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Mike Adenuga Biography Net Worth & Family


Chief mike adenuga, CEO of Conoil,Globacom

Mike Adenuga Biography Net Worth & Family

In our previous post we wrote a very inspiorational post where we talked about the Biography  of the richest man in Africa , Aliko Dangote  who is originally from Nigeria and as God would have it we did justice to the topic as we revealed all that needed to be known about him . Right now, we are going to be exposing the Biography, Net Worth , Family and Children of the second richest man in Nigeria , Mike Adenuga .

FULL NAME: Mike Adenuga (Michael Adeniyi Agbolade Ishola Adenuga)
DATE OF BIRTH(D.O.B): Born on The  29th April, 1953
PLACE OF BIRTH: Ibadan, Western Nigeria
OCCUPATION: Business Man:Founder of Globacom, Chairman of Conoil
NET WORTH: $4.6 billion (January 2015)

Dr. Michael Adeniyi Ishola Adenuga Jr. (CON) happens to be the second richest man in Nigeria according to Forbs magazine . He was born in the year 1953, in the ancient city of Ibadan, into the family of Chief Mike Adenuga Snr.,  his mother,  Juliana Oyindamola Adenuga is from a royal Family in Ijebu Igbo. His father is a school teacher and Madam Oyindamola Adenuga , a successful trader and Yeyeoba of Ijebuland. Adenuga is a native of Ijebu Igbo in Ogun State of Nigeria.

Mike Adenuga  attended his secondary education at Ibadan Grammar School, in Oyo State, Nigeria. After rounding up his secondary school education he gained admission into the university . He studied Business Administration at Northwestern State University, Alva Oklahoma in the United States. Form there, he went to New York where he bagged a Masters degree at Pace University, New York, majoring in Business Administration with emphasis on Marketing . He started from the grass root just like Aliko Dangote to become one of the biggest and richest business man in Africa . His achivements in Business sphere has contributed greatly to the development of Nigeria economy and this outstanding accomplishments earned him an honorary doctorate degree by the Ogun State University couple of years ago .

His parents never had keen interest in Business  . The Oloye Adenuga’s father Michael Agbolade Adenuga Sr. was just a school teacher while his mother Juliana Oyindamola Adenuga (née Onashile of Okesopin, Ijebu Igbo) was only a petty trader . He had his secondary school education in his home town Ibadan , while in the university he worked as a taxi driver to fund his education as his parents were not bouyant enough to take full responsibility of his educational expenses . After rounding up his secondary school , he got admission into Northwestern Oklahoma State University and rounding up there he also attended Pace University, New York from the department of Business Administration . As you can see here , business was his thing right from day one of his life . His plan in life was to become a successful business man and that is what he has achieved for himself .

In the year 1990 , Mike Adenuga received a drilling license , in the year 1991 , he his Consolidated Oil struck oil in the shallow waters of Southwestern Ondo State, the first indigenous oil company to do so in a massive manner .  In the year 1999 , another one came , the second richest man in Nigeria was issued a conditional GSM licence in 1999 .
Mike Adenuga BiographyMike Adenuga is the owner of Consolidated Oil Company (now CONOIL) , this oil company was the first Local oil company to discover Oil in commercial quantity in Ondo State in the year 1991, shortly after receiving drilling licence in 1990 as i mentions ealier in the previous paragraph . He is also the founder of Nigeria’s second largest telecommunication network , Globacom . This mobile network provider was founded in the year 2003 and statistic revealed that it alreaady have over 27 million active subscribers in Nigeria today . Mike Adenuga is that man that is know for his tactful and investment lifestyle , he is a major share holder in Equatorial Trust Bank, now called  Sterling Bank.


Rumors And Scandals

In 2012 , Mike Adenuga was involved in Oil Bunkering  scandal . In 2009 Economic and Financial Crimes Commission (EFCC) detained Mike Adenuga on money laudry charges . HE was later granted State pardon by the late President, Umaru Musa Yar’Adua. In 2010 , Adenuga and wife were involve in a fraud scandal and this matter later involved Economic and Financial Crimes Commission (EFCC) .


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