The paramount ruler of Ijebuland,Oba Sikiru Kayode Adetona has sensationally revealed how former President Olusegun Obasanjo tried to rope in business mogul,Otunba Mike Adenuga in for corruption in 2006.

The case in question was the botched attempt to arrest Adenuga by security operatives that year.

The incident forced the multi-billionaire into exile.

The revered traditional ruler writing in ‘Awujale: The Autobiography of Alaiyeluwa Oba S.K Adetona, Ogbagba II’ recalled efforts made to stop Adenuga from alleged persecution by Obasanjo and the Economic and Financial Crimes Commission (EFCC) led at the time by Nuhu Ribadu.

His words: “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:

a. That Abubakar Atiku, the Vice-President, gave Mike Adenuga money from the Petroleum Technology Development Fund (PTDF) which were invested in Mike’s bank, Equatorial Trust Bank (ETB), and that the funds were used in paying for the Globacom licence.

b. That as a result of the connection in (a) Atiku was a major shareholder in Globacom. And Atiku used his clout to ensure that PTDF money got into ETB.

c. That General Ibrahim Babangida, the former Head of State, was also a major shareholder in Globacom.

“It was not enough for Mike to merely present his case to EFCC, for it seemed the EFCC was under some remote control. The Presidency was after Atiku. Atiku at some point was the Chairman of the PTDF; an attempt was being made to indict him for alleged illegal and unauthorized channelling of PTDF money into Globacom. All sorts of rumours were flying around and the Presidency wanted to pin down the case against Atiku. If Ibrahim Babangida also fell into the trap, so much the better.

“A wide opening presented itself and EFCC seized it.

“G. Subair is Mike’s second cousin. His father died young and he grew up, just as I did in my early life, living with Mike’s mother. He worked for Mike and was seconded, amongst other things, to open the Kaduna office for Globacom. In need of accommodation or office space, he leased, on behalf of Globacom, a house, at 2-3 Dawaki Road in Kaduna belonging to Mohammed Badamasi Babangida and used that address in official correspondence and memoranda. Mohammed is the first son of President Ibrahim Babangida. This was Babangida connection to which EFCC hung on when they were rummaging through Globacom documents. This was, according to them, irrefutable evidence that Babangida was a major shareholder in Globacom and that his son, Mohammed Babangida, or G.Subair or Mike was fronting for Babangida in this venture.

“Mike told me how he had raised money through the BNP Paribas Bank in France and how he paid to New York for the Globacom licensing fees. All the money involved could be traced with supporting documents to France and New York in the form of a huge loan. The Bank BNP Paribas on its part had a letter stating clearly their involvement in the transaction and Mike wanted to present this among other documents to President Obasanjo. I called Obasanjo and relayed the facts as I had them from Mike to him. I requested for his fax number so that I could fax Mike’s letter explaining all the transactions and the Bank of Paribas letter to him. As soon as he gave me the fax number, I faxed the documents to him. Still, Obasanjo was not satisfied. It seemed that it was all a ruse because they were really after Atiku and Babangida and wanted Mike to implicate them. Mike refused to cooperate. If he was not going to cooperate, they thought, harassment would do it. On 19 August 2006, I made a statement to the press asking Obasanjo to caution Nuhu Ribadu, the head of the EFCC, about his mode of operations. I denounced the harassment of citizens by EFCC and urged them to go to court if they had anything concrete against anyone.

“While Mike was in exile, we shared a moment of relaxation together. We took a holiday together in south of France with some members of our families. I had with me my wife Olori Kemi, my daughter, Ronke and Oba Adekoya, the Dagburewe of Idowa. Mike came along with his two daughters and his niece.

“While on this holiday, the President of France, Jacques Chirac, was going to be holding a conference with African Heads of State in Nice. Coincidentally, we got to know that Obasanjo was booked to stay in the same hotel where we were staying. Later, we learnt he had changed his mind and would not be attending the conference.

Then not long afterwards, we were told he had decided to attend after all. By the time he finally decided to attend, all the rooms in the hotel were fully booked and he was now booked into another, Embassy Hotel, which was a stone’s throw from when we were.

“I got to know that he would check in at 8.00am on the day of the conference. At 8.330am, I went to his hotel and took Mike along with me. From the reception, I spoke to him on the phone. “When he asked from where I was speaking, I told him I was downstairs in the lobby of his hotel! He said he would send someone down immediately to lead me up to his suite, and he did so. I left Mike behind in the hotel lobby.

“When I got to his suite, there were already a number of people in the corridor, in his living room and the dining room waiting to see him. His ADC took me straight to see him in his bedroom. I had hardly settled down when he started talking to me about his deputy, Abubakar Atiku. He was at daggers drawn with Atiku.