Globacom Limited is Africa's fastest growing telecommunications company. Owned by the Mike Adenuga Group, and is the market leading mobile service provider in Nigeria.
The business mogul, Mike Adenuga as been going through alot as key staffs of the company have absconded from duty largely because of lack of corporate governance.Findings revealed that the Group Chief Operating Officer (COO) of the company, Mohammed Jameel and the Chief Technical Officer (CTO) Sanjib Roy both Indians have absconded from the company because of what sources termed as Mike Adenuga’s ugly and very high-handed managerial style.
Source further revealed that in order to leave unhindered, the two most senior staffs of Globacom left the country without tendering their resignation letters.
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 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 said.
It was also gathered 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.
The Nigerians were initially placed on indefinite suspension. He called them back, only to fire them few days after with a promise to send more packing
According to a staff of the company, who spoke to us on the basis of anonymity, “Globacom is a perfect example of a company without corporate governance. Decisions on the minutest 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.