Business Administration In 1990 he received a drilling license and in 1991, his Consolidated Oil struck oil in the shallow waters of Southwestern Ondo State, the first indigenous oil company to do so in commercial quantity.
He was issued a conditional GSM licence in 1999, after that was later revoked he received a second one when the government held another auction in 2003. His telecom company Globacom spread quickly and started challenging the giant MTN Group. It launched services in the Republic of Benin in 2008, and has continued its spread across Ghana and Cote d’Ivoire, with more licences currently being prospected in other West African countries. He was named African Entrepreneur of The Year at the maiden African Telecoms Awards (ATA) on August 15, 2007. In 2009, Mr. Adenuga was detained for money laundering by the Economic and Financial Crimes Commission, he left the country and lived in London until the Umaru Musa Yar'Adua regime granted him a pardon. In 2012 he was made Grand Commander of the Order of Niger (Nigeria). Forbes has estimated his net worth at $4.3 billion as of March 2013 which makes him second wealthiest Nigerian behind Aliko Dangote.Ask most youths in the country they will be proud to let you know that Mike Adenuga is their role-model,you know there are some people that when you look at their lives,they just motivate you to want to do more....Such is Mike Adenuga