Senator Adams Oshiomhole has called on the Federal Government to use profits generated by South African companies operating in Nigeria to compensate Nigerians who suffered losses during recent xenophobic attacks in South Africa.
The former Edo State governor made the proposal during Tuesday’s Senate plenary while lawmakers debated the renewed attacks on Nigerians living in South Africa.
Oshiomhole’s comments followed remarks by South Africa’s Minister in the Presidency, Khumbudzo Ntshavheni, who reportedly ruled out compensation for affected Nigerians, arguing that only legally registered properties qualify for government compensation.
The South African minister also referenced alleged drug-related activities involving some Nigerians while defending her government’s position.
Reacting, Oshiomhole dismissed the explanation, insisting that Nigerians who lost businesses, properties and loved ones deserved compensation.
“The government of Nigeria should reciprocate by appropriating the profit accrued from South African companies, including their banks, and use the money to pay Nigerians,” Oshiomhole said.
He argued that Nigeria should not bear the financial burden of compensating victims while South African businesses continue to operate and make profits in the country.
“We cannot allow a situation where our people take taxpayers’ money to pay compensation while South African investment and profit is being taken away untouched,” he added.
Oshiomhole also condemned the ultimatum reportedly issued to Nigerians living in South Africa, saying the country’s authorities failed to adequately protect foreign nationals.
According to him, the facts surrounding the attacks are already clear and require urgent action.
South African companies, including MTN and several financial institutions, maintain significant investments in Nigeria, making the country one of their largest markets on the continent.
