Sanusi Cautions Investors on Share Purchases

​The Emir of Kano, Muhammadu Sanusi II, has cautioned prospective investors against taking extreme financial risks, such as liquidating their primary residences or diverting children’s school fees to purchase equities.

​Speaking on Thursday during the Dangote Refinery Initial Public Offering (IPO) investor roadshow in Kano, the monarch advised citizens to participate in the capital market strictly with disposable funds. He noted that individuals could commit manageable amounts—such as ₦10,000, ₦20,000, or ₦30,000—that they can conveniently set aside for an extended period.

​“Do not take your children’s school fees and put in shares. Do not sell the house that you live in and put in shares,” Sanusi cautioned.

​The ongoing investor outreach forms part of the nationwide sensitization for the multi-trillion-naira Dangote Refinery IPO, which officially opened on September 14, 2026. Valued at ₦525 per share with a minimum entry threshold of 10 shares (₦5,250), the public offer targets broadening retail ownership across the country.

​Encouraging Kano residents to embrace the opportunity, the Emir stressed the importance of financial inclusion and long-term investment horizons rather than chasing short-term market gains.

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​“Put it in, leave it there for some time, and just watch your money grow. Forget about it for some time. You’ll be surprised in five years what the money you invest today will become,” he stated.

​Addressing concerns regarding the geographical placement of the industrial asset, Sanusi emphasized that ownership of a corporate entity is defined by shareholding rather than location. He proudly described the founder, Aliko Dangote, as a native son of Kano, urging residents to secure a foundational stake in the historic enterprise.