Also, the Dantata family through marriage and credit extension is linked with a few independent trading families in Kano and Northern Nigeria. No doubt the addition of Bestaf Lubricant Plant to the pool of already existing plants and brands is a big boost to the nations economy, and the man behind it all, Sayyu Danatata, certainly has his eyes set on the mega bucks. From the look of things Lagos road hold up will now switch to airspace hold up. There have been many instances where the wealthy in Nigeria 'oppress' their poor neighbours with their wealth,. 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. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. He supplied large British trading companies with raw materials and also had business interests in the Gold Coast. The billionaire recently launched Bestaf Lubricant Plant, a subsidiary of MRS Group. Olivera led Mashomack with a team-high five goals. He has been a Non-Executive Director of Nigerian TelecommunicationsLimited since 2008. 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. Dantata owns MRS Petroleum. [READ MORE: Caverton releases statement following VPs crash landing], Staff hail billionaire #SayyuDantata, as he personally flies his chopper to work to beat the #Apapa traffic, today, in Lagos, A post shared by Instablog9ja (@instablog9ja) on Jun 25, 2019 at 12:00pm PDT. 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Lastly, Sayyu Dantata, you must have heard this name before, Dantata is one of the popular rich men in Nigeria and the name always ring a bell even to those that haven't seen him before. At that time, the Nigerian government was the sole importer of diesel and there were shortages of the product largely. He is the Director of Engineering . 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. Dantata was also charitable, by 1963, he was spending about 40,000 pounds each year in credit to friends and the poor and provided funds to each of his children and in-laws. Yes! 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. He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. Prior to establishing the MRS Group, Sayyu had worked with the Dangote Group as director of the engineering and transport division. Earlier this month, he received Nigerian Central Bank approval to invest $4 billion outside the country. 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. This page is not available in other languages. His father left a will to be shared among his nineteen children and three wives following Maliki law. However, by 1980, he had relinquished some of his business interest to his sons, including the eldest, Abdulkadir Sanusi Dantata, who co-founded Dantata and Sawoe and Asada Farms.[2]. 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. 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. Sign up with your email address to receive news and updates. ALHAJI SAYYU DANTATA is a mechanical engineer by training having attended the Morris Brown College in Atlanta, Georgia, USA. Biggest asset: $12.1 billion (market cap) Dangote Cement. View profiles of the MRS board and our executive management team. He has also served as a Director at Transnational Corporation of Nigeria Plc. The 200-million-liter lubricant plant is the first of its kind in West Africa and covers the entire value chain of lubricants. 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. It was a super fun team. Their company MRS Oil and Gas was re-issued 500,000 shares. Samoa is one of the various countries used as tax havens by large corporations. The value of the shares is based on prices at the end of trading on August 9, 2011. He started his career as Director of the Engineering and Transport Division of Dangote Group, the biggest Nigerian conglomerate. Net Worth: $300 million. 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. 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. 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. But this is just a little scratch on the surface. Diezani was charged with responsibility for $20 billion missing from the Petroleum agency. It remains unclear whether Dangote and his associates used their shell companies to buy any such service from Fonseca. Hippy Chic, a Chestnut mare owned and played by Hope Arellano in the second chukker, was Best Playing Pony. 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). Download Opera News APP, By studio.opera.com (self media writer) | 2 years ago. Correction: An earlier version of this text stated that Sayyu Dantata is Aliko Dangotes cousin. Others like Sayyu Dantata however are the new kids on the block. Like in the case of Ovlas S.A, Mr. Dangote suddenly ceased to be shareholder. 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. The group's operations span several West African countries, including the Benin Republic, Togo, Cameroon, and . About Sayyu Dantata: Alhaji Sayyu Idris Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd, formerly known as the MRS Group. 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. 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. 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. 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. Ancestors and Heritage Dantata's father was Abdullahi, a man from the village of Danshayi, near Kano. 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. Staff Login LAST CORPORAL (@ridwan_ashafa) June 25, 2019. 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. Previously, he worked as a journalist at Nairametrics. harunawaleed (@harunawalid) June 25, 2019, [READ ALSO: Is Forte Oil Plc considering changing its name following acquisition?]. It was the first time he played against polo great Adolfo Cambiaso. 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 way he plays, his style, he is just unique. Some people even joked that Lagos may soon start experiencing air gridlocks if these billionaires continue flying their helicopters around. An engineer by profession, he started his career as the transport director with his uncles company and rose through the organization. READ ALSO: Oando announces resignation of Non-Executive Directors amidst managerial crises, Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |. He was a director of the Nigeria branch of Shell B.P. She was also listed as Nigerias Highest Paid Blogger by Forbes in August 2016. 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. The companys operations span several West African countries including Benin Republic, Togo, Cameroon and Cote DIvoire. 1 Like 1 Share Re: Owner Of The Mansion Chris Brown Stayed In Nigeriaby RickyRoss1(m): 11:27pmOn Dec 25, 2012 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. He started his career as the transport director with the Dangote group, one of Nigeria leading conglomerates and rose through the organization. has changed its name and is now incorporated under the name of PETROWEST S.A. on this 27 day of April 2011. It is dedicated to teaching polo to all ages, particularly grass roots youth. Nigeria, Africas most populous nation, is home to some of the richest men on the continent. According to documents available to Premium Times, on the same day, Dangote was re-issued a higher number of shares 250,000. He has an estimated net worth of $4.1 billion and the figures continue to soar. The Polo School operates in Wellington January through May and September through November. "He is amazing, he is different than anybody I have seen," Dantata Jr. said. Dantata is the founder and Chairman of MRS Holdings Company Limited. He did this to beat the normal gridlock on the road. Sayyus personal interest is listed as Polo Games and uplifting the people. MARCO STORARI manages all aspects of oil storage terminalsoperations at MRS Terminals in West Africa which is over 350,000m3 storage depots. In addition to Dantata Jr., Hope Arellano had three goals and Peco Polledo added two goals. Oluwa shine ur blessing on me. "I am happy I won," Dantata Jr. said. Linda is Nigerias celebrated and most popular blogger. 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. However, he was forced to sell much of the transport and cattle business by 1947 and later added on real estate. Tundun leads a largely quiet lifestyle with the exception of rare appearances at social events. Nigerian businessman Sayyu Dantata, the stepbrother of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. They are Afrex S.A clients in Panama. 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? While other people's fortunes wax and wane according to. 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. 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. Press, 1997. p 65-70. Honeywell Flour Mills: Owns stake worth N 4.8 billion ($32million), First Bank: Owns stake worth N4.79 billion ($31.3 million). He has been tagged the most successful politician in Lagos State. The chunk of his wealth is believed to have been inherited from his father. Documents show Dantata never sold, transferred his shares or ceased to be a shareholder till date. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. He holds aBachelors degree in Economics from the ParisAcademy and has been with the MRS Groupsince 2004. 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. Will Apollo Offer THG a Route Out of Its Troubles? In the 1960s, he was the largest licensed produce buying agent of groundnut in Nigeria. 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. p 209. Many people using offshore companies do so legally and offshore companies indeed have many legal purposes. Africa's Business Space At Your Finger Tips! [CDATA[ 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. There after he started his own business and currently sits as the Chief Executive Officer of the MRS Group. 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. 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. -Kola Abiola - son of MKO Abiola - prominent businessman, publisher and politician. Below is a list of 9prominent Nigerians who live on Banana Island as well as those who own properties on it. Leave Application 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 . One of such men is Sayyu Idris Dantata. Mechanical Engineering from Morris Brown College Atlanta- Georgia, USA. "Then he gave her to me. Hermans and Bollini each had two goals and Monteverde added one.Dantata was coming off Thursday's Sterling Cup semifinal loss to Valiente. Mr. Alhaji Sayyu Idris Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). Dangote is pursuing international expansion. Opinions expressed by Forbes Contributors are their own. "I love playing with my brother. Please contact us using the information below. and founder of Sanusi Dantata and sons limited. While a vast majority of Nigerias wealthiest businessmen spurn the capital markets, preferring to build their fortunes through privately-held companies, the Nigerian Stock Exchange still accounts for a substantial portion of the wealth of a number of the countrys richest individuals. Limited since 2008. 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. The business magnate also served as a Director at MRS Holdings Ltd and Transnational Corporation of Nigeria Plc. He also owns a property on Banana Island, which explains his inclusion on this list.
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