Its' mission is to provide individuals opportunities in polo at every economic and ability level. It is dedicated to teaching polo to all ages, particularly grass roots youth. We only incorporate companies, which just about everyone acknowledges is important, and something thats critical in ensuring the global economy functions efficiently. Nigerian businessman Sayyu Dantata, a cousin of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. That means the businessmen simply resold the shares back to themselves. This started in 2009 and he has gone on to be named the richest man in Africa; year after year. Dantata, who is Dangote's stepbrother, is the founder and chairman of MRS Holdings Company Limited. 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. He graduated in 1979 with a Bachelor of Science degree in Accounting and has been said to have a net worth of N10 trillion. In providing those services, we follow both the letter and spirit of the law. Expect to see much more of him this year. "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. According to documents available to Premium Times, on the same day, Dangote was re-issued a higher number of shares 250,000. The contact numbers listed on MRS Holdings website failed to connect the several times our reporter called. Correction: An earlier version of this text stated that Sayyu Dantata is Aliko Dangotes cousin. 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. Samoa is one of the various countries used as tax havens by large corporations. 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. "Then he gave her to me. Yes! 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. Dantata and his brothers were held for ransom, under the threat of slavery. In 195354 he became a licensed buying agent, which allowed him to sell directly to the Nigerian Groundnut Marketing board instead of another firm. That happened on October 12, 2012. In 2012, her blog was worth $1.2 million. More:Abu Dhabis Al Reem Island Is a (High-End) Work in Progress. Our reputation is paramount to us and we are conscious of the downside of it. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. As a result, LVMHs pursuit of Cartier may not yield the expected outcome. 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. 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. It's definitely different playing mixed polo but I love it.". 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. His mother, who had never remarried, died in Accra around 1908. 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. They include Ola Rosiji, a shareholder of Excalibur Holdings Services Incorporation; and Alex-Duduyemi Oyekunle, a traditional chief known as the Aro of Ife Kingdom. Scholarships are available. 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 . [citation needed], By 1922 Dantata had become the richest businessman in Kano, surpassing other merchant traders. For art, residents head to Ikoyi, which is five minutes away by car. 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. February 8, 2023 Important Sales Tips for Selling an Old Home; February 6, 2023 Essential Tips for Dealing with Difficult Landlords; February 5, 2023 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. Their company, MRS Oil and Gas, was re-issued 500,000 shares. Of the three condo developments, Ocean Parade is considered the most top-notch, she said, because of its many amenities, which include tennis courts, an Olympic-size pool, two gyms and childrens areas. 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. 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. I've been playing her and it will be my second winter with her. Some of those named in that global investigation were found to have concealed their identities for years and using codes perhaps to shake off tax authorities from accounts, some of which held illicit assets from criminals, traffickers, arms dealers and other outlaws. 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. 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. ", More:Fiesole, Italy, Offers a Village Feel Just Outside Florence. Nigerian billionaire, Aliko Dangote owns the Dangote Group, which has interests in commodities. Some others set up shell companies to raise funds before starting operations, to attempt a takeover or as a front for an illegal business. He had substantial amounts of capital. Facebook. 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). 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 . that he used to purchase about half of all the nuts purchased by the United Africa Company in northern Nigeria. 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. Residents also are attracted to the high-tech infrastructure on the island thats not available in the rest of the country. - Sayyu Dantata - Son of Alhassan Dantata - the wealthiest man in West Africa at the time of his death in 1955.-Kola Abiola - son of MKO Abiola - prominent businessman, publisher and politician. Mr. Alhaji Sayyu Idris Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). 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. He implored them to continue to marry within the family as much as possible. 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. It remains unclear whether Dangote and his associates used their shell companies to buy any such service from Fonseca. [citation needed], Dantata was still a teenager when the great upheavals occurred in the Kano Emirate from 1893 to 1895. But he said that hes optimistic that "the economy will improve. [citation needed], In 1906, he began broadening his interests by trading in beads, necklaces, European cloth, and trade goods. Swimming pools, Ms. Nouboue said, are quite popular. 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. "Banana Island is a piece of heaven in the middle of noisy Lagos," said Ms. Nouboue, adding that the island has two parks. The newer ones are more modern, with straight angles, and they are less elongated because they are on less land. 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. 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. 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. 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. After her death he focused his attention on new opportunities in Lagos and Kano. 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. "Dantata plans to move up into 12-goal league play in February, he said. Dangote, alongside his half brother, Sayyu Dantata, the founder of MRS Holdings (a leading West African oil-marketing firm, which acquired Chevron-Texacos downstream assets in 2007) bought equal shares of 12,500 each from OVLAS S.A, a shell company registered in Seychelles, on October 6 2003. 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. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. 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. Dantata could not be reached. 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. //]]> ALHAJI SAYYU DANTATA is a mechanical engineer by training having attended the Morris Brown College in Atlanta, Georgia, USA. "Its a beautiful concept store designed by architect David Adjaye, and it has everything from fashion to furnishings," she said. View profiles of the MRS board and our executive management team. After a rest of only one day, she took him to a mallam and asked Dantata to stay there until he was ready to return to Bebeji. He traded in cattle, cloth, beads, precious stones, grains, rope and other things. Marshan Offers the Very Best of Tangiers Enduring Allure, Glasgows Pollokshields Has Mansions, Green Spaces and an Artsy Vibe, Fiesole, Italy, Offers a Village Feel Just Outside Florence, Ultra-Low-Mileage Bugatti to be Auctioned in Paris, Comporta, a Portuguese Village Where the Well-Heeled Go for Some Privacy, Abu Dhabis Al Reem Island Is a (High-End) Work in Progress, The Beach is Always Close in Cottesloe, by Perth, Australia, identical twins Peter and Paul Okoye, aka P-Square, Click for more profiles of high-end neighborhoods around the world, Home to Hobarts Millionaires Row, Sandy Bay Offers Waterfront Living and Walkability, Londoners Pay a Pretty Penny to Live in Holland ParkHome to Summer Opera, Grand Mansions and Victoria Beckham, In Eclectic Tel Aviv, Everything in Park Tzameret Is Shiny and New. It was a super fun team. They paid it and Dantata returned to the trading business without his family lands around Kano. Tumblr. He holds aBachelors degree in Economics from the ParisAcademy and has been with the MRS Groupsince 2004. They work for multinationals as well as the mega mobile-network operator Etisalat Nigeria; Airtel Nigeria, the provider of prepaid, postpaid mobile and 4G services; Ford Foundation Nigeria, a nonprofit whose mission is to advance human welfare; and the law firm of Olaniwun Ajayi & Co., which all have headquarters there. Dangote has been repeatedly listed by Forbes for his wealth. Oriental Weavers is a leading carpet manufacturer and distributor. In a notice sent to the Nigerian Stock Exchange (NSE), the management of MRS Oil said Dantata . Tukur was his son. PPPRA Linda is Nigerias celebrated and most popular blogger. Mr. Sayyu I. Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). 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. Dantata stated that the plant will not only generate foreign exchange for the country through product exports but also meet the needs of neighboring countries. First Avenue in the north and Second Avenue in the sound merge and run around its perimeter. Staff Login ", More:Click for more profiles of high-end neighborhoods around the world. 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. The lubricant plant comes with a capacity to produce as many as 1,700 different products in the petroleum chain. This drop was driven by an increase in raw material costs as well as a surge in both production costs and operating expenses. However, in recent years the founder of MRS Holdings has been spick and spank. Every time I see horses I just want to go and spend time with them. Securely share information with Africa's finest journalists. 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. . Staffs hail billionaire Sayyu Dantata, as he personally flies his chopper to work to beat the Apapa traffic, today, in Lagos. Mariya Dantata also has a registered location at Plot 70, Sharada Industrial Area, Phase 3, Kano, Nigeria. As in the rest of the country, real estate prices on Banana Island are based on the value of the land, which according to Roberta Nouboue, managing director of Madingwa Real Estate, is NGN400,000 (US$1,101 per square meter). [citation needed], Dantata was already familiar with the manner by which traders could make fortunes by buying cocoa for Europeans in the Gold Coast. [1][2] He is the great-grandfather of Aliko Dangote, the wealthiest person in Nigeria and Africa. Documents show Dantata never sold, transferred his shares or ceased to be a shareholder till date. Banana Islands electrical and water systems are underground, theres a central sewage system and treatment plant as well as street lighting and satellite telecommunications networks. Dantata serves as a Director of Hydro Alternative Energy, Inc. and has been a Non-Executive Director of Nigerian Telecommunications Limited since August 2008. 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. We generally think that death is the equalizer of all men and that we will all answer to God. [3] Both his parents were wealthy Agalawa, a hereditary group of long-distance traders in the Hausa empire. In 2015, her net worth was estimated to be between N1.5 billion and N2 billion. GB Auto is a Cairo-based automaker led by the family of the late Egyptian auto tycoon Raouf Ghabbour. However, Richemonts biggest market, Asia-Pacific, including sales from mainland China, experienced a seven-percent decline at constant rates due to the COVID-19 pandemic. They are frequently used to shield the identities of owners and/or to hide money. Over the past few years, her net worth has been a subject of heated debate. "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. He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. Marco ensures that all activities carried out in the terminals, areperformed according to highest international standards (API,Ocimf, Isgott). Grand Champions Polo Club13444 South Fields RoadWellington, FL 33414. Ms. Nouboue said that Eko Atlantic City, a 10-district, 10-square-kilometer luxury high-rise community being constructed on Victoria Island on land reclaimed from the Atlantic Ocean, has created a sea change in the Banana Island market even though only the first buildings have been completed. 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. It was the first time he played against polo great Adolfo Cambiaso. ", 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. is a great place to go on Friday nights," she said. Basically, the [] 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. Among those accounts were that of Dangote, who became an HSBC private account client in July 2003. and was honoured by the Federal Government of Nigeria with the title of the Grand Commander of the Order of the Niger. He had the good sense to employ Alhaji Babba Na Alhassan who served as his chief accountant and Alhaji Garba Maisikeli as his financial controller for 38 years. 2023 Billionaires.Africa. As was the tradition, the bulk of his earnings went to his mallam. Tinubu owns a growing list of properties in Lagos (over 22) and Abuja including his property on Banana Island. Their company MRS Oil and Gas was re-issued 500,000 shares. . He is a graduate of Mechanical Engineering from Morris Brown College Atlanta- Georgia, USA. After her husband's death, she decided to leave Bebeji for Ghana, where she had commercial interests. But the habits of people change. Alhaji Dantata started his career as Director of the Engineering and Transport Division of Dangote . [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. 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. Feel just Outside Florence head to Ikoyi, which has interests in commodities a Bachelor of degree! 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