He traded in cattle, cloth, beads, precious stones, grains, rope and other things. [citation needed], Dantata was already familiar with the manner by which traders could make fortunes by buying cocoa for Europeans in the Gold Coast. This strategic move aims to enhance the companys reputation and further expand its already significant presence in the market. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. They include Lagos Preparatory & Secondary School, a co-ed day school for students 18 months old to over 16 years; the British International School, a British curriculum secondary school for students 7 through 13 years old that offers a boarding option; and St. Saviours, a British curriculum school for children up to 6 years of age. [3] Abdullahi died in Bebeji around 1885. They all received their portion according to Islamic law when he died. - Sayyu Dantata - Son of Alhassan Dantata - the wealthiest man in West Africa at the time of his death in 1955.-Kola Abiola - son of MKO Abiola - prominent businessman, publisher and politician. Ikoyi also is a shopping destination. Dangote and Dantata bought equal shares of 12,500 each from Petrowest S.A. MRS Oil and Gas Co. Ltd also bought 25,000 numbers of shares from Petrowest, just as was done with OVLAS S.A. Again, three years after they existed as shareholders, the trio Dangote, Dantata and M.R.S Oil and Gas Company Limited ceased to be shareholders in the company. MARCO STORARI manages all aspects of oil storage terminalsoperations at MRS Terminals in West Africa which is over 350,000m3 storage depots. He had several advantages over other Kano business men: language, wealth and age. "As Banana Island did in the beginning, it restricts the types of homes that can be built. His presence as a resident of Banana Island doesnt come as a surprise. The highlight of the schedule is the second season of the 26-goal World Polo League, featuring at least 11 teams and most of the best players in the sport.With 18 safe and well-manicured fields, including 11-tournament grade, the club will host every level of polo for men, women and children including the WPL, the only 26-goal polo held outside of Argentina featuring the best players in the world.The club attracts a large international field of players from all corners of the world including Australia, Chile, India, Mexico, New Zealand, Costa Rica, Argentina, Canada, Ecuador, Brazil, Switzerland, France, Germany, Uruguay, Venezuela, Azerbaijan, South Africa, Nigeria and England.Grand Champions is coming off its finest fall season in the club's 13-year history. The newer ones are more modern, with straight angles, and they are less elongated because they are on less land. Correction: An earlier version of this text stated that Sayyu Dantata is Aliko Dangotes cousin. See Sayyu Idris Dantata's compensation, career history, education, & memberships. That investigation, published in February last year showed how HSBC profited doing business with people who stole from their countries and some of the worlds most notorious con artists, including people who made a fortune fuelling wars in Africa. // After graduating from, This page was last edited on 25 January 2023, at 19:11. Expect to see much more of him this year. ", More:Fiesole, Italy, Offers a Village Feel Just Outside Florence. His venture into the Oil and Gas industry in 1993resulted in the establishment of the MRS Group in1995. In 2015, her net worth was estimated to be between N1.5 billion and N2 billion. There were two claimants to the Kano Emirate when Emir Muhammad Bello died in 1893. Filing legal paperwork to help incorporate a company is a very different thing from establishing a business link with or directing in any way the companies so formed, Carlos Sousa, the companys public relations director, said in a statement to ICIJ. His passport to the nation's sweet crude is the MRS. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. Some others set up shell companies to raise funds before starting operations, to attempt a takeover or as a front for an illegal business. Given all these factors, he said Banana Islands exclusivity always will remain attractive to "the highest echelon of the society. Basically, the [] One of the greatest mistake people make is to think that happiness can be . "Then he gave her to me. One of such men is Sayyu Idris Dantata. "She came from my dad and it was one of my dad's best horses forever," Arellano said. 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She was elected to the Nigerian Senate representing Ogun Central Senatorial District of Ogun State. Seychelles is a well-known tax haven used by businessmen and politicians and celebrities to perpetrate shady business deals. The club also hosted a full schedule of successful and highly-competitive medium goal tournaments.Grand Champions and Santa Rita Polo Farm is the largest and most unique polo facility, nestled in the heart of the world's winter equestrian capital Wellington. Nigerian oil and gas billionaire Sayyu Dantata will be playing on the field at the International Polo Club Palm Beach this season with his SD Farms team alongside Peco Polledo, Juan Tito Ruiz Guiazu and Jesse Bray. Banana Islands electrical and water systems are underground, theres a central sewage system and treatment plant as well as street lighting and satellite telecommunications networks. In addition to Nigerias wealthiest people, Banana Island draws a variety of ex-pats from the United States, Britain, Lebanon, India and France. As originally planned, Banana Island was to be an uber-exclusive enclave of single-family detached estates divided into 535 property plots that ranged from 1,000 to 4,000 square meters. The Polo School operates in Wellington January through May and September through November. They include Ola Rosiji, a shareholder of Excalibur Holdings Services Incorporation; and Alex-Duduyemi Oyekunle, a traditional chief known as the Aro of Ife Kingdom. He is largely regarded as being socially invisible and this stems from the low profile he has maintained over the years. The dividend payment will result in the family receiving EGP237.8 million ($7.76 million) from their 56.58-percent stake in the company. Did you know that Dantata and Africas richest man, Aliko Dangote are cousins? Although Banana Islands main street offers little more than a caf, a barbershop and a large supermarket, chic shopping areas and restaurants on Victoria Island are only a 12-minute car ride away. It remains unclear whether Dangote and his associates used their shell companies to buy any such service from Fonseca. Alhaji Dantata started acting as the chairman and Director of the MRS Oil Nigeria Plc since March 2009 and also served as the Director of the Engineering and Transport Division of Dangote Group. Leave Application Of the three condo developments, Ocean Parade is considered the most top-notch, she said, because of its many amenities, which include tennis courts, an Olympic-size pool, two gyms and childrens areas. The plant, located at the Bestaf Facility, was inaugurated by Nigerian President Muhammadu Buhari on Monday evening in the presence of Lagos State Governor Babajide Sanwo-Olu and other dignitaries. Everyone wants smaller homes because their kids leave and more people are selling their mansions to live in three-bedroom flats, where they dont have to worry about maintenance and using a generator for electricity. For many, this did not come as a surprise as Banana Island is largely considered to be on the same level of exclusivity with Saint Germain-des-Prs in Paris, Malibu in California, Beverly Hills in the United States, Burj Khalifa in Dubai and the elegant Calle Serrano in Spain. Despite this challenge, the management team is focused on enhancing the companys global market position. BILLIONAIRE businessman, Femi Otedola and Founder of MRS Group, Alhaji Sayyu Dantata, are some of the first set of Nigerian business leaders to pre-order the yet to be released . Over the past few years, her net worth has been a subject of heated debate. Their company MRS Oil and Gas was re-issued 500,000 shares. He was the first to develop this route. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). According to the groups recent financial report, the combined value of these two assets amounts to EGP 15 billion ($489.74 million), as determined by the valuation of the two transactions that occurred in the fourth quarter of 2022. Below is a list of 9prominent Nigerians who live on Banana Island as well as those who own properties on it. During the announcement of the new brand identity for the group, Nader Ghabbour, the CEO of GB Auto, revealed that the companys new identity strategy focuses on two main pillars: digital transformation and sustainable development. He told them that his days were approaching their end and advised them to live together. Hermans and Bollini each had two goals and Monteverde added one.Dantata was coming off Thursday's Sterling Cup semifinal loss to Valiente. The account appeared in the name of Development Projects Corporation, its registration address in Tortola, in the British Virgin Islands, a notorious tax haven, where individuals and corporations usually incorporate shell companies to hide assets. Linkedin. Shell companies are usually domiciled in notorious tax havens like Cayman Island, Monaco, Panama, Samoa, Switzerland, Luxembourg, Hong Kong, Singapore, Lebanon, Mauritius, British Virgin Islands, St. Lucia, Belize, Macao and close to a hundred others; usually tiny countries. Dantata is the founder and chairman of MRS Holdings Company Limited. Worth a staggering US$15.4 billion, Nigerias businessman and industrialist, Aliko Dangote, is on the Forbes Rich List as the wealthiest man in Africa. "I have been riding horses since I was a kid but this is the first year I have been playing polo and I'm starting here," Dantata said. The 200-million-liter lubricant plant is the first of its kind in West Africa and covers the entire value chain of lubricants. DISCLAIMER: The currency conversion is provided for illustration purposes only. He pointed to recent reports by the National Bureau of Statistics that indicated that the non-oil sector, which includes construction and real estate, grew by 2.05%, and that the Nigerian recession ended in the fourth quarter of 2017. "I won my debut, that's a good thing. As a result, the market value of the Khamis familys 56.58-percent stake in the leading carpet manufacturer is now worth EGP4.06 billion ($132.5 million). In essence, they are corporations that exist mainly on paper, have no physical presence, employ no one and produce nothing. Aliko Dangote's brother, Sayyu Dantata's MRS Oil head office shut down by Government over Tax Evasion. He worked for money on Thursdays and Fridays. The virus swept through Chinas major financial centers and hubs, such as Shanghai, leading to lockdowns that impacted millions of people. Read on to find out all about this young billionaire and his newly launched Bestaf Lubricant Plant, which was recently declared open by President Muhammadu Buahri. Our reputation is paramount to us and we are conscious of the downside of it. This literary means they resold the shares back to themselves. Rupert has taken steps to secure his position in the company, including appointing his son Anton to the board to ensure a long-term strategic vision for the group. He had substantial amounts of capital. Despite an impressive 16.2-percent increase in revenue from EGP11.4 billion ($372.1 million) to EGP13.26 billion ($432.9 million), the Khamis-led company experienced a nearly 22-percent profit decline from EGP1.21 billion ($39.4 million) in 2021 to EGP944.17 million ($30.8 million) in 2022. News ), Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. [6], Dantata maintained a house in Bebeji and had no property in the larger trading town of Kano. ", Mr. Onyenze remains convinced that the "real estate market looks promising in the future, as there are visible signs of massive development in progress. Presently, the Ghabbour familys 62.9-percent stake in the company is valued at nearly $125 million, making them one of the wealthiest investors on the Egyptian Exchange. Given at Victoria, Seychelles.. SD Farms Wins Aspen Valley Cup At Grand Champions; Sayyu Dantata Jr. It is dedicated to teaching polo to all ages, particularly grass roots youth. MRS is a non-discriminatory, equal employer, providing gender equal opportunities and remuneration that is competitive within the industry. Dantata, who is one of Dangote's cousins, is the founder and chairman of MRS Holdings Company Limited. Despite the famine in Kano in 1914, he quickly dominated the groundnut purchasing business via promotions, loans and contacts. Diezani was, however, not officially charged or tried for these allegations and has strongly denied any wrongdoing. Nigerian businessman Sayyu Dantata, a cousin of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. When the British disposed the successor of Yusufu in 1903, they appointed Abbas as the Emir of Kano. He is widely regarded as the presumed winner of the 1993 presidential elections. Mossack Fonseca, the company behind the registration of the shell companies, said it does not direct the companies it incorporates for its clients and therefore cannot be held liable for the uses to which the firms are put. Oyekunle is a shareholder of Sunningdale Assets, S.A, a company that also shares same registered location with MRS Holdings Limited at Plot 70 Sharada Industrial Area, Phase 3 Kano, Nigeria. The island is ideal for families, she said, adding that the residents are well established and around 45 years old. This is true, at least, some of us believe it. The contact numbers listed on MRS Holdings website failed to connect the several times our reporter called. The remarkable surge in profit by triple digits can be directly attributed to two key factors: the sale of GB Lease, the groups leasing business, and its 7.5-percent stake in MNT-Halan, a prominent fintech firm led by Egyptian entrepreneur Mounir Nakhla. All Rights Reserved. Dangote has been repeatedly listed by Forbes for his wealth. He is a graduate of Mechanical Engineering from Morris Brown College Atlanta- Georgia, USA. In providing those services, we follow both the letter and spirit of the law. founder and chairman of MRS Holdings Company Limited, nine-month period ending December 31, 2022. "Its elegant, and they invite the biggest DJs in the world. WELLINGTON, Fl., February 1, 2020---SD Farms rallied late in the sixth chukker to capture the Aspen Valley Cup Friday at Grand Champions Polo Club.SD Farms (Hope Arellano, 1, Sayyu Dantata, -1, Peco Polledo, 6, Lucas Arellano, 2) defeated Mashomack (Josephine Hermans, 0, Santos Bollini, 1, Juanse Olivera, 2, Juan Monteverde, 5), 11-10, to win the January 8-Goal league title.Other January League winners were Newport defending its title against Beverly Equestrian to win the Limited Edition 12-Goal Series and Bushwood defeating Altair Polo to win the Metropolitan 6-Goal Cup.Dantata Jr., 18, was named Most Valuable Player after scoring a game-high six goals including four in the final chukker in his debut at Grand Champions. See More, Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Using data-mining techniques and working in collaboration with a global network of investigators with access to secret databases, Premium Times was able to uncover several Nigerian business players associated with shell companies. [CDATA[ He was buried in his house in the Sarari ward.[2]. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform That was also dated April 12 2006. One current listing, she said, is for NGN750 million. They serve cocktails, and theres a pool.". With this capacity, the company is thus set to give well-known brands such as Total Nigeria Plc, Ammasco International Limited, 11 Plc, Oando Plc, Tonimas Nigeria Ltd, Forte Oil Plc, and Conoil Plc a run for their money. More:Glasgows Pollokshields Has Mansions, Green Spaces and an Artsy Vibe, "There are more apartments and terrace houses than detached single-family homes because land is so scarce and land prices are so high," Ms. Nouboue said. has changed its name and is now incorporated under the name of PETROWEST S.A. on this 27 day of April 2011. With its impressive collection of premium brands such as Chloe, Dunhill, Alaa, Cartier, and Delvaux, Richemont has secured its place as the fourth-largest luxury company globally, boasting a market capitalization of almost $79 billion. "During the winter season in Wellington, Grand Champions is hosting 19 tournaments, the most of any club in the U.S., including four in January. Residents also are attracted to the high-tech infrastructure on the island thats not available in the rest of the country. Lubricants: engine oil, industrial oil, transmission oil, marine oil, grease, and specialty lubricants are highly demanded, especially in the automotive and industrial sectors, with the influx of used and new personal and commercial vehicles increasing by the day. Nigerian Gas Association. DPR The chunk of his wealth is believed to have been inherited from his father. 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Most Valuable Player Grand Champions Polo Club Watch LIve on the all-new ChukkerTV App: Download Unauthorized request L2FwaS9jb21tZW50L0dldENvbW1lbnRzP2NydW1iPUJZeG5yUE5HblVSS00ySTFNalZqTldReU1qVXhOMlZrTVRjNE9UZzNPRFZtTUdWaFpHUXg= February 8, 2023 Important Sales Tips for Selling an Old Home; February 6, 2023 Essential Tips for Dealing with Difficult Landlords; February 5, 2023 MRS Holding particularly popped up regularly as multiple shareholder company for other companies linked to Dangote and Dantata in Panama. It is not clear to what use Dangote put the account and perhaps because he closed it long before the data were stolen, bank records did not indicate any balance on the account. Her home is unarguably the most talked-about property on Banana Island owing to her status as a celebrity blogger. It also offers status. It is a 200 million-liter lubricant processing plant that is acclaimed as the first of its kind in West Africa and covers the entire value chain of lubricants. Now you might be familiar with the Dantata family name, but the question is: do you know who Sayyu Dantata is? "I love it. Despite several documents linking Dangote to those offshore companies, the businessmans spokesperson insisted he never had any relationship with the offshore entities. An American-educated mechanical engineer, Dantata returned home to his native Nigeria to begin the energy conglomerate that became MRS Holdings, growing it into one of the nations largest companies. Headed by Director of Operations Juan Bollini, The Polo School has nurtured several men and women polo players now playing in the pro and amateur ranks since its inception. For instance in 2010, the management of Bank PHB, a Nigerian bank, dragged M.R.S Holdings Limited, owned by Dantata, to court over the non- payment of US$58 million loan the bank granted it to purchase Chevron Texaco in 2008. He added that the launch of the new facility will drive the production of 200 million liters of lubricant per year, which is more than enough to cover 50 percent of the countrys annual consumption. from penta:Ultra-Low-Mileage Bugatti to be Auctioned in Paris. His son, Alhaji Aminu Dantata and his grandchildren like Hajiya Mariya Sunusi Dantata as well as his great-grandchildren, Aliko Dangote still finance pilgrimages of other Muslims to Mecca every year. As was the tradition, the bulk of his earnings went to his mallam. (For religious reasons, his money collected no interest). window.__mirage2 = {petok:"NU1XWiS0aIgqL2kNAZJSViJcfj6ZI_mmTiSkiHqpr5Y-3600-0"}; [citation needed], In 1918, the UK-based Royal Niger Company (later became the United Africa Company) searched for an agent to purchase groundnuts for them, and Dantata responded to their offer. He was also a good financial manager. Staff Login "A big set of people are tenants in the high-rises," Ms. Nouboue said. He graduated in 1979 with a Bachelor of Science degree in Accounting and has been said to have a net worth of N10 trillion. "Most of the schools stop at the primary level because people tend to send their children to boarding schools in the U.K. and the U.S.," Ms. Nouboue said. with legendary father/son duo of Adolfo Cambiaso and his 14-year-old son Poroto, ready . Register for updates and alerts on ANCIR Investigations. Nigerian billionaire, Aliko Dangote owns the Dangote Group, which has interests in commodities. But he said that hes optimistic that "the economy will improve. And Bollini each had two goals and Monteverde added one.Dantata was coming off Thursday 's Sterling Cup semifinal loss Valiente! S cousins, is the founder and chairman of MRS Holdings Company Limited, nine-month period ending December 31 2022... Listed on MRS Holdings website failed to connect the several times our reporter called Muhammad Bello died Bebeji. Is one of Dangote & # x27 ; s compensation, career history,,... Conscious of the 1993 presidential elections Company MRS Oil and Gas was re-issued 500,000 shares of Oil storage terminalsoperations MRS. To sixty `` groundnut pyramids '' in Kano and said, adding that residents. Been said to have been inherited from his father Accounting and has been repeatedly listed by Forbes for his is... It was one of my dad and it was one of Dangote & # x27 s... More: Fiesole, Italy, Offers a Village Feel Just Outside Florence, that a! Maintained a house in the establishment of the country its kind in West Africa and covers the value! Several advantages over other Kano business men: language, wealth and age business... 'S Sterling Cup semifinal loss to Valiente we are conscious of the law charged or for. 200-Million-Liter lubricant plant is the founder and CEO of MRS Holdings Company Limited, nine-month period ending December,! 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