Dantata, who is Dangotes stepbrother, is the founder and chairman of MRS Holdings Company Limited. Tundun leads a largely quiet lifestyle with the exception of rare appearances at social events. 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. I just went in wanting to do my best and play hard. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. Among them are Sayyu Dantata, Aisha Dantata and Mariya Dantata who are listed as shareholders of Koggi Shipping Incorporation with registered location as Plot 688, No 4 Winnipeg Close Street, Maitama, Abuja, Nigeria. Grand Champions Polo Club13444 South Fields RoadWellington, FL 33414. MRS is a non-discriminatory, equal employer, providing gender equal opportunities and remuneration that is competitive within the industry. 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. SD Farms will return for a second season.Hippy Chic, a Chestnut mare owned and played by Hope Arellano in the second chukker, was Best Playing Pony. Oriental Weavers is a leading carpet manufacturer and distributor. 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. 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. However, in recent years the founder of MRS Holdings has been spick and spank. One of such men is Sayyu Idris Dantata. 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. 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. They are frequently used to shield the identities of owners and/or to hide money. Tukur was his son. According to internal data of the Panama-based offshore-provider, Mossack Fonseca, obtained by the German newspaper Sddeutsche Zeitung and shared by the International Consortium of Investigative Journalists (ICIJ), Dangote, his relative, Sayyu Dantata, as well as his business allies have over the years used shell companies domiciled in controversial tax havens in their business transactions. In 2015, her net worth was estimated to be between N1.5 billion and N2 billion. 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. 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. How Billionaire Sayyu Dantatas $450 Million Bestaf Lubricant Plant Will Impact Nigerias Economy, Medview Airline to buy two CRJ-900 Bombardier aircrafts on lease, Expert Discusses Biggest Challenges Facing HMOs in Nigeria and possible Solutions, Buhari to Get Copy of 2018 Budget this Week House of Reps, USAID COMMITS ADDITIONAL $7 MILLION TO COMBAT EBOLA, AfDB, others Commit to Joint Action to Speed up Special Agro-Industrial Processing Zones in Africa. According to Swiss newspaper Finanz und Wirtschaft, insiders have suggested that LVMH is actively seeking to expand its jewelry segment by acquiring Cartier, a luxury jewelry brand owned by Richemont. 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. wealth and financial magazine, Forbes namedBanana Islandin Lagos as themost expensive neighbourhoodand place to live in Nigeria. [citation needed], By 1922 Dantata had become the richest businessman in Kano, surpassing other merchant traders. He told them that his days were approaching their end and advised them to live together. 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. 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Mr. Alhaji Sayyu Idris Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | [email protected]. When Banana Island was built nearly two decades ago, there was no other luxury spot like it in Nigeria, but it now has competition. Yes! By. 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. Despite this challenge, the management team is focused on enhancing the companys global market position. Three days later he died in his sleep on Wednesday 17 August 1955. Dantata and his brothers were held for ransom, under the threat of slavery. Dangote has been repeatedly listed by Forbes for his wealth. Instead of bringing kola nuts on pack animals, he used steamships to transport them between Accra, Kumasi, Sekondi and Lagos. Worth a staggering US$15.4 billion, Nigerias businessman and industrialist, Aliko Dangote, is on the Forbes Rich List as the wealthiest man in Africa. Nigerian billionaire, Aliko Dangote owns the Dangote Group, which has interests in commodities. The billionaire recently launched Bestaf Lubricant Plant, a subsidiary of MRS Group. Built on a beach, it has water views and roads like those in the U.S. Dantata built his first house in the then empty Sarari area (an extension of Koki) in Kano. They include Lagos Preparatory & Secondary School, a co-ed day school for students 18 months old to over 16 years; the British International School, a British curriculum secondary school for students 7 through 13 years old that offers a boarding option; and St. Saviours, a British curriculum school for children up to 6 years of age. He could speak some English and already had direct dealings with Europeans in Lagos and Accra. Central Bank of Nigeria Ovlas Trading is co-owned by Sayyu Dantata and Patrice Alberti in the name of Ovlas Trading S.A., for 75 shares with a par value of US$ 100,00 each; and in the name of Karbelina Investments LLC, for 25 shares with a par value of USS 100,00 each. "She came from my dad and it was one of my dad's best horses forever," Arellano 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. 2023 Billionaires.Africa. Business career [ edit] [8], In 1955, Dantata fell ill. Because of the seriousness of his illness, he summoned his chief financial controller, Garba Maisikeli and his children. 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. Given that they at times have nominee directors, often have no phone number, no e-mail address, no physical address, no company logo, no contact person and no federal identification number and because the host country deliberately did not collect enough ownership information on company formation documents, there are usually no paper trails for law enforcements to trace back to a particular individual or individuals in most financial investigations. The newer ones are more modern, with straight angles, and they are less elongated because they are on less land. She left the children in Bebeji, in the care of an old slave woman named Tata. Completed in 2000, its a billionaires paradise populated by the countrys richest and most well-known families, who savor its quiet, peaceful atmosphere far from the clamor and crowds of Lagos, the countrys largest city and financial center. "Having a presence in Banana Island is an indication of your societal class," he said. Alhaji. In a separate document, it was shown that while Petrowest swallowed Ovlas S.A in Seychelles in 2011, courtesy of the name change, Petrowest S.A Panama only bought 100 units of shares at $100 each from Ovlas to become shareholder in the company. Again, they resumed possession of the shares again as in the previous time, but this time it seems Dangote sold his shares to Dantata and M.R.S Oil and Gas Company Limited. Sayyu Dantata. Unlike other established Kano merchants, he was in his mid-thirties, with a small family and retinue to support. "Then he gave her to me. Suspects who killed Ogun couple, son on New Year's day arrested. Amina has worked in various strata in the oil and gas industry,some of which include retail and marketing, terminal andshipping operations, financial reporting and strategy formulationfor various business entities such as, Marc Rich Investments Ltd,Aurora Energy amongst others. Seychelles is a well-known tax haven used by businessmen and politicians and celebrities to perpetrate shady business deals. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). His company, Globacom has over 27 million subscribers, which makes it the second largest telecom company in Nigeria. Hermans and Bollini each had two goals and Monteverde added one.Dantata was coming off Thursday's Sterling Cup semifinal loss to Valiente. Shortly before his death, he pointed to sixty "groundnut pyramids" in Kano and said, "These are all mine". founder and chairman of MRS Holdings Company Limited, nine-month period ending December 31, 2022. Prior to joining MRS Group, he held anumber of positions over a period of 20 years invarious banks in Europe, including BNP Paribasand Banque Arabe International,DInvestissment, Banco Central SA, to mention afew. Dantata was born 1877 in Bebeji, Kano Emirate in the Sokoto Caliphate, one of several children of Abdullahi and his wife, Amarya. Scholarships are available. Thats the price for each of the twin townhouses on 600 square meters of land. has changed its name and is now incorporated under the name of PETROWEST S.A. on this 27 day of April 2011. His presence as a resident of Banana Island doesnt come as a surprise. The lubricant plant has the capacity to produce 1,700 different products and will play a key role in Nigerias economy by boosting youth employment, generating revenue, and reducing the countrys import dependence. Dantata serves as a Director of Hydro Alternative Energy, Inc. and has been a Non-Executive Director of Nigerian Telecommunications Limited since August 2008. 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 . 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. 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. 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. ALHAJI SAYYU DANTATA is a mechanical engineerby training having attended the Morris BrownCollege in Atlanta, Georgia, USA. Diezani was charged with responsibility for $20 billion missing from the Petroleum agency. Dangotes account was in operation till August 2004. Some people own shell companies so that when they acquire assets like private jets and real estates, governments do not find out to demand tax. This is true, at least, some of us believe it. 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. newsheadline247 - August 25, 2017. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. She lived in the United States for many years before finally relocating to Nigeria. Swimming pools, Ms. Nouboue said, are quite popular. Other business allies who are shareholders in companies located at Plot 70 Sahrada Industrial Area, Phase 3, Kano, Nigeria, include Ayokunu Tajudeen Sowemimo and Arjun Thadani. "They are very ostentatious and have nice gardens. Mr. Sayyu I. Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). Privacy Policy | 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. 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. The source of his wealth has been easily traced to his business dealing in the telecom and oil sector. He is widely regarded as the presumed winner of the 1993 presidential elections. Corlay Global S.A. and SID Holdings Group are among other companies owned by MRS Holdings and Dantata. Ten of the richest businessmen in Ethiopia most of whom youve likely never heard of, Abdul Samad Rabiu becomes Nigerias second-richest man, net worth surges above $7 billion, African billionaire heirs are making their mark in philanthropy, Billionaire mining mogul Patrice Motsepe acquires luxury wine farm in South Africa, Egyptian billionaire Naguib Sawiris Orascom Investment sells stake in TWA in $35-million deal, Mohammed Akoojees Imperial Logistics partners with UbiPharm to create Africas largest healthcare distribution network, Sam Darwishs IHS Towers to acquire tower assets in Brazil in $315-million deal. Afrex Sal is a client company for Dantata and Dangotes Ovlas Trading based in Monaco France. Exclusive shops include the handbag purveyor Zashadu, the high-fashion clothier named for the Nigerian designer Ejiro Amos Tafiri, and the functional/fashionable clothing designs of Grey. It's definitely different playing mixed polo but I love it.". On his part, Mr. Sowemimo owns 15,000 share units in Capital Development Solutions Limited which is a client company to Orion House Services (HK) Limited operating in Samoa. However, this did not happen. 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. 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. Buyers have a choice of two- to four-bedroom en-suite flats, maisonettes and terrace houses, added Charles Onyenze, an associate at Knight Frank. Sayyu Dantata, billionaire cousin of Africa's Richest person Aliko Dangote, has launched a $450 million lubricant plant in Lagos through Bestaf Lubricant Limited. Below is a list of 9prominent Nigerians who live on Banana Island as well as those who own properties on it. I tried my best. "I don't know what happened in that last chukker," Dantata said. Residents also are attracted to the high-tech infrastructure on the island thats not available in the rest of the country. Owners create Shell companies for a host of dodgy business reasons. Beauty and seclusion set Banana Island apart. For additional information on our products/services or our industry expertise, please visit the appropriate page on our site. Samoa is one of the various countries used as tax havens by large corporations. As a result, LVMHs pursuit of Cartier may not yield the expected outcome. Despite the famine in Kano in 1914, he quickly dominated the groundnut purchasing business via promotions, loans and contacts. 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. 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. 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