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EXPOSED!!! The Many Maltreatments of Nigerians by Indians in Mike Adenuga-owned Globacom + How Glo is being Hijacked Gradually

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Often times we have tried to reveal the  slavery going on inside Mike Adenuga-owned Globacom; how Nigerians are subjected to in-human treatments in the hands of expatriates who are paid handsomely for ‘nothing’. These expatriates contribute less to the growth of the company, but end up sleeping away their hours in the office and living very large.

Despite these incessant complains, Globacom Chairman, Mike Adenuga has done noting to make the situation any better. However in this report obtained by PorscheClassy below, e-NIGERIA! discovered that a cabal inside Globacom may have snatched the company from it’s owner who is now incapacitated.

The cabal made of expatriates occupying managerial positions are said to be responsible for the in-human treatment meted out to junior staffers in the company who are mainly Nigerians. This report comes with documents and photographs as proof of the decay in Otunba Mike Adenuga’s Globacom Nigeria, it is messy, messy and messy…READ BELOW

Nigeria’s second largest Telecoms operator, Globacom, seems to have turned a potential keg of gunpowder waiting to explode, should this happen; the splinters might be hard to gather together again.

Feelers from Globacom says the Mike Adenuga’s company is filled with all sorts of unholy acts ranging from ethical absence in top management and godfatherism where merit has been sacrificed on the altar of mediocrity to inhuman treatment of Nigerian staff.

PorscheClassy News gathered that trouble started on the 16th of May 2015 when a memo signed by Femi Kolawole,the head of human resources stated that the Globacom review Board comprising amongst others of Adewale Sangowawa,Jumoke Aduwo, Femi Kolawole and others had constituted a committee to coordinate the annual staff appraisal exercise and make appropriate recommendations for promotions, salary/prequisites increment and other incentives as considered appropriate.

A second memo dated June 19th 2015 signed by Adewale Sangowawa, then Executive Director human resources stated that increment for Nigeria staff of Globacom will take effect on July 1st 2015. These correspondences as expected boosted the morale of the Globacom work force all over Nigeria, as they saw it as an indicator that their efforts were being recognized from the imposing Mike Adenuga Towers Victoria Island Lagos and threw them into jubilation.

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Tensions and expectations of the members of staff was high when by 30th of July 2015, nothing was heard from Globacom management and the rumblings heated up.

On the 31st of July, 2015, another shocker was received by the staff when an unsigned memo, without the usual Globacom letterhead was circulated instructing staff to contact a certain Jumoke Aduwo (080796590**) and Bunmi Akinyinka (080796590**) to confirm their new salaries.

The memo went thus ‘Further to earlier circular of all staff on above subject, we are pleased to announce that the board has approved promotions, salary increment together with a generous retention scheme for staff to take effect immediately’.

What raised eyebrows were the obvious facts that no Globacom staff was issued a promotion/salary increment letter, the contact persons listed in the memo were obviously staff of Globacom but their staff lines were not used and most obvious was the fact that the memo was not signed!

The mobile numbers attached to the memo were not Globacom staff numbers, documents at our disposal verified these claims.

This case is just the latest in a series of discontent and inequality in Globacom Nigeria, where some staff because of their closeness to the top of the food chain go home with a pay packet of 37 million Naira in addition to some other benefits while in the same company some staff have been on the same salary scale of 1.5 million Naira per annum for over 7 years.

A source revealed that most organizations in the telecoms and banking sectors in Nigeria use certain key performance indicators as a basis for staff remuneration and promotion, but alas in Globacom Nigeria ‘your rise in the organisation is based on who you know at the top, which is not healthy for the company, as a certain cabal within the company who have the ears of the chairman dispense favours to their loyalists.

The areas of staff appraisal by line managers has also generated a lot of controversy as some staff have repeatedly complained of being appraised by managers other than their line managers who do not know anything about them and their job functions, hence they fall prey in the hands of the power brokers within the organization in a constant power struggle.

Recently, a staff in the technical services circulated a memo to all staff voicing his grievances for being in the same salary scale for four years without any salary review and questioned why a company like Globacom lacks a KPI ( key performance indicator) scale, after which he tendered his resignation publicly. (Find attached his letter of Resignation)

mik

 

 

 

Another source disclosed that another disturbing trend in Globacom is the influx of Indian that are gradually taking the positions of Nigerians

According to our source, Some of these Indians, it was revealed, earn as much as over USD250, 000 (Two hundred and fifty thousand Dollars) to skype and sleep in the office for 365days as they’ve got little or nothing to offer compared to their Nigerian counterparts who work day and night making sure that the company’s profile never dwindles.

 

“The Indians have subjected Globacom Nigerian employees to various unethical abuse and degradation, rating them poorly, leading to termination and replacing them with their Indian friends and family members.

Companies seeking to employ expatriates in Nigeria have to seek for expatriate quota permit from the Ministry of Internal Affairs or Nigerian Investment Promotion Commission which is for two years duration and it is renewable after every two years.

But in the case of Globacom, it is obvious that the expatriates quota in Globacom has been exceeded, as the India’s seems to have taken over completely.

Findings have also shown a high staff turnover in Globacom Nigeria, which is also said to bewilder the Chairman. As most have laid the rot squarely on the doorsteps of the faceless and nameless cabal within the company.

As it stands now, only time and chance will tell who will have the courage to bell the cat in the Mike Adenuga Towers before all spirals out of control.

All efforts to reach Mr Charles Jenarius and Mrs Gladys Talabi the executive directors of communications and Legal respectively were rebuffed as they refused to either confirm or deny the story. Additional info from Tunde Disu, a labour activist from Sagamu.

 

Source : e-Nigeria!

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Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

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Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

NNPC Debunks Shutdown Rumors, Confirms Port Harcourt Refinery Fully Operational

 

The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports circulating in certain media outlets claiming that the Old Port Harcourt Refinery, which was re-streamed two months ago, has been shut down.

In a statement released by Olufemi O. Soneye, the Chief Corporate Communications Officer of NNPC Ltd, the company clarified that the refinery is fully operational. The statement noted that the facility’s operational status was recently verified by former Group Managing Directors of NNPC during a site inspection.

“Preparation for the day’s loading operation is currently ongoing,” the statement confirmed, emphasizing that allegations of the refinery’s shutdown are baseless and intended to create panic or artificial scarcity in the fuel market.

NNPC Ltd urged members of the public to disregard such misleading reports, labeling them as the work of those seeking to exploit Nigerians.

The Old Port Harcourt Refinery has been in operation since its re-streaming, and the company remains committed to ensuring stability in the supply of petroleum products across the country.

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Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

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Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

In a show of solidarity, the Committee of Banks in Nigeria has extended a helping hand to victims of the September 2024 floods in Jigawa State. On Thursday, a high-profile delegation led by Dr. Oliver Alawuba, Chairman of the Committee and Group Managing Director/Chief Executive Officer of United Bank for Africa Plc (UBA), visited Dutse, the state capital, to present relief materials to the state government.
The donated items, worth several million Naira, included essential food supplies such as rice and cooking oil, along with mattresses and beverages. Dr. Alawuba highlighted that the gesture aimed to alleviate the hardship faced by flood victims and support critical institutions, especially public hospitals, in their efforts to assist those affected.
“We stand in solidarity with the people and government of Jigawa State during this difficult time. This donation is our way of expressing empathy and supporting those who have lost loved ones, properties, and livelihoods,” Dr. Alawuba stated.
The delegation included notable banking leaders such as Mr. Roosevelt Ogbonna of Access Bank Plc, Dame (Dr.) Adaora Umeoji of Zenith Bank Plc, and Dr. (Mrs.) Nneka Onyeali-Ikpe of Fidelity Bank Plc, among others. Their collective presence underscored the banking sector’s commitment to corporate social responsibility and national development.
Governor Malam Umar A. Namadi expressed profound gratitude for the donation, describing the visit as a rare and commendable act of compassion. He assured the delegation that the relief materials would be judiciously distributed to the intended beneficiaries, emphasizing the importance of partnerships in rebuilding lives and communities.
The Committee of Banks also reiterated their commitment to supporting Nigerians during emergencies, drawing attention to previous interventions, including relief efforts during the 2011 and 2013 floods, the COVID-19 pandemic, and security initiatives like the Lagos State Security Trust Fund.
This humanitarian gesture reflects the collective resolve of Nigeria’s financial institutions to foster social and economic growth, making a meaningful impact in times of need.
Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

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Polaris Bank Clinches SERAS Award for Excellence in Sustainability and CSR

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Polaris Bank Clinches SERAS Award for Excellence in Sustainability and CSR

Polaris Bank Clinches SERAS Award for Excellence in Sustainability and CSR

Polaris Bank has once again cemented its position as a leader in corporate social responsibility (CSR) by winning the prestigious Sustainability, Enterprise, and Responsibility Awards (SERAS), Africa’s foremost recognition for impactful community and sustainability initiatives.

The bank was honored at the 18th edition of the SERAS Awards, held at the Oriental Hotel in Lagos, for its unwavering dedication to sustainable development and critical community interventions across Nigeria. The organizers commended Polaris Bank for its consistent efforts to improve lives and foster growth in underserved areas.

Polaris Bank Clinches SERAS Award for Excellence in Sustainability and CSR

 

The SERAS Awards, often regarded as the gold standard in sustainability and CSR, celebrate organizations that drive innovation and create lasting societal and environmental benefits. Polaris Bank stood out this year for its extensive portfolio of impactful projects, earning the “Best in Rural Population Integration” award.

Some of the bank’s notable initiatives include:

Sponsoring the planting of 2,000 economic trees in communities like Ajingi, Kano State.
Renovating the Ibeju-Lekki Skill Acquisition Centre and donating essential equipment.
Installing boreholes in underserved rural areas to provide clean water access.
Supporting over 15,000 indigent students in public schools with educational resources, including uniforms, sandals, and books.
Providing free breast cancer screenings to 20,000 women over a decade and supporting survivors through retreats.
Establishing hospitals and rehabilitation centers for victims of sexual violence and vocational centers for women.
Donating ICT labs to skill acquisition centers and promoting financial literacy among students.
Organizing medical outreach programs and aiding Internally Displaced Persons (IDPs).
These initiatives have not only improved living conditions but also reduced rural-to-urban migration by making communities more self-reliant and livable.

Rebuilding Community Resilience
Polaris Bank recently demonstrated its commitment to resilience by rebuilding its Sagamu branch, which was destroyed during the cash crunch riots following the Naira redesign policy. The bank fully reconstructed and re-equipped the branch, restoring critical banking services and supporting economic recovery in the community.

Commitment to Sustainability
Speaking on the award, Polaris Bank’s Managing Director, Kayode Lawal, emphasized the institution’s dedication to sustainability. “This recognition underscores our deliberate efforts to drive impactful socio-economic interventions and address the effects of climate change on our environment, economy, and people,” he said.

Lawal reiterated that for Polaris Bank, sustainability is not just a destination but a continuous journey of creating positive change.

Celebrating Africa’s Sustainability Leaders
The SERAS Awards brought together policymakers, business leaders, and global sustainability experts to celebrate organizations shaping Africa’s future through innovative solutions. Attendees used the event to connect with like-minded professionals and reaffirm a shared vision of lasting positive change across the continent.

As a trailblazer in sustainability and CSR, Polaris Bank remains steadfast in its mission to uplift communities, foster economic growth, and champion solutions to pressing societal challenges.

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