Billionaire Mike Adenuga, who was ranked by Forbes to be the second richest Nigerian in 2016, is in the eye of the storm again over unpaid entitlements to workers. But now, they are speaking out, Simon Ateba News is reporting.
According to source, his company Globacom is Nigeria’s second-largest telecom operator, and also has a presence in Ghana and Benin. He also owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil (formerly Consolidated Oil Company).
Forbes has estimated his net worth at $10 billion as of 2016, which makes him second wealthiest Nigerian behind Aliko Dangote, as well as the second richest person in Africa.
But like most Nigerian businessmen, who are in the habit of short changing their employees especially at the point of disengagement from the company, about 80 ex-staff who have voluntarily resigned their appointments with his companies since 2013, say Mr. Adenuga cumulatively owes them over N300 million.
The ex-employees told THE SIMON ATEBA NEWS that they put in between five to 15 years of service to his company Conoil Plc (Formerly National Oil), but when it came to paying them, they were left in the cold to suffer. The company has not replied our mails and these accusations are treated as allegations for now.
Recently one of the former staff who resigned as Acting Managing Director dragged Mike Adenuga to the senate for the payment of his entitlement; Adenuga declined the invitation by sending one of his staff to the hallowed chambers.
The senate however turned him back and insisted on seeing Adenuga in person with the cheque of the complainants’ entitlement. Adenuga has neither appeared before the senate nor paid the complainant.
“We urge the relevant authorities to compel Mike Adenuga to pay these monies to all concerned with immediate effect,” the ex-employees said in a statement.
Forbes has estimated his net worth at $10 billion as of 2016, which makes him second wealthiest Nigerian behind Aliko Dangote, as well as the second richest person in Africa.
But like most Nigerian businessmen, who are in the habit of short changing their employees especially at the point of disengagement from the company, about 80 ex-staff who have voluntarily resigned their appointments with his companies since 2013, say Mr. Adenuga cumulatively owes them over N300 million.
The ex-employees told THE SIMON ATEBA NEWS that they put in between five to 15 years of service to his company Conoil Plc (Formerly National Oil), but when it came to paying them, they were left in the cold to suffer. The company has not replied our mails and these accusations are treated as allegations for now.
Recently one of the former staff who resigned as Acting Managing Director dragged Mike Adenuga to the senate for the payment of his entitlement; Adenuga declined the invitation by sending one of his staff to the hallowed chambers.
The senate however turned him back and insisted on seeing Adenuga in person with the cheque of the complainants’ entitlement. Adenuga has neither appeared before the senate nor paid the complainant.
“We urge the relevant authorities to compel Mike Adenuga to pay these monies to all concerned with immediate effect,” the ex-employees said in a statement.
Source: THE SIMON ATEBA NEWS
Second Richest Nigerian, Mike Adenuga, Owes Ex-Staff Over N300 Million
![Second Richest Nigerian, Mike Adenuga, Owes Ex-Staff Over N300 Million]()
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