The island also has three prominent condo developments: Ocean Parade Towers, Bella Vista Towers and Lakepoint Apartments. 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. "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. He graduated in 1979 with a Bachelor of Science degree in Accounting and has been said to have a net worth of N10 trillion. According to documents available to Premium Times, on the same day, Dangote was re-issued a higher number of shares 250,000. 2023 Billionaires.Africa. From Femi Otedola to Aliko Dangote, billionaire Mike Adenuga, and even Tony Elumelu. Mr. Sayyu I. Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). 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. Nigerian is a Nigerian politician and the first female President of OPEC. Her home is unarguably the most talked-about property on Banana Island owing to her status as a celebrity blogger. Unlike other established Kano merchants, he was in his mid-thirties, with a small family and retinue to support. The chunk of his wealth is believed to have been inherited from his father. Yusufu received his religious training from Qaadiriyya schools. "I won my debut, that's a good thing. Dantata is the founder and chairman of MRS Holdings Company Limited. Its illegal to market real estate in anything but naira.". There are three mixed-use high-risesthe Adunola, the oldest, and Lakepoint Towers and Desiderata, which were built in the last two years. 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 . Every time I see horses I just want to go and spend time with them. [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. 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. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. newsheadline247-February 9, 2023. Most Valuable Player Grand Champions Polo Club Watch LIve on the all-new ChukkerTV App: Download Unauthorized request L2FwaS9jb21tZW50L0dldENvbW1lbnRzP2NydW1iPUJZeG5yUE5HblVSS00ySTFNalZqTldReU1qVXhOMlZrTVRjNE9UZzNPRFZtTUdWaFpHUXg= Below is a list of 9prominent Nigerians who live on Banana Island as well as those who own properties on it. They are Afrex S.A clients in Panama. 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. More:Abu Dhabis Al Reem Island Is a (High-End) Work in Progress. View profiles of the MRS board and our executive management team. "I am happy I won," Dantata Jr. said. "As Banana Island did in the beginning, it restricts the types of homes that can be built. Sayyu Dantata, billionaire cousin of Africa's Richest person Aliko Dangote, has launched a $450 million lubricant plant in Lagos through Bestaf Lubricant Limited. His presence as a resident of Banana Island doesnt come as a surprise. They are frequently used to shield the identities of owners and/or to hide money. These materials are essential to the companys operations and have resulted in higher unabsorbed costs. She's turned into one of my best horses. However, it was not granted because of worldwide military and economic conditions. "Typically, a very large percentage of homes are customized, while a few are large estates accommodating a number of prototype houses," he said. We only incorporate companies, which just about everyone acknowledges is important, and something thats critical in ensuring the global economy functions efficiently. He is a graduate of Mechanical Engineering from Morris Brown College Atlanta- Georgia, USA. [citation needed], Dantata was still a teenager when the great upheavals occurred in the Kano Emirate from 1893 to 1895. In the resulting civil war, Yusufu forces were victorious over Tukur, and claimed the title of emir. 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. 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. Expect to see much more of him this year. Over the past few years, her net worth has been a subject of heated debate. Aliko Dangote's brother, Sayyu Dantata's MRS Oil head office shut down by Government over Tax Evasion. 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. 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. 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. He asked them not to allow the company to collapse. His passport to the nation's sweet crude is the MRS. In addition to Dantata Jr., Hope Arellano had three goals and Peco Polledo added two goals. 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. 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. 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. Swimming pools, Ms. Nouboue said, are quite popular. Basically, the [] 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. For additional information on our products/services or our industry expertise, please visit the appropriate page on our site. The African Network of African Reporting Centres (ANCIR) contributed reporting for this story. He also owns a property on Banana Island, which explains his inclusion on this list. 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 In providing those services, we follow both the letter and spirit of the law. Her favorite restaurants include NOK by Alara, which serves new African cuisine; Z Kitchen, which offers succulent steaks; and R.S.V.P., which specializes in international dishes. As an entrepreneur and billionaire owner of Globacom, Nigerias second-largest telecom company, Mike Adenuga is a man with luxurious tastes. Despite experiencing a single-digit 5.2-percent decrease in revenue during the review period, the groups profit skyrocketed by an astounding 496 percent, surging from EGP 1.77 billion ($57.8 million) in 2021 to EGP 10.54 billion ($344.2 million) in 2022. Some established merchants of Kano like Umaru Sharubutu, Maikano Agogo accepted their offer. Privacy Policy | The Worlds Best Cross-BorderInvestigative Team, ANCIR is not responsible for the content of external sites | [2] It is said[by whom?] [citation needed], By all accounts, Dantata was hard working, frugal and unpretentious in his personal habits. 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. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. "She came from my dad and it was one of my dad's best horses forever," Arellano said. The purpose (s) for which Dangote and his allies set up their own secret companies is not exactly clear. "A big set of people are tenants in the high-rises," Ms. Nouboue said. They serve cocktails, and theres a pool.". Dantata serves as a Director of Hydro Alternative Energy, Inc. and has been a Non-Executive Director of Nigerian Telecommunications Limited since August 2008. He traded in cattle, cloth, beads, precious stones, grains, rope and other things. Before Dangote ceased to be shareholder of M.R.S Oil and Gas Limited, himself, Mr. Dantata and their co-owned company, M.R.S Oil and Gas Co. Limited, was used to buy shares in Petrowest S.A, another company registered in Seychelles on October 6, 2003. Dantata, who is one of Dangote's cousins, is the founder and chairman of MRS Holdings Company Limited. 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. But he said that hes optimistic that "the economy will improve. 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 . One of the greatest mistake people make is to think that happiness can be . 26 Jan 2023 06:54:53 Aliko Dangote is widely known for his staggering wealth. "I just don't like to lose so I said lets go for Nigeria. 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. Built on a beach, it has water views and roads like those in the U.S. "Most of the owners of single-family homes live here full time, but they also have houses in the U.K. or the U.S..". He is my favorite teammate. Sanusi Dantata (c. 1919 - 15 April 1997) was a Nigerian entrepreneur and son of Alhassan Dantata. He was the first to develop this route. "It offers easier access to the mainland, and its closer to the airport. . "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. By Godwin Oritse. Linkedin. He purchased some items in Bebeji, he sold half of them on the way and the rest in Accra. "Most of them are owned by individuals and rented out to tenants who pay NGN25 million to NGN30 million annually. Dantata and his brothers were held for ransom, under the threat of slavery. His venture into the Oil and Gas industry in 1993resulted in the establishment of the MRS Group in1995. [CDATA[ One of such men is Sayyu Idris Dantata. Afrex Sal is a client company for Dantata and Dangotes Ovlas Trading based in Monaco France. 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. "It offers security, tranquility and privacy. This innovation and contact with Europeans helped establish his wealth and future. As a result, the market value of the Khamis familys 56.58-percent stake in the leading carpet manufacturer is now worth EGP4.06 billion ($132.5 million). She was also accused of awarding multi-billion Naira contracts without recourse to due process. With its impressive collection of premium brands such as Chloe, Dunhill, Alaa, Cartier, and Delvaux, Richemont has secured its place as the fourth-largest luxury company globally, boasting a market capitalization of almost $79 billion. 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. Sayyu Dantata. After the usual reading of the Qur'an, he had to go and beg for food for his mallam and himself. Given all these factors, he said Banana Islands exclusivity always will remain attractive to "the highest echelon of the society. 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. Amina has worked in various strata in the oil and gas industry,some of which include retail and marketing, terminal andshipping operations, financial reporting and strategy formulationfor various business entities such as, Marc Rich Investments Ltd,Aurora Energy amongst others. But shell companies are not illegal, and not all owners use them to avoid tax or hide assets. Sayyu Dantata, a chip off the old block of the Dantata family has come to establish himself as a major player in the Oil and Gas sector. Staffs hail billionaire Sayyu Dantata, as he personally flies his chopper to work to beat the Apapa traffic, today, in Lagos. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). A dedicated road connects it to a network of roads near Parkview Estate. Nigeria, Africas most populous nation, is home to some of the richest men on the continent. 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. The island is ideal for families, she said, adding that the residents are well established and around 45 years old. They all received their portion according to Islamic law when he died. He did not own a house there, but was satisfied with the accommodation given to him by his patoma (landlord). Dantata started his career as Director of the Engineering and Transport. Sayyu Idris Dantata is Former Chairman at Mrs Nigeria PLC. More:The Beach is Always Close in Cottesloe, by Perth, Australia. We generally think that death is the equalizer of all men and that we will all answer to God. The newer ones are more modern, with straight angles, and they are less elongated because they are on less land. "I love playing with my brother. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. 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. And nearly every house has a gym, she added. 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. It remains unclear whether Dangote and his associates used their shell companies to buy any such service from Fonseca. He holds aBachelors degree in Economics from the ParisAcademy and has been with the MRS Groupsince 2004. 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. wealth and financial magazine, Forbes namedBanana Islandin Lagos as themost expensive neighbourhoodand place to live in Nigeria. 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). AMINA MAINA oversees all trading, supply, and operations of thegroups activities spanning over 6 countries, including Nigeria. Yes! 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. // I tried my best. He worked for money on Thursdays and Fridays. and founder of Sanusi Dantata and sons limited. All property prices are as stated by the listing agent. Like in the case of Ovlas S.A, Mr. Dangote suddenly ceased to be shareholder. For art, residents head to Ikoyi, which is five minutes away by car. The most expensive listing now on the market, NGN5 billion, is for a six-bedroom detached house on 2,600 square meters of land, she said. In 2012, her blog was worth $1.2 million. This is true, at least, some of us believe it. "During the winter season in Wellington, Grand Champions is hosting 19 tournaments, the most of any club in the U.S., including four in January. They should take care of their relatives, especially the poor among them. In essence, they are corporations that exist mainly on paper, have no physical presence, employ no one and produce nothing. The billionaire recently launched Bestaf Lubricant Plant, a subsidiary of MRS Group. 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 . 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. His mother, who had never remarried, died in Accra around 1908. Dantata is the founder and chairman of MRS Holdings Company Limited. Nigerian businessman Sayyu Dantata, the stepbrother of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. He has an estimated net worth of $4.1 billion and the figures continue to soar. 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. Alike Dangote's stepbrother Sayyu Dantata launches $450-million lubricant plant in Lagos. 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. Hermans and Bollini each had two goals and Monteverde added one.Dantata was coming off Thursday's Sterling Cup semifinal loss to Valiente. 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. "Dantata plans to move up into 12-goal league play in February, he said. 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). Amarya, like her mother-in-law, was a trader of wealth in her own right. 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. 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. Like her mother-in-law, was a Nigerian entrepreneur and son of Alhassan Dantata, MRS Oil and,! About everyone acknowledges is important, and claimed the title of emir said... Own a house in Bebeji and had no property in the last two years,! Of MRS Holdings company Limited companys operations and have resulted in higher unabsorbed.... 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