Nigerian Entrepreneurs

Full Name: Michael Adeniyi Agbolade Ishola Adenuga. (GCON).
Date of Birth: April 29, 1953.
Place of Birth: Ibadan, Oyo State.
Net Worth: $4.8 Billion
Nationality: Nigerian
Source Of Wealth: Telecom, Banking, Oil.
Marrital Status: Married.
Education: Master of Business Administration: Northwestern Oklahoma State University and Pace University, New York.
Language: Yoruba and English


Profile.

Dr. Mike Adenuga (Jr) was born in 1953 in the ancient Nigerian city of Ibadan, into the family of Chief Michael Agbolade Adenuga (Snr) and Madam Oyindamola Adenuga. He is an alumnus of the famous Ibadan Grammar School, in Oyo State Nigeria, North Western State University, Alva Oklahoma, and Pace University, New York, both in the United States of America.As a university student in the United States of America, he held two difficult jobs. Taxi driver and security guard. He was educated in Northwestern State University, Alva, Oklahoma, and Pace University, New York, where he majored in business administration with emphasis in marketing.

Dr. Mike Adenuga (Jr) has at various times been described as visionary leader, an exemplary entrepreneur, and an outstanding manager of men and resources. An encounter with Adenuga reveals a man of uncommon intellect who oversees a vast business empire with substantial investments in telecommunications, oil & gas, and banking.

Conoil Producing LimitedAdenuga was allocated oil blocks in 1990 by the Federal Government of Nigeria in a bold effort to encourage indigenous participation in crude oil exploration. He attracted national attention in 1991 when his Consolidated Oil Limited became the first indigenous oil company to strike oil in commercial quantity and produce it.

He consolidated his investment in the oil sector with the purchase of National Oil, and returned the moribund company to the path of profitability within a year of its acquisition. He eventually renamed the company Conoil Producing Limited, which is today the leading indigenous oil and gas exploration and producing company in Africa.

Globacom Limited
In the field of telecommunications, Adenuga’s Globacom Limited is Nigeria’s second National Carrier, providing services in mobile, fixed, broadband, and international gateway telephony. It launched services in Nigeria in 2005, in the Republic of Benin in 2008, and has continued its spread across West Africa with licences to operate in Ghana and Cote d’Ivoire, with more licences currently being prospected in other countries such as Togo and Senegal.

Equitorial Trust Bank
Adenuga’s Equitorial Trust Bank is a leading highly profitable post-consolidation mega bank in Nigeria, engaged in commercial and development oriented banking.Beyond his businesses, Adenuga, through his companies and in his personal capacity, has changed the face of football on the continent.

The Adenuga Group sponsors the Glo-CAF Awards, an annual recognition of African stars featuring in top leagues all over the world; an event that elevates the best of African football to the world stage as players, coaches, administrators and clubs that ply their trade on the continent are celebrated.

Dr. Adenuga’s contributions to the development of the business terrain in Africa have been severally acknowledged. He was honoured by the Federal Republic of Nigeria with the National Award of the Officer of the Order of the Niger (OON), Commander of the Order of the Niger (CON) and later in 2012 he was made Grand Commander of the Order of Niger (GCON).

The Confederation of African Football (CAF) awarded Adenuga the title, Pillar of Football in Africa for his strong support for African Football at both national and continental.