This follows allegations made against Conoil in March 2022 by a group of local oil contractors.
Mike Adenuga
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Despite recent wealth decline, Adenuga’s net worth is up $500 million YTD.
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Adenuga is the founder of leading telecom service provider Globacom.
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Nigerian billionaire Mike Adenuga’s firm ventures into cashew business, secures $65.3 million
Adenuga holds a 25.1-percent stake in Julius Berger through his company Goldstones Estates Limited.
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Conoil is a petroleum marketing firm.
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Disu is the daughter of Nigerian billionaire Mike Adenuga.
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Adenuga owns a 74.4-percent stake in Conoil.
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He remains Nigeria’s second-richest man.
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Adenuga holds a majority stake in the oil marketing business.
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Nigerian billionaire Mike Adenuga owns a Bombardier Global Express XRS and a Bombardier Challenger 604 aircraft.