“ The EFCC in Lagos had come calling brusquely on Mike Adenuga (Jnr), Chairman Globacom on 9 July 2006. They broke his gate, swarmed into his house and kept him under ‘arrest’. When I heard about the arrest, I called the legal firms, of Ayanlaja SAN & Adesanya SAN as well as Professor Biodun Adesanya SAN to take up the matter and secure Mike’s release. They swung into action and gave indication that they would take the matter to court.
By evening, it was no longer necessary to go to court as Mike, following his statement to EFCC, had been released with instructions to report regularly to the EFCC headquarters in Abuja. Mike proceeded to Abuja, accompanied by his lawyer, Prof. Biodun Adesanya SAN. Indirectly related to this case, the EFCC had quizzed and released Mohammed Babangida, Ibrahim Babangida’s son. The EFCC purportedly were on the trail of some money belonging to the Petroleum Trust Development Fund (PTDF), but there was really more beneath the veneer.
While Mike was in Abuja, he was counselled to see Obasanjo to extricate himself. For four days, he made attempts to see Obasanjo but was unsuccessful. After a few days in Abuja with no case pressed against him by EFCC, he returned to Lagos. Not long afterwards, and in the heat of this mess, Obasanjo did two things that puzzled me. He called Mike to meet him at a social event in Lagos –Engr. Olapade’s birthday celebration. Mike and Obasanjo were both captured by press photographers in the newspapers at the event. Following the celebration, Obasanjo asked Mike to accompany him to Ota. It was in Ota that he solicited for the construction of the Administration Block of his university, Bells University in Ota. Mike agreed and Carchez Turnkey Projects Ltd handled the project for him. It appeared the whole matter, the EFCC hunt, simmered and Mike continued about his business. On a trip to Ghana, he ran through his Nigerian daily newspapers and discovered that the situation was unfolding in a more revealing version. The EFCC had arrested Mohammed Babangida. Mike read between the lines and proceeded to the UK on exile. When I visited the UK, Mike came to see me, and wanted me to facilitate a meeting with Obasanjo so that he could present his side of the case. The allegations against him were as follows: