Home News Business Nationalize Shoprite, MTN,  And Revoke The Banking Licences Stanbic IBTC Others, APC...

Nationalize Shoprite, MTN,  And Revoke The Banking Licences Stanbic IBTC Others, APC Urges FG


The Nigeria’s ruling party, the All Progressives Congress, called on the Federal Government to ensure a complete takeover of Shoprite, the MTN and other South African businesses in the country by Nigerians.

The party also called for the revocation of licences of banks owned by the South Africans in Nigeria including Stanbic IBTC and Standard Chartered banks.

The party made the calls after an emergency meeting of the National Working Committee in Abuja on Thursday presided over by the National Chairman, Adams Oshiomhole.

Addressing journalists after the meeting, Oshiomhole said the attitude of the ruling African National Congress and that of the South African government indicated approval of the unwarranted attacks on black immigrants and wanton destruction of their property.

He said, “Having listened to all the explanations from the authorities in South Africa, these people are neither being accused of being irregular migrants nor were they involved in any illegal activities. Those who have business permit to set up businesses, whether they are pretty traders or small manufacturers, 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 authorities drawing their attention to these abuses but the escalation of the attacks on foreigners – many of who are Nigerians – has reached a level that is no longer tolerable.




Please enter your comment!
Please enter your name here