Senate Rejects Nationalisation of SA Firms, Calls for Diplomatic Pressure Amid Xenophobic Attacks

On July 7, the Nigerian Senate declined a proposal to nationalise South African companies such as MTN and DStv. The move was sparked by fresh xenophobic attacks on Nigerians living in South Africa. Senator Asuquo Ekpenyong moved a motion demanding stronger measures. Senators Adams Oshiomhole and Eshilokun Wasiu sought to seize profits from these firms to compensate victims if the South African government refused to pay damages. Deputy Senate President Barau Jibrin cautioned against basing decisions on unverified social media reports. He urged diplomatic engagement and gave the Senate Committee on Foreign Affairs two weeks to conclude its investigation before further action.

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