Rumors of the death of Mike Adenuga, one of Africa’s wealthiest entrepreneurs and the chairman of Globacom, have been circulating widely on social media. However, insiders close to Adenuga have confirmed that the telecommunications magnate is alive and in good health, debunking the false claims. A senior executive at Globacom stated, “We spoke with him recently, and he is doing just fine.”
The baseless speculation highlights the fascination surrounding Adenuga, whose impact on Nigeria and Africa’s economic landscape is undeniable. Often referred to as the “Guru of Business,” Adenuga’s contributions transcend telecommunications. His company, Globacom, revolutionised Nigeria’s telecom industry by pioneering per-second billing, making mobile communication affordable for millions of Nigerians.
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Moreover, his investment in Glo 1, a privately-owned undersea cable linking Africa to Europe, has been pivotal in maintaining reliable connectivity across the continent during critical periods.
This has further revealed the influence Adenuga wields not only as a businessman but also as a symbol of hope. From his ventures in oil exploration with Consolidated Oil to his telecommunications innovations, Adenuga’s legacy is directly tied to national development.