Mike Adenuga
| Mike Adenuga | |
|---|---|
| Born |
Michael Adeniyi Agbolade Ishola Adenuga 29 April 1953 Ibadan, Oyo, Nigeria |
| Residence | Banana Island, Ikoyi, Lagos, Lagos State, Nigeria |
| Nationality | Nigerian |
| Education | Ibadan Grammar School |
| Alma mater |
Northwestern Oklahoma State University Pace University |
| Occupation | Founder of Globacom, Chairman of Conoil |
| Net worth | $5.8 billion (2017) |
| Children | 7 |
Michael Adeniyi Agbolade Ishola Adenuga Jr (born 29 April 1953) is a Nigerian business tycoon, and the second richest person in Nigeria. His company Globacom is Nigeria's second-largest telecom operator, and also has a presence in Ghana and Benin. He also owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil (formerly Consolidated Oil Company). Forbes has estimated his net worth at $5.8 billion as of 2017, which makes him second wealthiest Nigerian behind Aliko Dangote,as well as the third richest person in Africa.
His father, the Michael Agbolade Adenuga Sr, was a school teacher, his mother Juliana Oyindamola Adenuga (née Onashile of Okesopin, Ijebu Igbo) a businesswoman of royal Ijebu descent.
Adenuga received his secondary school education at the Ibadan Grammar School, Ibadan and Comprehensive High School, Aiyetoro for his Higher School Certificate(HSC). He worked as a taxi driver to help fund his university education. He graduated from Northwestern Oklahoma State University and Pace University, New York with degrees in Business Administration.
In 1990, he received a drilling license and in 1991, his Consolidated Oil struck oil in the shallow waters of Southwestern Ondo State, the first indigenous oil company to do so in commercial quantity.
He was issued a conditional GSM licence in 1999; after it was revoked he received a second one when the government held another auction in 2003. His telecom company Globacom spread quickly and started challenging the giant MTN Group. It launched services in Benin in 2008, and has continued its spread across Ghana and Côte d'Ivoire, with more licences currently being prospected in other West African countries.
He was named African Entrepreneur of The Year at the maiden African Telecoms Awards (ATA) on 15 August 2007.
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