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Forbes Values Mike Adenuga’s Fortune At $7.4 Billion, Reclaims Second Richest Nigerian Status

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Globacom Chairman, Dr. Mike Adenuga Jr., has ascended to the position of Nigeria’s second-richest individual, boasting a net worth of $7.4 billion, as reported by Forbes in its latest valuation.

Earlier in June 2023, Adenuga’s net worth had experienced a decline to $3.6 billion. 

This significant increase in wealth is attributed to Forbes’ recent reassessment of the valuation of his telecom giant, Globacom, which he founded and is currently the second-largest telecom service provider in Nigeria.

Adenuga’s net worth had faced a downturn, falling from $6.3 billion in January last year to $3.6 billion in June 2023.

Factors influencing this decline included the unification of the naira in June and the performance downturn of his stake in Conoil.

Despite these fluctuations, Adenuga has consistently engaged in philanthropy. 

The Mike Adenuga Foundation, for instance, allocates nearly $20.5 million in scholarships and aid to support students annually. The foundation supports female students

In 2011, Adenuga donated N500 million to aid flood victims in Bayelsa State, demonstrating his commitment to societal well-being.

 Additionally, during the global COVID-19 pandemic, he contributed a substantial N1.5 billion towards efforts to combat the virus.

Beyond health and education, Adenuga’s generosity extends to sports, as seen in his $250,000 donation to Nigeria’s football team, the Super Eagles, showcasing a multifaceted commitment to making a positive impact in various spheres of society.

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Society

Man Found Dead in Ogun Hotel

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32 year old Lanre Ogungbe has been found dead in a hotel at Soyoye axis of Abeokuta, the Ogun state capital.
He was found lying helpless with empty bottles of alcohol and insecticide in a room, in the hotel on Thursday.
The receptionists at the hotel named Authentic hotel said after noticing that the deceased, who booked for a short time, failed to check out, raised concern.
They later found him lying helplessly on the bed, with empty bottles of alcohol and insecticide besides him.
Spokesperson of the state police command, Omolola Odutola said the manager of the hotel reported the incident to the Lafenwa police station, which deployed detectives to the hotel.
She said the detectives did not find any form of violence on the body, which had been deposited at the morgue of the state hospital, Ijaye, Abeokuta, for post mortem examination.
Odutola also said a thorough investigation of the incident was underway.

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Why I prefer traditional worship to Christianity, Islam — Wole Soyinka

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Nobel Laureate, Prof. Wole Soyinka, has disclosed why he prefers traditional Orisa worshipping to Christianity and Islam.

He said the deepness of faith in Islam and Christianity doesn’t match that of Orisa worshipping for him, adding that Orisa fascinated him a lot more.

According to him, Orisa worshipping is one of the African religions that eschews violence and is more creative.

“I was fortunate to be born in two worlds – the Christian world and traditional Orisa worshippers. My grandfather, until he – poor man – also got converted – he was an Orisa person and a chief, and his (grandfather’s) side (of Orisa) fascinated me a lot more,” the playwright told CNN’s Larry Madowo, during an interview.

He added, “For me, it (Orisa worshipping) was more artistic, creative, and also more mysterious. I don’t find much of the mysterious in Christianity and even less in Islam and that is for a simple reason that I didn’t grow up in a Muslim environment.

“Orisa is open, and very ecumenical and that is why these foreign religions were able to penetrate it and even distort the truth. Because of the generosity of this spirit (Orisa), it is not violent. It is one of those African religions which eschew violence.

“I don’t believe in the Islamic or Christian God and for the adherents of these religions if that makes me an atheist, so I say, I am an atheist. I insisted that all human beings have a certain spiritual core in their being, I believe myself to be a more spirit-sensitive person.”

The literary icon also revealed that he said he doesn’t like to watch anything adapted from his life or works.

“Let me put it this way, turning anything in my life into what other people can watch pains me. It makes me extremely uncomfortable. It’s wrong to say it’s terrific, let me just say I’m detached from it.

“It takes me a while to bring myself to watch me.”

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Abiodun Felicitates With JAMB Registrar, Oloyede at 70

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Governor Dapo Abiodun of Ogun state has congratulated the registrar of the Joint Admission Matriculation Board (JAMB), Professor Ishaq Oloyede, on his seventieth birthday.
He described him as a remarkable scholar and distinguished administrator, who had redefined public administration space in Nigeria.
The governor, in a statement by his chief press secretary, Lekan Adeniran commended Professor Oloyede for his immense contribution to the transformation of jamb through transparency and professionalism.
Abiodun also celebrated Oloyede for his exemplary blend of scholarship and religious values.
According to the governor, the dedication of Oloyede also brought integrity and efficiency to jamb.

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