The Senate has resolved to consider the nationalisation of South African-owned investments in Nigeria as part of measures to address the recurring xenophobic attacks against Nigerians and other African nationals in South Africa.
The decision followed a motion sponsored by Senator Asuquo Ekpenyong, who raised concerns over reports that anti-migrant groups in South Africa issued a June 30, 2026, ultimatum directing undocumented foreign nationals to leave the country.
He noted that the deadline sparked widespread fear, demonstrations, displacement, and attacks on foreign-owned homes and businesses.
Lawmakers also condemned the repeated attacks on Nigerian-owned businesses in South Africa, noting that South African companies operating in Nigeria, including MTN, Stanbic IBTC Bank, and DStv, have continued to operate without reprisals, reflecting Nigeria’s commitment to African solidarity and the rule of law.
Contributing to the debate, Senator Wasiu Eshilokun urged the Federal Government to consider nationalising South African-owned companies in Nigeria, proposing that proceeds from such action be used to compensate Nigerians who have suffered losses due to repeated xenophobic attacks.
However, former Senate Majority Leader, Senator Yahaya Abdullahi, cautioned against taking hasty action, stressing that the issue involves complex diplomatic and political considerations that require careful handling.
Following deliberations, Deputy Senate President Jibrin Barau, who presided over the plenary, referred the motion to the Senate Committee on Foreign Affairs for further legislative scrutiny and directed the committee to submit its report for further consideration.
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