said that in line with the Terrorism Prevention and Prohibition Act, 2022, it continued to coordinate and support law enforcement, security and intelligence agencies in countering all forms of terrorism across the country.

NCTC spokesman explained that Nigeria’s counter-terrorism efforts guided by the National Counter Terrorism Strategy (NACTEST), involved the deployment of hybrid forces comprising regular security personnel and trained auxiliaries such as hunters and vigilante elements, particularly in difficult terrains.

According to him, the hybrid approach, which was previously deployed with the Civilian Joint Task Force in the North-East, is currently being applied in parts of the North-West and North-Central, including Kwara State, and has recorded several successes against banditry and other criminal activities.

He stressed that the Federal government was not conducting kinetic operations with any socio-cultural group, adding that claims that the Office of the National Security Adviser provided arms to such organisations are unfounded and should be disregarded.

According to him, all auxiliary personnel involved in hybrid operations were recruited directly by authorised security and intelligence agencies after due diligence, and that all operations were conducted strictly in line with the law and established standard operating procedures.

He urged the media to exercise responsibility by protecting sensitive security information and seeking clarification through designated official spokespersons, while advising the public to ignore unverified reports capable of undermining ongoing operations.

He reaffirmed the centre’s commitment to transparency and stakeholder engagement to deepen public understanding of Nigeria’s counter-terrorism efforts.

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Respite As Court Stops Police, IGP from Enforcing Tinted Glass Permit Nationwide

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A Delta State Court sitting in Orerokpe has restrained the Inspector General of Police (IGP) and the Nigeria Police Force from resuming the enforcement of the tinted glass permit policy nationwide.

Justice Joe Egwu, while ruling on a motion ex-parte in a suit marked HOR/FHR/M/31/2025 filed by Isreal Joe against the IGP and two others, through his counsel, Mr. Kunle Edun (SAN), who led other lawyers, restrained, stopped and barred the respondents from resuming the enforcement of the tinted glass permit policy nationwide.

The order was sequel to the announcement by the Nigeria Police of its decision to resume the tinted glass permit enforcement on January 2, 2026.

Aside from the IGP, the court also restrained the Nigeria Police Force and the Commissioner of Police, Delta State Police Command, from resuming the enforcement of the tinted glass permit policy nationwide.

Justice Egwu also barred the police from harassing, arresting, detaining or extorting citizens and motorists on account of the said policy, pending the hearing and determination of the substantive suit.

The case has also reignited a dispute between the Nigeria Police and the Nigerian Bar Association (NBA). The NBA has maintained that the matter remains before the courts and warned that enforcement could constitute contempt.

The association said a suit challenging the constitutionality of the policy had been filed at the Federal High Court, Abuja, and that a judgment had been reserved following the conclusion of hearings.

The NBA further cited a Federal High Court order in Warri directing parties to maintain the status quo pending an interlocutory injunction. The association accused the police of disregarding the rule of law and urged President Bola Tinubu to intervene. “Any contrary executive action amounts to overreaching the Court and undermines the rule of law,” NBA President Mazi Afam Osigwe (SAN) said.

The police, through Force Public Relations Officer CSP Benjamin Hundeyin, insisted that no court order barred enforcement and defended its planned resumption on grounds of public security. Hundeyin noted a rise in crimes facilitated by vehicles with unauthorised tinted glass, citing incidents ranging from armed robbery to kidnapping.

“The Inspector-General of Police, out of respect and understanding, temporarily suspended enforcement to give Nigerians additional time to regularise their tinted glass permits.

That decision was not based on any court order but was a discretionary move to accommodate public concerns,” he said.

The announcement prompted warnings from the NBA that enforcement could trigger committal proceedings against the IGP and the Force spokesperson. The police, however, maintained that enforcement continues until directed otherwise by a court, highlighting recent incidents in which occupants of vehicles with tinted glass allegedly attacked officers.

The ruling by the Delta State High Court now legally bars the police from implementing the tinted glass permit policy nationwide while litigation on the policy’s constitutionality continues.

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