Glo 1 provides bandwidth to all telecoms operators, carriers and corporations, connecting them to all the major destinations in the world. [8] He graduated from Northwestern Oklahoma State University and Pace University, New York, with degrees in Business Administration. A month later, after paying a $20 million mandatory deposit, Mike Adenuga was awarded a provisional license and was given a 14-day deadline to raise the balance of the $265 million. Adenuga made his first million in 1979, at age 26, selling lace and distributing soft drinks. He was also involved in deals at a sawmill that belonged to his mother. Professional Business Plans For Your Success, View startuptipsdaily’s profile on Facebook, View startuptipdaily’s profile on Twitter, View startuptipsdaily’s profile on Instagram, View 112684232616485826000’s profile on Google+, How A Former Nigerian Taxi Driver Made Over $9 Billion Dollars, Still Looking For Funds?

Bellbop, another company owned by Adenuga, had an interim injunction placed on it by the High Court in Lagos, after it too failed to pay the $9.4 million owed to the US oil and gas firm Baker Hughes. One of the other programmes offered by the Mike Adenuga Foundation is the Mike Adenuga Fellowship programme. We work diligently to ensure that our numbers are the most accurate celebrity net worth data you will find anywhere on the internet. You Now Have The Best Chance Of Getting The Finance You Need With Our Bank And Investor Ready MBA Standard Business Plans & Feasibility Study Reports, How A Former Nigerian Teacher Built A Billion Dollar Business, How This Nigerian Tech Entrepreneur Built A Multi-Million Naira Web Development Company With Less Than One Million Naira, How This Former Nigerian White-Collar Employee Built A Multi-Million Dollar Law Firm, How This Nigerian Lawyer Built A Multi-Million Dollar Beauty Business, How This Nigerian Female Architect Built A Multi-Million Dollar Business, How a Zimbabwean Electrical Engineer Made Over $1 Billion Dollars, How A Nigerian Economist Built A Multi-Billion Dollar Business, How A Former South African Lawyer Built A Billion Dollar Supermarket Chain, How The Son Of A Tanzanian Millionaire Turned $26 Million Into Over A Billion Dollars, 12 Things You Must Never Say To Any Local Or International Client, 5 Lucrative Fast-Moving Consumer Goods You Should Invest In Today, How The Owner Of A Barbing Salon Built A Multi-Billion Dollar Bank In Nigeria, How To Start A Lucrative Saffron Farming Business in Nigeria: The Complete Guide, What Incoterms Rules Are And How They Can Help Your Import/Export Business Succeed: The Complete Guide, How To Start A Lucrative Fruit Salad Production Business In Nigeria: The Complete Guide, How To Write A Business Plan: The Complete Guide, How This Nigerian Entrepreneur Built A Billion Dollar Fortune Starting With Medicine & Cocoa Trading, 20+ High Paying Affiliate Programs That Will Make You Money, How To Start A Profitable Affiliate Marketing Site That Makes At Least $500 A Month, How To Start A Cassava Farm In Nigeria: A Comprehensive Business Plan, How To Start A Lucrative Plastic Recycling Company In Nigeria (Comprehensive Guide + E-Book), How To Start A Blog — The Complete Beginner Guide, How To Start A Profitable Fish Farming Business In Nigeria. His father was a teacher at a school while his mother, Juliana Oyindamola Adenuga, was a businesswoman from a royal Ijebu descent. With the public chastising of Conoil Plc last Wednesday by members of the Senate Committee on Public Account, an uncanny connect was established between the arrest and brief detention of Dr. Mike Adenuga by the Economic and Financial Crimes Commission in November 2006 and the culpability of his oil company, Conoil Plc in withholding statutory remittance of bridging fund to the Petroleum Equalisation Fund … Babangida, the then military president was a friend, when a new policy allowing individuals to engage in the business of oil exploration was implemented, he was one of the first to know and quickly took advantage of the great opportunity.

See Also: How This Nigerian Female Architect Built A Multi-Million Dollar Business. Success Story Of Prince Arthur EzeTweetEmail TweetEmailThere are globally accepted principles of wealth creation irrespective of geographic location, background and other factors, principles such as; personal motivation, a drive to create value, integrity, courage,... How a Zimbabwean Electrical Engineer Made Over $1 Billion DollarsTweetEmail TweetEmailAttaining success in anything, while admirable, is not only just a product of hard work, but largely to a great, consistency. While a desire is the first step, a greater... How The Son Of A Tanzanian Millionaire Turned $26 Million Into Over A Billion DollarsTweetEmail TweetEmailFinding what makes your soul sing, honing your skills in it, and applying it to an industry with a very high economic value is key to grand success... Mike Adenuga is very hardworking man who never lets any opportunity pass him by, Your email address will not be published. He is regarded as one of the richest black people in the world.

For some reasons, Mike Adenuga failed to meet his obligations and consequently lost his $20 million deposit in the ill-fated transaction. Small business ideas, business plans, & tips for African entrepreneurs to start, run, & grow successful businesses.

That makes him the second richest black person on the planet behind Nigerian oil magnate Aliko Dangote. 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. Forbes has estimated his net worth at $5.7 billion as of July 2020. At the time Mike Adenuga acquired the shares, NOLCHEM was a shadow of itself. His mobile phone network, Globacom, is the third-largest operator in Nigeria, with over 43 million subscribers. The 31-year-old added $11.2bn to his fortune and moved up to No.

In April 2011 when Shell’s Nigerian operations were divesting their upstream assets in the country, Mike Adenuga acquired the oil major’s most prolific onshore oil block, OML 30 at a cost of $650 million, African Entrepreneur of The Year at ATA (2007), Grand commander of the order of Niger (GCON) 2012, Companion of the Star of Ghana (CSG) 2018, 100 distinguished and Eminent Nigerians Centenary Awards (2018). His company Globacom is Nigeria's second-largest telecom operator, which has a presence in Ghana and Benin. The foundation awards undergraduate scholarships, postgraduate and research fellowships to academically gifted Africans who desire to contribute to the development of the continent and who have the potential to become innovators and development drivers in their chosen fields. See Also: How This Nigerian Lawyer Built A Multi-Million Dollar Beauty Business. Mike, who reached his peak during the military regime of former President Ibrahim Babangida, made his first fortune at a very young age of 26 as a distributor of lace and other materials.

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