Former minister of aviation, Femi Fani-Kayode, FFK, has released a list to prove that MTN is not a Nigerian business.

Femi Fani-Kayode released the list on Twitter in the heat of several strike against MTN installations in Nigeria.

He tweeted:

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

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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