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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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Nollywood, social media, others fueling get-rich-quick syndrome — First Lady

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The wife of President Bola Tinubu, Senator Oluremi Tinubu, on Friday, said skewed messages projected by some movies, social media and religious organisations are fueling the get-rich-quick syndrome which is also driving Nigeria’s high rate of trafficking in persons.

Tinubu also pledged her support to the National Agency for the Prohibition of Trafficking in Persons in the agency’s ongoing fight against human trafficking.

She stated this when the Director-General of the agency, Binta Bello, led the top management of NAPTIP to her office at the State House, Abuja.

Senior Special Assistant to the First Lady on Media, Busola Kukoyi, revealed this in a statement signed on Friday titled ‘First Lady reiterates call for re-orientation for hard work and patience.’

The First Lady, who was briefed on the activities of the Agency, particularly the recent raid on a baby factory in Abuja, where 19 pregnant young girls were rescued, called on youths to stop making themselves easy targets for traffickers and other criminally minded people by embracing the virtues of patience and hard work.

She said, “The get rich quick syndrome is not helping matters. Even our religious institutions are doing prosperity preaching and even the bible talks about work. Social media is also not helping. Nollywood as well.

She pledged her support to the agency, starting with interfacing with wives of State Governors to assist in enhancing awareness and advocacy about its activities.

Earlier, the Director General of the Agency solicited the First Lady’s support for NAPTIP’s renewed campaign against human trafficking and GBV.

Bello explained that it is top of the agenda of the agency, as the trend of trafficking is getting alarming.

“Trafficking in persons is the second largest transnational organised crime in the world after drug trafficking.

“It is also a huge menace in Nigeria and it requires the buy-in and active engagement of critical stakeholders to fight it,” she stated.

She pointed out that despite the agency’s string of successes including the recent rescue of 21 young victims taken from Niger State, en route Republic of Niger, gaps in resources mobilisation and legal frameworks are some of the challenges confronting the operations of the agency.

She highlighted skills acquisition, awareness advocacy, provision of adequate shelter and safe homes, and legislative and policy support as some of the areas of intervention needed from the First Lady.

The First Lady also gave an audience to the new national executives of the National Council for Women Societies of Nigeria, led by its new National President, Princess Edna Azura.

The delegation was in her office to thank her for her motherly support to the council, especially after the passing of its immediate past National President, Lami Lau.

While commending them for working together in unity, the First Lady encouraged the council to do more for their members by taking advantage of the Renewed Hope Initiative, RHI programs at the subnational levels.

Tinubu reiterated her commitment to building better families through the Renewed Hope initiative.

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Ex-minister of Women Affairs, Uju Kennedy-Ohanenye joins Nollywood

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Former Minister of Women Affairs, Uju Kennedy-Ohanenye has joined the Nigerian movie industry, Nollywood.

Kennedy joined Nollywood a few months after being sacked by President Bola Tinubu.

SOCIETY REPORTERS reports that Uju Kennedy-Ohanenye was appointed as minister in August 2023, and removed alongside four others in a cabinet reshuffle on October 23, 2024.

The 51-year-old politician has now shifted her focus to filmmaking barely four months after her removal from the cabinet.

Announcing her acting career on her X handle, the former minister shared a video of her latest project.

Kennedy who is also a lawyer and entrepreneur, joined the All Progressives Congress, APC, in 2015 and emerged the party’s first female presidential aspirant in 2023, before ultimately withdrawing to support Tinubu.

 

 

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Alleged N1.3bn Fraud: Police Withdraw Charge against Obanikoro, Adegbenro and Others…

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The Nigeria Police Force has withdrawn the alleged fraud charge against Mr. Gbolahan Obanikoro, the son of Senator Musiliu Obanikoro, and four others, over alleged N1.3 billion fraud involving Access Bank.

 

Gbolahan alongside, Adejare Adegbenro; Balmoral International Limited; M.O.B. Integrated Limited; and DDSS International Company Limited were billed for arraignment before Justice Ambrose Lewis-Allagoa of the Federal High Court in Lagos on February 27.

 

However, the police in a Notice of Withdrawal brought under Section 108(1) of the Administration of Criminal Justice Act, 2015, has informed the court of its desire to withdraw the charge against the defendants.

The document dated February 4, and signed by a Chief Superintendent of Police, J. I. Enang read in part: “Take notice that the prosecution hereby withdraws the above mentioned charge against the defendants herein.

 

 

However, no reason was given for the withdrawal of the charge.

 

In the suit marked: FHC/L/902c/2024, the defendants were accused of conspiracy, obtaining by false pretences, and involvement in a N1,356,057,330.43 fraud.

 

The Inspector General of Police, had through the Special Fraud Unit (PSFU) in Ikoyi, Lagos, accused all the defendants of conspiring between May and September 2013 to fraudulently obtain the sum of N1,356,057,330.43 from Access Bank Plc (formerly Diamond Bank).

 

 

They allegedly misrepresented themselves to the bank’s staff and officers, claiming that they were involved in the business of importing cars from Dubai for sale in Nigeria and that the money was needed to finance the importation of a set of brand-new cars for resale.

 

 

The defendants were also accused of converting, transferring, retaining, or taking possession of the funds, knowing or having reason to know that such funds were proceeds of unlawful activity.

 

Additionally, they were alleged to have unlawfully converted the sum of N1 billion belonging to the bank for personal use.

 

When the matter came up last month, the prosecutor, M.Y. Bello informed the court that the matter was scheduled for the arraignment of all defendants.

 

However, he requested a new date to allow all the defendants to appear in court and take their pleas.

 

 

Counsel for the 4th defendant, Joshua Abel, told the court that most of the defendants, who were directors were not in the country, adding that only the companies named in the charge had been served with the charge sheet.

 

He, however, assured the court that all defendants would be present at the next adjourned date to take their pleas.

 

In light of the submissions, Justice Lewis-Allagoa adjourned the matter to February 27 for the arraignment of all the defendants.

 

Meanwhile, there were indications that the hearing for the case to be struck out might hold tomorrow, Friday.

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