While many Nigerians have condemned the destruction of MTN properties and offices across the Nation in retaliating South Africa’s Xenophobic attacks, saying MTN is a Nigerian business, former minister, Fani Kayode has decided to educate them about who really has most share in MTN and listed out names of share holders and the percentage they hold. He started his message like this;
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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