Senator Adams Oshiomhole has urged the Federal Government to channel profits generated by South African companies operating in Nigeria toward compensating Nigerians whose businesses and properties were destroyed during xenophobic attacks in South Africa.
The Edo North lawmaker made the call during Tuesday’s Senate plenary while reacting to comments by South Africa’s Minister in the Presidency, Khumbudzo Ntshavheni, who reportedly ruled out compensation for affected Nigerians.
Ntshavheni had stated that only legally registered properties qualified for compensation, arguing that assets located in informal settlements did not meet the legal requirements. She also referenced alleged drug-related activities involving some Nigerians while explaining her government’s position.
Responding, Oshiomhole rejected the justification, insisting that the destruction of Nigerian-owned businesses and loss of lives could not be excused by the registration status of the affected properties.
He proposed that the Nigerian government seize profits made by South African businesses, including banks and other firms operating in the country, and use the funds to compensate victims of the attacks.
According to him, it would be unfair for Nigerian taxpayers to bear the financial burden of compensating victims while South African companies continue to operate and repatriate profits without consequences.
Oshiomhole also criticised the South African government’s response to the attacks, alleging that authorities failed to protect Nigerians despite threats and deadlines reportedly issued by hostile groups.
He maintained that no further investigation was necessary, arguing that the destruction of businesses, loss of lives and other damages suffered by Nigerians were already well documented.
Several South African companies, including telecommunications giant MTN and major financial institutions, have extensive investments and operations in Nigeria, making the country one of their largest markets in Africa.
