Former Director of strategy/Communication under the Administration of Goodluck Jonathan, Jackson Ude has claimed that MTN Nigeria listing on the Nigerian Stock Exchange was manipulated.
Ude made this known in a series of tweets on his verified and official twitter account.
He said, “MTN in Conjuction with some Nigerins, fraudulent used the listing on stock exchange to defraud Nigerins.”
MTN Nigeria is a fraudulent enterprise. it has broken all the known laws, defrauded citizens using Nigerian collaborators who are listed as A list shareholders such as Gbenga Oyebode, Pascal Dozie, Sanni Mohammed Bello, Babatunde Folawiyo, Victor Odili, and Ahmed Dasuki
— Jackson Ude (@jacksonpbn) May 26, 2019
He said, “MTN Nigeria is a fraudulent enterprise. it has broken all the known laws, defrauded citizens using Nigerian collaborators who are listed as A list shareholders such as Gbenga Oyebode, Pascal Dozie, Sanni Mohammed Bello, Babatunde Folawiyo, Victor Odili, and Ahmed Dasuki”.
“Between May 16, 2019, when MTN listed on the Stock Exchange to Friday, May 24, 2019, the MTN gangsters who are called A list shareholders through fraudulent share manipulation pocketed $7.8billion with the connivance of top echelon of the NSE.”
“The fraud involves manipulating MTN shares and trading it among themselves using Access Bank’s Aig Imoukhuede and Albert Wigwe (sic) known in the financial circles as big-time manipulators through Coronation Merchant Bank, Coronation Capitals.”
“Curiously, most of the A list shareholders of MTN are also A list shareholders in Coronation Merchant Bank/Coronation Capital and even Access bank so they keep MTN shares among themselves.”
“How can you list shares without making them available for sale? Because the criminals who parade themselves as MTN shareholders and their collaborators in Access Bank, Coronation merchant Bank/Coronation Capital kept the shares to themselves.”
“Since May 16 MTN Nigeria listed in the Nigeria stock exchange, its stock jumped 41%, closing at 140 naira per share on Friday, giving the company a market capitalization of 2.8 trillion naira ($7.8 billion). Stockbrokers who sensed the fraud wrote a petition to the EFCC!”.