In 2009, Adenuga, an avowed soccer fan, cemented a strategic partnership between his telecoms outfit, Globacom and Manchester United.

FORBES: Manchester United Honors Nigerian Billionaire Mike Adenuga

Among other things, Globacom sponsors young, talented and upcoming African footballers to the prestigious Manchester United Soccer Schools to hone their skills.

FORBES: Manchester United Honors Nigerian Billionaire Mike Adenuga

Ogunjobi said the NFA and Globacom will sign the contract next week, when earnings that will accrue to the clubs from the sponsorship package would be announced.

BBC: Nigerian league gets cash boost

He launched the Globacom mobile phone network in 2006.

FORBES: Mike Adenuga

Among his other assets: mobile telecom firms Globacom Holding and Globacom West Africa, two distinct companies with a combined subscriber base in excess of 30 million people and operations in Nigeria, Ghana, and Benin.

FORBES: Nigerian Billionaire Mike Adenuga Might Be Africa's Richest Man

Do you know how much Globacom is worth?

FORBES: This post was written by Mfonobong Nsehe

Adewale Sangowawa, an Executive Director of Globacom who accepted the award on behalf of Adenuga, assured Manchester United as well as other dignitaries present at the occasion that the telecoms and energy tycoon would continually support African soccer.

FORBES: Manchester United Honors Nigerian Billionaire Mike Adenuga