(adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address! He graduated in 1979 with a Bachelor of Science degree in Accounting and has been said to have a net worth of N10 trillion. That happened on October 12, 2012. The lubricant plant, which is located at Tincan Island in Apapa, Lagos, is set to contribute immensely to Nigerias economy and will boost employment, generate revenue, and reduce the countrys import dependence. "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. 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. 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The 200-million-liter lubricant plant is the first of its kind in West Africa and covers the entire value chain of lubricants. 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. ], Oando announces resignation of Non-Executive Directors amidst managerial crises. After three years of holding the shares, they all ceased to be shareholders. Dantata serves as a Director of Hydro Alternative Energy, Inc. and has been a Non-Executive Director of Nigerian Telecommunications Limited since August 2008. Note: these figures exclude private assets. He also owns a property on Banana Island, which explains his inclusion on this list. He is largely regarded as being socially invisible and this stems from the low profile he has maintained over the years. Sayyu Dantata, billionaire cousin of Africa's Richest person Aliko Dangote, has launched a $450 million lubricant plant in Lagos through Bestaf Lubricant Limited. 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? 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 a notice sent to the Nigerian Stock Exchange (NSE), the management of MRS Oil said. Sign up with your email address to receive news and updates. Its' mission is to provide individuals opportunities in polo at every economic and ability level. It was a super fun team. Alhaji Alhassan Dantata was a Nigerian businessman who was the wealthiest man in West Africa at the time of his death on August 17, 1955. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. 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. Because shell companies are at times associated with fraud, their activities are of big concerns to international bodies such as the Organisation for Economic Co-operation and Development (OECD). Thereafter, he added groundnut produce buying and transport and haulage as part of his enterprise. Many people using offshore companies do so legally and offshore companies indeed have many legal purposes. 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. Oba Otudeko, a former banker and renowned boardroom guru, owns a 15.4% stake in Honeywell Flour Mills, an NSE-listed entity which is part of the largely private Honeywell Group-a diversified conglomerate with tentacles in everything from oil marketing to food production, engineering services and finance. Marco ensures that all activities carried out in the terminals, areperformed according to highest international standards (API,Ocimf, Isgott). It's definitely different playing mixed polo but I love it.". 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. Her blog currently enjoys a daily visit of between 100,000 to 250,000 visits from over 180 countries. PPPRA "Dangote / Dantata Dynasties: How a Family of Billionaires was built ( Exclusive )", "The Nigerian Millionaires" at TIME Magazine, Article Aliko Dangote, mentioning Dantata's influence, https://en.wikipedia.org/w/index.php?title=Sanusi_Dantata&oldid=1148997046, This page was last edited on 9 April 2023, at 14:56. The group's operations span several West African countries, including the Benin Republic, Togo, Cameroon, and . 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. The surge in Dangote's net worth makes him the 82nd richest man in the world. His presence as a resident of Banana Island doesnt come as a surprise. For instance in 2010, the management of Bank PHB, a Nigerian bank, dragged M.R.S Holdings Limited, owned by Dantata, to court over the non- payment of US$58 million loan the bank granted it to purchase Chevron Texaco in 2008. About Sayyu Dantata: Alhaji Sayyu Idris Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd, formerly known as the MRS Group. He was a director of the Nigeria branch of Shell B.P. She obtained a B.Sc in Business Administration from the AhmaduBello University, Zaria, Nigeria in 1998. We thank you for upholding the principal ethics in journalism when in doubt, check. "He is amazing, he is different than anybody I have seen," Dantata Jr. said. Sayyu Dantata served as a Director at MRS Holdings Ltd (then MRS Group). She was also listed as Nigerias Highest Paid Blogger by Forbes in August 2016. DPR "I won my debut, that's a good thing. 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 The spokesperson for the Dangote Group, Tony Chiejina, in response to enquiry by Premium Times, said, Thank you for your enquiry concerning our alleged relationship with the following off shore companies namely: Paseo Trading Ltd, Seychelles; Petrowest S.A.,Seychelles; SID Holdings Corp, Panama and Chalmers Shipping Inc, Panama. Samoa is one of the various countries used as tax havens by large corporations. Both Kumasi and Dantata tried to promote an independent Qadiriyya scholarship and religious authority, challenging the leadership of Kabara. Alhaji. Kola Abiola is one of Nigerias low-key millionaires. Bola Ahmed Tinubu popularly known asJagabanis a former Lagos State Governor (1999-2007) and astute politician. Yet that question has become even more relevant across the globe following discoveries of several secret shell companies linked to the businessman, his allies and relatives. and founder of Sanusi Dantata and sons limited. Some even pointed out that this might be the season of helicopters, even as wealthy Nigerians continue to showcase their opulence. Overnight on Wall Street is morning in Europe. The business magnate also served as a Director at MRS Holdings Ltd and Transnational Corporation of Nigeria Plc. He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. The African Network of African Reporting Centres (ANCIR) contributed reporting for this story. Alhaji Dantata is a mechanical Engineer. He is widely regarded as the presumed winner of the 1993 presidential elections. 1 Like 1 Share Re: Owner Of The Mansion Chris Brown Stayed In Nigeriaby RickyRoss1(m): 11:27pmOn Dec 25, 2012 In providing those services, we follow both the letter and spirit of the law. Sayyu Dantata comes from a wealthy his surname can prove dad; according to Forbes "Dantata" was once the richest man in Africa just like . One of such men is Sayyu Idris Dantata. Iyabo Obasanjo, the daughter of Nigerias former President Olusegun Obasanjo also resides on Banana Island. The source of his wealth has been easily traced to his business dealing in the telecom and oil sector. Business career [ edit] Press, 1997. p 65-70. It has been said that his half-brother, Aliko Dangote, was the one who paid his fees. Like in the case of Ovlas S.A, Mr. Dangote suddenly ceased to be shareholder. READ ALSO: Oando announces resignation of Non-Executive Directors amidst managerial crises, Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |. He is a seasoned mechanical engineer by training. 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. He was a director of the Nigeria branch of Shell B.P. Sayyu Dantata, chairman MRS Oil chairman, has tendered his resignation as chairman of the company. Oluwa shine ur blessing on me. The wealthiest man in West Africa. Markets never sleep, and neither does Bloomberg News. He has been tagged the most successful politician in Lagos State. Dangote has been repeatedly listed by Forbes for his wealth. They are Afrex S.A clients in Panama. [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. Feeding African Cities: Studies in Regional Social History, Indiana University Press, 1987. p 87-91. Spear Magazine. Net Worth: $300 million. I wish to state categorically that neither Aliko Dangote nor Dangote Industries Ltd (DIL) has any form of relationship with these alleged four off shore companies. According to documents available to Premium Times, on the same day, Dangote was re-issued a higher number of shares 250,000. with legendary father/son duo of Adolfo Cambiaso and his 14-year-old son Poroto, ready . He is the Director of Engineering . Owns vast collection of prime real estate in Lagos, including the Landmark Civic Center in Lagos. Yes! 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. Were proud of the work we do, notwithstanding recent and willful attempts by some to mischaracterize it.. It was then followed by a major order from Wale Tinubu, who contracted him to supply diesel. His venture into the Oil and Gas industry in 1993 resulted in the establishment of the MRS Group in 1995 This literary means they resold the shares back to themselves. When he was 16 years old, he was given a share of his father's cattle business, the purchase of cattle in the north and transport by rail to Lagos for sale. Omokolade Ajayi is a financial reporter at Billionaires.Africa. 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. Some people even joked that Lagos may soon start experiencing air gridlocks if these billionaires continue flying their helicopters around. He now runs Visafone, a Nigerian telecom outfit he founded in 2006. He then started buying diesel from AP, Unipetrol, and the Kaduna Refinery. Nigerian billionaire and CEO MRS Holdings Ltd, Sayyu Dantata, was recently spotted flying his chopper from Victoria Island in Lagos to Apapa. A 2015 investigation by Premium Times, in partnership with French Daily, Le Monde , the International Consortium of Investigative Journalists, and a host of other major media organisations around the world, had named Dangote among some of Nigerias wealthiest industrialists, former government officials and their relatives, who operated highly secretive foreign accounts with the Swiss branch of banking giant, HSBC. Omooo com see level ?. 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. A former bank chief, Egwuenu is the second largest individual shareholder of the Zenith Bank Group. He is the Director of Hydro Alternative Energy Incorporated. Economic and ability level, he is amazing, he is widely regarded as being socially and! 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