Ibadan, Oyo State
Adenuga
Michael
- Married
Bella, Adetutu Oyindamola Emilia, Eniola, Folashade Adeniyi, Prince Michael, Tunde and Abimbola
Founder of Globacom and Chairman of Conoil
Otunba Apesin of the Ijebu clan.
African Entrepreneur of The Year at ATA 2007
Grand commander of the order of Niger (GCON) 2012
Companion of the Star of Ghana (CSG) 2018
100 distinguished and Eminent Nigerians Centenary Awards 2018
Commander of the Legion of Honour 2018
In 2018, he was decorated with the insignia of a Commander of the Legion of Honour by President Emmanuel Macron of France
Mike Adenuga prefers to keep his kind gestures to humanity a secret but trust us to dig deeper. His philanthropy activities are carried out majorly through the Mike Adenuga Foundation. This foundation provides help to Nigeria and other African countries. The foundation once supported the victims of a flood with N500m in Bayelsa. Mike Adenuga was once the major sponsor of the Glo-CAF Award.
Adenuga cut his teeth in business at his parents’ sawmill in Ijebu-Ode which they handed over to him to run upon his return from the United States. The young man proved his mettle by quickly growing the modest business. A chance meeting with an Austrian tycoon during one of his trips to the US was to dramatically alter his fortunes.
As his business blossomed, so did his personal fortunes. By the age of 26, Adenuga had already become a millionaire. His fortunes literally exploded when he went into construction and swiftly built a reputation for prompt and quality services. His big break came when his military-officers friends assisted him to get government jobs, which he executed satisfactorily, thus opening the door for bigger contracts.
He hardly appears in public and very rarely grants interviews, preferring instead, to let his work speak for him.
He made his first million at age 26 selling lace and distributing soft drinks. He recently purchased Dysney vault (burial tomb) for himself for a whooping N200m at the upscale Vaults and Garden, Ikoyi. In 2009, Adenuga was detained for money laundering by the Economic and Financial Crimes Commission. He subsequently left the country and lived in London until the Umaru Musa Yar’Adua regime granted him a pardon. In June 2016, it was revealed that Adenuga was being pursued for a combined debt of US$140.5 million, after his company ConOil failed to pay debts owed to, among others, the French oil giant Total. Bellbop, another company owned by Adenuga, had an interim injunction placed on it by the High Court in Lagos, after it too failed to pay the $9.4 million owed to the US oil and gas firm Baker Hughes
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