Dantata could not be reached. Aliko Dangote is widely known for his staggering wealth. [1][2] He is the great-grandfather of Aliko Dangote, the wealthiest person in Nigeria and Africa. To keep reading for free, please enter your email! Going into the match, both David Paradice's Scone and Sayyu Dantata's SD Farms had secured resounding victories against their Semifinal opponents, proving they were more than worthy to have trounced the other eight teams and potentially, each other. Linda is Nigerias celebrated and most popular blogger. 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. The purpose (s) for which Dangote and his allies set up their own secret companies is not exactly clear. MRS is a non-discriminatory, equal employer, providing gender equal opportunities and remuneration that is competitive within the industry. Did you know that Dantata and Africas richest man, Aliko Dangote are cousins? More:Marshan Offers the Very Best of Tangiers Enduring Allure. Their company MRS Oil and Gas was re-issued 500,000 shares. The 200-million-liter lubricant plant is the first of its kind in West Africa and covers the entire value chain of lubricants. Earlier this year, Bestaf Funding secured $300 million (the same amount in question) in the form pre-export finance facility from PAC Capital Limited, the investment banking unit of . Terms of Use, ANCIR is being incubated by Code for Africa. To get to the island, you have to pass through a security gate. He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. Banana Island, which is Nigerias answer to Pariss Seventh Arrondissement, San Diegos La Jolla, New York Citys Tribeca and Tokyos Shibuya and Roppongi, is a small man-made island in the Ikoyi neighborhood of Lagos. He implored them to continue to marry within the family as much as possible. has changed its name and is now incorporated under the name of PETROWEST S.A. on this 27 day of April 2011. But this is just a little scratch on the surface. [citation needed], In 1906, he began broadening his interests by trading in beads, necklaces, European cloth, and trade goods. 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. Dantata is the founder and chairman of MRS Holdings Company Limited. She added that four-bedroom, single-family terrace/townhouses that are on average 400 square meters and are on 1,000 square meters of land generally range from NGN350 million to NGN500 million. "Most of them are owned by individuals and rented out to tenants who pay NGN25 million to NGN30 million annually. "I just don't like to lose so I said lets go for Nigeria. 26 Jan 2023 06:54:53 The Group has four quoted companies on the Nigerian Stock Exchange and we cannot afford to tarnish our reputation or conduct our business in an unethical manner given this profile. According to Dantata, the plant will not only generate foreign exchange for the country through product exports but also meet the needs of neighbouring countries. More:Comporta, a Portuguese Village Where the Well-Heeled Go for Some Privacy. founder and chairman of MRS Holdings Company Limited, nine-month period ending December 31, 2022. She's turned into one of my best horses. "Then he gave her to me. This started in 2009 and he has gone on to be named the richest man in Africa; year after year. He had the good sense to employ Alhaji Babba Na Alhassan who served as his chief accountant and Alhaji Garba Maisikeli as his financial controller for 38 years. . As was the tradition, the bulk of his earnings went to his mallam. I tried my best. And nearly every house has a gym, she added. "I love playing with my brother. Although Banana Island School, which enrolls boys and girls who are 1 to 5 years old, and Olive Dale Preparatory School, which is a nursery-through-primary school, are the only ones on the island, there are a variety of top-notch schools in Ikoyi. Yusufu received his religious training from Qaadiriyya schools. Amarya, like her mother-in-law, was a trader of wealth in her own right. All property prices are as stated by the listing agent. Tinubu owns a growing list of properties in Lagos (over 22) and Abuja including his property on Banana Island. Expect to see much more of him this year. [citation needed], He had many business connections both in Nigeria and in other West African countries, particularly the Gold Coast. 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. One current listing, she said, is for NGN750 million. His company, Globacom has over 27 million subscribers, which makes it the second largest telecom company in Nigeria. Some established merchants of Kano like Umaru Sharubutu, Maikano Agogo accepted their offer. [CDATA[ Despite the famine in Kano in 1914, he quickly dominated the groundnut purchasing business via promotions, loans and contacts. 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). GB Auto, a Cairo-based automaker led by the family of the late Egyptian auto tycoon Raouf Ghabbour, achieved a record-breaking profit of EGP 10.5 billion ($344 million) at the end of its 2022 fiscal year. [citation needed], By all accounts, Dantata was hard working, frugal and unpretentious in his personal habits. Evidence abounds in the data that the Panamanian company, Mossack Fonseca, offers clients aggressive reinvoicing services that are specifically designed to help companies avoid/evade taxes. It has the power to change the world.. "Dantata Jr. is the oldest son of Sayyu Dantata, patron of SD Farms and winner of last year's Palm Beach Open in the inaugural season of the 26-goal World Polo League. According to documents available to Premium Times, on the same day, Dangote was re-issued a higher number of shares 250,000. Sayyu Dantata. Other business allies. Nairobi-based entrepreneur Jit Bhattacharyas BasiGo to assemble 1,000 electric buses in Kenya, Egyptian businessman Hisham Talaat Moustafas group pledges $167 million toward community development. Nigerians who live on Banana Island include a growing list of prominent Nigerians and expatriates who have incredibly deep pockets and can afford to spend millions of naira on a property. PPPRA He also owns a property on Banana Island, which explains his inclusion on this list. [2] It is said[by whom?] This they do through Transfer Pricing, a complex structure that allows businesses often in third world countries to shift profits to shell companies overseas to allow them pay little or no tax in the country where they made the money. Sayyu Dantata is the billionaire cousin of Alhaji Aliko Dangote, Africa's richest man and Chairman of the Dangote Group. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). We are not responsible for any loss that you may incur as a result of relying on these currency conversions. Polo has long been a passion for Dantata, who is known to be low-key despite his wealth. Mr. Onyenzeconceded that prices have dropped about 30% in the lastthree-and-a-half years because of a combination of factors, including the devaluation of the naira, decreased prices for crude oil, inflation, high interest rates, job cuts and divestment by multinational organizations from the Nigerian economy. The bank helped questionable characters conceal their wealth despite knowing their sources, and devised ways to hide the identities of the owners of the secret accounts from governments around the world. ", More:Fiesole, Italy, Offers a Village Feel Just Outside Florence. AMINA MAINA oversees all trading, supply, and operations of thegroups activities spanning over 6 countries, including Nigeria. ", Mr. Onyenze remains convinced that the "real estate market looks promising in the future, as there are visible signs of massive development in progress. At the time of his death he was the wealthiest man in West Africa. It is a similar story in Seychelles, an archipelago of 115 islands in the Indian Ocean off East Africa, where Afrex S.A and Bulldog Global Financial Services LLP act as client for Dangote and Dantatas companies. His venture into the Oil and Gas industry in 1993 resulted in the establishment of the MRS Group in 1995 She is a lawyer by training and had cut her teeth in the legal profession by working at the famous FRA Williams chamber before going on to work with Senator Gbemi Saraki as her legislative assistant. The 2.6 TB files, involving 214,488 entities, also reveal details about how former gun-runners, contractors and other members of the spy world use offshore companies for personal and private gain. Bola Ahmed Tinubu popularly known asJagabanis a former Lagos State Governor (1999-2007) and astute politician. Mr. Alhaji Sayyu Idris Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). 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. After her husband's death, she decided to leave Bebeji for Ghana, where she had commercial interests. It was the first time he played against polo great Adolfo Cambiaso. "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. Richemont recently announced an 18 percent increase in sales at actual exchange rates for the nine-month period ending December 31, 2022, according to its recent trading update for the third quarter of its fiscal year 2023. 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. Abdullahi's children were too young to manage his considerable wealth. Africas richest man, Aliko Dangote, and his brother Sayyu Dantata have been linked to shell companies in tax havens, writes Joshua Olufemi and Emmanuel Mayah. Of this, the facility is expected to deliver about 200 million litres of lubricant per year. She was also accused of awarding multi-billion Naira contracts without recourse to due process. Privacy Policy | 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. Nigerian businessman Sayyu Dantata, a cousin of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. [6], Dantata maintained a house in Bebeji and had no property in the larger trading town of Kano. It is dedicated to teaching polo to all ages, particularly grass roots youth. In the past, Sayyu Dantata, has been trailed by one issue or the other. "It offers security, tranquility and privacy. [citation needed], Dantata was already familiar with the manner by which traders could make fortunes by buying cocoa for Europeans in the Gold Coast. Given at Victoria, Seychelles.. . 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 So, according to published reports, does Iyabo Obasanjo, daughter of the former president Olusegun Obasanjo; Sayyu Dantata, son of Alhassan Dantata, who, when he died in 1955 was one of the . Dantata serves as a Director of Hydro Alternative Energy, Inc. and has been a Non-Executive Director of Nigerian Telecommunications Limited since August 2008. I love her. [4] Because of the Agalawa support of Tukur, Dantata and the other Agalawa had their property confiscated and many were captured. At least 100,000 secret bank account operators who owned about $100 billion were exposed in the leaks, unsettling investigators in several countries. The investigation unveiled the cloak of secrecy provided by Mossack Fonseca, a Panamanian law firm that specializes in creating offshore companies, some of which have been used by con men and women to hide Ponzi schemes, predatory lending scams, and other financial frauds from their victims and from the authorities. His venture into the Oil and Gas industry in 1993resulted in the establishment of the MRS Group in1995. Alhassan Dantata (1877 - 17 August 1955) pronunciation was a Northern Nigerian trader in kola nuts and ground nuts, and he was a distributor of European goods. "The way he plays, his style, he is just unique. Please contact us using the information below. It features 120 stalls in five self-contained barns, exercise track, five climate-controlled tack rooms, vet room, staff quarters, guest house and four polo fields with state-of-the-art underground irrigation including one field for stick-and-ball and new parking lot.Grand Champions Polo Club and Santa Rita Polo Farm's expert staff can customize a complete playing experience including horses, pros and certified umpires in addition to lessons and practice sessions as part of its' Polo On Demand program, created by Melissa Ganzi when the club first opened.The Polo School, a stand-alone USPA-sanctioned polo club, is thriving at Grand Champions and Santa Rita Polo Farm. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Nigerian Gas Association. "Its a beautiful concept store designed by architect David Adjaye, and it has everything from fashion to furnishings," she said. Its by invitation only. In 2015, her net worth was estimated to be between N1.5 billion and N2 billion. 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. Dantata is the founder and chairman of MRS Holdings Company Limited, one of Nigeria's largest marketers of refined petroleum products like gasoline, marine fuels, and aviation fuels. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. 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. Advertisement. She is the daughter of late Chief M.K.O Abiola. In its suit, Union Bank alleged that in a bid to evade payment of the loan, Sani Dangote made efforts to deplete funds in his accounts by diverting them to Dubai, Canada and Switzerland. Established in 1985 by the late Egyptian auto mogul Raouf Ghabbour, GB Auto has grown under his guidance to become one of the leading automobile distributors and assemblers in the Middle East and North Africa. The company views the launch of the plant as a step in facilitating the growth of the Nigerian economy and as a positive indication of the potential for more such investments in the future. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). 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. [citation needed], Dantata applied for a licence to purchase and export groundnuts in 1940, on the same level as the United Africa Company. "I don't know what happened in that last chukker," Dantata said. Corlay Global S.A. and SID Holdings Group are among other companies owned by MRS Holdings and Dantata. Abdullahi was the son of Baba Talatin, it was Baba Talatin who brought the family from Katsina to Madobi in Kano following the death of his father called Ali, Abdullahi continued to operate from Madobi until 1877, when having set out for a journey to Gonja headquarters of Kola nut trade at Ghana, his wife gave birth to Alhassan at the campsite (Zango) of Bebeji, upon his return from the journey he decided to abandon Madobi for Bebeji. In addition, Sayyu Dantata owns a total of 25 million units of shares in Corlay Global S.A, a company that is a client to Afrex Sal and also located at Plot 70, Sharada Industrial Area, Phase 3 Kano, Nigeria. In what appears a plot to blur the trace to the Ovlas in Seychelles, the shareholders quickly filed for a change of name to Petrowest S.A. A document seen by Premium Times, reads Republic of Seychelles, INTERNATIONAL BUSINESS COMPANIES ACT, 1994Company No: 018606, This is to certify that OVLAS SA. "It looks more like Miami, and the ex-pats are starting to like it more," she said, adding that the project is due to be completed in about 15 years. "The first houses that were built are in British and Dubai traditional styles," Ms. Nouboue said. PAIA Manual | Sayyu Dantata, chairman MRS Oil chairman, has tendered his resignation as chairman of the company. PATRICE ALBERTI is currently the Vice Chairmanof MRS Group of Companies. Husband 's death, she decided to leave Bebeji for Ghana, Where she had commercial interests agent... And in other West African countries, including Nigeria the entire value chain of.... Gas industry in 1993resulted in the larger trading town of Kano bulk of his earnings went to his mallam Enduring... Officer of MRS Holdings company Limited Chief M.K.O Abiola to all ages, particularly roots... 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