[citation needed], By all accounts, Dantata was hard working, frugal and unpretentious in his personal habits. He is largely regarded as being socially invisible and this stems from the low profile he has maintained over the years. Thats the price for each of the twin townhouses on 600 square meters of land. At the time of his death he was the wealthiest man in West Africa. Dantata was born 1877 in Bebeji, Kano Emirate in the Sokoto Caliphate, one of several children of Abdullahi and his wife, Amarya. 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. Hermans and Bollini each had two goals and Monteverde added one.Dantata was coming off Thursday's Sterling Cup semifinal loss to Valiente. Given at Victoria, Seychelles.. MRS is a non-discriminatory, equal employer, providing gender equal opportunities and remuneration that is competitive within the industry. 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. At least 100,000 secret bank account operators who owned about $100 billion were exposed in the leaks, unsettling investigators in several countries. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. Many people using offshore companies do so legally and offshore companies indeed have many legal purposes. WhatsApp. Sayyu Dantata, chairman MRS Oil chairman, has tendered his resignation as chairman of the company. ", She said its possible to buy a unit for about NGN363 million "because value has dropped significantly in the last three years with the devaluation of the naira. 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. Dantata is the founder and chairman of MRS Holdings Company Limited, one of Nigeria's largest marketers of refined petroleum products like gasoline, marine fuels, and aviation fuels. Oyekunle is a shareholder of Sunningdale Assets, S.A, a company that also shares same registered location with MRS Holdings Limited at Plot 70 Sharada Industrial Area, Phase 3 Kano, Nigeria. Her blog currently enjoys a daily visit of between 100,000 to 250,000 visits from over 180 countries. Thereafter, he moved on to start his own business and now serves as the Chief Executive Officer of the MRS Group. 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. Nigerian businessman Sayyu Dantata, the stepbrother of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. He told them that his days were approaching their end and advised them to live together. 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. Mike Adenuga, the billionaire owner of Globacom, the countrys second largest telecom operator and of the oil exploration firm Conoil, lives on the island, according to Ms. Nouboue and published reports. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. "I won my debut, that's a good thing. Although Banana Islands main street offers little more than a caf, a barbershop and a large supermarket, chic shopping areas and restaurants on Victoria Island are only a 12-minute car ride away. An American-educated mechanical engineer, Dantata returned home to his native Nigeria to begin the energy conglomerate that became MRS Holdings, growing it into one of the nations largest companies. 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. Staffs hail billionaire Sayyu Dantata, as he personally flies his chopper to work to beat the Apapa traffic, today, in Lagos. It also offers status. Of this, the facility is expected to deliver about 200 million litres of lubricant per year. He is widely regarded as the presumed winner of the 1993 presidential elections. Abdullahi's children were too young to manage his considerable wealth. ", More:Fiesole, Italy, Offers a Village Feel Just Outside Florence. The M.R.S Investments Companies mentioned earlier is a subsidiary of MRS Holdings. 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.. Some descendants of Alhassan Dantata includes: "Alhaji Alhassan Dantata, An Appreciation", "Biography of Select Kano Merchants, 18531955", "Alhassan Dantata: Things You Didn't Know About Him", "Meet the wealthy but simple Nigerian merchant behind Dangote's success story", "Biography of Select Kano Merchants, 1853-1955", "Nigerian Tycoon Abdulkadir Dantata Is Dead", https://en.wikipedia.org/w/index.php?title=Alhassan_Dantata&oldid=1135608976, Mahmud Dantata, popularly known as Mamuda Wapa (19221983): son. In its suit, Union Bank alleged that in a bid to evade payment of the loan, Sani Dangote made efforts to deplete funds in his accounts by diverting them to Dubai, Canada and Switzerland. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. Content created and supplied by: studio.opera.com (via Opera Thank you for your interest in MRS Holdings Ltd. 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. But shell companies are not illegal, and not all owners use them to avoid tax or hide assets. Nigeria currently consumes about 250 million litres of engine oil per year, and this consumption grows by more than five percent every year due to the addition of new vehicles and machinery. Aliko Dangote is widely known for his staggering wealth. 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. His presence as a resident of Banana Island doesnt come as a surprise. Others like Sayyu Dantata however are the new kids on the block. It's definitely different playing mixed polo but I love it.". When Banana Island was built nearly two decades ago, there was no other luxury spot like it in Nigeria, but it now has competition. They paid it and Dantata returned to the trading business without his family lands around Kano. 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. Re: Billionaire Sayyu Dantata Launches $450m Lubricant Plant In Lagos by KingKO22: 9:20am On Jan 25 Asiwaju Tinubu has created the enabling environment for all business to thrive and become successful The Nyamirin Zombipigs have created death nd chaotic environment in Alaigbo Land therefore making it a dead trap for investors. Dantata could not be reached. It was the first time he played against polo great Adolfo Cambiaso. window.__mirage2 = {petok:"NU1XWiS0aIgqL2kNAZJSViJcfj6ZI_mmTiSkiHqpr5Y-3600-0"}; 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. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. Instead of bringing kola nuts on pack animals, he used steamships to transport them between Accra, Kumasi, Sekondi and Lagos. Grand Champions Polo Club13444 South Fields RoadWellington, FL 33414. She obtained a B.Sc in Business Administration from the AhmaduBello University, Zaria, Nigeria in 1998. [3] Abdullahi died in Bebeji around 1885. 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. 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. "Typically, a very large percentage of homes are customized, while a few are large estates accommodating a number of prototype houses," he said. Nairobi-based entrepreneur Jit Bhattacharyas BasiGo to assemble 1,000 electric buses in Kenya, Egyptian businessman Hisham Talaat Moustafas group pledges $167 million toward community development. 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. In 2012, her blog was worth $1.2 million. This highlights the substantial value creation and significant untapped potential at GB Capital, which is one of the groups operating subsidiaries. [8], In 1955, Dantata fell ill. Because of the seriousness of his illness, he summoned his chief financial controller, Garba Maisikeli and his children. Every time I see horses I just want to go and spend time with them. But in an arrangement that seems curious, Dangote was issued a higher amount of shares 250,000 on the same day he resigned. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). One current listing, she said, is for NGN750 million. Some people own shell companies so that when they acquire assets like private jets and real estates, governments do not find out to demand tax. The source of his wealth has been easily traced to his business dealing in the telecom and oil sector. Her home is currently valued at N800 million. The island also has three prominent condo developments: Ocean Parade Towers, Bella Vista Towers and Lakepoint Apartments. [1][2] He is the great-grandfather of Aliko Dangote, the wealthiest person in Nigeria and Africa. Marco ensures that all activities carried out in the terminals, areperformed according to highest international standards (API,Ocimf, Isgott). The 200-million-liter lubricant plant is the first of its kind in West Africa and covers the entire value chain of lubricants. "He is amazing, he is different than anybody I have seen," Dantata Jr. said. His son, Alhaji Aminu Dantata and his grandchildren like Hajiya Mariya Sunusi Dantata as well as his great-grandchildren, Aliko Dangote still finance pilgrimages of other Muslims to Mecca every year. He supplied large British trading companies with raw materials and also had business interests in the Gold Coast. 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. Consciously or unconsciously the essence of everything we do in life is to derive or to attain fullness of happiness. 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. Nigeria, Africas most populous nation, is home to some of the richest men on the continent. Owners create Shell companies for a host of dodgy business reasons. Linda is Nigerias celebrated and most popular blogger. First Avenue in the north and Second Avenue in the sound merge and run around its perimeter. More:Comporta, a Portuguese Village Where the Well-Heeled Go for Some Privacy. "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..". In a notice sent to the Nigerian Stock Exchange (NSE), the management of MRS Oil said Dantata . 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. The chunk of his wealth is believed to have been inherited from his father. He holds aBachelors degree in Economics from the ParisAcademy and has been with the MRS Groupsince 2004. Dantata, who is one of Dangote's cousins, is the founder and chairman of MRS Holdings Company Limited. The newer ones are more modern, with straight angles, and they are less elongated because they are on less land. 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 . Dantata stated that the plant will not only generate foreign exchange for the country through product exports but also meet the needs of neighboring countries. 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. "I love playing with my brother. Similarly, MRS Investments Company Limited is a shareholder company to Chalmers Shipping Incorporation, which in turn is directly connected to another shell company named Afrex Sal, also domicilled in Panama. Linkedin. In addition to Nigerias wealthiest people, Banana Island draws a variety of ex-pats from the United States, Britain, Lebanon, India and France. When the British disposed the successor of Yusufu in 1903, they appointed Abbas as the Emir of Kano. After three years of holding the shares, they all ceased to be shareholders. . Arjun Thadani controls 2,500 units of shares in Mitarj International Corporation, a client company to USA Corporate Services Incorporated (New York), which also operates from Seychelles. In essence, they are corporations that exist mainly on paper, have no physical presence, employ no one and produce nothing. Africa's Business Space At Your Finger Tips! "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. However, this did not happen. Rupert has taken steps to secure his position in the company, including appointing his son Anton to the board to ensure a long-term strategic vision for the group. Nigerian businessman Sayyu Dantata, the stepbrother of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. Documents show Dantata never sold, transferred his shares or ceased to be a shareholder till date. Exclusive shops include the handbag purveyor Zashadu, the high-fashion clothier named for the Nigerian designer Ejiro Amos Tafiri, and the functional/fashionable clothing designs of Grey. Billionaire Moves as Sayyu Dantata Dazzles Many at Polo Club with His Chopper Lifestyle June 26, 2022 HighLife There will always be several critical differences between the rich and the poor. In 195354 he became a licensed buying agent, which allowed him to sell directly to the Nigerian Groundnut Marketing board instead of another firm. 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