That was on April 12 2006. He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. . Please contact us using the information below. He is largely regarded as being socially invisible and this stems from the low profile he has maintained over the years. 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. Given all these factors, he said Banana Islands exclusivity always will remain attractive to "the highest echelon of the society. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. PATRICE ALBERTI is currently the Vice Chairmanof MRS Group of Companies. Thats the price for each of the twin townhouses on 600 square meters of land. 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. Mr. Sayyu I. Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). 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. On this trip he also went to England and was presented to George V.[2] Dantata financed the pilgrimages of other Muslims to Mecca, a tradition that continues among his descendants. is a great place to go on Friday nights," she said. BILLIONAIRE businessman, Femi Otedola and Founder of MRS Group, Alhaji Sayyu Dantata, are some of the first set of Nigerian business leaders to pre-order the yet to be released . "Arellano got the opportunity to play with her brother Lucas, 20, who subbed for Dantata Sr. "It was so much fun today," Arellano said. The African Network of African Reporting Centres (ANCIR) contributed reporting for this story. It is dedicated to teaching polo to all ages, particularly grass roots youth. This literary means they resold the shares back to themselves. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. 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. Seychelles is a well-known tax haven used by businessmen and politicians and celebrities to perpetrate shady business deals. 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. 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. founder and chairman of MRS Holdings Company Limited, nine-month period ending December 31, 2022. 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. 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. 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. 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. ", 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. Iyabo Obasanjo, the daughter of Nigerias former President Olusegun Obasanjo also resides on Banana Island. Prior to founding MRS in 1995, Alhaji Dantata was the Director of Dangote Transport (Dangote Group), Lagos, Nigeria. Did you know that Dantata and Africas richest man, Aliko Dangote are cousins? 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. DISCLAIMER: The currency conversion is provided for illustration purposes only. Pinterest. 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. Nigerian businessman Sayyu Dantata, the stepbrother of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. 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. "It offers security, tranquility and privacy. 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. Samoa is one of the various countries used as tax havens by large corporations. View profiles of the MRS board and our executive management team. As part of a recompilation, Abbas returned the confiscated lands around Kano to the Agalawa families. 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. 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. Its illegal to market real estate in anything but naira.". 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. Over the past few years, her net worth has been a subject of heated debate. PAIA Manual | 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. Tinubu owns a growing list of properties in Lagos (over 22) and Abuja including his property on Banana Island. Dantata was born 1877 in Bebeji, Kano Emirate in the Sokoto Caliphate, one of several children of Abdullahi and his wife, Amarya. [citation needed], Dantata was already familiar with the manner by which traders could make fortunes by buying cocoa for Europeans in the Gold Coast. 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 . ALHAJI SAYYU DANTATA is a mechanical engineerby training having attended the Morris BrownCollege in Atlanta, Georgia, USA. The horses make you love them. The brand has more than 400 retail service stations across the country, and operations span several West African countries, including the Benin Republic, Togo, Cameroon, and Cote dIvoire. That remains unclear. He purchased some items in Bebeji, he sold half of them on the way and the rest in Accra. Dantata is the founder and chairman of MRS Holdings Company Limited. It is home to Arthouse Contemporary, a local auction house; the Wheatbaker hotel, which holds art exhibits and art-related events; and the Nigerian National Museum, which features the best in Nigerian art. has changed its name and is now incorporated under the name of PETROWEST S.A. on this 27 day of April 2011. Expect to see much more of him this year. Alhaji. There, Tata continued to insist that he must save something every year[citation needed], Dantata started to be a long-distance trader himself. 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. In the past, Sayyu Dantata, has been trailed by one issue or the other. Other business allies. He urged them to avoid clashes with other wealthy Kano merchants. MARCO STORARI manages all aspects of oil storage terminalsoperations at MRS Terminals in West Africa which is over 350,000m3 storage depots. 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. [citation needed], In 1906, he began broadening his interests by trading in beads, necklaces, European cloth, and trade goods. They paid it and Dantata returned to the trading business without his family lands around Kano. The 1.63-million-square-meter sand-filled island in Lagos Lagoon is a little more than 5 miles east of Tafawa Balewa Square, the commercial and ceremonial heart of Lagos. "A big set of people are tenants in the high-rises," Ms. Nouboue 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. 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). He is a graduate of Mechanical Engineering from Morris Brown College Atlanta- Georgia, USA. Basically, the [] Delivers the most important property news around the world to your inbox each weekday. Dantata built his first house in the then empty Sarari area (an extension of Koki) in Kano. 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. ", More:Fiesole, Italy, Offers a Village Feel Just Outside Florence. He was a director of the Nigeria branch of Shell B.P. Established in 1985 by the late Egyptian auto mogul Raouf Ghabbour, GB Auto has grown under his guidance to become one of the leading automobile distributors and assemblers in the Middle East and North Africa. 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. 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 first homes were built on the south side of the island, but as land prices skyrocketed through the years, high-rise condo developments were built on the north side, which also houses the areas commercial corridor. Yusufu had been passed over when Bello became Emir. Because we do, we have not once in nearly 40 years of operation been charged with criminal wrongdoing. The newer ones are more modern, with straight angles, and they are less elongated because they are on less land. Yusufu received his religious training from Qaadiriyya schools. That means the businessmen simply resold the shares back to themselves. Owners create Shell companies for a host of dodgy business reasons. February 8, 2023 Important Sales Tips for Selling an Old Home; February 6, 2023 Essential Tips for Dealing with Difficult Landlords; February 5, 2023 Bollini scored the final goal with six seconds left. Yes! He was buried in his house in the Sarari ward.[2]. After the usual reading of the Qur'an, he had to go and beg for food for his mallam and himself. Dantata is the founder and chairman of MRS Holdings Company Limited. "Its elegant, and they invite the biggest DJs in the world. She lived in the United States for many years before finally relocating to Nigeria. From Femi Otedola to Aliko Dangote, billionaire Mike Adenuga, and even Tony Elumelu. Of this, the facility is expected to deliver about 200 million litres of lubricant per year. He graduated in 1979 with a Bachelor of Science degree in Accounting and has been said to have a net worth of N10 trillion. Residents also are attracted to the high-tech infrastructure on the island thats not available in the rest of the country. Staff Login 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. 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. "It offers easier access to the mainland, and its closer to the airport. Abdullahi was the son of Baba Talatin, it was Baba Talatin who brought the family from Katsina to Madobi in Kano following the death of his father called Ali, Abdullahi continued to operate from Madobi until 1877, when having set out for a journey to Gonja headquarters of Kola nut trade at Ghana, his wife gave birth to Alhassan at the campsite (Zango) of Bebeji, upon his return from the journey he decided to abandon Madobi for Bebeji. Polo has long been a passion for Dantata, who is known to be low-key despite his wealth. 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. To keep reading for free, please enter your email! It's definitely different playing mixed polo but I love it.". Scholarships are available. Dantata, who is Dangote's stepbrother, is the founder and chairman of MRS Holdings Company Limited. He is my favorite teammate. Alhaji Dantata started his career as Director of the Engineering and Transport Division of Dangote . Nigerians who live on Banana Island include a growing list of prominent Nigerians and expatriates who have incredibly deep pockets and can afford to spend millions of naira on a property. 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. Olivera led Mashomack with a team-high five goals. First Avenue in the north and Second Avenue in the sound merge and run around its perimeter. 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. - 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. Leave Application Bola Ahmed Tinubu popularly known asJagabanis a former Lagos State Governor (1999-2007) and astute politician. 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. This started in 2009 and he has gone on to be named the richest man in Africa; year after year. Sanwo-Olu described the facility as an integrated first-class factory and highlighted the presidents excitement that the countrys captains of industry had continued to rise above all odds despite the global pandemic challenge. She is the daughter of late Chief M.K.O Abiola. The purpose (s) for which Dangote and his allies set up their own secret companies is not exactly clear. The Worlds Best Cross-BorderInvestigative Team, ANCIR is not responsible for the content of external sites | His venture into the Oil and Gas industry in 1993 resulted in the establishment of the MRS Group in 1995 Diezani was, however, not officially charged or tried for these allegations and has strongly denied any wrongdoing. 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. 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. . At some point he returned to Bebeji to his religious studies and work. For additional information on our products/services or our industry expertise, please visit the appropriate page on our site. Tundun leads a largely quiet lifestyle with the exception of rare appearances at social events. The contact numbers listed on MRS Holdings website failed to connect the several times our reporter called. All property prices are as stated by the listing agent. Register for updates and alerts on ANCIR Investigations. "Victoria Island is like Manhattan," Ms. Nouboue said. Shell companies constitute some of the darkest, sometimes convoluted, corridors in global illicit finance. Corlay Global S.A. and SID Holdings Group are among other companies owned by MRS Holdings and Dantata. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. 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. 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. These materials are essential to the companys operations and have resulted in higher unabsorbed costs. Nigerian Gas Association. 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. Below is a list of 9prominent Nigerians who live on Banana Island as well as those who own properties on it. 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. 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. Her home is currently valued at N800 million. 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. [6], Dantata maintained a house in Bebeji and had no property in the larger trading town of Kano. "Dantata plans to move up into 12-goal league play in February, he said. Now you might be familiar with the Dantata family name, but the question is: do you know who Sayyu Dantata is? 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. 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. Mariya Dantata also has a registered location at Plot 70, Sharada Industrial Area, Phase 3, Kano, Nigeria. PPPRA Dantata started his career as Director of the Engineering and Transport. 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. Our reputation is paramount to us and we are conscious of the downside of it. "It looks more like Miami, and the ex-pats are starting to like it more," she said, adding that the project is due to be completed in about 15 years.
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