Home News Xenophobia: Nationalize MTN, DsTv, Other S’African Companies – APC Tells FG
News - September 5, 2019

Xenophobia: Nationalize MTN, DsTv, Other S’African Companies – APC Tells FG

The All Progressives Congress (APC) has urged the federal government to go a step further to nationalize business franchise owned by South African in retaliation against the xenophobic attacks on Nigerian in South Africa

The APC specifically asked the federal government to target communication giant, MTN, DsTv, Standard Chartered Bank and other lucrative businesses owned by South Africans, saying the government must take decisive measure to ensure the takeover of those companies by Nigerians.

Addressing the media on Thursday, APC national Chairman, Comrade Adams Oshiomhole insisted that the South African government has tacitly endorsed the attacks by their citizens on foreign national.

Oshiomhole further dismissed the explanation of the South African authorities even as he insisted that Nigerians who are doing business in the country were doing so legally.

“Having listened to all the explanations from the authorities in South Africa, these people are neither being accused of being irregular migrants nor are they involved in any illegal activities. Those who have business permit to setup businesses whether they are pretty traders or small manufacturers, yhey are operating within the letters of the law of the South African nation.

“Over the past one year and virtually every other week, Nigerians are being wasted in one part of south Africa or the other. we know that the federal government has had conversations with the south African authorties drawing their attention to this abuses but the escalation of thr attack on foreigners many of who are Nigerians has reached a level that is no longer tolerable.

“At some point, people wonder whether this attacks had the backing of thr south African government. what has been clear over the period is that the south African authorities have not demonstrated sufficient commitment to bring these attacks to an end. For example inspite of the fact that many peoples lives have been wasted, not one South African is known to have been convicted and sentenced to prison.

“South African companies are making billions of dollars from the Nigerian economy year in year out and repatriate same out of Nigeria. MTN was recently in the stick market and some Nigerians bought shares in MTN but I can in moment like this and in order to send a very strong message to South African authorities and South African people, Nigeria government to take steps to over the remaining shares of MTN that are owned by South African so that MTN become fully Nigeria owned.

“I think right away, Nigerians in our individual capacities, this is the moment to show our commitment by boycotting South African good and beginning with Nigerians refusing from today to use MTN services. If Nigeria decide at least for the next 30 days to stop using MTN, they would have send clear message.

“We should reflect why we should continue to allow DSTV to repatriate millions of dollars to South Africa arising from their activities in Nigeria. We have review all of those things that give South Africans monopoly such that they make money with very little value addition.

“To show that we mean business and in practical step South African Airways, their landing right bin Nigeria should be stopped until these issues are sorted out.

“Many Nigerians believed that Shop rite is owned by South Africans, they are repatriating money purely from franchise, both capital which these shopping malls are built are Nigeria’s, the shop owners are Nigerians. This pose obligation on the government to review any agreement that gives South Africans to begin to develop monopoly in our commercial lives.

“We also know that Standard Chartered Bank and Stanbic Bank, are all South African Banks, Nigerians may have more shares there, if any. It is time to ask them to wind up so that Nigerian Banks will take advantage of their departure and expand their operation. We have enough to save by transferring these businesses to Nigerians.”

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