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GLOBACOM CHAIRMAN EMERGES STRONG ON WORLD’S RICH LIST

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As recession creeps on Nigeria, holding the country down in a vice grip, like a kite caught under the wheels of a waste truck, industries collapse and merchants wallow in excessive decay and ruin. But quintessential African billionaire, Dr. Mike Ishola Agbolade Adenuga, the champion, stays immune to the ravages of the declining economy. Dr. Adenuga is something of a visionary.

But at the core of his vision is a deep sense of scale; a profound passion for industry and respect for the universe, in their separate immensities. The Globacom boss and billionaire nurtures abiding love and respect for fellow humans, particularly those whose minds can somehow span the depth of his industry and citizenship of humanity.

 

The GCON and CSG, is extremely wealthy and he’s never in competition with anyone, at home and abroad. The illustrious son of Ijebu land in Ogun state, is quiet about his God-given wealth even as he touches so many lives in Nigeria nay Africa. Little wonder, he and others are still standing firm on the Forbes list of billionaires for 2017, released a few days ago. The rankings also show that Dangote and Adenuga remain richer than US President Donald Trump, who lost about $1 billion in the last year — three times less than what Dangote lost.

 

The billionaire oil tycoon and chairman of telecom giant, actually got richer in 2016 even as the country and his fellow billionaire magnates bend and break under the weight of the hard times. According to Forbes Magazine, Adenuga’s net worth increased $2.7 billion to $5.8 billion since December 31, 2015. Within the timeline, no other African billionaire added more than $1 billion to his or her net worth. Adenuga’s net worth however, increased since the beginning of 2016.

 

No doubt, everybody lives in awe of Mike Adenuga. Maybe it’s because of his brilliance and dazzling excellence. Perhaps it’s because he is about as smooth as a stucco bathtub and yet a giant of a man, given to a life of quiet dignity. Adenuga is the best thing going for corporate Nigeria – in the telecoms sector to be precise. Call him what you want, but recognize him for what he is: a futuristic magnate cum problem solver. And an effective one at that. He’s soft-spoken, but driven by a fierce determination to bring progress to his beloved Nigeria and the African continent. That is why Globacom leads the telecoms revolutionary drive.

 

By his unusual exploits, Adenuga has charted a radical path to one of the world’s largest and most influential business organisations: Globacom. His leadership is authentic, and his focus on equality is nothing short of revolutionary, a clarion call for the world of philanthropy and an inspiration to fellow billionaires working for a more just and loving world. Adenuga’s life is certainly fantastic—the stuff of fairy tales, magazine covers and excellent portraits. But it’s crucial to note that he made his own destiny. He effortlessly melds into the roles of a diligent worker and responsible family man. This is why his business thrives and his family blossoms with amazing speed, sophistication and simplicity.

 

 

THISDAY

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Between Gov. Hope Uzodimma And Imo Hoteliers…….

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Governor Hope Uzodimma has prevented the proposed strike by the Imo Hoteliers Association.

The strike was scheduled to commence on Tuesday but the Chairman of the association, Mr. Chima Chukwunyere announced in Owerri that the strike has been suspended.

Chukwunyere said that the proposed strike was suspended after due consultations with Gov. Uzodimma.

According to him, Uzodimma promised to personally intervene to solve all the outstanding issues raised by the association.

“The governor condemned the actions of sealing and looting of the hotels illegally and directed that no ministry should use consultants in revenue collection.

” He promised to convene a meeting of the executives of the Imo Internal Revenue Service and those of the Nigeria Hotel Association, Imo chapter, to harmonize the demand notice issued to the hoteliers.“

Chukwunyere said that the governor also advised members to pay taxes to enable the Imo government to function and serve the state better.

The association on Sept. 10 threatened to embark on strike over alleged multiple taxations, illegal sealing of hotels, and unprofessional conduct of revenue collectors.

 

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Despite his “expulsion”, ADC presidential candidate, Kachikwu, makes INEC list

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Mr Kachikwu was expelled from the party last Friday by the Ralph Nwosu-led NWC.

The embattled presidential candidate of the African Democratic Congress (ADC), Dumebi Kachikwu, has been named among candidates validly nominated by political parties for the 2023 presidential election despite his “expulsion” from the party.

Mr Kachikwu was among the 18 presidential candidates approved by the Independent National Electoral Commission (INEC) on Tuesday.

The Ralph Nwosu-led National Working Committee (NWC) of the party announced the expulsion of Mr Kachikwu from the party last Friday for alleged anti-party activities.

He was expelled along with seven other key party leaders following the recommendation of a seven-member disciplinary committee earlier set up by the ADC NWC. The NWC had earlier on 2 September placed the presidential candidate on suspension.

Mr Nwosu, in a statement issued late Friday, said the disciplinary committee found Mr Kachikwu guilty of allegations of gross misconduct, and gross violations of its constitution, among others.

But in its reaction the following day, the interim leadership of the ADC dismissed Mr Kachikwu’s purported expulsion.

The interim National Chairman of the Party, Patricia Akwashiki, in a statement, described the action of the erstwhile chairman, Mr Nwosu, as the antics of a sinking man clutching at straws.

The crisis rocking the ADC has its genesis in the call for the resignation of the national chairman by 27 state chairmen of the party, having spent 17 years in the office.

At the time of filing this report, we could not confirm if the party’s leadership had made formal or legal requests to the commission to remove the candidate from the list.

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Stella Obasanjo’s brother, John Abebe, arraigned for fraud

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Dr. John Abebe, the younger brother of a former First Lady, Stella Obasanjo, was on Monday arraigned by the Economic and Financial Crimes Commission on Monday before the Lagos State Special Offences Court in Ikeja over allegations of fraud.

Abebe was arraigned alongside a former Head of Firstbank Plc, United Kingdom Correspondent Office, Kamoru Alade Oladimeji, before Justice Olubunmi Abike-Fadipe on six charges of conspiracy, stealing, and obtaining money under pretence.

Part of the counts against the defendants read: “That you, Dr. John Abebe and Kamoru Alade Oladimeji, on or about the 4th day of June 2013 in Lagos within the jurisdiction of this Honourable Court conspired amongst yourselves to commit felony to wit; stealing the sum of N120 million worth of property of Arsenal Technologies Limited.”

“That you, Dr. John Abebe and Kamoru Alade Oladimeji, on or about the 4th day of June 2013, in Lagos within the jurisdiction of this Honourable Court conspired amongst yourselves to commit felony to wit; obtaining by false pretence the sum of N120 million property of Arsenal Technologies Limited under the pretence that your property lying being and situate at 9, Magbon Close, Ikoyi-Lagos State, which you pledged as the security to the Arsenal Technologies Limited was unencumbered, which representation you knew to be false.”

“That you Dr. John Abebe and Inducon Nigeria Limited, on or about the 4th day of June 2013, in Lagos within the jurisdiction of this Honourable Court, with intent to defraud and to gain for yourself the sum of $1,000,000.00 or its Naira equivalent from Arsenal Technologies Limited by false pretence to procure the execution of valuable security to wit; a deed of assignment between Inducon Nigeria Limited and Arsenal Technologies Limited, wherein you falsely claimed that the property lying being and situate at No. 9, Magbon Close, Ikoyi-Lagos was unencumbered and that you have full powers to assign and transfer the said property to the assignor; Arsenal Technologies Limited.

According to EFCC, the offences committed are contrary to Sections 280(1), (12), 8 (7), 285(1) and 278(1)(b) of the Criminal Laws of Lagos State, 2011.

The defendants, however, pleaded not guilty to the charge.

Following their plea, the prosecutor, Sulaimon urged the court to fix a trial date and to remand the defendants in the custody of the Nigerian Correctional Services until the hearing and determination of the charge.

However, the defense counsel, Anthony Popo and Sam Etaifo urged the court to grant their clients bail in the most liberal terms.

While moving the bail application on behalf of Abebe, Popo told the judge that the matter before her is a commercial transaction between the first defendant and the nominal complainant, which he is ready to settle out of court.

He also claimed that Abebe had paid back the sums of $100,000 and N30 million to the complainant and had also deposited the title document of 26 acres of land and the documents of a property in London to show his seriousness to resolve the matter.

The lawyer further submitted that the defendant would not jump bail since he never violated the terms of the administrative bail granted to him by the EFCC.

The prosecutor did not oppose the application but urged the court to impose stringent terms that will ensure the defendant’s appearance in court for their trial.

In her ruling, Justice Abike-Fadipe granted the first defendant bail in the sum of N20 million with one surety in like sum.

She directed that the surety must be a resident of Lagos and must deposit the title document of a land property whose value must not be less than N20m

The judge also admitted the second defendant to bail in the sum of N10m with one surety in like sum, who must be a resident of the state.

Justice Abike-Fadipe further ordered that the defendant shall continue to enjoy the administrative bail earlier granted to them by the EFCC but if they failed after seven days to perfect the terms of the bail she granted them, they shall be arrested and remanded in prison.

She adjourned the case to December 6 for commencement of trial.

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