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Airtel Africa CEO sells shares worth over N700m to buy UK property

Airtel Africa Plc’s Chief Executive Officer, Olusegun Ogunsanya, has offloaded shares worth £757 440 an equivalent of N720.59m to buy property in the UK.

The number of shares sold by the Nigeria is 666,174 .760 units at the London Stock Exchange on August 4, 2023.

A regulatory filing dated August 11 and seen by THE WHISTLER reveals that the CEO’s shares in Airtel has reduced to 4,325,282 Ordinary Shares.

Airtel said, “This sale of Ordinary Shares is to be used to fund a property purchase by Mr Ogunsanya. Following this transaction Mr Ogunsanya holds 4,325,282 Ordinary Shares in Airtel Africa.”

Ogunsanya who was appointed as CEO of the company sold the share at £1.137 per unit at the London bourse.

Before joining Airtel in 2013, Segun held top roles at Coca-Cola’s bottling operations in Ghana, Kenya and the CEO in Nigeria.

The Airtel CEO was also a managing director of Nigerian Bottling Company Ltd (Coca-Cola Hellenic owned) and head of retail banking operations at Ecobank Transnational Inc, covering 28 countries in Africa.

He is a chartered accountant and an engineer. Reuben Abati

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