Education
Michael Adeniyi Isola Adenuga had his secondary school education at the Ibadan Grammar School, Ibadan, Oyo State.
Northwestern State University, Oklahoma; Pace University, New York.
Chief Executive Officer and principal owner of Globacom, Nigeria’s second biggest telecommunications company, Conoil Plc, one of Nigeria's biggest oil companies, and Equitorial Trust Bank conoil plc one of nigeria's biggest oil companies and Equitorial Trust Bank nigeria's second biggest telecommunications company
Michael Adeniyi Isola Adenuga had his secondary school education at the Ibadan Grammar School, Ibadan, Oyo State.
Northwestern State University, Oklahoma; Pace University, New York.
At age 26, Adenuga had already become a millionaire with connections in high places. With his unique flair for risks and sheer tenacity of purpose, in no time he started reaping profits in billions. He owns Equitorial Trust Bank and Consolidated Oil, which carries out crude oil drilling, refining and marketing.
His first shot into the consciousness of Nigerians was when his company, Consolidated Oil became the first indigenous company to strike crude in December1991. He recently made foray into the telecommunications sector. With his Communications Investment Limited, CIL, he was issued a conditional licence in 1999 and frequencies to operate the Global System of Mobile Communications (GSM). The licence was later revoked. Again, when in 2002, the government through the Nigerian Communications Commission (NCC), organised new auction for the GSM licence, the CIL participated and was one of the four that won the bid. He paid the $20 million mandatory deposit.
Reclusive tycoon Mike Adenuga has built a fortune in mobile telecom and oil production. He launched the Globacom mobile phone network in 2006. It has some 30 million customers in Nigeria, also operates in the Republic of Benin and recently acquired licenses to start business in Ghana and Ivory Coast. Nigeria's second richest man made a $450 million bid to purchase NITEL, the defunct government-owned telecom company, in July 2011; the purchase has not been completed. His Conoil Producing, which was founded as Shell Company of Nigeria in 1927 and privatized in 2000, is one of Nigeria's largest independent oil companies, with a production capacity of 100,000 barrels per day. His net worth has increased by $300 million over the past year on the strength of oil production. Adenuga made his first fortune at age 26 in the 1970s by distributing lace and other materials, but he hit it big when the military regime of former President Ibrahim Babangida gave him a contract to build Army barracks. His son, Paddy, and daughter, Bella, serve as executive directors of Globacom Nigeria. Adenuga is widely believed to be a proxy investor for former President Babangida.
Adenuga's estate business and company shares traverse several countries in Western Europe, North America and the Middle-E.
Already in her early 50s, she still look cool and beautiful. She is believed the mother of Otunba Mike Adenuga’s first six children
She bore a child.
Group Executive Director at GlobacomAt Globacom
Group Chief Operating Officer
Group Executive Director
