Mike Adenuga Mike Adenuga Michael Adeniyi Agbolade Ishola Adenuga Jr, GCON (born 29 April 1953) is a Nigerian billionaire businessman, and the second-richest person in Nigeria. His company Globacom is Nigeria's second-largest telecom operator, and has a presence in Ghana and Benin. He owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil (formerly "Consolidated Oil Company"). "Forbes" has estimated his net worth at $5.8 billion as of 2017, which makes him the second-wealthiest Nigerian behind Aliko Dangote, with a net worth of $14.1 billion. His father, the Oloye Michael Agbolade Adenuga Sr, was a school teacher while his
Tiger Brands of Africa. In the process the company bought a controlling stake in a number of food processing businesses in Nigeria, Kenya, Ethiopia, and Cameroon. This included a R1.5 billion purchase of 65.7% in Dangote Flour Mills in October 2012, Nigeria's second largest milling operation. This and other investments in Africa proved to be costly and unproductive. Over capacity in the Nigerian market led to an operating loss of R2.7 billion by the time Tiger sold back the operation to Dangote for a token one US dollar three years later in 2015. Management issues in Tiger's Kenya operations and the collapse