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A PEEP INTO THE STRANGE WORLD OF BILLIONAIRE MIKE ADENUGA – Works at odd hours and alone, doesn’t pick his calls and letters, loves his women busty and fleshy and enjoys Chinese food and champagne…

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10 years ago

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Dr. Mike Adeniyi Ishola Adenuga, Jr., the Chairman of Globacom and Conoil, is not your regular billionaire. The man is simply in a world and class of his own – strange, unusual and eccentric. Sources who know him very well told us that he hates to play the second fiddle. “Adenuga loves to rule his world and dominate his environment…he also doesn’t like being taken unawares and enjoys being in charge totally”.
Dissecting him further, the sources said: “His appetite for work is out of this world and that is why at 1am, 2am, 3am, you can still find him in the office working; sometimes all alone. Most of his key staffers like Bode Opeseitan and co don’t have any closing time. The man can call them up at any time and summon them to the office. But he compensates them immeasurably for this. He knows all his key staffers by name. Not only that, no major staff can be employed in any of his companies without his input. He must see the person before the final decision can be taken.
“You may describe this as queer, but Adenuga doesn’t pick his calls. Even letters are not accepted in his office, no matter where they are coming from. All his calls must pass through someone before getting to him. You can’t just reach him on the phone directly. One of his oldest staffers, Nora, from Sierra Leone, usually serves as the link between him and whoever he wants to establish contact with or talk to. She’s the person that takes his calls most times. You equally don’t remind him of anything. He does his things at his own time”. Rarely seen in public, Adenuga, sometimes, doesn’t even attend his own events – no matter how important and who and who have been invited. “He hardly laughs outside, but in the midst of his friends, you will see him rolling in laughter. He has only a handful of friends – and in that category are Otunba Niyi Adewunmi, a long time pal whom he has made a Director in some of his companies; former military President, General Ibrahim Babangida (rtd); erstwhile Vice President, Alhaji Atiku Abubakar; ex-Abia Governor, Dr. Orji Uzor Kalu; one-time Minister of Police Affairs, General David Jemibewon (rtd) and Senator Tunde Ogbeha. He’s so, so close to Ogbeha, because I remember vividly that on Monday, October 22, 2000, he personally drove to the airport (here in Ikeja) to pick up Ogbeha. But you know he hadn’t become this big and popular then; but that is to tell you how close they are. And during any of his rare public appearances, the man won’t smile, won’t eat, won’t drink and will usually keep to himself, with his bodyguards keeping watch and ensuring that no intruder comes close. “However, any time he wants to enjoy himself, he goes for champagne and Chinese food. There’s this particular Chinese restaurant that he normally goes to in VI; not too far from his office”. A very, very intriguing character, we gathered that Adenuga, GCON, likes his women busty and fleshy. His second wife, Titi is a good example. His path and that of the 51-year-old mother of two (Shade and Adeniyi) crossed during her NYSC programme (after graduating from OAU, Ile-Ife) at Adenuga’s bank. This was years after his first marriage to Bolaji Marquis ended on an unpleasant note – after five children – Jide, Bella, Paddy, Oyin and another.
A native of Oru in Ogun State, the no-nonsense business mogul – born on April 29, 60 years ago, does not give up on things. As a matter of fact, he detests the words no, can’t, won’t and impossible. Remember how hard he fought to join the GSM business and all the millions he lost. None of his staff can also be poached unnecessarily – except those he’s not crazy about. And this explains why some of his key staffers usually go and come back. “You can go o, but anyday he remembers you, he will send for you and make you an offer that you can’t refuse”. Fondly called The Guru or Chairman by his disciples, Adenuga is very, very shy, which is unknown to many. It is also the reason he keeps more to himself. In love with agbada, Senegalese kaftans, buba and sokoto, short-sleeve safari suits and lately, smart casuals – with his trademark Yoruba fila – all his tops now carry his initials – MAJ. And on his table, in his office in VI, the full meaning – Mike Adenuga Jr. – is there for all to see. In love with hailing people, especially when happy, as awe ooo!, nearly everything inside his office is coated in gold, with his favourite animal and king of the jungle, a lion emblazoned on them. From the door to the letterhead and envelops, there’s no mistaking The Guru’s beautiful and spacious office. Business-like and serious-minded, there are telephones here and there and some comfortable seats for his guests. Kind hearted to a fault and unarguably one of the most generous souls that the Almighty God created, nobody encounters him without having his or her life radically transformed. “You don’t meet him one on one without a huge smile plastered on your face”. At variance with politics and laziness, the taciturn and evasive bulky billionaire is always changing his phone numbers. And except he gives you the number himself, calling him could spell doom in certain quarters. One of Africa’s richest men, the chairman of The Mike Adenuga Group indeed plays big in telecoms (Globacom), oil and gas (Conoil), real estate, banking and so on. Interestingly, he started out as a cabbie in the United States of America – which he later combined with exporting tomato puree and wine to Nigeria. Educated at North West University and Pace University, both in US, where he read Business Administration, his late mother, Mama Oyin Adenuga, a major distributor for Nigerian Bottling Company, Guinness and Nigerian Breweries had already indoctrinated him into the world of business, which he didn’t forget while outside our shores. Blessed with two brothers and two sisters, two of them, late Yetunde Adegbola, then Chairman of Equatorial Trust Bank and Demola, said to be a businessman, seem to be the closest to him. Hitherto residing in a marble cum mosaic house on Oko Awo, Victoria Island, Adenuga now has a better palace inside Banana Island, in Ikoyi, Lagos. Not given to flamboyance and any form of extravagance, there’s also The Gold Digger’s Place in Iyaganku GRA, Ibadan, where he still spends most weekends and other cute pads like the one in York Terrace, Regent Park and St. Johnswood, both in London. Driving himself more often than not, his favourite automobile may be his G-Wagon Benz which he is mostly seen in. And not forgetting his private jets, with which he could easily monitor his many businesses, keep very serious appointments and also savour the fruits of his labour. Alleged to be one of the largest owners of prime properties on Victoria Island, Adenuga who they say shouts on his staffers when upset is large; very large. Forbes Magazine, as a matter of fact, just rated him as Africa’s 2nd richest man and No. 325 in the world.

By: Azuh Arinze

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An Icon of Service: NATCOM boss, Otunba Adejare Adegbenro’s Leadership Legacy

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12 hours ago

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April 24, 2024

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In the intricate mosaic of Nigeria’s societal fabric, Otunba Adejare Adegbenro stands as a beacon of commitment, resilience, and service.

 

Born on March 6th, 1973, in Lagos, he draws from a lineage steeped in political legacy, being the grandson of the late Premier of Western Region, Alhaji Daudu Sooroye Adegbenro. Raised in a family that values service to the community, Otunba Adegbenro has carved his path as a distinguished figure in Nigerian society.

 

The culmination of his familial heritage and dedication to community service was marked by his installation as the first Otunba Laje of Owu Kingdom in Ogun State, Southwest Nigeria.

 

This historic event, which took place on January 20th, 2018, under the auspices of His Royal Majesty Oba Olusanya Dosunmu II, traditional ruler of Owu kingdom, reinforced Otunba Adegbenro’s deep-rooted ties to his cultural heritage and commitment to uplifting his people.

 

Beyond his traditional titles, his influence extends globally, with his appointment as High Commissioner by the International Human Rights Commission (IHRC), where he spearheads foreign special missions aimed at preventing illegal migration and human trafficking. This appointment is a testament of his reputation as a renowned security expert and industrialist, whose expertise transcends national borders.

 

In his role as the acting Director-General of the National Commission against the Proliferation of Arms, Light Weapons, and Pipeline Vandalism (NATCOM), Otunba Adegbenro has demonstrated a steadfast commitment to combating threats to national security. His vast experience in security consultancy and supply of security gadgets has positioned him as a pivotal figure in Nigeria’s security landscape.

 

However, Otunba Laje of Owu Kingdom’s contributions extend beyond the realm of security.

 

Through his foundation, the Otunba Adejare Adegbenro Foundation (OAAF), he channels his resources towards uplifting the less privileged in society. With initiatives ranging from the provision of boreholes to communities lacking access to clean water, to scholarships for deserving students, he exemplifies the spirit of philanthropy and communal solidarity.

 

Reflecting on his journey, Otunba Adegbenro once acknowledged the challenges he has faced, from navigating the complexities of entrepreneurship to confronting societal stereotypes.

 

Yet, through it all, he remains resolute in his commitment to service and upliftment. His philosophy, rooted in faith and compassion, drives him to make a tangible difference in the lives of others, regardless of obstacles encountered along the way.

 

Otunba Adejare Adegbenro stands as a testament to the power of leadership, resilience, and unwavering dedication to the common good. In him, Nigerians find not only a visionary leader but a compassionate steward of progress, whose impact reverberates far beyond the shores of his homeland.

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Society

Real Reasons WPG, Parent Company Of Eko Electricity Distribution Company, EKEDC, Sacks Ex-MD/CEO, Tinuade Sanda With Immediate Effect

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15 hours ago

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April 24, 2024

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West Power & Gas Limited, the parent company of Eko Electricity Distribution Plc (EKEDP) has sacked the immediate former MD/CEO of the electricity distribution company, Ms Tinuade Sanda.

Sanda’s appointment with WPG Ltd was terminated in a letter signed by the company chairman, Charles Momoh and dated April 17, 2024.

The letter titled, ‘Termination Of Contract Of Employment,’ said Ms Sanda’s termination of employment takes effect from the date on the letter.

It reads, “We refer to your contract of employment dated April 1, 2022, signed between you and WPG Limited [the “Contract”].

“We hereby advise you that your services are no longer required and accordingly your employment with WPG Ltd is hereby terminated effective April 17, 2024, in accordance with clause 10.2 of the Contract.

“WPG Ltd is obligated to pay you three months salary in lieu of notice and hereby advise you that the due amounts have been credited to your account.

“You are requested to kindly return all company’s properties (whether WPG or EKEDP) in your possession which will include but not limited to laptops, identity card, and status car upon your receipt of this letter.”

“We wish you all the best in your future endeavours,” it added.

On March 26, Society Reporters reported that Ms Sanda had been suspended by EKEDP and directed to return to WPG, from where she had been seconded to the electricity company.

The suspension was in line with a directive of the Nigerian Electricity Regulatory Commission (NERC) to the EKEDP board to suspend with immediate effect all the workers of WPG Limited working with the company.

WPG is a limited liability company incorporated under the laws of the Federal Republic of Nigeria, which has a stake in EKEDP. The consortium of local businesses acquired a 60% stake and controlling interest in EKEDP (Eko Disco).

We gathered that the directive might be connected with the recent petition by some concerned staff members of EKEDP to the Vice President, Senator Kashim Shettima; Independent Corrupt Practices and Other Related Offences Commission (ICPC), and the Economic and Financial Crimes Commission (EFCC) for intervention in the alleged endemic corruption in the management of the electricity distribution firm.

Although the company had dismissed the allegation, describing it as unfounded, the accusers continued to push for external investigation.

Society Reporters reported on March 18, that the Board of Directors and Management of the electricity distribution company had cleared all the staff members accused of corruption and other fraudulent practices.

The Board in a statement signed by its Chairman, Dere Otubu, titled “Eko Disco Management Cleared In ‘Ghost Worker’ Investigation,” said that the investigation into the ‘ghost workers’ allegations had been concluded and findings indicated that the allegations of fraud, negligence, or conspiracy against some members of staff were unfounded.

However, in compliance with the directive of NERC, the Board Chairman, Otubu, directed Ms Sanda to leave her position as MD/CEO of EKEDP, as she was also seconded from WPG.

But reacting to the report, Director and Chairman, Legal and Regulatory Committee, Mr. Babor Egeregor, faulted the Board Chairman’s letter suspending the MD/CEO and others on secondment, insisting that Ms Sanda remained the CEO of EKEDP.

Indeed, we learnt that following the directive, the MD/CEO, Chief Legal Officer, Chief Finance Officer, Chief Human Resources Officer, Chief Auditor and Compliance Officer and others on secondment at the company handed over their handover notes to their subordinates as directed.

A copy of the letter addressed to the MD/CEO signed by the board chairman, dated March 25, 2024 and obtained by us, is titled: ‘Implementation Of NERC Directive On Seconded Staff.’

The letter read, “We have received a NERC directive dated March 21, 2024, which instructed Eko Electricity Distribution Plc inter alia, as follows: ‘EKEDC is hereby directed to ensure that all staff working for the utility are employed by the utility directly, bound by applicable service conditions that are applicable to the employees of the utility and paid through the utilities payroll.’

“The Disco is obligated to obey these directives due to the powers of NERC as stipulated in the Electricity Act 2023. In compliance with the above directive, all seconded staff from WPG Ltd are being released by Eko Electricity Distribution Plc and returned to WPG Ltd.

“You are hereby relieved of your role, office, and position at Eko Electricity Distribution Plc effective immediately and returned to WPG Ltd your Employer.

“You are further directed to hand over to the highest ranking staff of Eko Electricity Distribution Plc under you.

“We hereby record our appreciation of your valuable services and contribution to the growth and successes achieved by Eko Electricity Distribution Plc over the years as a seconded staff from WPG.”

A source told this platform that those affected were discovered to have been operating with a ‘double standard’ on the job.

The Director of IT department, JP Attueyi, a WPG staff member also seconded to EKEDC, swiftly handed over to the most senior person in his department.

In his handover note, addressed to the IT Department and Temitope Odufuwa, dated March 25, Attueyi said it was in compliance with the directive of the chairman.

It partly read: “As you may be aware, I am a WPG staff seconded to EKEDC – WPG owns EKEDC. Today I got an email from the EKEDC Chairman saying that all WPG staff have been recalled back to the parent company effective immediately. As such, I will be handing over to Tope to run the IT department.”

“Please give him the necessary support as we navigate this period,” he wrote.

 

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Society

Just In: EFCC Arrests Former Aviation Minister Hadi Sirika Over Alleged N8bn Nigeria Air Fraud

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1 day ago

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April 23, 2024

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The Economic and Financial Crimes Commission has arrested former Minister of Aviation, Hadi Sirika, over an ongoing N8,069,176,864.00 money laundering probe.

The indicted former Minister of Aviation arrived at the Federal Capital Territory Command of the EFCC at about 1:00 pm on Tuesday, The PUNCH is reporting.

Our correspondent, who was at the Wuse office of the EFCC, observed the embattled former minister’s arrival at the anti-graft agency’s Abuja office.

Following his arrival at the command, Sirika is currently meeting with EFCC investigators to answer questions on alleged fraudulent contracts awarded by him to a company known as Engirios Nigeria Limited, owned by his younger sibling, Abubakar Sirika.

Impeccable anti-graft sources who spoke on the condition of anonymity, because they were not authorized to speak, confirmed the development to our correspondent on Tuesday.

“Yes, that was Hadi Sirika who was taken into our FCT custody. He is currently meeting with EFCC investigators over the alleged N8,069,176,864.00 aviation ministry contract fraud,” a source revealed.

Another source noted, “The N8,069,176,864.00 aviation ministry contract fraud was carried out in connivance with his younger brother, Abubakar Sirika, through the latter’s company.”

In February, It was exclusively reported that the EFCC was investigating the activities of the Aviation Ministry under former Minister Sirika for conspiracy, abuse of office, diversion of public funds, and contract inflation.

A credible source who spoke with our correspondent on Tuesday revealed that the anti-graft commission is investigating the activities of the Aviation Ministry for conspiracy, abuse of office, diversion of public funds, and contract inflation.

Others are criminal breaches of trust and money laundering amounting to N8,069,176,864.00 during Sirika’s tenure in office.

 

The sum is said to be for four aviation contracts from the former minister to a company known as Engirios Nigeria Limited, owned by his younger sibling, Abubakar Sirika.

Apart from being listed as the company’s Managing Director and Chief Executive Officer, Abubakar is said to be the sole signatory to the company’s two accounts, domiciled in Zenith and Union Banksy.

It was further revealed that the ex-minister’s younger brother, Abubakar Sirika, has been arrested and detained by the commission in connection with N3,212,258,930.18 paid to his company, Engirios Nigerian Limited’s, bank account by the former minister.

It was noted that there is no trace of work done on any of the contract items to date.

The source said Abubakar Sirika, who was arrested on Sunday, February 4, has since been assisting the commission in its probe of the Aviation Ministry’s financial expenditures during Mr Sirika’s tenure.

The EFCC investigator said, “We’re investigating an N8,069,176,864.00 money laundering case linked to former Aviation Minister Hadi Sirika.

“Hadi awarded contracts to his brother Abubakar, knowing that the latter is a civil servant, a deputy director on Level 16 in the Federal Ministry of Water Resources, where he has been working since 2000 till date.

“The first of the contracts from the former minister to Engirios Nigeria Limited was on August 18, 2022, for the construction of the Terminal Building in Katsina Airport, at a cost of N1,345,586,500.00. The second was awarded on November 3, 2022, for the establishment of the Fire Truck Maintenance and Refurbishment Center in Katsina Airport, valued at N3, 811,497,685.00.

“The third contract was on February 3, 2023, for the procurement and installation of lifts, air conditioners, and a power generator’s house in Aviation House, Abuja, at the cost of N615,195,275.000, while the fourth was awarded on May 5, 2023, for the procurement of Magnus aircraft and a simulator for the Nigerian College of Aviation Technology, Zaria, at the cost of N2, 296,897,404.00.

“Out of the total contract sum, the ex-minister paid out N3,212,258,930.18 to his younger brother’s Engirios Nigerian Limited, who, upon receipt of the payment, transferred it to different companies and individuals. There is no trace of work done on any of the contract items to date.

“Abubakar Sirika is currently in our custody at the Headquarters, and he is providing us with more useful information on the financial activities of the Aviation Ministry under the supervision of his older brother, Hadi Sirika.”

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