Prior to foundingMRS in 1995, Alhaji Dantata was the Director ofDangote Transport (Dangote Group), Lagos,Nigeria. "I love playing with my brother. 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. Diezani was, however, not officially charged or tried for these allegations and has strongly denied any wrongdoing. 2023 Billionaires.Africa. This highlights the substantial value creation and significant untapped potential at GB Capital, which is one of the groups operating subsidiaries. He was the first to develop this route. She obtained a B.Sc in Business Administration from the AhmaduBello University, Zaria, Nigeria in 1998. [8], In 1955, Dantata fell ill. Because of the seriousness of his illness, he summoned his chief financial controller, Garba Maisikeli and his children. In addition to Nigerias wealthiest people, Banana Island draws a variety of ex-pats from the United States, Britain, Lebanon, India and France. "They are very ostentatious and have nice gardens. 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. 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. 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. 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. As an industry leader under the control of the Egyptian Ghabbour family, GB Auto has grown significantly over the years. 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. 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. XE Currency Converter Alike Dangote's stepbrother Sayyu Dantata launches $450-million lubricant plant in Lagos. The surge in sales can be attributed to the rise in sales in Japan, which soared from less than 855 million ($929 million) in 2022 to almost 1.29 billion ($1.4 billion), along with better-than-expected sales in Europe, despite geopolitical tensions sparked by the Ukraine war. 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. Details available show that the plant has the capacity to produce about 50 percent of Nigerias lubricant consumption, which today stands at about 364 million liters. More:Abu Dhabis Al Reem Island Is a (High-End) Work in Progress. Ms. Nouboue also praised Alara, the Victoria Island shop that celebrates African craft. More:The Beach is Always Close in Cottesloe, by Perth, Australia. The most expensive listing now on the market, NGN5 billion, is for a six-bedroom detached house on 2,600 square meters of land, she said. [7], In 1912, when the Europeans started to show an interest in the export of groundnut, they contacted the already established Kano merchants through Emir Abbas and their chief agent, Adamu Jakada. 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. 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. The source of his wealth has been easily traced to his business dealing in the telecom and oil sector. GB Auto is a Cairo-based automaker led by the family of the late Egyptian auto tycoon Raouf Ghabbour. We only incorporate companies, which just about everyone acknowledges is important, and something thats critical in ensuring the global economy functions efficiently. Were proud of the work we do, notwithstanding recent and willful attempts by some to mischaracterize it.. This innovation and contact with Europeans helped establish his wealth and future. Nigerian billionaire, Aliko Dangote owns the Dangote Group, which has interests in commodities. [4] Because of the Agalawa support of Tukur, Dantata and the other Agalawa had their property confiscated and many were captured. Dantata started his career as Director of the Engineering and Transport. 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. After her death he focused his attention on new opportunities in Lagos and Kano. Mr. Sayyu I. Dantata is the Founder and Chief Executive Officer 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. I've been playing her and it will be my second winter with her. It is a clear indication that, despite the challenges posed by the global pandemic, Nigerian businessmen and captains of industries are determined to continue investing in and developing the countrys economy. 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. [1][2] He is the great-grandfather of Aliko Dangote, the wealthiest person in Nigeria and Africa. PPPRA Bollini scored the final goal with six seconds left. ", 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. Iyabo Obasanjo, the daughter of Nigerias former President Olusegun Obasanjo also resides on Banana Island. Anil Kumar Ahluwalia, whose company name is Santosh Investment Limited S.A is connected to a Panama shell company called Lotus Trust Services Sarl. Dantata, who is Dangote's stepbrother, 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. The acquisition may face hurdles as Johann Rupert, the South African billionaire who leads Richemont, has shown resistance to potential takeovers. At the time of his death he was the wealthiest man in West Africa. Mike Adenuga, the billionaire owner of Globacom, the countrys second largest telecom operator and of the oil exploration firm Conoil, lives on the island, according to Ms. Nouboue and published reports. 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. 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. and founder of Sanusi Dantata and sons limited. However, it was not granted because of worldwide military and economic conditions. Her home is currently valued at N800 million. Staffs hail billionaire Sayyu Dantata, as he personally flies his chopper to work to beat the Apapa traffic, today, in Lagos. Yusufu received his religious training from Qaadiriyya schools. She left the children in Bebeji, in the care of an old slave woman named Tata. ", Mr. Onyenze remains convinced that the "real estate market looks promising in the future, as there are visible signs of massive development in progress. As was the tradition, the bulk of his earnings went to his mallam. ", More:Fiesole, Italy, Offers a Village Feel Just Outside Florence. They paid it and Dantata returned to the trading business without his family lands around Kano. Rated as a 2-goaler in the U.S., he saw some action on the field at IPC last season. "Having a presence in Banana Island is an indication of your societal class," he said. 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. ", He said Banana Islands exclusivity always will remain attractive to "the highest echelon of the society.". However, he is revered in the growing Nigerian polo community as a patron and also ranks as a strong player. Bola Ahmed Tinubu popularly known asJagabanis a former Lagos State Governor (1999-2007) and astute politician. 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. 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. Suspects who killed Ogun couple, son on New Year's day arrested. Tukur received his religious training from a Tijaniyya scholar and received the support of the Agalawa. Like in the case of Ovlas S.A, Mr. Dangote suddenly ceased to be shareholder. 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. Sayyu Dantata. And nearly every house has a gym, she added. Nigerian is a Nigerian politician and the first female President of OPEC. Nigerian businessman Sayyu Dantata, a cousin of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. In 195354 he became a licensed buying agent, which allowed him to sell directly to the Nigerian Groundnut Marketing board instead of another firm. It is dedicated to teaching polo to all ages, particularly grass roots youth. "Victoria Island is like Manhattan," Ms. Nouboue said. 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. 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. 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. In 1929, when the Bank of British West Africa opened a branch in Kano, Dantata placed 20 camel-loads of silver coins in it. "Banana Island is all about location," she said. One of such men is Sayyu Idris Dantata. Pinterest. However, in recent years the founder of MRS Holdings has been spick and spank. 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. Her home is unarguably the most talked-about property on Banana Island owing to her status as a celebrity blogger. 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. 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. 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. "Its elegant, and they invite the biggest DJs in the world. "Most of the owners of single-family homes live here full time, but they also have houses in the U.K. or the U.S..". "I am happy I won," Dantata Jr. said. 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. 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. "I don't know what happened in that last chukker," Dantata said. She lived in the United States for many years before finally relocating to Nigeria. Its' mission is to provide individuals opportunities in polo at every economic and ability level. 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. 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. Business career [ edit] Money laundering, billing schemes, fictitious service schemes, bankruptcy fraud, tax evasion, and market manipulation are some of the fraudulent activities facilitated by shell companies, several past investigations by ICIJ and this newspaper have shown. Because we do, we have not once in nearly 40 years of operation been charged with criminal wrongdoing. It was the first time he played against polo great Adolfo Cambiaso. 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. Their company, MRS Oil and Gas, was re-issued 500,000 shares. Afrex Sal is a client company for Dantata and Dangotes Ovlas Trading based in Monaco France. Richemont ranks as the fourth-largest luxury company globally, boasting a market capitalization of almost $79 billion. Twitter. Dantata serves as a Director of Hydro Alternative Energy, Inc. and has been a Non-Executive Director of Nigerian Telecommunications Limited since August 2008. Dantata did not manage from behind a desk but involved himself with his workers. 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. window.__mirage2 = {petok:"NU1XWiS0aIgqL2kNAZJSViJcfj6ZI_mmTiSkiHqpr5Y-3600-0"}; He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). Diezani was charged with responsibility for $20 billion missing from the Petroleum agency. and was honoured by the Federal Government of Nigeria with the title of the Grand Commander of the Order of the Niger. Her blog currently enjoys a daily visit of between 100,000 to 250,000 visits from over 180 countries. Mr. Onyenze said the islands security network, good roads, 24/7 street lighting and proximity to the waters of Lagos Lagoon make it special. He holds aBachelors degree in Economics from the ParisAcademy and has been with the MRS Groupsince 2004. In the resulting civil war, Yusufu forces were victorious over Tukur, and claimed the title of emir. Sayyu Dantata. LVMH Mot Hennessy Louis Vuitton, a leading luxury goods conglomerate helmed by French billionaire Bernard Arnault, is reportedly pursuing the acquisition of Switzerland-based luxury goods holding company, Richemont, led by South African billionaire Johann Rupert. "I just don't like to lose so I said lets go for Nigeria. "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. This strategic move aims to enhance the companys reputation and further expand its already significant presence in the market. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). PATRICE ALBERTI is currently the Vice Chairmanof MRS Group of Companies. 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. 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