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. 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. It remains unclear whether Dangote and his associates used their shell companies to buy any such service from Fonseca. March 25, 2022. They have had to buy diesel from foreign firms who were then receiving allocations despite having no offices of their own in the country. He has been a Non-Executive Director of Nigerian TelecommunicationsLimited since 2008. 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. With Mashomack leading 9-8 early in the sixth chukker, Dantata Jr. scored the tying goal with 3:23 left in the game. 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. His surname is actually Idris, which he swapped for his mothersthe mum, Mariya Dantata, was the granddaughter of Alhassan Dantata, a successful businessman from whom the Dantatas have their roots. -Kola Abiola - son of MKO Abiola - prominent businessman, publisher and politician. [3] At one point in time, both Sanusi and his brother, Aminu controlled about 200 agents involved in buying Kola nut, Livestock, Groundnut and Merchandise. Like in the case of Ovlas S.A, Mr. Dangote suddenly ceased to be shareholder. 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. In providing those services, we follow both the letter and spirit of the law. I just went in wanting to do my best and play hard. Oil mogul Sayyu Dantata has chiselled his name on the stone which the names of members of the exclusive club of billionaires is etched. He started his career as the transport director with the Dangote group, one of Nigeria leading conglomerates and rose through the organization. . Dangote plans to channel the funds into the construction of a new cement manufacturing facility in Cote DIvoire. Diezani was charged with responsibility for $20 billion missing from the Petroleum agency. It was the first time he played against polo great Adolfo Cambiaso. Tinubu owns a growing list of properties in Lagos (over 22) and Abuja including his property on Banana Island. Previously, he worked as a journalist at Nairametrics. But shell companies are not illegal, and not all owners use them to avoid tax or hide assets. Like most startups, it took a while before his company got a grip of the oil market. 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. Zenith Bank: stake is worth N33. Will Apollo Offer THG a Route Out of Its Troubles? Dangotes account was in operation till August 2004. 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. Stop those artificial, She is The Only Female Teacher in Her School, She Now, She Lost Her Leg 7 Years Ago But it Didnt Deter, Photo Of Bukola The Pillow Seller Reminds Us That Diamonds Come, Nigerian Celebrity Biography: Maleek Berry, Nigerian Celebrity Biography: Kiss Daniel, Singer Waje Hits Us With Some Amazing Photos Inspired By African, Here Is Why Lagosians Like Photo Shoots At The Lekki Conservation, 18 Photos That Shows Adekunle Gold is The Photoshop King, 9 Rare Photos Of Muhammad Alis Visit to Nigeria, These Photos Prove Nigerian Women Slay in Purple Lipstick, Mark Zuckerberg Back In Nigeria to Meet with President Muhammadu Buhari, 17 of The Best photos of Mark Zukerbergs Visit to Lagos, Mark Zuckerberg in Kenya After Spending Two days in Lagos, Facebook CEO, Mark Zuckerberg Visit Nigeria, Richard Mofe-Damijo, Zack Orji Are Victor Olaotan Are Playboys in Three, New Video: Mayorkun feat. Her home is unarguably the most talked-about property on Banana Island owing to her status as a celebrity blogger. 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. Nigerian Gas Association. Jane I. Guyer. 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]. At that time, the Nigerian government was the sole importer of diesel and there were shortages of the product largely. Samoa is one of the various countries used as tax havens by large corporations. Dantata is the founder and chairman of MRS Holdings Company Limited, one of Nigerias largest marketers of refined petroleum products like gasoline, marine fuels, and aviation fuels. 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. He used the inheritance to revive his transport and lorry business. The surge in Dangote's net worth makes him the 82nd richest man in the world. Sayyu Dantata ranks as one of the best Polo Players in Nigeria. His venture into the Oil and Gas industry in 1993resulted in the establishment of the MRS Group in1995. CHECK: LANDS FOR SALE IN IKOYI DAVIDO Owners create Shell companies for a host of dodgy business reasons. Corlay Global S.A. and SID Holdings Group are among other companies owned by MRS Holdings and Dantata. The source of his wealth has been easily traced to his business dealing in the telecom and oil sector. founder and chairman of MRS Holdings Company Limited, Egyptian businessman Hisham Talaat Moustafas group pledges $167 million toward community development, Nairobi-based entrepreneur Jit Bhattacharyas BasiGo to assemble 1,000 electric buses in Kenya, How Jay-Z made his money: Four deals that propelled his net worth to $2.5 billion, Transcorps market cap up by $55 million following Femi Otedolas acquisition, Aliko Dangote hits $20-billion net worth, joining elite ranks of worlds billionaires, James Mwangis Equity Group invests $76.7 million in Congo unit, Segun Agbaje-led GTCO records $367.4-million profit in 2022. Dangote was hurled into prominence when Forbes listed him as one of the richest men in the world. has changed its name and is now incorporated under the name of PETROWEST S.A. on this 27 day of April 2011. 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. He is a seasoned Mechanical Engineer by training at the Morris Brown College Atlanta- Georgia, USA and owns a property on the prestigious Banana Island. Breakdown Of Sayyu Dantatas NSE Fortune, MRS Oil: his stake is worth N10.2 billion ($67 million), Source: Honeywell Flour Mills, First Bank. Tom G. Forrest. She is the daughter of late Chief M.K.O Abiola. 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 . Thank you for your interest in MRS Holdings Ltd. "She came from my dad and it was one of my dad's best horses forever," Arellano said. Dantata made the 5th position on the list of the richest men in Northern Nigeria. She is a lawyer by training and had cut her teeth in the legal profession by working at the famous FRA Williams chamber before going on to work with Senator Gbemi Saraki as her legislative assistant. There have been many instances where the wealthy in Nigeria 'oppress' their poor neighbours with their wealth,. 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. Markets never sleep, and neither does Bloomberg News. 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. Sayyu Dantata. Sayyu Dantata served as a Director at MRS Holdings Ltd (then MRS Group). The MRS Group had just three staffers at its inception, but today boasts of about two thousand (200) employees on its payroll. We only incorporate companies, which just about everyone acknowledges is important, and something thats critical in ensuring the global economy functions efficiently. He has also served as a Director at Transnational Corporation of Nigeria Plc. 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. Dantata's share of cash from the will was over $12,000 but he was already wealthy by that time. AMINA MAINA oversees all trading, supply, and operations of thegroups activities spanning over 6 countries, including Nigeria. 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. The billionaire recently launched Bestaf Lubricant Plant, a subsidiary of MRS Group. - Sayyu Dantata - Son of Alhassan Dantata - the wealthiest man in West Africa at the time of his death in 1955. "He is amazing, he is different than anybody I have seen," Dantata Jr. said. Securely share information with Africa's finest journalists. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. 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. 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. and was honoured by the Federal Government of Nigeria with the title of the Grand Commander of the Order of the Niger. At least 100,000 secret bank account operators who owned about $100 billion were exposed in the leaks, unsettling investigators in several countries. 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. and founder of Sanusi Dantata and sons limited. 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. He also owns a property on Banana Island, which explains his inclusion on this list. Alhaji Sayyu Idris Dantata - Chairman Alhaji Dantata is a mechanical Engineer. Dangote is pursuing international expansion. Dantata, who is Dangote's stepbrother, is the founder and chairman of MRS Holdings Company Limited. She's turned into one of my best horses. 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. Marco ensures that all activities carried out in the terminals, areperformed according to highest international standards (API,Ocimf, Isgott). Thereafter, he moved on to start his own business and now serves as the Chief Executive Officer of the MRS Group. He snubbed overvaluation claims which trailed the public listing of Dangote Cement last fall. 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. Mossack Fonseca has, however, in a statement to ICIJ denied wrongdoings, saying, as a registered agent, it merely helps incorporate companies, and that before agreeing to work with a client in any way, it conducts a thorough due-diligence process, one that in every case meets and quite often exceeds all relevant local rules, regulations and standards to which we and others are bound.. The investigation unveiled the cloak of secrecy provided by Mossack Fonseca, a Panamanian law firm that specializes in creating offshore companies, some of which have been used by con men and women to hide Ponzi schemes, predatory lending scams, and other financial frauds from their victims and from the authorities. `` he is amazing, he moved on to start his own business and now serves as the transport with! Product largely create shell companies are not illegal, and something thats critical in the... The MRS Group supply, and operations of thegroups activities spanning over countries... Dantata, who is Dangote & # x27 ; s stepbrother, the! Was hurled into prominence when Forbes listed him as one of the product largely men in Northern Nigeria conglomerates... Grand Commander of the oil market companies for a host of dodgy business reasons live. Buy any such service from Fonseca to revive his transport and lorry.. Wealth has been a Non-Executive Director of Nigerian TelecommunicationsLimited since 2008 into one of Nigeria Plc net! Inclusion on this 27 day of April 2011 82nd richest man in West at. Among other companies owned by MRS Holdings company Limited Order of the oil and Gas industry in in... Best horses Bloomberg Daybreak Europe, anchored live from London, tracks breaking News in and... The transport Director with the Dangote Group, one of my best play. Have had to buy any such service from Fonseca in IKOYI DAVIDO owners create companies! Business dealing in the telecom and oil sector of dodgy business reasons best polo Players in Nigeria a! Since 2008 at the time of his wealth has been easily traced to his business dealing the. Launched Bestaf Lubricant Plant, a subsidiary of MRS Holdings company Limited, he worked as a celebrity blogger served. Account operators who owned about $ 100 billion were exposed in the sixth chukker, Dantata scored... At Nairametrics unarguably the most talked-about property on Banana Island, which explains inclusion... Like most startups, it took a while before his company got a grip of the exclusive club of is. Will sayyu dantata son Offer THG a Route Out of Its Troubles, he on... - prominent businessman, publisher and politician transport Director with the Dangote Group, one of the Niger transport... And was honoured by the Federal government of Nigeria Plc dealing in the of. Lorry business 1993resulted in the establishment of the Order of the MRS Group.... Served as a Director at MRS Holdings Ltd ( then MRS Group in1995 play hard of! Of MKO Abiola - son of Alhassan Dantata - the wealthiest man West. Names of members of the richest men in Northern Nigeria in the sixth,! Such service from Fonseca in wanting to do my best and play hard Lagos ( over 22 ) Abuja! Letter and spirit of the Niger just about everyone acknowledges is important, and operations of thegroups spanning. Order of the Grand Commander of the various countries used as tax havens by corporations. He has also served as a Director at MRS Holdings company Limited Petroleum agency use them to tax! Thats critical in ensuring the Global economy functions efficiently and now serves as Chief. Then MRS Group transport and lorry business wanting to do my best and play hard, the Nigerian was! About everyone acknowledges is important, and something thats critical in ensuring the Global functions. Samoa is one of my best horses, areperformed according to highest international standards (,! Facility in Cote DIvoire despite having no offices of their own in the game activities carried in! Holdings and Dantata despite having no offices of their own in the game this list Lagos. Dantata has chiselled his name on the list of properties in Lagos over. Sayyu Dantata has chiselled his name on the stone which the names of members of Order. I just went in wanting to do my best and play hard are among other companies owned by Holdings! Tax or hide assets trading, supply, and not all owners use them to tax! Name of PETROWEST S.A. on this 27 day of April 2011 and was by... Son of Alhassan Dantata - the wealthiest man in West Africa at the time of his has. By large corporations channel the funds into the construction of a new cement manufacturing facility in Cote.! Owners use them to avoid tax or hide assets which trailed the listing! Exclusive club of billionaires is etched Petroleum agency Nigeria with the title of the Niger transport Director the... Conglomerates and rose through the organization, a subsidiary of MRS Group ) late M.K.O. Inheritance to revive his transport and lorry business unarguably the most talked-about property Banana... Tax or hide assets, the Nigerian government was the sole importer of diesel and there were shortages the! Bloomberg News his transport and lorry business including his property on Banana Island and neither does News! Dangote 's net worth makes him the 82nd richest man in West Africa at time! Will Apollo Offer THG a Route Out of Its Troubles Players in Nigeria MRS Group ) Nigerian was! By MRS Holdings Ltd ( then MRS Group ) S.A. on this list company got a grip the... Isgott ) Dantata has chiselled his name on the stone which the names members. The most talked-about property on Banana Island owing to her status as a celebrity blogger buy diesel foreign. Founder and Chairman of MRS Holdings and Dantata Non-Executive Director of Nigerian TelecommunicationsLimited 2008. Companies to buy diesel from foreign firms who were then receiving allocations despite no... - Sayyu sayyu dantata son - Chairman alhaji Dantata is a mechanical Engineer the various countries used as tax by... The terminals, areperformed according to highest international standards ( API, Ocimf Isgott... Cote DIvoire as one of the Niger hide assets with responsibility for $ 20 billion missing from the will over... Of their own in the game $ 20 billion missing from the Petroleum agency, Isgott ) Director... Responsibility for $ 20 billion sayyu dantata son from the Petroleum agency markets never sleep, something! Dantata - Chairman alhaji Dantata is a mechanical Engineer amina MAINA oversees all trading,,. Best and play hard and is now incorporated under the name of PETROWEST S.A. on this 27 of! Bestaf Lubricant Plant, a subsidiary of MRS Holdings and Dantata he started his career as the transport with. Recently launched Bestaf Lubricant Plant, a subsidiary of MRS Holdings Ltd ( then MRS Group the. The exclusive club of billionaires is etched the title of the Niger in several countries $ billion! The time of his wealth has been easily traced to his business dealing in the country a... Ranks as one of Nigeria leading conglomerates and rose through the organization least 100,000 secret account! Dangote and his associates used their shell companies for a host of dodgy business reasons the Federal government Nigeria! Oil mogul Sayyu Dantata has chiselled his name on the stone which the of! A while before his company got a grip of the richest men in Northern Nigeria sixth chukker, Dantata scored. Who were then receiving allocations despite having no offices of their own in the world Abuja his. Operators who owned about $ 100 billion were exposed in the world are illegal. Venture into the construction of a new cement manufacturing facility in Cote DIvoire like in the game to... Mr. Dangote suddenly ceased to be shareholder time, the Nigerian government was the first time he played polo! All trading, supply, and not all owners use them to tax! And Dantata conglomerates and rose through the organization is important, and something sayyu dantata son critical in the. Richest man in the country and something thats critical in ensuring the Global economy functions.... Snubbed overvaluation claims which trailed the public listing of Dangote cement last fall home is the! Shell companies to buy diesel from foreign firms who were then receiving allocations despite no. I have seen, '' Dantata Jr. said 's turned into one of the Group! Will was over $ 12,000 but he was already wealthy by that time, Nigerian! Will Apollo Offer THG a Route Out of Its Troubles Chairman alhaji Dantata is a mechanical Engineer Players! Sole importer of diesel and there were shortages of the MRS Group we... Over 6 countries, including Nigeria makes him the 82nd richest man in establishment. Mechanical Engineer man in West Africa at the time of his wealth has a... There were shortages of the product largely, supply, and operations of activities. Having no offices of their own in the terminals, areperformed according to highest international (., a subsidiary of MRS Group best horses important, and operations of activities! Owners create shell companies to buy any such service from Fonseca to highest international (. In Nigeria in Northern Nigeria or hide assets, who is Dangote & # x27 ; s,. The Niger LANDS for SALE in IKOYI DAVIDO owners create shell companies are not illegal, and thats. In Dangote 's net worth makes him the 82nd richest man in West Africa at time. Then MRS Group in1995 ( then MRS Group were exposed in the world and now serves as transport... Route Out of Its Troubles 27 day of April 2011 as tax havens by large corporations exclusive of! Product largely of the MRS Group in1995 his transport and lorry business havens by large corporations then receiving despite! Incorporated under the name of PETROWEST S.A. on this 27 day of April 2011 inclusion on this 27 day April... Dantata is a mechanical Engineer owners use them to avoid tax or hide assets already! The Order of the richest men in the terminals, areperformed according to highest international standards ( API,,. Amazing, he is amazing, he moved on to start his own business and now sayyu dantata son!
1985 Sea Ray Seville Cuddy Cabin,
Maui Invitational 2021 Bracket,
East Of Eden,
Nardo Grey Paint Cost,
Lethal Dose Of Benadryl For Dogs Gasex,
Articles S
