Nigeria 🇳🇬 vs South Africa 🇿🇦 🔴 Parliament Moves to Nationalize MTN & DSTV?! Breaking Report

Added: 2026-06-03

[00:00:00]Now, what I said is I am aware that MTN is quoted.

[00:00:05]And therefore, Nigerian shareholders can hold on. But we take away the South African rights. And because of the issue, I'm not sure of the legal status, that's why I said you nationalize and then you re you re you you you re-privatize it so that Nigerians can take it over and the profit they are taking out of Nigeria will be retained here. There will be no South African share in it.

[00:00:28]The same goes for uh the other bank, ABC TH. There are quite a number of them like that. And Rufai, I am happy that after I made the point that the president of South Africa is a major shareholder in MTN. And as of the time I spoke, he has found it very convenient to keep quiet. I am also aware that during the campaign of President Ramaphosa for election to the office of president of South Africa, he made the issue that foreigners were doing the jobs of South Africans. Now, the South Africans are hungry, there is no employment and so on, and they have transferred aggression against black people. So, I said, "When you hit Ramaphosa as president, you touch his economic interests in Nigeria, he will speak out." And call your colleagues in South Africa, they will tell you after they watch what I said >> Okay.

[00:01:19]>> on the floor of the Nigerian Senate.

[00:01:21]>> No, no.

[00:01:21]>> Thereafter, President Ramaphosa came out clearly to condemn the attack on black people. He didn't do so until I threatened to seize >> Mr. President. Senator Shehu Sani.

[00:01:31]>> BUT IF YOU ASK ME, NO, NO, allow me, excuse me, but >> No, hang on, let me finish. When you ask >> I beg you, I beg you. But it's the same government that is saying they want investors. So, how does that sound like when you can arbitrarily nationalize people's shares when they come to invest in your country and you want foreign direct investments?

[00:01:49]So, if Nigerians have chaos with any citizen of any country, they nationalize their shares. That's how Adams Oshiomhole who things, right?

[00:01:56]We just nationalize people's shares like that.

[00:01:59]>> No. Now, what I mean is why?

[00:02:01]>> Rufai, sorry, not Rufai. Rufai.

[00:02:04]>> You place more weight on on on wealth than the life of human beings.

[00:02:12]If anything leads to the death of Nigeria, what is the value of wealth to the dead?

[00:02:17]>> Oh, so >> If it is your own value system that investment is more important than the life of Nigerians that are being wasted and killed in South Africa, and the government is not on record as having convicted anybody to prison. And I know that those in government in South Africa are making money from Nigeria economy, are cutting away that money to South Africa.

[00:02:40]Now, in my judgment, and this is a matter of value judgment, in my judgment, life is more important. We don't want investors who invest at the expense OF HUMAN BLOOD. IF YOU need Nigeria blood to service, and you do not care about Nigeria human blood because you want to attract investors, I will say, even in my poverty, I value my life.

[00:03:01]>> Okay.

[00:03:02]>> Even in your own case, you value investment, etc. >> Mr. Shagari.

[00:03:06]>> But but you are wrong. You are wrong to say Wait. Wait.

[00:03:09]No.

[00:03:10]Yes.

[00:03:10]>> Mr. Shagari, why don't we nationalize the wealth of all Nigerian rich men because people are dying in the north?

[00:03:16]>> Okay.

[00:03:16]>> How does that argument sound? Why don't you nationalize the wealth of all Nigerian rich men because people are dying in the north, and we've not been able to solve insecurity?

[00:03:24]Let's talk >> No.

[00:03:25]>> Before we go.

[00:03:26]>> All right. Rufai.

[00:03:27]>> No, Senator, please. Let me ask you this question.

[00:03:29]>> Rufai, that's your problem.

[00:03:30]>> About nationalization, even standard >> No, NO, YOU CAN'T ASK FOR QUESTION WITHOUT ANSWER. NO. YOU ARE NOT TALKING TO A DEAF MAN. YOU [clears throat] HAVE THREE QUESTION YOU HAVE NOT ALLOWED me to answer.

[00:03:39]>> OKAY, GO AHEAD, PLEASE.

[00:03:40]>> You have obligation to listen to the PERSON YOU HAVE DRAGGED OUT TO COME AND QUESTION.

[00:03:44]>> Senator Adamu, please go ahead.

[00:03:45]>> Rufai, this is to you.

[00:03:48]Rufai, this is to you.

[00:03:49]>> Yes.

[00:03:51]>> This is to you. Yes.

[00:03:52]>> Please go ahead and nationalize. That is not my problem. I do not belong to the the excessive free market people.

[00:04:01]But you are comparing like with your like. But let I ask you the question, Rufai, is human economy worth or foreign investor foreign dollar more important than the life of a Nigerian?

[00:04:14]Answer the question.

[00:04:16]When a country for the first time they kill Nigerians they got away with it.

[00:04:20]Second time they riot they kill Nigerians they got away with it. Third time they kill Nigerians they got away with it. Under Buhari there was an agreement.

[00:04:28]They broke it. They are killing Nigerians. Nobody is in prison for murder, extrajudicial murder. You are talking about law. Is there no law protecting the life of foreigners who live IN YOUR COUNTRY EVEN IF THEY WERE there illegally? There are legal ways to repatriate them, to deport them. EXCUSE ME, WHAT IS MONEY TO THE DEAD? IF YOU are a slave of wealth, if you are a slave of foreign investor, even if that investor is blood soaked and it feeds on Nigerian blood, are you happy with that because you want the dollar by all means? Rufai, you and I we do not belong to the same school and we do not share the same value system. Money is not everything for me. Whatever you want to if you want to trivialize it and compare like with your like, compare banana with oranges, it's your choice.

[00:05:13]But I am clear Nigerians know where I stand and I'm happy that Nigerians in South Africa they are happy that somebody has spoken for them. AND EVEN THE SOUTH AFRICAN PRESIDENT, AFTER I SPOKE and I accused him of doing nothing and that he will go on his knees to beg, what will hit him?

[00:05:28]He has MADE A BROADCAST CONDEMNING the the the attack which he didn't DO BEFORE I SAID IT. SO RUFAI, I have no regret whatsoever.

[00:05:37]>> Senator, thank you so much.