Mike Adenuga

Born on April 29, 1953, Mike Adenuga grew up with a business woman and teacher as his parents. He studied at the Ibadan Grammar School before he graduated from Northwestern Oklahoma University. Following his undergraduate degree, he studied business administration at Pace University. With his experience in business administration, Adenuga decided to return to Nigeria and receive his drilling license in 1990.

Read also : The Richest People In Nigeria, Top 20 Richest People In Africa

mike adenuga

Only one year later, he struck oil and formed the first local oil business that was able to produce in commercial amounts. In addition to his work in the oil industry, Adenuga owns a telecommunications company called Globacom. Through this company, he has worked to to take on the megalithic MTN Group. By 2008, Globacom started servicing people in Benin. Since that time, it has launched services in several other West African nations. 

mike adenuga richest people in nigeria

Due to his business enterprises, Mike Adenuga was awarded the title of African Entrepreneur Award of the Year in 2007. Unfortunately, he was stopped on money laundering charges only two years later. Following this controversy, Adenuga decided to move to London. He was finally pardoned and still retains more than 24 million mobile phone customers in Nigeria. His oil exploration business regularly produces up to 100,000 barrels a day. The Nigerian business tycoon has a net worth of $4.7 Billion.

Press Like If You Learnt Something New : )

New! Comments

Have your say about what you just read! Leave me a comment in the box below.

"If I have seen further than others, it is by standing upon the shoulders of giants." Isaac Newton

The material in this site is purely for educational purposes only. In creating this side we have sourced info from many sites and would like to give credit to where it is due.We do not intend to infringe any website's copyrighted material and we use the information for educational purposes and use information that are public in nature and hopefully protected by freedom of information laws. Also, when I created this website years ago, I took many pictures from the internet that may infringe your copyright. I will be slowly taking all these down and if the picture that belongs to you or your company is still there, please drop me an email and I will remove the pictures. If you found that any article in this website infringe your rights please let us know and we will take it down. Thanks.


References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)