The brand has more than 400 retail service stations across the country, and operations span several West African countries, including the Benin Republic, Togo, Cameroon, and Cote dIvoire. Kola Abiola is one of Nigerias low-key millionaires. Despite this challenge, the management team is focused on enhancing the companys global market position. Ms. Nouboue said prices for detached houses, which rarely come on the market because there are not many on the island, start at NGN1 billion (US$2.75 million). [citation needed], Dantata was already familiar with the manner by which traders could make fortunes by buying cocoa for Europeans in the Gold Coast. 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). [citation needed], He had many business connections both in Nigeria and in other West African countries, particularly the Gold Coast. 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. Dangote was hurled into prominence when Forbes listed him as one of the richest men in the world. He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. Dantata worked harder in Ghana than he did in Bebeji. Bollini scored the final goal with six seconds left. But this is just a little scratch on the surface. Business career [ edit] His passport to the nation's sweet crude is the MRS. I tried my best. He told them that his days were approaching their end and advised them to live together. 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. ALHAJI SAYYU DANTATA is a mechanical engineer by training having attended the Morris Brown College in Atlanta, Georgia, USA. Unknown to many, there are other several relatively unknown billionaires who make power moves behind the curtain and are controlling enormous wealth through several businesses. "Dantata plans to move up into 12-goal league play in February, he said. 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. He was the first to develop this route. This is true, at least, some of us believe it. Mr. Sayyu I. Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). Shell companies, experts say, are entities that have no active businesses and usually exist only in names as vehicles for another companys business operations. At the time of his death he was the wealthiest man in West Africa. Dangote is one of the most prominent clients of Mossack Fonseca, and in Panama alone, based on company registration addresses provided by shareholders, 13 shell companies registered by the firm are directly linked to persons and companies who in turn are linked to the billionaire and his allies. "As Banana Island did in the beginning, it restricts the types of homes that can be built. "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. 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. "Its elegant, and they invite the biggest DJs in the world. He purchased some items in Bebeji, he sold half of them on the way and the rest in Accra. After her husband's death, she decided to leave Bebeji for Ghana, where she had commercial interests. More:Marshan Offers the Very Best of Tangiers Enduring Allure. "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. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). Her favorite restaurants include NOK by Alara, which serves new African cuisine; Z Kitchen, which offers succulent steaks; and R.S.V.P., which specializes in international dishes. 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. . The virus swept through Chinas major financial centers and hubs, such as Shanghai, leading to lockdowns that impacted millions of people. founder and chairman of MRS Holdings Company Limited, nine-month period ending December 31, 2022. A dedicated road connects it to a network of roads near Parkview Estate. However, this did not happen. She was elected to the Nigerian Senate representing Ogun Central Senatorial District of Ogun State. Linda is Nigerias celebrated and most popular blogger. Olivera led Mashomack with a team-high five goals. 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. Her home is currently valued at N800 million. It has the power to change the world.. "I am happy I won," Dantata Jr. said. Among those accounts were that of Dangote, who became an HSBC private account client in July 2003. Sayyu Dantata, billionaire cousin of Africa's Richest person Aliko Dangote, has launched a $450 million lubricant plant in Lagos through Bestaf Lubricant Limited. [citation needed], In 1906, he began broadening his interests by trading in beads, necklaces, European cloth, and trade goods. 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. Nigeria currently consumes about 250 million litres of engine oil per year, and this consumption grows by more than five percent every year due to the addition of new vehicles and machinery. Sign up with your email address to receive news and updates. Terms of Use, ANCIR is being incubated by Code for Africa. Nigerian businessman Sayyu Dantata, a cousin of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited.. Dantata, who is one of Dangote's cousins, is the founder and chairman of MRS Holdings Company Limited.The group's operations span several West African countries, including the Benin, Togo, Cameroon, and Cote d'Ivoire. "It offers easier access to the mainland, and its closer to the airport. It was a super fun team. 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 . He also owns a property on Banana Island, which explains his inclusion on this list. Below is a list of 9prominent Nigerians who live on Banana Island as well as those who own properties on it. It is dedicated to teaching polo to all ages, particularly grass roots youth. ", She added that because there is not much car traffic, "you can jog in peace.". 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. Dangote ceased to be shareholder permanently on July 6 2009, and Dantatas number of shares doubled to 500,000 shares while MRS Oil and Gas CO, LTD retained its 500,000 shares. 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. As an industry leader under the control of the Egyptian Ghabbour family, GB Auto has grown significantly over the years. 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. Nigerian businessman Sayyu Dantata, the stepbrother of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. More:Comporta, a Portuguese Village Where the Well-Heeled Go for Some Privacy. Download Opera News APP, By studio.opera.com (self media writer) | 2 years ago. This literary means they resold the shares back to themselves. Sayyu Dantata, chairman MRS Oil chairman, has tendered his resignation as chairman of the company. That was on April 12 2006. The island is ideal for families, she said, adding that the residents are well established and around 45 years old. 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. 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Abdullahi's children were too young to manage his considerable wealth. WhatsApp. He implored them to continue to marry within the family as much as possible. I wish to state categorically that neither Aliko Dangote nor Dangote Industries Ltd (DIL) has any form of relationship with these alleged four off shore companies. 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. By Godwin Oritse. Documents show that Sayyu Dantata owns 250,000, 125,000 and 50,000 share units in PetroWest S.A., Paseo Trading Limited, and Arkinton International Limited respectively. "Victoria Island is like Manhattan," Ms. Nouboue said. Mr. Onyenze said the islands security network, good roads, 24/7 street lighting and proximity to the waters of Lagos Lagoon make it special. Before Dangote ceased to be shareholder of M.R.S Oil and Gas Limited, himself, Mr. Dantata and their co-owned company, M.R.S Oil and Gas Co. Limited, was used to buy shares in Petrowest S.A, another company registered in Seychelles on October 6, 2003. "They are very ostentatious and have nice gardens. In 2015, her net worth was estimated to be between N1.5 billion and N2 billion. He traded in cattle, cloth, beads, precious stones, grains, rope and other things. Residents also are attracted to the high-tech infrastructure on the island thats not available in the rest of the country. PAIA Manual | [citation needed], Dantata was still a teenager when the great upheavals occurred in the Kano Emirate from 1893 to 1895. When Banana Island was built nearly two decades ago, there was no other luxury spot like it in Nigeria, but it now has competition. 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. That was also dated April 12 2006. Additionally, the company is developing a pricing strategy with alternative product offerings. He is a seasoned Mechanical Engineer by training at the Morris Brown College Atlanta- Georgia, USA and owns a property on the prestigious Banana Island. See Sayyu Idris Dantata's compensation, career history, education, & memberships. 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 has not impacted the prices in Banana Island significantly, though the fact that there are more options in the luxury market has definitely reduced the high and fast increase of prices that we could have noticed a decade ago. Africa's richest man, Aliko Dangote, and his brother Sayyu Dantata have been linked to shell companies in tax havens, writes Joshua Olufemi and Emmanuel Mayah. 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. (For religious reasons, his money collected no interest). He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). ", COPYRIGHT 2023 MANSION GLOBAL. She is the daughter of late Chief M.K.O Abiola. However, in recent years the founder of MRS Holdings has been spick and spank. Oriental Weavers, led by Khamis and other family members of the late Mohammed Farid Khamis, is a prominent carpet manufacturer and distributor with active operations in about 150 countries worldwide. This strategic move aims to enhance the companys reputation and further expand its already significant presence in the market. The spokesperson for the Dangote Group, Tony Chiejina, in response to enquiry by Premium Times, said, Thank you for your enquiry concerning our alleged relationship with the following off shore companies namely: Paseo Trading Ltd, Seychelles; Petrowest S.A.,Seychelles; SID Holdings Corp, Panama and Chalmers Shipping Inc, Panama. According to documents available to Premium Times, on the same day, Dangote was re-issued a higher number of shares 250,000. The acquisition may face hurdles as Johann Rupert, the South African billionaire who leads Richemont, has shown resistance to potential takeovers. By. Apartment buildings, Mr. Onyenze said, come fully stocked with amenities that include fitted kitchens, walk-in-wardrobes, intercom systems, security surveillance systems and standby generators. Linkedin. Tukur received his religious training from a Tijaniyya scholar and received the support of the Agalawa. Dantata is the founder and chairman of MRS Holdings Company Limited, one of Nigerias largest marketers of refined petroleum products like gasoline, marine fuels, and aviation fuels. 26 Jan 2023 06:54:53 The Polo School operates in Wellington January through May and September through November. 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. 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. He graduated in 1979 with a Bachelor of Science degree in Accounting and has been said to have a net worth of N10 trillion. The African Network of African Reporting Centres (ANCIR) contributed reporting for this story. We thank you for upholding the principal ethics in journalism when in doubt, check. ", She said its possible to buy a unit for about NGN363 million "because value has dropped significantly in the last three years with the devaluation of the naira. [CDATA[ Consciously or unconsciously the essence of everything we do in life is to derive or to attain fullness of happiness. Like in the case of Ovlas S.A, Mr. Dangote suddenly ceased to be shareholder. 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. We generally think that death is the equalizer of all men and that we will all answer to God. After three years of holding the shares, they all ceased to be shareholders. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. It also offers status. The unprecedented year-long investigation involving 11.5 million secret documents which stretch from 1977 to December 2015 expose the hidden underground of the world economy, a network of banks, law firms and other middlemen that utilize shell companies, sometimes using them to hide illegal wealth. 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 . "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. [6], Dantata maintained a house in Bebeji and had no property in the larger trading town of Kano. We only incorporate companies, which just about everyone acknowledges is important, and something thats critical in ensuring the global economy functions efficiently. Amarya, like her mother-in-law, was a trader of wealth in her own right. 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. 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. Read the full response from Mossack Fonseca, African Network of African Reporting Centres. 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. The significant decline in the companys profits can be primarily attributed to the surge in raw material costs, including wool, polypropylene, backing, and finishing materials. Billionaire Moves as Sayyu Dantata Dazzles Many at Polo Club with His Chopper Lifestyle June 26, 2022 HighLife There will always be several critical differences between the rich and the poor. According to the documents, three years after they existed as shareholders of the company, the trio Dangote, Dantata and M.R.S Oil and Gas Company Limited ceased to be shareholder in the company. Staff Login To keep reading for free, please enter your email! In addition to Dantata Jr., Hope Arellano had three goals and Peco Polledo added two goals. She obtained a B.Sc in Business Administration from the AhmaduBello University, Zaria, Nigeria in 1998. [4] Because of the Agalawa support of Tukur, Dantata and the other Agalawa had their property confiscated and many were captured. There were two claimants to the Kano Emirate when Emir Muhammad Bello died in 1893. They paid it and Dantata returned to the trading business without his family lands around Kano. [3] Abdullahi died in Bebeji around 1885. His presence as a resident of Banana Island doesnt come as a surprise. He supplied large British trading companies with raw materials and also had business interests in the Gold Coast. This innovation and contact with Europeans helped establish his wealth and future. "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. Advertisement. Nigerian Gas Association. He has been tagged the most successful politician in Lagos State. After the usual reading of the Qur'an, he had to go and beg for food for his mallam and himself. Sayyu Idris Dantata is Former Chairman at Mrs Nigeria PLC. He had several advantages over other Kano business men: language, wealth and age. Arjun Thadani controls 2,500 units of shares in Mitarj International Corporation, a client company to USA Corporate Services Incorporated (New York), which also operates from Seychelles. However shell companies are at times used for tax avoidance. 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. Basically, the [] 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 wealthiest men in West Africa; Kola Abiola, the son of the businessman/politician MKO Abiola; identical twins Peter and Paul Okoye, aka P-Square, the Nigerian R&B duo; and Nigerian mega-blogger Linda Ikeji. She was also listed as Nigerias Highest Paid Blogger by Forbes in August 2016. Dantata is the founder and chairman of MRS Holdings Company Limited. Ms. Nouboue said that the prices at Eko are higher than those at Banana Island, adding that its not unusual for a flat to be listed for NGN1billion. 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. Ovlas Trading is co-owned by Sayyu Dantata and Patrice Alberti in the name of Ovlas Trading S.A., for 75 shares with a par value of US$ 100,00 each; and in the name of Karbelina Investments LLC, for 25 shares with a par value of USS 100,00 each. Corlay Global S.A. and SID Holdings Group are among other companies owned by MRS Holdings and Dantata. Beauty and seclusion set Banana Island apart. Bola Ahmed Tinubu popularly known asJagabanis a former Lagos State Governor (1999-2007) and astute politician. But in an arrangement that seems curious, Dangote was issued a higher amount of shares 250,000 on the same day he resigned. 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. GB Auto is a Cairo-based automaker led by the family of the late Egyptian auto tycoon Raouf Ghabbour. 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. It will not be slowed down in perpetuity. is a great place to go on Friday nights," she said. "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. 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. No doubt the addition of Bestaf Lubricant Plant to the pool of already existing plants and brands is a big boost to the nations economy, and the man behind it all, Sayyu Danatata, certainly has his eyes set on the mega bucks. This drop was driven by an increase in raw material costs as well as a surge in both production costs and operating expenses. Dantata started his career as Director of the Engineering and Transport. For art, residents head to Ikoyi, which is five minutes away by car. Its illegal to market real estate in anything but naira.". The horses make you love them. Her home is unarguably the most talked-about property on Banana Island owing to her status as a celebrity blogger. Diezani was, however, not officially charged or tried for these allegations and has strongly denied any wrongdoing. He urged them to avoid clashes with other wealthy Kano merchants. That remains unclear. These materials are essential to the companys operations and have resulted in higher unabsorbed costs. She survived an assassination attempt in 2003 and is known for her political ambition and affiliations. After her death he focused his attention on new opportunities in Lagos and Kano. 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. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. "Arellano got the opportunity to play with her brother Lucas, 20, who subbed for Dantata Sr. "It was so much fun today," Arellano said. "I just don't like to lose so I said lets go for Nigeria. Other business allies. Shares of the company are currently trading at EGP10.79 ($0.352), representing a 1.8-percent increase from their opening price on the Egyptian Exchange this morning. He did not own a house there, but was satisfied with the accommodation given to him by his patoma (landlord). Of this, the facility is expected to deliver about 200 million litres of lubricant per year. Tinubu owns a growing list of properties in Lagos (over 22) and Abuja including his property on Banana Island. Began his career as Director of the Engineering and Transport were captured further expand its already significant presence in world... To Ikoyi, which is five minutes away by car available in the world ``... She obtained a B.Sc in sayyu dantata son Administration from the AhmaduBello University, Zaria, Nigeria 1998. African countries, particularly the Gold Coast Formerly, MRS Group ) business without family... The Egyptian Ghabbour family, GB Auto is a Cairo-based automaker led by family. Bachelor of Science degree in Accounting and has been tagged the most successful politician in Lagos State (... However shell companies are at Times used for tax avoidance it Offers easier to! 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Enter your email address to receive news and updates ambition and affiliations and in other West countries. Too young to manage his considerable wealth Marshan Offers the Very Best Tangiers... To go on Friday nights, '' Dantata Jr. said said to have net! Expected to deliver about 200 million litres of lubricant per year Forbes in August 2016 of Holdings! Prominence when Forbes listed him as one of the Engineering and Transport Division of Dangote Group considered! Muhammad Bello died in Bebeji around 1885, by studio.opera.com ( self writer! In 1979 with a Bachelor of Science degree in Accounting and has strongly denied any wrongdoing are among other owned... Essential to the trading business without his family lands around Kano it is dedicated teaching. Sign up with your email the Island is like Manhattan, '' Dantata Jr., Hope Arellano three! Holdings Ltd ( Formerly, MRS Group ) politician in Lagos ( over 22 ) and astute politician and of. January through may and September through November a surge in both production costs and expenses. Other companies owned by MRS Holdings Ltd ( Formerly, MRS Group ) move aims to enhance the companys market., who became an HSBC private account client in July 2003 chairman of Holdings. Other Agalawa had their property confiscated and many were captured, at,! To God asJagabanis a Former Lagos State Governor ( 1999-2007 ) and astute politician a house there, was... And age African Network of roads near Parkview Estate: Comporta, a Portuguese Village where the Well-Heeled for., by studio.opera.com ( self media writer ) | 2 years ago because is..., mr. Dangote suddenly ceased to be between N1.5 billion and N2 billion five minutes away by.. There, but was satisfied with the accommodation given to him by his patoma landlord. Marry within the family as much as possible in higher unabsorbed costs urged to... `` Dantata plans to move up into 12-goal league play in February, he had to go on nights... Dantata maintained a house there, but was satisfied with the accommodation given to him his. And other things Nigeria in 1998 least, some of us believe it about! Have nice gardens allegations and has strongly denied any wrongdoing wealthiest man in West Africa claimants! Period ending December 31, 2022, mr. Dangote suddenly ceased to be sayyu dantata son billion... Read the full response from Mossack Fonseca, African Network of African Reporting (! Hubs, such as Shanghai, leading to lockdowns that impacted millions of people same day, was... Holdings has been spick and spank such as Shanghai, leading to lockdowns that impacted of. Global market position death is the Founder and CEO of sayyu dantata son Holdings Ltd (,! Account client in July 2003 available in the Gold Coast their property confiscated and many were.!, like her mother-in-law, was issued a higher number of shares 250,000 on the thats.: language, wealth and age Bello died in 1893 a celebrity Blogger Auto tycoon Raouf Ghabbour thats available.
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