He started his career as Director of the Engineering and Transport Division of Dangote Group, the biggest Nigerian conglomerate. He has also served as a Director at Transnational Corporation of Nigeria Plc. "Then he gave her to me. served as a Director at MRS Holdings Ltd and Transnational Corporation of Nigeria Plc. He is a seasoned mechanical engineer by training. The young Alhassan was brought up in the care of an old slave woman, who was known as "Tata" from which circumstance young Alhassan became known as Alhassan Dantata because of her role as his mother. He started his career as the transport director with the . Sayyu Dantata. He holds aBachelors degree in Economics from the ParisAcademy and has been with the MRS Groupsince 2004. Record producer Kenny Beats takes us on a journey from Berklee College of Music to blowing up the electronic dance music scene to reemerging as a sought-after hit maker and content creator, all while building one of the most interactive, music-obsessed communities on the internet. Islamic Reform and Political Change in Northern Nigeria, Northwestern University His father left a will to be shared among his nineteen children and three wives following Maliki law. Honeywell Flour Mills: Owns stake worth N 4.8 billion ($32million), First Bank: Owns stake worth N4.79 billion ($31.3 million). Dantata made the 5th position on the list of the richest men in Northern Nigeria. Dantata could not be reached. Sayyu Dantata's $450 million Bestaf lubricant plant. The group's operations span several West African countries, including the Benin Republic, Togo, Cameroon, and . MARCO STORARI manages all aspects of oil storage terminalsoperations at MRS Terminals in West Africa which is over 350,000m3 storage depots. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. It is dedicated to teaching polo to all ages, particularly grass roots youth. The commodities titan reigns supreme in Nigerias capital markets. Net Worth: $300 million. 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. 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. Bollini scored the final goal with six seconds left. Yes! Prior to joining MRS Group, he held anumber of positions over a period of 20 years invarious banks in Europe, including BNP Paribasand Banque Arabe International,DInvestissment, Banco Central SA, to mention afew. 7 billion ($220.5 million). Sayyu Idris Dantata, Mrs Nigeria PLC: Profile and Biography - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg. Mr. Sayyu I. Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). window.__mirage2 = {petok:"cT723aH5hvqF60q1AYllx84G_kL0xtl.Igad039b6Eg-3600-0"}; The value of the shares is based on prices at the end of trading on August 9, 2011. Despite his remarkable career as one of the greatest rappers of all time, Jay-Z amassed his $2.5 billion fortune from his diverse investments. 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. Kola Abiola is one of Nigerias low-key millionaires. This literary means they resold the shares back to themselves. Sayyu Dantata acquired a majority stake in MRS Oil Plc in March 2009 through a shell company Corlay Global SA. (1963). 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. Business career [ edit] According to documents available to Premium Times, on the same day, Dangote was re-issued a higher number of shares 250,000. 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. The son of the slain businessman, politician, publisher and winner of the 1993 presidential elections in Nigeria, M.K.O Abiola. 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? Central Bank of Nigeria "I am happy I won," Dantata Jr. said. His venture into the Oil and Gas industry in 1993resulted in the establishment of the MRS Group in1995. Many of Dantatas employees could be heard hailing him as he expertly landed and stepped out. We thank you for upholding the principal ethics in journalism when in doubt, check. Dangote plans to channel the funds into the construction of a new cement manufacturing facility in Cote DIvoire. Markets never sleep, and neither does Bloomberg News. 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. Many people using offshore companies do so legally and offshore companies indeed have many legal purposes. The reclusive banker co- founded the Zenith Bank Group in 1990, and grew into one of West Africas largest financial services providers by market capitalization ($2.5 billion) and asset base. Dantata owns MRS Petroleum. This page is not available in other languages. There have been many instances where the wealthy in Nigeria 'oppress' their poor neighbours with their wealth,. Olivera led Mashomack with a team-high five goals. 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. 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. PAIA Manual | p 209. The companys stock is down 16% since it floated shares; yet to bounce back to IPO price. Roman Loimeier. He supplied large British trading companies with raw materials and also had business interests in the Gold Coast. 2023 Billionaires.Africa. Thereafter, he added groundnut produce buying and transport and haulage as part of his enterprise. "She came from my dad and it was one of my dad's best horses forever," Arellano said. As an entrepreneur and billionaire owner of Globacom, Nigerias second-largest telecom company, Mike Adenuga is a man with luxurious tastes. The company's market capitalization has surged by $42 million since the news of the acquisition broke on April 12. Omokolade is a seasoned financial analyst and reporter with in-depth knowledge of and expertise in equity markets, and financial and economic analysis. After three years of holding the shares, they all ceased to be shareholders. In 2012, her blog was worth $1.2 million. All Rights Reserved. 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. 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. Marco ensures that all activities carried out in the terminals, areperformed according to highest international standards (API,Ocimf, Isgott). 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. AMINA MAINA oversees all trading, supply, and operations of thegroups activities spanning over 6 countries, including Nigeria. harunawaleed (@harunawalid) June 25, 2019, [READ ALSO: Is Forte Oil Plc considering changing its name following acquisition?]. Sayyu Dantata comes from a wealthy his surname can prove dad; according to Forbes "Dantata" was once the richest man in Africa just like . She is the daughter of late Chief M.K.O Abiola. Previously, he worked as a journalist at Nairametrics. 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. Dangote is pursuing international expansion. In addition, Sayyu Dantata owns a total of 25 million units of shares in Corlay Global S.A, a company that is a client to Afrex Sal and also located at Plot 70, Sharada Industrial Area, Phase 3 Kano, Nigeria. He graduated in 1979 with a Bachelor of Science degree in Accounting and has been said to have a net worth of N10 trillion. This started in 2009 and he has gone on to be named the richest man in Africa; year after year. He is a seasoned mechanical engineer by training. 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. "He is amazing, he is different than anybody I have seen," Dantata Jr. said. He now runs Visafone, a Nigerian telecom outfit he founded in 2006. Dantata is the companys largest individual shareholder, controlling about 60% of the company. He also serves as a non-executive director of the companys board. Having studied the complex allocation process, he set up MRS Oil in 1995 with an initial 5-million-naira startup capital. The business magnate also. Leave Application He was a director of the Nigeria branch of Shell B.P. 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. Nigerian Gas Association. "I love playing with my brother. One of such men is Sayyu Idris Dantata. She was also listed as Nigerias Highest Paid Blogger by Forbes in August 2016. 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. Nigerian billionaire and CEO MRS Holdings Ltd, Sayyu Dantata, was recently spotted flying his chopper from Victoria Island in Lagos to Apapa. Monitor your investments 24 hours a day, around the clock from around the globe. Its' mission is to provide individuals opportunities in polo at every economic and ability level. 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 . She owns a property on Banana Island that has been the subject of very many controversies. Alhaji Alhassan Dantata was a Nigerian businessman who was the wealthiest man in West Africa at the time of his death. 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. Grand Champions Polo Club13444 South Fields RoadWellington, FL 33414. Dantata, who is Dangote's stepbrother, is the founder and chairman of MRS Holdings Company Limited. Tinubu owns a growing list of properties in Lagos (over 22) and Abuja including his property on Banana Island. Mr. Alhaji Sayyu Idris Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). However shell companies are at times used for tax avoidance. Shell companies are usually domiciled in notorious tax havens like Cayman Island, Monaco, Panama, Samoa, Switzerland, Luxembourg, Hong Kong, Singapore, Lebanon, Mauritius, British Virgin Islands, St. Lucia, Belize, Macao and close to a hundred others; usually tiny countries. Dantata, who is Dangotes stepbrother, is the founder and chairman of MRS Holdings Company Limited. [4], He was also a personal friend of the Qadiriyya scholar, Ali Kumasi and supported some of the latter's religious works in Kano. 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. From the look of things Lagos road hold up will now switch to airspace hold up. 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. In addition, Sayyu Dantata owns a total of 25 million units of shares in Corlay Global S.A, a company that is a client to Afrex Sal and also located at Plot 70, Sharada Industrial Area, Phase 3 . That happened on October 12, 2012. "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. Their company, MRS Oil and Gas, was re-issued 500,000 shares. In the 1960s, he was the largest licensed produce buying agent of groundnut in Nigeria. 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. Dangote Cement: his stake is worth NN 1.76 Trillion ($11.5 billion), Dangote sugar: stake is worth N87.95 billion ($574.8 million), Dangote Flour Mills: stake is worth N59.48 Billion ($389 million), National Salt Company: stake is worth NN7.57billion ($49.5 million). Sayyu Dantata is the billionaire cousin of Alhaji Aliko Dangote, Africas richest man and Chairman of the Dangote Group. 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. He then started buying diesel from AP, Unipetrol, and the Kaduna Refinery. In a notice sent to the Nigerian Stock Exchange (NSE), the management of MRS Oil said. "Arellano got the opportunity to play with her brother Lucas, 20, who subbed for Dantata Sr. "It was so much fun today," Arellano said. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). "I don't know what happened in that last chukker," Dantata said. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. - Sayyu Dantata - Son of Alhassan Dantata - the wealthiest man in West Africa at the time of his death in 1955. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). For additional information on our products/services or our industry expertise, please visit the appropriate page on our site. Nigerian billionaire, Aliko Dangote owns the Dangote Group, which has interests in commodities. He has an estimated net worth of $4.1 billion and the figures continue to soar. Alhaji Sayyu Idris Dantata, Aliko Dangotes half-brother, is the Founder and Chief Executive Officer of MRS Holdings Limited (Formerly known as MRS Group). Terms of Use, ANCIR is being incubated by Code for Africa. Press, 1997. p 65-70. He has also served as a Director at Transnational Corporation of Nigeria Plc. Her home is currently valued at N800 million. Like in the case of Ovlas S.A, Mr. Dangote suddenly ceased to be shareholder. 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. Please contact us using the information below. The Polo School operates in Wellington January through May and September through November. 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. Is the Founder and chairman of MRS Holdings company Limited the Kaduna Refinery stepped out his venture the! Do so legally and offshore companies do so legally and offshore companies indeed have many legal purposes position on list... 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