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Mike Adenuga: 12 Things You Didn’t Know About Him - Business - Nairaland

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Mike Adenuga: 12 Things You Didn’t Know About Him by fourpoints(m): 7:21am On Feb 21, 2015
The second-richest man in Nigeria, businessman Mike Adenuga makes most of his money in the mobile telecom and oil production industries, both on the investment and entrepreneurial side. With a net worth of $8 billion, Adenuga is the founder of one of Nigeria’s largest mobile phone networks and the oil exploration firm, Conoil Producing. He is 61 and credited with creating 6,080 jobs. Here are 12 things you didn’t know about Mike Adenuga.

He supports Nigerian athletes

After the Nigerian soccer team won the 2013 African Cup of Nations, Adenuga not only rewarded them with $1 million, but also gave the team’s coach $200,000 and offered to personally pay his salary when he considered

He has seven children

The mogul has seven children from several different women, some of whom work for his telecom company. Adenuga is known for having a polygamous lifestyle. He is married to Titi Joyce Adenuga. Pictured is his son, Paddy Adenuga.

He attended college in the U.S.

Adenuga studied business administration at Northwestern Oklahoma State University and Pace University in New York.

He once drove a taxi

To earn some extra money during college, Adenuga drove a taxi and worked as a security guard at night. When he returned to Nigeria after earning his university degrees, he operated and worked in a small sawmill that he inherited from his father.

He struggled to get his license


His Global System for Mobile Communications License, that is. In 1999 Adenuga was issued a conditional license to operate Communications Investment Limited (CIL). Later the Nigerian government revoked the license and organized an auction for it. Four companies, including CIL, bid and won on the license and paid a $20 million deposit for the license. Unfortunately, CIL failed to pay the deposit on time, losing both the license and the deposit. Finally in 2002 Adenuga bid and won the license through his company Globacom Limited.

He first made a name for himself in construction

While still in his early 20s, Adenuga used his relationships with military personnel to land high-earning government construction contracts. In the 1980s and 1990s Adenuga sought out construction contracts with various sectors of the military to “build a diverse portfolio” according to TheAfricanMillionaire.com. Some believe that these relationships helped perpetuate Adenuga’s wealth, a belief that Adenuga hasn’t confirmed.

He founded a bank

Adenuga is the founder of Equitorial Trust Bank, one of the largest commercial banks in Nigeria. At one point the bank grew to have 100 branches before being bought out by Serling Bank Plc., a financial services provider.

He’s been arrested


In 2009, Nigeria’s Economic and Financial Crimes Commission detained Adenuga for money laundering. Following the event, Adenuga fled the country to live in London until he received a pardon. It’s suspected that Adenuga’s activities as a “political influence peddler” helped him get the pardon.

He has already purchased his grave

In 2013, Adenuga paid more than $1 million to secure his burial site. The site is in the modern Vaults and Garden Cemetery in Lagos, Nigeria, where many of the country’s affluent are buried.

He is philanthropic

In 2012 Adenuga donated around $3.4 million to the Bayelsa Flood Relief Fund. Governor Seriake Dickson made a personal visit to Adenuga to receive the donation. The Globacom founder’s check helped set up a post-flood management committee.

He lives in Banana Island

Adenuga lives in an estate worth an estimated $5 million-plus on Banana Island in Nigeria. The property contains eight duplexes, two watch towers, a mosque, a church, a multipurpose hall, a helipad and a yacht deck.


http://www.ridenattyride.com/2015/02/12-things-you-didnt-know-about-mike.html

24 Likes 5 Shares

Re: Mike Adenuga: 12 Things You Didn’t Know About Him by Akkord4gov: 7:23am On Feb 21, 2015
Tell me more
When u get d money,u don't need to advertise urself.Some lazy bones like the OP will dedicate their time to search about u and advertise u

47 Likes 4 Shares

Re: Mike Adenuga: 12 Things You Didn’t Know About Him by fourpoints(m): 7:24am On Feb 21, 2015
Akkord4gov:
Tell me more

more is on the way... smiley wink smiley wink

2 Likes 1 Share

Re: Mike Adenuga: 12 Things You Didn’t Know About Him by bisi16(m): 7:26am On Feb 21, 2015
Money!

2 Likes

Re: Mike Adenuga: 12 Things You Didn’t Know About Him by alberto2k: 7:30am On Feb 21, 2015
He hustled hard for the present kinda life he's living smiley

2 Likes

Re: Mike Adenuga: 12 Things You Didn’t Know About Him by nerfetiti: 7:30am On Feb 21, 2015
bisi16:
Money!

we go get there my sister grin grin grin

2 Likes

Re: Mike Adenuga: 12 Things You Didn’t Know About Him by 2undexy(m): 7:32am On Feb 21, 2015
Those are the cabals of Nigeria. Truth be told, he's one of those folks who looted our treasury, but in a secretive way.

8 Likes

Re: Mike Adenuga: 12 Things You Didn’t Know About Him by bisi16(m): 7:49am On Feb 21, 2015
nerfetiti:


we go get there my sister grin grin grin
Amen to that.. but it's broda, not sista smiley

6 Likes 2 Shares

Re: Mike Adenuga: 12 Things You Didn’t Know About Him by Girltee1(f): 7:53am On Feb 21, 2015
Why isn't he as rich as Dangote? undecided
Re: Mike Adenuga: 12 Things You Didn’t Know About Him by Genea(f): 8:52am On Feb 21, 2015
bt i only kno his success
Re: Mike Adenuga: 12 Things You Didn’t Know About Him by Mubbyleey(m): 9:36am On Feb 21, 2015
"Your big opportunity may be right where you are standing right now."
Don't lose hope...
&
"Well done is better than well said."

1 Like

Re: Mike Adenuga: 12 Things You Didn’t Know About Him by Nobody: 10:20am On Feb 21, 2015
So
Re: Mike Adenuga: 12 Things You Didn’t Know About Him by acidtalk: 10:20am On Feb 21, 2015
twelve things you didn't know about jonathan Azikiwe Ebele

* He is the MOST corrupt Public officer holder in Nigeria History

* He will rather set Nigeria to a Civil War than hand over power after his defeat come May 29 2015

* He sees Nothing wrong in corruption and prefers corrupt men and women to upright individuals.

* He has tried his very best to divide Nigerians along ethnic and religious line

* 6 whole years in power and he can't pin point to one single achievement

* His fighting to remain in power is to loot the National trasury dry and not to work for the betterment of Nigeria.

* He is too silly to realize he is surrounded by those who HATE him and are working towards is downfall

* He doesn't realize Fani Kayode is working closely with some APC Chieftains to bring down Jonathan completely

* Asari, Tompolo, Edwin Clark, Patience and Aliision are Jonathan's Special advicers.

51 Likes 3 Shares

Re: Mike Adenuga: 12 Things You Didn’t Know About Him by djeezy(m): 10:20am On Feb 21, 2015
Wow he once drove a taxi? shocked Your current situation should not discourage you from working hard and achieving something in life. No pain, no gain.

4 Likes

Re: Mike Adenuga: 12 Things You Didn’t Know About Him by Babaneh(m): 10:22am On Feb 21, 2015
So far so good he has made it to the toppest top...

I'm coming soon..

Watch out
Re: Mike Adenuga: 12 Things You Didn’t Know About Him by Kingspin(m): 10:22am On Feb 21, 2015
How can u struggle when u have oil money. Anyway up him.
Re: Mike Adenuga: 12 Things You Didn’t Know About Him by Nobody: 10:22am On Feb 21, 2015
And now that i kw, what has changed?
Re: Mike Adenuga: 12 Things You Didn’t Know About Him by Nobody: 10:23am On Feb 21, 2015
With the part that shows what he did to cater for life in Usa while schooling,I see a better future for myself cheesy

2 Likes 1 Share

Re: Mike Adenuga: 12 Things You Didn’t Know About Him by bonechamberlain(m): 10:23am On Feb 21, 2015
ok.... thank God for him
Re: Mike Adenuga: 12 Things You Didn’t Know About Him by pekeyim: 10:23am On Feb 21, 2015
Nak me tori,.
E sweet oh.
Re: Mike Adenuga: 12 Things You Didn’t Know About Him by lonelydora: 10:23am On Feb 21, 2015
One of the cabals.

10 things you didn't know about lonelydora will hit front page soonest. God bless my hustle like Dangote and not like Adenuga.
Re: Mike Adenuga: 12 Things You Didn’t Know About Him by Kolade354(m): 10:23am On Feb 21, 2015
If you want to be the rich like dangote and adenuga the Illegal way is important and unavoidable.

8 Likes 2 Shares

Re: Mike Adenuga: 12 Things You Didn’t Know About Him by WIZGUY69(m): 10:24am On Feb 21, 2015
[size=24]MORE:
He's too fat - his weight is equals to two elephant's.
He's my Boy- I taught him how to Make the money he has today.
He's my neighbour, my own mansion is just opposite his.
Signed - PUBLICITY SECRETARY (BANANA ISLAND)[/size]
……

3 Likes

Re: Mike Adenuga: 12 Things You Didn’t Know About Him by Simitrendy: 10:24am On Feb 21, 2015
He is a YORUBA man pls don't waste ur vote Vote Change! Vote a healthy PRESIDENT for a wealthy COUNTRY VOTE GMB-PYO #IwillMARCHforBUHARI

5 Likes

Re: Mike Adenuga: 12 Things You Didn’t Know About Him by akpumping7720(m): 10:24am On Feb 21, 2015
Who doesn't know number one? Pls remove number one and reduce it to 'eleven things' joooo!
When I pass his level, mine will be:
'101 things u didn't know about Dr Ak'





























101. He is a Nairalander!

1 Like

Re: Mike Adenuga: 12 Things You Didn’t Know About Him by HoldenCaulfield(m): 10:25am On Feb 21, 2015
ina zuwa
Re: Mike Adenuga: 12 Things You Didn’t Know About Him by Femistico(m): 10:26am On Feb 21, 2015
ok
Re: Mike Adenuga: 12 Things You Didn’t Know About Him by angelTI(f): 10:26am On Feb 21, 2015
Number 13: angel ti is taking over in due time
Re: Mike Adenuga: 12 Things You Didn’t Know About Him by sakaguchi(m): 10:26am On Feb 21, 2015
Speak for yourself OP. The things you mentioned about him, I know.
Re: Mike Adenuga: 12 Things You Didn’t Know About Him by Tvegas(m): 10:26am On Feb 21, 2015
I will also love to know how he raised his start-up capital. Apart from few Nigerian billionaires,we never hear the true details of how many hit their billions.

6 Likes

Re: Mike Adenuga: 12 Things You Didn’t Know About Him by saasala(m): 10:27am On Feb 21, 2015
13. He supports Buhari

1 Like

Re: Mike Adenuga: 12 Things You Didn’t Know About Him by KingsleyCEO: 10:27am On Feb 21, 2015
Marvel not, we are all coming and must get there!

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