• July 22, 2019

60 secret facts you don’t know about Mike Adenuga Jnr. | ….Does Voice over commercial for his Glo brand + 59 other secrets

Dr. Mike Adenuga Jnr. With him, there is nothing like ‘Impossibility’

  • ¨   
    Best
    confidant is Aunty Nora, his Sierraleonian Secretary
  • ¨    
    His
    Dad (Mike Adenuga Snr.) was a Teacher
  • ¨    
    Dad
    died of Motor Accident
  • ¨    
    He
    is the youngest of Parent’s 5 kids
  • ¨    
    Dad
    gave him his own name despite not being 1st child
  • ¨    
    1st
    child to be named by dad as against his 4 elder siblings named by grand dad
  • ¨    
    Worked
    & Lived in Lagos with aunt as kid
  • ¨    
    Sold
    Ogi by products in Ibaban as a kid
  • ¨    
    Attended
    Ibadan Grammar School

  • ¨    
    Mum,
    Oyindamola was a stream stress by training
  • ¨    
    Got
    his first degree @ NWOSU
  • ¨    
    Once
    worked as Security Guard, Waiter & Driver in the US
  • ¨    
    Sold
    Commodities @ age 20
  • ¨    
    Sold
    Military Wares @ age 22
  • ¨    
    Hits
    Jackpot through IBB’s policy @ age 37
  • ¨    
    Made
    first real breakthrough in Ondo State @ 40
  • ¨    
    Named
    his first oil well after second daughter, Bella
  • ¨    
    Owns
    Nigeria’s largest Indigenous oil company
  • ¨    
    Loves
    holding his chaplet @ Public functions
  • ¨    
    Only
    granted interview once to a defunct magazine
  • ¨    
    Had
    his telecoms company, Glo @ age 50
  • ¨    
    Lost
    $20 million dollars in his first telecommunication deal
  • ¨    
    First
    Nigerian to offer $200 million dollars for a deal
  • ¨    
    Does
    Radio & TV voice over jingles by himself for Glo
  • ¨    
    Has
    his Glo brand in 4 African countries
  • ¨    
    First
    African Entrepreneur to own a Private Submarine Cable
  • ¨    
    Nigerians
    thinks he fronts for ex-President IBB but he acts otherwise
  • ¨    
    Hates
    to share business with anybody
  • ¨    
    Described
    as Modern day Houdini
  • ¨    
    Loves
    to give charity secretly but hate being seeing publicly……
Dr. Mike Adenuga….Always in a Prayer mood with his chaplet

Preamble…

It is not every time
that Ovation
(An International Magazine) pays tribute to individuals. Here, we (The
Magazine’s Management) play our own special kind of music which celebrates Africa
and Africans, but in many cases, we
allow the events, the pictures and the people themselves tell the story.
But when you find
someone remarkable, a hardworking risk-taker, a towering symbol of enterprise,
an undisputed game changer, someone who is passionate about African economic independence, someone
whose business philosophy is based on touching and affecting as many lives as
possible, then it is necessary to do a re-think, press the pause button, change the music and pay homage-and that is what we
are doing on this occasion for a great son of Africa—Dr. Mike Adenuga Jnr. As
he turns 60! (Few Years ago)
Who is Dr.
Mike Adenuga Jnr?
Not very many people would be competent or confident
enough to answer that question because Adenuga is a complex puzzle,
difficult to understand and mysterious. Simply put an enigma, a spirit and modern day Houdini who has perfected
the art of escaping from people!
Apart from his close
family members, the only competent person who can deconstruct his life is none
other than his age-long Secretary, the Sierra
Leonean
fondly called Aunty Nora. Aunty Nora has been
handling his affairs business and private, for decades. Therefore, many of the so-called
intimate tit-bits you read about him are tales woven in the realm of
conjecture.
Trust me, his life may
seem boring, but that is far from the truth. He has witnessed so many twists
and turns. And in actual fact, his life has been as action-packed as a Chinese
film. Just read on.
Born on April
29, 1953
, in Ibadan to Chief Michael Agbolade Adenuga
Snr
, a teacher from Ijebu-Igbo,
Ogun
state (South West Nigeria) and Chief (Mrs.) Juliana Oyindamola Adenuga,
Dr.
Michael
Adenuga
is the youngest of his parent’s children.
In African culture,
when a baby is born, his names are thoroughly thought through. They are very
significant because names are said to guide the child and even have a great
impact on the child’s life. And this is very true in the case of Adenuga.

Dr. Mike Adenuga & Wife, Titi greeting Ovation International Magazine Publisher, Basorun (Dr.) Dele Momodu
The
Story of his birth & mystery of his name
At birth, his official
name was Michael. He was given the same name as his father despite not
being the first child. We gathered that unlike his siblings who were all named
by their grandfather, he was named by his father. That was providence in action
and sure sign that he was a child of destiny.
For those who don’t
know, his name Michael means No one is
like God
and Adenuga has realized this from way back. In an interview he
granted Newswatch magazine, he revealed that God has played a key role
in his life. Dr. Adenuga boldly attributes his success to hard work, God’s
blessing and luck.
He revealed how he grew
up in a very strict, disciplined and God fearing home. It is no surprise
therefore that today, he never leaves home without his chaplet and even at
public functions, he is seen mediating and whispering prayers.
Dr. Mike Adenuga
grew up in Ibadan, but his first few years were spent in Lagos
with his aunt when his parent travelled to the United Kingdom for
studies. He attended famous Ibadan Grammar School and his
classmates all remember him for his numerous adventures.
Despite not coming from
a poor home, his parents ingrained in him the values of humility, sacrifice and
back-breaking hard work. Key to his upbringing was the business acumen of his
mother. She was a Seamstress and Trader, who traded in any and
everything.
Each time she had a new
venture, the children had to participate. Adenuga at a point in time sold
animal feed, by-products from the corn meal used from making ogi  (pap). Unknown to her, the business
student she was nurturing was a very fast learner and in actual fact she was
about to unleash a raging mogul on the world.
Dr. Mike Adenuga
is not your run-of-the-mill overnight wealthy individual. He was rich long
before he became known to the public, long before his now famous brand Globacom.
In actual fact he has been gradually laying his building of success, one brick
at a time.

“Mike
lost $20 million, but he never lost hope. He never gave up. He kept hope alive;
that is one thing about my brother: he is an eternal optimist. Something kept
propelling him not to give up on the matter”

When Henry
Long fellow
wrote; “The heights
by great men reached and kept were not attained by sudden flight, but they
while their companion slept were toiling upward in the night”.
He was indeed referring
to Dr.
Mike Adenuga Jnr
.

Dr. Mike Adenuga Jnr….The Man with so many mysteries
Mike
the working student (Academic gut)…
Adenuga
has proven time and time again that he has the drive, ideas and tenacity to
turn challenges into opportunities. As a student in the United States of America,
(He studied Business Administration at North Western Oklahoma State University
(NWOSU) and later got an MBA from Pace University, (New York), he
worked at various times as cab driver, waiter and security man.
After his studies, he
had saved up some money of his own, he added this with some contribution from
his mother and dabbled into trading—buying commodities from America and selling in Nigeria.
Mike
the man of commodity (Biz Acumen)…
By the age of 22, he
was on a roll. Like his role model, mentor and mother, whom he loves to bits, Adenuga
had become a full-time trader. He sold everything from Tomato puree; sawmill
equipments
, electronics, automobiles, alcoholic and non-alcoholic
beverages, and later military hard ware.
That was not all, he
also delved into textiles. In that famous interview in Newswatch, Adenuga
revealed how he entered the textiles trade.
“I
went on a trip to New York and when
I was coming back, I missed my flight, being on British Airways, so I had to fly Swiss Air and I sat next to the owner of one of the biggest lace
manufacturing factories in Austria.
So, we were talking and he got me interested in importing laces, and all sorts
of things”.
Unlike many rich men,
as his success grew, the more humble the African Business Icon became.

Dr. Mike Adenuga Jnr. with Afrojuju Music Creator, Sir Shina Peters with Mrs. Ahmadu Ali & Mrs. Nduka Irabor
Mike
the humble Giant…(His Character trait)
Talking about his
humility, before you shake his baby-soft hands, Adenuga usually greets
you with a bow. It is not because he is not confident; it is just the way he
was brought up. To give everyone their due respect.
This unassuming
attitude endeared him to many older men. Many who have now become his inner
circle of friends and have helped to shape his life.
Now blessed with some
financial freedom, he was constantly looking for new terrains to conquer and
greater challengers to surmount and it came in form of a rare pronouncement in
1990 by the then Military President, General Ibrahim Babangida through a Petroleum Act that granted oil
exploration and exploitation licenses to Nigerians.
Adenuga
was one of the lucky few. He was young and ambitious, and saw the bigger
picture. While others were still contemplating what to do, Adenuga has begun to put
machinery in motion.
But as usual, he first
had to confer with his mother. She was very skeptical. She was scared that this
was a turf he knew little about and that the capital required was huge. For the
second time, (The first being when he went to study abroad instead of the University of Ibadan), he defied his
sweet mother.
It was not a happy
moment for him but as someone who knows the cardinal rule of business: the
bigger the risk, the sweeter the victory, his mind was made up.
So he set to work on OPL
113
. He engaged only Nigerian oil experts, hired a $5million oil rig, and
nine months later, on Christmas Eve of 1991, his oil well, Bella
I
located offshore in Ondo
State struck oil!
It was an emotional and
historic moment as his company Consolidated Oil became the first indigenous
oil producing company in Nigeria.
His excitement that day
knew no bounds and one of the very first people he called to break the good news
was of course his mother “Maami, we have
found oil”
he reportedly screamed in excitement with tears of joy rolling
down the corners of his eyes.
That adventure has made
him through and through an oil baron because his company, Conoil Producing Limited
is the largest indigenous oil production company in Nigeria. While Conoil
Plc
which was previously government owned—National Oil and Chemical
Marketing
(NOLCHEM) Plc is one of the largest petroleum marketing companies
in Nigeria.
Adenuga
was now in the real big league, and stories began to make the rounds about the
source of his wealth and that was probably why he decided to do the Newswatch
interview to put his wealth into perspective and stop the warped rumors.

Dr. Mike Adenuga Jnr. (R) with ex-President John Agyekum Kufour of Ghana (L) and a guest
His
‘most difficult’ breakthrough…
The next great business
achievement was not single-handedly establishing two banks: Devcom
Merchant
and Equitorial Trust Bank (Now Sterling
Bank), it was the arrival of Globacom.
Globacom
is another evidence of Adenuga’s never-say-die spirit. He
showed with Globacom that failure is not final but only an avenue to show
your inner strength and strong will.
Richard DeVos,
the American millionaire and owner of Orlando Magic basketball team said
about success “The only thing that stands
between a man and what he wants from life is often merely the will to try it
and the faith to believe it is possible”
This point was
supported by Orison Swett Marden, Author and Founder of the Success Magazine, who said “Great men have found no royal road to their
triumph. It is always the old route by way of industry and perseverance”
Globacom
is a symbol of Adenuga’s perseverance and his entrepreneurial acumen.
His venture into the
telecoms industry was tortuous. In 2001, the Nigeria Communication
Commission
(NCC) announced that Nigeria was ready to auction Global System for Mobile Communications
(GSM) licenses and called for bids.
At the end of the
process, four companies including Adenuga’s Communication Investment
Limited
(CIL) were declared winners. Immediately, everyone had to make a
mandatory $20m (Twenty Million dollars) payment and then pay the $265
Million
(Two Hundred and sixty-five million US dollars) license fee in
14 days.
While Adenuga
was in the process of effecting payment, his technical team discovered a
problem. He had been allocated a license that was in dispute. He was now in a
dilemma, should he pay such a huge amount for a venture that was a subject of
litigation or withdraw?
The Lion-hearted Adenuga
decided to make payment but with condition. The government later announced that
CIL
had failed to meet the deadline—and his license was revoked.

Dr. Mike Adenuga with late Stephen Keshi & Joseph Yobo as PILLAR OF SPORTS
Mike Jituboh,
Globacom’s Executive director,
Special Projects who led the CIL team to the 3-day GSM Auctions
on January 17, 2001 at the Nicon Hilton
Hotel
Abuja recollected the
painful incident as published by the Technology Times Nigeria.
Jituboh
revealed, “A day after winning one of the
three GSM licenses, a CIL team led by Dr.
Adenuga
headed for Paris for negotiations with BNP Paribas. After several days of protracted negotiations,
agreements were reached on the terms and condition for a loan facility of $265
million for paying the balance of the GSM license. The deadline for making payments
was 5pm of 9th February 2001 and on the fateful day all was set for
a transfer by swift instruction when word came in from our colleagues in Lagos
that the frequency allocated to CIL was the same frequency that had been allocated
to and being used by Motophone. The
later was in court to challenge the government’s withdrawal of her frequency”.
According to the Globacom
Director, the CIL team faced a debacle that needed
quick and decisive action in the light of the fact that its assigned frequency
spectrum was under litigation form Motophone owned by the Chagouris
and the dilemma of meeting  the strict
deadline for the provisional license assigned by NCC, the telecoms regulator that auctioned the spectrum.
“With
its assigned frequency under litigation and the deadline for payment
approaching, we had to decide whether or not to pay the huge sum of $265 and
hope that Motorphone’s litigation would
not end up ensnaring both the money and our ambitious plan, of establishing one
of the biggest and best telecommunications network in the world. With no time
left to resolve the matter with the government before making payment, we
decided to make payment with condition that the money should be released after government
gives CIL an indemnity to cover the possibility of Motophone winning its suit and retaining the litigious frequency”.
“Consequently
payment of $265 million was made by BNP Paribas before the deadline hour on
9th February 2001 directly to the designated account at JP Morgan, New York, along with the aforementioned condition”.

Dr. Mike Adenuga Jnr. The ex-taxi driver who became a billionaire
“As
most Nigerians will recall, the government rejected the condition that was
placed on the payment and cancelled the CIL license. The government refused all
entreaties and the funds were ultimately returned to BNP Paribas! That explanation puts paid to the story that made the
rounds at that time that Adenuga
could not raise the required funds”.
His elder brother, Otunba
Ademola Adenuga
had this to say about that setback “Mike lost $20 million, but he never lost hope. He never gave up. He
kept hope alive; that is one thing about my brother: he is an eternal optimist.
Something kept propelling him not to give up on the matter.”
And like the dogged
fighter that he is, Dr. Adenuga took that upper cut firmly on the chin, brushed it
aside and went on. That was on February 9, 2001.
Another
$20 Million Dolars at Stake
In August 2002, the
government again decided to auction another license; this was by all ramifications
a bigger pie: The Second National Operator (SNO). The license entitles the winner
to operate a GSM and fixed wireless service as well as have data technology.
The NNC had pegged the reserved price for
the SNO license at 200 Million US dollars (Two hundred million Dollars) Ominitel Nigeria Ltd, AFZI (Telecommunications) Ltd, Renic Investment Ltd and Globacom
were short-listed and were to pay the mandatory reserved price of $20
million.
Only Globacom
met the deadline-and it later paid the remaining $180 million and thus, Adenuga’s
Globacom was born.

Dr. Mike Adenuga Jnr. (The Man who can call you but you cannot call him)
Odd
things Mike Adenuga does for Glo
Through Globacom,
Dr.
Adenuga
is propagating his philosophies of life to the African
continent.  Glo
has taught us to ‘glo with pride’. It has encouraged us to rule our world. Now,
it is propelling us to believe that opportunities for success on earth are
UNLIMITED”
. Interestingly, it is said that the billionaire sometimes
personally voice some of the Glo commercials, a testimony of his
commitment to the cause.
The
Glo of Africa continent…
Apart from spreading
these messages of hope, Glo which aims to become one for the
world’s leading telecommunication network has been spreading smiles and good
fortune.
In Nigeria for example, Globacom
is described as the company that democratized the telecoms sector through it’s per
second billing
technology in addition to its other innovative and
value-added services.

Dr. Mike Adenuga with Isah Hayaotu of Confederation of African Football (L) and others
Globacom
which now operates in Nigeria, Benin, Ghana and Cote D’Ivoire
is making giant strides. It is affecting lives positively, giving more people
the opportunity to connect, employing and creating jobs fort thousands. The
company’s huge support for sports and entertainment has led to a major revolution
in Africa.
Ovation
Reporter’s Testimony
In 2008, this reporter
(Ovation Correspondent) was at the launch of Globacom Service
in Cotonou, Benin Republic. And
witnessed first –hand the magical effect of Glo. The vibe in the city
that day was gripping.
“Before
the official event”,
the reporter narrated “I decide to feel the town and was
awe-struck by the scenes. At the main Glo
retail outlet, in the heart of the city, the queue was as long as the eye could
see. You would think that people were waiting to enter a football stadium. That
is the type of effect Glo has had on
Africa. It is a people-centered network”
the Ovation reporter noted

Dr. Mike Adenuga being confered with his Grand Commander of the Order of Niger (GCON) title by ex-President Goodluck Jonathan
And
the Glo-1 Submarine Cable…
Another major
achievement of the company is the 9,800
km
Glo-1 submarine cable. Glo-1 is the first successful
submarine cable from the United Kingdom
to Nigeria, and Globacom is the first
individual African company to embark on such a project.
Glo-1
is helping to provide high speed internet series, faster, more reliable and
cheaper telecom service for the public.

Dr. Mike Adenuga with two of his star kids, Paddy & Bella  with other staff of Glo
The
IBB theory
Despite his exploits in
business, the Guru as some call him is still a subject of heavy rumors by
doubting Thomases who say he is
fronting for some imaginary people (Including ex-President Ibrahim Badamosi
Babangida)
“I
am sure the business mogul with a combustive temper, would explode in the face
of any who dares say such a thing in his presence because those who know,
reveal that Adenuga never enters
into partnership. He is a one man riot squad”.

The Ovation
reporter explained
“He likes to be the
main man, the conductor of the orchestra, and has his own peculiar set of
rules. In all the business ventures he is involved in, he reports to no one
except God Almighty. 
(Read Part 2 titled “Real
reason why Mike Adenuga stopped attending
Public functions” &
30 more secrets you never heard about him on Asabeafrika shortly)

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