. "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. In 2012, her blog was worth $1.2 million. Dangote plans to channel the funds into the construction of a new cement manufacturing facility in Cote DIvoire. 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. On the same date also, a company they both own as at 2003, MRS Oil and Gas Co. Limited bought 25,000 numbers of shares from OVLAS S.A. Overnight on Wall Street is morning in Europe. Nigerian businessman Sayyu Dantata, the stepbrother of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. He is largely regarded as being socially invisible and this stems from the low profile he has maintained over the years. Palm Beach Open Cup champion Sayyu Dantata and his SD Farm polo team are set to fly the Nigerian flag as the countdown begins for the World Polo League's star-studded . 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. Nigeria, Africas most populous nation, is home to some of the richest men on the continent. His net worth has never been successfully estimated given his extremely private life and business dealings. Alhassan Dantata ( ( Listen); 1877 - 17 August 1955) was a Northern Nigerian trader in kola nuts and ground nuts, and he was a distributor of European goods. (1963). 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Business career [ edit] I just went in wanting to do my best and play hard. Education: Morris Brown College, Atlanta-Georgia, USA, Foundation or organization founded: MRS Holdings Ltd (Formerly, MRS Group). In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. Feeding African Cities: Studies in Regional Social History, Indiana University Press, 1987. p 87-91. "The way he plays, his style, he is just unique. "I love playing with my brother. He graduated in 1979 with a Bachelor of Science degree in Accounting and has been said to have a net worth of N10 trillion. Net Worth: $300 million. Its' mission is to provide individuals opportunities in polo at every economic and ability level. This literary means they resold the shares back to themselves. Spear Magazine. harunawaleed (@harunawalid) June 25, 2019, [READ ALSO: Is Forte Oil Plc considering changing its name following acquisition?]. That means the businessmen simply resold the shares back to themselves. It was the first time he played against polo great Adolfo Cambiaso. 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. 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. 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. 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. Specifically, Dantata, Anil Kumar Ahluwalia and M.R.S Investments Company share same company address Plot 6, Block 2, Osborne Road, Ikoyi, Lagos Island in entities incorporated for them offshore by Mossack Fonseca. With Mashomack leading 9-8 early in the sixth chukker, Dantata Jr. scored the tying goal with 3:23 left in the game. Worth a staggering US$15.4 billion, Nigeria's businessman and industrialist, Aliko Dangote, is on the Forbes Rich List as the wealthiest man in Africa. Earlier this month, he received Nigerian Central Bank approval to invest $4 billion outside the country. Bola Ahmed Tinubu popularly known asJagabanis a former Lagos State Governor (1999-2007) and astute politician. 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. His presence as a resident of Banana Island doesnt come as a surprise. Dantata, who is Dangote's stepbrother, is the founder and chairman of MRS Holdings Company Limited. 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. The company has an annual turnover of ten billion naira (N10 billion) with ships, and totals about 50,000 tons of diesel monthly. This is What You Can, You Will Learn How To Make Coconut Rice After Seeing These, See Why You Shouldnt Be Eating Bananas For Breakfast, Why You Should Consider Having Catfish Regularly In Your Meal, Interesting Facts About Toby Onwumere, The Nigerian Actor On Sense8, Nigerian Model Elizabeth Ayodele features in Love Magazines latest Video Campaign, Nigerian Student Develops Alternative Cure For Breast Cancer, Dr. Ozak Esu Among Telegraphs Top 50 Women in Engineering under, Nigerian Celebrity Biography: Bisola Aiyeola, 6 Mistake You Should Avoid Before You Say I Do, Want to Ask a Girl Out Over Text? Follow me on Twitter@ EmperorDIV. Caverton releases statement following VPs crash landing], SON partners Nigerian Army to actualise vehicle assembly initiative], Is Forte Oil Plc considering changing its name following acquisition? A few other other allies of Dangote and Dantata were also flagged as shareholders in the shell companies used for their Panama deals. I tried my best. "I love it. Press, 1997. p 65-70. 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. 'Alhaji Dantata A Man of Means'. For additional information on our products/services or our industry expertise, please visit the appropriate page on our site. Many people using offshore companies do so legally and offshore companies indeed have many legal purposes. Managing Director of Bestaf Trading Company Andreas Wielsch stated that, with the lubricant plant, the company will be able to produce about 50 percent of Nigerias annual lubricant consumption of about 364 million liters. Opinions expressed by Forbes Contributors are their own. Mr. Sayyu I. Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). But shell companies are not illegal, and not all owners use them to avoid tax or hide assets. Sayyu Dantata. He snubbed overvaluation claims which trailed the public listing of Dangote Cement last fall. Mechanical Engineering from Morris Brown College Atlanta- Georgia, USA. The system involved about five autonomous level of associates, agents, and farmers. 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. 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. Given at Victoria, Seychelles.. "I don't know what happened in that last chukker," Dantata said. 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But this is just a little scratch on the surface. XE Currency Converter Not if you saw Sayyu Dantata arrive at his polo club in his $2 million chopper. They have had to buy diesel from foreign firms who were then receiving allocations despite having no offices of their own in the country. Ancestors and Heritage Dantata's father was Abdullahi, a man from the village of Danshayi, near Kano. 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. He is currently the Chairman of the MRS Group ofcompanies, Petrowest Trading S A, PetrowestServices Geneva and Corlay Global S Aleveraging on over 20 years of experience inthe downstream petroleum industry inNigeria. DPR Dantata started his career as Director of the Engineering and Transport. 2023 Billionaires.Africa. He is a seasoned mechanical engineer by training. That happened on October 12, 2012. Breakdown Of Sayyu Dantatas NSE Fortune, MRS Oil: his stake is worth N10.2 billion ($67 million), Source: Honeywell Flour Mills, First Bank. Dantata, who is Dangotes stepbrother, is the founder and chairman of MRS Holdings Company Limited. We only incorporate companies, which just about everyone acknowledges is important, and something thats critical in ensuring the global economy functions efficiently. The Nation. Roman Loimeier. Breakdown of Eddy Martins Egwuenus fortune: Zenith Bank: Owns stake worth N8.3 billion ($54.2 million), Email me at mnsehe@forbes.com. She survived an assassination attempt in 2003 and is known for her political ambition and affiliations. The wealthiest man in West Africa. Based on figures derived from investment agencies, the latest annual reports and confirmations from capital market registrars, these are the five richest people who own stocks listed on the Nigerian Stock Exchange. The Worlds Best Cross-BorderInvestigative Team, ANCIR is not responsible for the content of external sites | Oluwa shine ur blessing on me. [1] The business magnate also. She lived in the United States for many years before finally relocating to Nigeria. Of this, the facility is expected to deliver about 200 million litres of lubricant per year. At the time of his death he was the wealthiest man in West Africa. Omokolade is a seasoned financial analyst and reporter with in-depth knowledge of and expertise in equity markets, and financial and economic analysis. 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. Like in the case of Ovlas S.A, Mr. Dangote suddenly ceased to be shareholder. The M.R.S Investments Companies mentioned earlier is a subsidiary of MRS Holdings. The chopper is reportedly worth about N722 million. 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He is the Director of Engineering . He is widely regarded as the presumed winner of the 1993 presidential elections. Download Opera News APP, By studio.opera.com (self media writer) | 2 years ago. Dangote Cement: his stake is worth NN 1.76 Trillion ($11.5 billion), Dangote sugar: stake is worth N87.95 billion ($574.8 million), Dangote Flour Mills: stake is worth N59.48 Billion ($389 million), National Salt Company: stake is worth NN7.57billion ($49.5 million). The 200-million-liter lubricant plant is the first of its kind in West Africa and covers the entire value chain of lubricants. She owns a property on Banana Island that has been the subject of very many controversies. Samoa is one of the various countries used as tax havens by large corporations. About Sayyu Dantata: Alhaji Sayyu Idris Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd, formerly known as the MRS Group. They are Afrex S.A clients in Panama. The chunk of his wealth is believed to have been inherited from his father. She was accused of organising a diversion of $6 billion (N1.2 trillion) from the Nigerian treasury and was arrested in London in 2015. CHECK: LANDS FOR SALE IN IKOYI DAVIDO He has been tagged the most successful politician in Lagos State. The lubricant plant, which is located at Tincan Island in Apapa, Lagos, is set to contribute immensely to Nigerias economy and will boost employment, generate revenue, and reduce the countrys import dependence. has changed its name and is now incorporated under the name of PETROWEST S.A. on this 27 day of April 2011. In 2015, her net worth was estimated to be between N1.5 billion and N2 billion. Sayyus MRS got its big break when it was hired by the NNPC in 1998 to dispose of Low Residue Stock (a by-product of the refining process). Sayyu Dantata was born and raised in the city of Kano state but he spent most of his life in the biggest city of Africa which is Lagos he was born on the 10 August 1960 right now he is over 60 years old. "Then he gave her to me. Their company, MRS Oil and Gas, was re-issued 500,000 shares. This started in 2009 and he has gone on to be named the richest man in Africa; year after year. Aliko Dangote is widely known for his staggering wealth. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. Diezani was charged with responsibility for $20 billion missing from the Petroleum agency. 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. "I am happy I won," Dantata Jr. said. The companys operations span several West African countries including Benin Republic, Togo, Cameroon and Cote DIvoire. All Rights Reserved. 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. wealth and financial magazine, Forbes namedBanana Islandin Lagos as themost expensive neighbourhoodand place to live in Nigeria. Correction: An earlier version of this text stated that Sayyu Dantata is Aliko Dangotes cousin. He did this to beat the normal gridlock on the road. ], Oando announces resignation of Non-Executive Directors amidst managerial crises. [4], He was also a personal friend of the Qadiriyya scholar, Ali Kumasi and supported some of the latter's religious works in Kano. He also owns a property on Banana Island, which explains his inclusion on this list. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). Sayyu is Africa's Wealthiest Man Aliko Dangote's cousin. According to a clip of the incident that was recorded by one of Dantatas staff and has since gone viral on the internet, he flew the helicopter all by himself and landed on top of his office building. Olivera led Mashomack with a team-high five goals. Sanusi Dantata (c. 1919 - 15 April 1997) was a Nigerian entrepreneur and son of Alhassan Dantata. 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. The contact numbers listed on MRS Holdings website failed to connect the several times our reporter called. Sayyu Dantata, chairman MRS Oil chairman, has tendered his resignation as chairman of the company. I've been playing her and it will be my second winter with her. 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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 . However, by the early 1970s, both men joined the Kabara faction of Kano Qadiriyya.[5]. 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. Some others set up shell companies to raise funds before starting operations, to attempt a takeover or as a front for an illegal business. 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Alhaji Alhassan Dantata was a Nigerian businessman who was the wealthiest man in West Africa at the time of his death on August 17, 1955. 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. Also, the Dantata family through marriage and credit extension is linked with a few independent trading families in Kano and Northern Nigeria. The young Alhassan was brought up in the care of an old slave woman, who was known as "Tata" from which circumstance young Alhassan became known as Alhassan Dantata because of her role as his mother. Alhaji Sayyu Idris Dantata, Aliko Dangotes half-brother, is the Founder and Chief Executive Officer of MRS Holdings Limited (Formerly known as MRS Group). Africa's Business Space At Your Finger Tips! "I just don't like to lose so I said lets go for Nigeria. Binani sues INEC seeks judicial review of declaration, The chain of events that led to Oandos decision to delist. That was on April 12 2006. But dont feel sorry for him: Ovia still remains the banks largest individual shareholder, controlling nearly 10%. Dantata is a cousin of Aliko Dangote, and is one of Nigeria's most popular polo patrons. I chronicle Africa's success stories and track its richest people, he received Nigerian Central Bank approval to invest $4 billion outside the country. He was a director of the Nigeria branch of Shell B.P. A 2015 investigation by Premium Times, in partnership with French Daily, Le Monde , the International Consortium of Investigative Journalists, and a host of other major media organisations around the world, had named Dangote among some of Nigerias wealthiest industrialists, former government officials and their relatives, who operated highly secretive foreign accounts with the Swiss branch of banking giant, HSBC. [CDATA[ March 25, 2022. Oba Otudeko, a former banker and renowned boardroom guru, owns a 15.4% stake in Honeywell Flour Mills, an NSE-listed entity which is part of the largely private Honeywell Group-a diversified conglomerate with tentacles in everything from oil marketing to food production, engineering services and finance. Hippy Chic, a Chestnut mare owned and played by Hope Arellano in the second chukker, was Best Playing Pony. He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. Limited since 2008. 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. 1 Like 1 Share Re: Owner Of The Mansion Chris Brown Stayed In Nigeriaby RickyRoss1(m): 11:27pmOn Dec 25, 2012 Alhaji Alhassan Dantata was a Nigerian businessman who was the wealthiest man in West Africa at the time of his death. 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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. Nigerian Gas Association. His company, Globacom has over 27 million subscribers, which makes it the second largest telecom company in Nigeria. 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. Record producer Kenny Beats takes us on a journey from Berklee College of Music to blowing up the electronic dance music scene to reemerging as a sought-after hit maker and content creator, all while building one of the most interactive, music-obsessed communities on the internet. Sanusi Dantata (c. 1919 15 April 1997) was a Nigerian entrepreneur and son of Alhassan Dantata. Omokolade Ajayi is a financial reporter at Billionaires.Africa. Similarly, MRS Investments Company Limited is a shareholder company to Chalmers Shipping Incorporation, which in turn is directly connected to another shell company named Afrex Sal, also domicilled in Panama. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. "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. Sayyu Dantata, billionaire cousin of Africa's Richest person Aliko Dangote, has launched a $450 million lubricant plant in Lagos through Bestaf Lubricant Limited. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. Corlay Global S.A. and SID Holdings Group are among other companies owned by MRS Holdings and Dantata. The horses make you love them. He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. Read the full response from Mossack Fonseca, African Network of African Reporting Centres. Dantata is the companys largest individual shareholder, controlling about 60% of the company. The Advance of African Capital: The Growth of Nigerian Private Enterprise, University of Virginia Press. Sayyus personal interest is listed as Polo Games and uplifting the people. Otudeko is also the largest individual shareholder in First Bank of Nigeria, one of West Africas largest financial institutions, where he holds a roughly 1% stake. Now you might be familiar with the Dantata family name, but the question is: do you know who Sayyu Dantata is? Danshayi, near Kano has never been successfully estimated given his extremely private life and business dealings a! 200-Million-Liter lubricant plant is the first of its kind in West Africa his resignation as chairman of MRS Ltd... The chain of events that led to Oandos decision to delist, mr. suddenly... Correction: an earlier version of this text stated that Sayyu Dantata is a of. Neighbourhoodand place to live in Nigeria resignation as chairman of MRS Holdings company Limited many legal purposes Growth... African Reporting Centres this started in 2009 and he has maintained over the years % of Engineering... Financial analyst and reporter with in-depth knowledge of and expertise in equity markets, and is of. The case of Ovlas S.A, mr. Dangote suddenly ceased to be N1.5... S.A. on this list outside the country use them to avoid tax or hide assets survived! Appropriate sayyu dantata son on our products/services or our industry expertise, please visit the page... 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