‘70% Of MTN Nigeria Is Owned By South Africans’ – Femi Fani-Kayode...

‘70% Of MTN Nigeria Is Owned By South Africans’ – Femi Fani-Kayode Lays Out The Facts (DETAILS)

By Ekemini Ekwere | News Reporter on September 7, 2019
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Tobechukwu Okigbo, MTN
A shopper walks past an MTN shop at a mall in Johannesburg, South Africa, March 2, 2017. | REUTERS/Siphiwe Sibeko

Femi Fani-Kayode, a former minister of aviation, has shared a list of the majority shaeholders of MTN Nigeria proving that it is not a Nigerian business but South African owned.

In a set of tweets, Chief Fani-Kayode revealed that MTN International, a South African firm owned 70% of MTN Nigeria.

For those who say MTN is a Nigerian business KNOW THIS:

MTN International holds approximately 70% of the shares.

The largest shareholders of MTN Nigeria and their stakes:

1. MTN International (Mauritius) Limited

Stake: 76.08%.
Worth: N1.68 trillion. (1/2)

2. Stanbic IBTC Assent Management Limited.

Stake: 9.64%
Worth: N213.7 billion

3. Victor Odili

Stake: 3.96%
Worth: N87.87 billion

4. Mobile Telephone network

Stake: 2.75%
Worth: N60.95 billion

5. Government Employees Pension Fund

Stake: 1.75%
Worth: N38.68 billion (2/3)

6. Pascal Dozie

Stake: 1.67%
Worth: N37.07 billion

7. Sani Mohammed Bello

Stake: 1.3%
Worth: N28.87 billion

8. Babatunde Folwawiyo

Stake: 1.07%
Worth: N23.83 billion

9. Gbenga Oyebode

Stake: 0.89%
Worth: N19.80 billion (3/4)

10. Mallam Ahmed Dasuki

Stake: 0.75%
Worth: N19.35 billion

11. Kari Olutokun Toriola

Stake: 0.005%
Worth: N100.10 million.

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