Last week, MTN Group Limited, Africa’s largest mobile phone company, listed its Nigerian unit on the Nigerian Stock Exchange.

MTN Nigeria is the market leader in the mobile telecom space in Africa’s most populous country, with more than 67 million customers at the end of last year, according to the Nigerian Communications Commission.

With a market capitalization north of $6 billion, MTN Nigeria becomes the second largest company on the Nigerian bourse after Dangote Cement which has a current value of more than $8.3 billion.

MTN chose a listing without an IPO, simply opting to list its existing shareholders’ equity. Its current stock price is N108 per share. The paperwork it filed for its public listing also reveals who the biggest individual shareholders are.

Even though most of them on this list have used their MTN shares as collateral for humongous loans according to a highly placed Nigerian banking executive who confided in this reporter, these are the 6 richest shareholders of MTN Nigeria.

Source: Mfonobong Nsehe

https://www.forbes.com/sites/mfonobongnsehe/2019/05/19/meet-the-6-largest-individual-shareholders-in-mobile-telecom-giant-mtn-nigeria/amp/

A promising investment

Victor Odili

Value of Shares: $244 million


Victor Odili is MTN Nigeria’s largest individual shareholder with 806,886,900 shares currently valued at N87.7 billion ($244 million). The Nigerian businessman is the chairman and executive director of Aeromaritime Group, a parent company to over 8 member-companies operating in different sectors across Nigeria including shipping, stevedoring and oil and gas.

Pascal Dozie

Value of Shares: $102 million

Pascal Dozie is the founder of Diamond Bank, a commercial bank which recently merged with Access Bank to create one of Nigeria’s largest financial institutions. His Family Office, Kunoch Limited has investments in hotels, financial services and energy in Nigeria. Dozie owns 340,409,900 shares or 1.67% of MTN Nigeria, a stake currently valued at N37.07 billion ($102 million).


Lalasticlala

Sani Mohammed Bello

Value of Shares: $80.1 million

Sani Bello is the founder of Amni International Petroleum Development Co., a Nigerian oil exploration company. He owns 265,092,150 shares or 1.3% of MTN Nigeria, a stake currently valued at N28.87 billion ($80.1 million).

Babatunde Folawiyo

Value of Shares: $66.1 million

Tunde Folawiyo is the managing director of the Yinka Folawiyo Group, a conglomerate with interests in energy, agriculture, shipping, real estate and engineering. He owns 218,815,100 shares or 1.07% of MTN Nigeria, a shareholding that is worth N23.83 billion ($66.1 million).

Gbenga Oyebode

Value of Shares: $55 million

One of Nigeria’s most renowned commercial lawyers, Gbenga Oyebode is a founder and Managing Partner of Aluko & Oyebode- a successful corporate and commercial law firm in Nigeria. He owns 181,776,250 shares or 0.89% of MTN Nigeria, a stake that’s currently worth N19.8 billion ($55 million).

Ahmed Dasuki

Value of Shares: $53.75 million

He is the founder of Quaditect Consultants. He is also the Chairman of Drill Masters Africa, the largest indigenous exploration drilling company in Ghana, the Chairman and Chief Executive Officer of XEX Limited Nigeria and the Chairman of Interglobal Limited, a leading IT company in Nigeria. He owns 152,717,850 shares or 0.75%, currently worth N19.35 billion ($53.75 million).

Mehn, some people are so freaking rich that the only problem they might be facing is how to spend their money! These figures am ehn you can’t finish it in a life time! Aje

Na dem!!

Na so

Elpresidente MrPresident1

Value of Shares: $1 billion

One of Nigeria’s most renowned end time preachers, Elpresidente MrPresident1 is a prolific preacher on Nairaland, a successful corporate preacher in Nigeria. He owns 700,000,000 shares or 25% of MTN Nigeria, a stake that’s currently worth N360 billion ($1 billion).

Tooh

Pascal Dozie!!! Money Man

Op where my name

Good investors

Well played

Before you put 1 Naira in the Nigerian stock exchange, go and watch THE WOLF OF WALL STREET. Nigerian Stock Exchange is a place run by Judas Iscariots. Go and find out what Ndi Okereke Onyuike did there. Go and find out what Transcorp did there.

People regularly get burnt in that place of corporate scammers, you need sound financial education to make money there.

Let me tell you a secret Mtn doesn't want you to know. There is a company called MTN International (Mauritius) Limited, which has the controlling 76.08 per cent equity, or 15,485,544,050 shares valued at about N309.71 billion. Once they recoup their money paid as fine with extra by gullible Nigerians, they are getting out. That's exactly how Etisalat got a cash investment and Mudabala telecoms (the Arab owners) ran off with the money.

What most people don't know is that just last Friday, Mtn borrowed 200 Billion for a 7 year tenure from a consortium of banks just Friday 17th of May.

You see that fine mtn paid, they are stylishly collecting it back from Nigerians. They would eventually dump everything and run off like Etisalat. They are scamming as much people as possible preparatory to running away.

The banks they obtained the loan from know this but they don't care. They would willingly take over mtn like they did to Etisalat.

This same Gbenga Oyebode on Mtn board is the chairman of Access bank. Go and find out what Access bank did to Etisalat.


Edit:
5 days after made this post, EFCC raided Mtn's head office for alleged manipulation of the stock market. For those insulting me for saying the truth, don't let your greed make you support your fellow humans being fleeced by crooks.

Wazobia

I cant find my name there.... Op, goan check VAR oooo..

Na dem dem

This is super lovely and admirable

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most are into oil and gas

Where is the obasanjo people always talk about ... thought he was one of the shareholders

Na wao, MTN listing without an IPO is nonsense, they don't want ordinary Nigerians to invest and make profit from that company. Left for a few people most of whom are just cronies of the same individuals that have ripped up this country because they have access to our common wealth. Nonsense and ingredients

More swindling...

They should have listed using an IPO

My next coming to earth i will answer Dasuki seems that name is synonymous with money

Uncle Victor! The Onwanaetiliora of Ndoni!

Ok

V

tillaman:
Mehn, some people are so freaking rich that the only problem they might be facing is how to spend their money! These figures am ehn you can’t finish it in a life time! Aje

dey still end in grave

Men in money. The world is truly controlled by men. Nice one!

back to my disturbance! Guys, it is almost 860 and we are going to 1000. We are almost done. Nairaland is amazing. I was able to hit this number within 1 and half day

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nepapole:
I cant find my name there.... Op, goan check VAR oooo..

Nairabet shareholders are not listed my friend