FULL LIST: Dozie, Odili, Dasuki… the billionaires who own MTN Nigeria

May 18, 2019 1:16 pm

Going public on Thursday, MTN Nigeria has brought itself under the scrutiny of the investing public; all its progress and otherwise will now be subject to the corporate governance laws of the Nigerian Stock Exchange.

In line with this, the press also has a duty to monitor how transparent or opaque a public limited company is, at every point of its institutional history.

TheCable obtained the list of shareholders, who now own billions in the second biggest company on the Nigerian Stock Exchange.

While the MTN Nigeria is still controlled by MTN Group, the parent country, some notable Nigerians hold billions in the telecommunications company.

Here’s a full list of those who own MTN Nigeria as at May 17, 2019:

Shareholder	Value in Naira	Percentage Hold
MTN International Limited	1.68 trillion	76.08
Stanbic IBTC Asset Management Limited	213.7 billion	9.64
Mobile Telephone Network	60.95 billion	2.75
Government Employees Pension Fund	38.69 billion	1.75
Victor Odili	87.87 billion	3.96
Pascal Dozie	37.07 billion	1.67
Sani Mohammed Bello	28.87 billion	1.30
Babatunde Folawiyo	23.83 billion	1.08
Gbenga Oyebode	19.80 billion	0.89
Ahmed Dasuki	19.35 billion	0.87
Karl Olutokun Toriola	100.10 million	0.005
Total	2.22 trillion	100

As it is with most publicly traded companies, some of the shareholders serve as fronts for the real owners, while some who genuinely hold these shares do not entirely have control over them.

Note: If viewing the AMP version of this story, you may not see the table, which shows the full list. Please re-open the story here.