ADENUGA, Otunba (Dr.) Michael Niyi

Born April 29, 1953

ADENUGA, Otunba

Michael

Niyi
Gender: Male
Name of Spouse
State of Origin: Ogun
Father's Name Oloye Michael Agbolade Adenuga Sr
Mother's Name Juliana Oyindamola Adenuga (née Onashile of Okesopin

Has seven children (Jide, Bella, Paddy, Oyin and others)

Profession Industrialist , Entrepreneur
Working Experience

Founder of Globacom, Chairman of Conoil

Previous Appointments:

Commodity Trader, 1970; C.E.O: Worldspan Consult Nigeria Ltd; Director, Equatorial Trust Bank; Chairman, Devcom Bank Ltd; Consolidated Oil, (Conoil); Vixien Ltd; First indigenous Oil Company in E&P, Communication Investment Ltd; Second National Operator, Global Com. Ltd

Commodity Trader, 1970; C.E.O: Worldspan Consult Nigeria Ltd; Director, Equatorial Trust Bank; Chairman, Devcom Bank Ltd; Consolidated Oil, (Conoil); Vixien Ltd; First indigenous Oil Company in E&P, Communication Investment Ltd; Second National Operator, Global Com. Ltd

Ibadan Grammar School, Northwestern University Oklahoma, USA; and Pace University, New York, both in the United States where he studied business administration.
N/A

Otunba

Grand Commander of the Order of Niger. 2012

Honorary Doctorate, Business Administration, Ogun State University, 1992;

CEO of the Year, by ThisDay 10th Anniversary Award, 2004;
African Entrepreneur of The Year at the maiden African Telecoms Awards (ATA) on 15 August 2007.

Banana Island, Ikoyi, Lagos,

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He was issued a conditional GSM licence in 1999; after it was revoked he received a second one when the government held another auction in 2003.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.
In 2009, Adenuga was detained for money laundering by the Economic and Financial Crimes Commission. Adenuga left the country and lived in London until the Umaru Musa Yar’Adua regime granted him a pardon.
In May 2015, Adenuga made a takeover bid to purchase Ivorian mobile telecom’s operator Comium Côte d’Ivoire for $600 million.

In June 2016 it was revealed that Adenuga was being pursued for a combined debt of USD $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, has an interim injunction placed on it by the High Court in Lagos, after failed to pay USD $9.4 million it owed to the US oil and gas firm Baker Hughes

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