Updates from Professionals

  • Litcaf - Remilekun Falade

    Remilekun Falade 4 weeks ago

    Hello everyone. We are on to LitCaf. The very big one.

  • Litcaf - Adedamola Abraham

    Adedamola Abraham 1 month ago

    Kids should not be encouraged to dump the sciences for anything. That is not hoe to grow an economy.

  • Litcaf - Temitope Jeremiah

    Temitope Jeremiah 1 month ago

    What caption for this? Surely a great shot.

  • Litcaf - Temitope Jeremiah

    Temitope Jeremiah 2 months ago

    This is how we do it. Happiness at work..Come try LitCaf

  • Litcaf - Temitope Jeremiah

    Temitope Jeremiah 3 months ago

    What we do at #LitCaf #Coworking

  • Litcaf - Temitope Jeremiah

    Temitope Jeremiah 4 months ago

    Not all about tech. Our use base is diverse array of gentle men and ladies. #LitCaf is where you want to be. #Coworking #Yaba #Lagos

  • Litcaf - Tope

    Tope 4 months ago

    Lets do this together, Otondo friends.

  • Litcaf - Temitope Jeremiah

    Temitope Jeremiah 4 months ago

    Dictionary definition of freelancer. How well do you agree with that?

  • Litcaf - Lovey Dovey

    Lovey Dovey 4 months ago

    Hello Everyone. Happy to be here on LitCaf

  • Litcaf - Apoola

    Apoola 4 months ago

    Idealized Biafra. Nothing shameful about that.

  • Litcaf - Temitope Jeremiah

    Temitope Jeremiah 4 months ago

    Good morning everyone. Wake up with a newer determination to achieve your objective.

  • Litcaf - Tope Apoola

    Tope Apoola 4 months ago

    Still testing. One long test.

  • Litcaf - Apoola

    Apoola 4 months ago

    We got books to lend.

  • Litcaf -

    5 months ago

    Memory lane...Ken Saro Wiwa

  • Litcaf - Temitope Jeremiah

    Temitope Jeremiah 5 months ago

    One innovation of ours.

  • Litcaf - Temitope Jeremiah

    Temitope Jeremiah 5 months ago

    May7ven was born in May 7. I thought that was obvious. However, that isn\'t what we are talking about now. Do you know that this website actually does not allow copy and paste because of its care about aesthetics?

  • Litcaf - Tope Apoola

    Tope Apoola 6 months ago

    Me..Me..Me

  • Litcaf - MI Apoola

    MI Apoola 6 months ago

    We research and present needed data to help with forecast, survey, and decision making. SND MiniMax Consultancy.

  • Litcaf - MI Apoola

    MI Apoola 6 months ago

    Hello everyone. I like to introduce SND MiniMax Consultancy. We are involved in data collection and human capacity building.

  • Litcaf -

    6 months ago

    Hello, LitCaf. Seems very exciting, what\'s coming down here. Meanwhile, making a shout-out to best gal, May7.

Adenuga Mike

Mike Adenuga
Source: Logbaby. Audio after 2nd paragraph is a glo network jingle with Adenuga’s voiceover

Michael Adenuga is the Oil magnate owner of Nigeria’s second largest telecommunication company, Globacom. Adenuga was born 1953 in Ibadan to schoolteacher father from Ijebu Igbo, after whom he was named, and businesswoman mother who gave him the seed capital for his venture which made him at the age of 26, a millionaire. He was educated at the Ibadan Grammar School before proceeding to the North-Western University in Oklahoma and Pace University, New York, where he studied business administration. On a trip to New York, an Austrian businessman, owner of one of the biggest lace manufacturing factories in Austria had talked him into business. When he returned, he took over the management of the family’s small sawmill, progressively delving into diverse, sometimes unrelated businesses.

During military president Babangida’s regime, a policy to encourage private participation in oil exploration and exploitation was introduced, hence making possible the licensing of individuals. Adenuga was one of the first beneficiaries of the Petroleum Act. While many, daunted by the risk, sold their licenses to expatriates, Adenuga set to work, sinking over $100 million into his own oil prospecting and drilling company. In the shallow (offshore) waters of Ondo State, his company, Consolidated Oil, became the first indigenous company to strike crude in December 1991. Under the General Sani Abacha regime, his Communication Investment Limited (CIL) was given a conditional licence and frequencies to operate the Global System of Mobile Communications (GSM). After facing stiff opposition and losing money in the struggle, Adenuga emerged with Globacom Limited, when in 2002, the government organised new auction for licence.

 

 

Mike Adenuga was arrested in July 2006 by operatives of the Economic & Financial Crimes Commission (EFCC), also the Federal Inland Revenue Service (FIRS) once sealed up his oil companies for allegedly evading taxes. Through his company, he is involved in sponsoring of Nigerian sports, as he is, as individual, involved in philanthropy. The bull symbol commonly found in his properties apparently had to do with the title he was given at birth because of his size, “John Bull”.