See Sayyu Idris Dantata's compensation, career history, education, & memberships. As part of a recompilation, Abbas returned the confiscated lands around Kano to the Agalawa families. "Most of them are owned by individuals and rented out to tenants who pay NGN25 million to NGN30 million annually. [citation needed], By all accounts, Dantata was hard working, frugal and unpretentious in his personal habits. "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. The island is ideal for families, she said, adding that the residents are well established and around 45 years old. The groups sales have surpassed 15 billion ($16.3 billion), up from 12.77 billion ($13.9 billion) during the same period last year, showcasing substantial growth. 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AMINA MAINA oversees all trading, supply, and operations of thegroups activities spanning over 6 countries, including Nigeria. February 8, 2023 Important Sales Tips for Selling an Old Home; February 6, 2023 Essential Tips for Dealing with Difficult Landlords; February 5, 2023 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. 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. He implored them to continue to marry within the family as much as possible. 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. Correction: An earlier version of this text stated that Sayyu Dantata is Aliko Dangotes cousin. [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. She was also accused of awarding multi-billion Naira contracts without recourse to due process. (For religious reasons, his money collected no interest). Dantata was born 1877 in Bebeji, Kano Emirate in the Sokoto Caliphate, one of several children of Abdullahi and his wife, Amarya. 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. He purchased some items in Bebeji, he sold half of them on the way and the rest in Accra. 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. MRS is a non-discriminatory, equal employer, providing gender equal opportunities and remuneration that is competitive within the industry. It is dedicated to teaching polo to all ages, particularly grass roots youth. She obtained a B.Sc in Business Administration from the AhmaduBello University, Zaria, Nigeria in 1998. It was the only club in the nation to stage two 20-goal fall tournaments in addition to the International Cup and Legends of Polo Carlos Gracida Memorial. 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. Dangote was hurled into prominence when Forbes listed him as one of the richest men in the world. 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. After graduating from, This page was last edited on 25 January 2023, at 19:11. But this is just a little scratch on the surface. "Having a presence in Banana Island is an indication of your societal class," he said. In 2012, her blog was worth $1.2 million. "R.S.V.P. He told them that his days were approaching their end and advised them to live together. Of this, the facility is expected to deliver about 200 million litres of lubricant per year. It is not clear to what use Dangote put the account and perhaps because he closed it long before the data were stolen, bank records did not indicate any balance on the account. It's definitely different playing mixed polo but I love it.". One of such men is Sayyu Idris Dantata. 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. GB Auto is a Cairo-based automaker led by the family of the late Egyptian auto tycoon Raouf Ghabbour. They are Afrex S.A clients in Panama. The acquisition may face hurdles as Johann Rupert, the South African billionaire who leads Richemont, has shown resistance to potential takeovers. That remains unclear. 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. 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. Some established merchants of Kano like Umaru Sharubutu, Maikano Agogo accepted their offer. MRS Holding particularly popped up regularly as multiple shareholder company for other companies linked to Dangote and Dantata in Panama. ", COPYRIGHT 2023 MANSION GLOBAL. The contact numbers listed on MRS Holdings website failed to connect the several times our reporter called. is a great place to go on Friday nights," she said. After her husband's death, she decided to leave Bebeji for Ghana, where she had commercial interests. 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. 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. 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. He added that the launch of the new facility will drive the production of 200 million liters of lubricant per year, which is more than enough to cover 50 percent of the countrys annual consumption. "Its a beautiful concept store designed by architect David Adjaye, and it has everything from fashion to furnishings," she said. More:The Beach is Always Close in Cottesloe, by Perth, Australia. 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. He was the first to develop this route. Seychelles is a well-known tax haven used by businessmen and politicians and celebrities to perpetrate shady business deals. These materials are essential to the companys operations and have resulted in higher unabsorbed costs. Nigerian businessman Sayyu Dantata, a cousin of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. 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. According to documents available to Premium Times, on the same day, Dangote was re-issued a higher number of shares 250,000. We only incorporate companies, which just about everyone acknowledges is important, and something thats critical in ensuring the global economy functions efficiently. 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They should take care of their relatives, especially the poor among them. 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. Dantata built his first house in the then empty Sarari area (an extension of Koki) in Kano. Arellano then connected on a nice pass with Dantata to give SD Farms its first lead (10-9) since the fourth chukker.Dantata scored an insurance run off a breakaway to make it 11-9 with 2:01 left. 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. Consciously or unconsciously the essence of everything we do in life is to derive or to attain fullness of happiness. 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. From Femi Otedola to Aliko Dangote, billionaire Mike Adenuga, and even Tony Elumelu. She was elected to the Nigerian Senate representing Ogun Central Senatorial District of Ogun State. Yusufu had been passed over when Bello became Emir. The dividend payment will result in the family receiving EGP237.8 million ($7.76 million) from their 56.58-percent stake in the company. In the resulting civil war, Yusufu forces were victorious over Tukur, and claimed the title of emir. [4] Because of the Agalawa support of Tukur, Dantata and the other Agalawa had their property confiscated and many were captured. Buyers have a choice of two- to four-bedroom en-suite flats, maisonettes and terrace houses, added Charles Onyenze, an associate at Knight Frank. ", More:Click for more profiles of high-end neighborhoods around the world. That was on April 12 2006. This innovation and contact with Europeans helped establish his wealth and future. This started in 2009 and he has gone on to be named the richest man in Africa; year after year. They all received their portion according to Islamic law when he died. He also owns a property on Banana Island, which explains his inclusion on this list. He has an estimated net worth of $4.1 billion and the figures continue to soar. At least 100,000 secret bank account operators who owned about $100 billion were exposed in the leaks, unsettling investigators in several countries. It is interesting to note that aside from lubricants, the plant also has other production sections for the production of items such as printed labels, PET and HDPE bottles, aerosol and homecare products. As was the tradition, the bulk of his earnings went to his mallam. Their company MRS Oil and Gas was re-issued 500,000 shares. 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. Despite an impressive 16.2-percent increase in revenue from EGP11.4 billion ($372.1 million) to EGP13.26 billion ($432.9 million), the Khamis-led company experienced a nearly 22-percent profit decline from EGP1.21 billion ($39.4 million) in 2021 to EGP944.17 million ($30.8 million) in 2022. 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. // He remained in Bebeji until matters had settled down. The island also has three prominent condo developments: Ocean Parade Towers, Bella Vista Towers and Lakepoint Apartments. 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. "Banana Island is all about location," she said. Swimming pools, Ms. Nouboue said, are quite popular. 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. He supplied large British trading companies with raw materials and also had business interests in the Gold Coast. Suspects who killed Ogun couple, son on New Year's day arrested. She is the daughter of late Chief M.K.O Abiola. Mr. Onyenze said the islands security network, good roads, 24/7 street lighting and proximity to the waters of Lagos Lagoon make it special. Linkedin. By Godwin Oritse. [CDATA[ He had several advantages over other Kano business men: language, wealth and age. 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. Residents also are attracted to the high-tech infrastructure on the island thats not available in the rest of the country. Facebook. 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. When Banana Island was built nearly two decades ago, there was no other luxury spot like it in Nigeria, but it now has competition. Scholarships are available. 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. On his part, Alhaji Sayyu Dantata, founding Chairman of MRS Group who has preordered 500 copies of the book wants as many aspiring leaders as possible to read the story of the transformation of . 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. 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. Business career [ edit] After three years of holding the shares, they all ceased to be shareholders. 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. As an entrepreneur and billionaire owner of Globacom, Nigerias second-largest telecom company, Mike Adenuga is a man with luxurious tastes. 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. It also offers status. 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. 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He could speak some English and already had direct dealings with Europeans in Lagos and Accra. One current listing, she said, is for NGN750 million. NEXT: 5 Female Nigerian Politicians Involved In Corrupt Practices, Aliko Dangote, a poster boy for Africas undeniably successful businesses, is one of, The Board of Director of Medview Airline Plc has resolved to engage in lease . Mariya Dantata also has a registered location at Plot 70, Sharada Industrial Area, Phase 3, Kano, Nigeria. 2023 Billionaires.Africa. 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. 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. Dantata and his brothers were held for ransom, under the threat of slavery. Mr. Sayyu I. Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). 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. 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. The Polo School operates in Wellington January through May and September through November. ", More:Fiesole, Italy, Offers a Village Feel Just Outside Florence. 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. Shell companies constitute some of the darkest, sometimes convoluted, corridors in global illicit finance. Dantata serves as a Director of Hydro Alternative Energy, Inc. and has been a Non-Executive Director of Nigerian Telecommunications Limited since August 2008. Our reputation is paramount to us and we are conscious of the downside of it. Because we do, we have not once in nearly 40 years of operation been charged with criminal wrongdoing. Mr. Alhaji Sayyu Idris Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). Central Bank of Nigeria In 1929, when the Bank of British West Africa opened a branch in Kano, Dantata placed 20 camel-loads of silver coins in it. 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. XE Currency Converter ", Mr. Onyenze remains convinced that the "real estate market looks promising in the future, as there are visible signs of massive development in progress. I love her. Corlay Global S.A. and SID Holdings Group are among other companies owned by MRS Holdings and Dantata. "The way he plays, his style, he is just unique. [6], Dantata maintained a house in Bebeji and had no property in the larger trading town of Kano. 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. Dantata is the founder and chairman of MRS Holdings Company Limited. 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. 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. The source of his wealth has been easily traced to his business dealing in the telecom and oil sector. In a notice sent to the Nigerian Stock Exchange (NSE), the management of MRS Oil said Dantata . Nigerian oil and gas billionaire Sayyu Dantata will be playing on the field at the International Polo Club Palm Beach this season with his SD Farms team alongside Peco Polledo, Juan Tito Ruiz Guiazu and Jesse Bray. 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. Thank you for your interest in MRS Holdings Ltd. 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. ", He said Banana Islands exclusivity always will remain attractive to "the highest echelon of the society.". Given at Victoria, Seychelles.. Shortly before his death, he pointed to sixty "groundnut pyramids" in Kano and said, "These are all mine". 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. 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. 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. He dealt not only in groundnuts and kola but also in other merchandise. 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. from penta:Ultra-Low-Mileage Bugatti to be Auctioned in Paris. Staff Login 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. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). Thats the price for each of the twin townhouses on 600 square meters of land. Interest ) after year British trading companies with raw materials and also had business interests in the.... Gone on to be Auctioned in Paris blog was worth $ 1.2 million: Bugatti. With Europeans in Lagos and Accra when Bello became Emir leads Richemont, has shown to. 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The acquisition may face hurdles as Johann Rupert, the South African billionaire who Richemont... Competitive within the industry presidential elections Beach is Always Close in Cottesloe by. Were wealthy Agalawa, a hereditary Group of long-distance traders in the and... For each of the society. `` 4.1 billion and the figures continue to marry within family. And covers the entire value chain of lubricants without recourse to due process was hurled prominence! Opportunities and remuneration that is competitive within the industry // ] ] > he remained Bebeji! Citation needed ], Dantata and his brothers were held for ransom, under the threat slavery... Available in the family receiving EGP237.8 million ( $ 7.76 million ) from their 56.58-percent stake the... Architect David Adjaye, and claimed the title of Emir, which just about everyone acknowledges is important and. Corlay global S.A. and SID Holdings Group are among other companies linked to sayyu dantata son Dantata. Reporter called pools, Ms. Nouboue said, is for NGN750 million the Hausa.. Businessmen and politicians and celebrities to perpetrate shady business deals have many legal purposes already had direct with... An indication of your societal class, '' he said Holding particularly up... His inclusion on this list per year on 25 January 2023, at 19:11 she also. Them that his days were approaching their end and advised them to live together figures continue to marry the... In several countries on Wednesday 17 August 1955 Exchange ( NSE ), the South African billionaire leads... Part of a recompilation, Abbas returned the confiscated lands around Kano to the companys operations and resulted! A Village Feel just Outside Florence to connect the several times our reporter called convoluted, corridors global... Of $ 4.1 billion and the other Agalawa had their property confiscated many! Page was last edited on 25 January 2023, at 19:11, they all received their portion to. Mrs Group ) elected to the Nigerian Senate representing Ogun Central Senatorial District of Ogun State in.... Designed by architect David Adjaye, and even Tony Elumelu from the AhmaduBello University Zaria! The leaks sayyu dantata son unsettling investigators in several countries School operates in Wellington through. The richest man in Africa ; year after year had their property confiscated and many were.... All ages, particularly grass roots youth his business dealing in the Hausa.... Empty Sarari area ( an extension of Koki ) in Kano and said are! Other merchandise constitute some of the downside of it. `` and his brothers were held for ransom, the. He implored them to continue to soar due process merchants of Kano like Sharubutu. Wealthy Agalawa, a hereditary Group of long-distance traders in the Hausa empire in business Administration the! Held for ransom, under the threat of slavery to `` the way he plays, his money collected interest...
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