Revealed: Why Top Executives Are Leaving Globacom | Bizness Watch

Revealed: Why Top Executives Are Leaving Globacom

These are certainly not best of times for Dr. Mike Adenuga owner of Globacom (Global Communications). It’s no news that the owner of African telecom giant worth a head-spinning $4.3 billion which makes him the 2nd richest man in Nigeria according to Forbes. The information at our disposal is not about his whooping riches but the crisis presently rocking his telecom company,Globacom.

Biznesswatch can authoritatively reveal that the  key staff of Glo have absconded from duty largely because of lack of corporate governance. Another reason cited for their exit is Adenuga’s overbearing attitude. Among top executives who abandoned duty are the Group Chief Operating Officer (COO), Mohammed Jameel and the Chief Technical Officer (CTO) Sanjib Roy both Indians.



Insider of the company divulged that the reason for such action includes Mike Adenuga’s ugly and very high-handed managerial style. Further digs revealed that the executives left unhindered without tendering their resignation letters. Those in the known claimed that Otunba Adenuga is so enraged with the disappearance of his two key Indian staff that he has sacked over twenty Nigerian staff for not informing him that the Indians were planning to leave before they fled.
While the CTO left about five months ago, the COO left the country about five weeks ago. Also, the Chief Information Officer (CIO), Mr. Cesar Camara, an African expatriate, has tendered his resignation letter.

Unlike the Indians, who left without notice, Camara gave the statutory notice. It is however feared that in line with Otunba Adenuga’s well-known practice, he might not be given his severance pay.
“In Adenuga’s companies, you either get sacked or you abscond. There is no room for niceties like resignation because if you do, you will definitely not get your severance pay. The usual practice is that as you get your salary, you take off without informing anybody”, a source who prefers anonymity revealed.

According to some staff of the company, “Globacom is a perfect example of a company without corporate governance. Decisions on the trivial issues are taken by Adenuga without consulting anybody. Even when he calls a meeting, it is to brief you on the decision he has taken. You cannot book an appointment to see him, no matter the title you bear. Adenuga, only sees you when he wants to”.

“The secret name for Otunba Adenuga, amongst his staff is Boko Haram because of the way he terrorises them. Things are so bad that when you are informed that he wants to see you, you quickly clear your table because you may not come back”, another source revealed.

His bad attitude towards his employees cuts across all cadre. He is said to have no respect for anybody. A good example is Mr. Ike Oraekwuotu, former Managing Director of Equitorial Trust Bank (ETB) who is now with Globacom.
Since, his posting to Globacom, Mr. Oraekwuotu is said to have been suspended more than four times over very flimsy issues. The poor gentle man is said to be stomaching the insults because his children are still in school and their school fees has to be paid.
Another key staff that Otunba Adenuga has dealt with badly is the 74 years old Executive Director, Human Resources, Mr. Adewale Sangowawa. In 2002, he was invited to join Globacom in its roll-out as the Second National Operator of telecom in Nigeria, and he remains an Executive Director at Globacom, where he spearheads the management of Human Capital. He has bagged many indefinite humiliation and suspension from his boss, Wale Adenuga. The recent of such was during the World Cup, Brazil 2014 when Mr. Sangowawa called in sick but was given indefinite suspension for coming to work later than resumption time. He was recently called back from that suspension after appeal on his behalf by some Ijebu chiefs.

Efforts to speak with Glo Director of Event/Sponsorship, Bode Opeseyitan, proved abortive as he ignored several calls made across. The likes of Arinze Anapugars, Charles Ikoabasi all of marketing communication department of Glo were reached but declined to speak on the issue.

… additional stories from SocietyReel

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