Real owners of MTN Nigeria revealed

Former Avation Minister, Femi Fani-Kayode has revealed the real owners of MTN Nigeria.
In the wake of xenophobic attacks against Nigerians in South Africa, Nigerians have been made to believe that MTN Nigeria is a Nigerian company employing mainly Nigerians into it’s workforce.

But the revelation by Fani-Kayode goes contrary to earlier reports that MTN Nigeria is owned by Nigerians as a subsidiary of MTN International, a South African company.

According to Femi Fani-Kayode,MTN International owns 70% of MTN Nigeria shares.

Here is a full list of the largest share owners of MTN Nigeria.

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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