The contact numbers listed on MRS Holdings website failed to connect the several times our reporter called. The remarkable surge in profit by triple digits can be directly attributed to two key factors: the sale of GB Lease, the groups leasing business, and its 7.5-percent stake in MNT-Halan, a prominent fintech firm led by Egyptian entrepreneur Mounir Nakhla. 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. Headed by Director of Operations Juan Bollini, The Polo School has nurtured several men and women polo players now playing in the pro and amateur ranks since its inception. They are frequently used to shield the identities of owners and/or to hide money. Below is a list of 9prominent Nigerians who live on Banana Island as well as those who own properties on it. 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. Ovlas Trading is co-owned by Sayyu Dantata and Patrice Alberti in the name of Ovlas Trading S.A., for 75 shares with a par value of US$ 100,00 each; and in the name of Karbelina Investments LLC, for 25 shares with a par value of USS 100,00 each. Thank you for your interest in MRS Holdings Ltd. 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. 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He was the first to develop this route. A few other other allies of Dangote and Dantata were also flagged as shareholders in the shell companies used for their Panama deals. Mr. Onyenze said the islands security network, good roads, 24/7 street lighting and proximity to the waters of Lagos Lagoon make it special. Among those accounts were that of Dangote, who became an HSBC private account client in July 2003. Dantata is the founder and chairman of MRS Holdings Company Limited. Iyabo Obasanjo, the daughter of Nigerias former President Olusegun Obasanjo also resides on Banana Island. As originally planned, Banana Island was to be an uber-exclusive enclave of single-family detached estates divided into 535 property plots that ranged from 1,000 to 4,000 square meters. In 2015, her net worth was estimated to be between N1.5 billion and N2 billion. She left the children in Bebeji, in the care of an old slave woman named Tata. He traded in cattle, cloth, beads, precious stones, grains, rope and other things. (For religious reasons, his money collected no interest). One of the greatest mistake people make is to think that happiness can be . "Victoria Island is like Manhattan," Ms. Nouboue said. 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. 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. It also offers status. Prior to founding MRS in 1995, Alhaji Dantata was the Director of Dangote Transport (Dangote Group), Lagos, Nigeria. In the past, Sayyu Dantata, has been trailed by one issue or the other. Dantata could not be reached. One current listing, she said, is for NGN750 million. Dantata is the founder and chairman of MRS Holdings Company Limited. She is the daughter of late Chief M.K.O Abiola. But shell companies are not illegal, and not all owners use them to avoid tax or hide assets. 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. He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. However, this did not happen. Completed in 2000, its a billionaires paradise populated by the countrys richest and most well-known families, who savor its quiet, peaceful atmosphere far from the clamor and crowds of Lagos, the countrys largest city and financial center. She owns a property on Banana Island that has been the subject of very many controversies. And nearly every house has a gym, she added. Terms of Use, ANCIR is being incubated by Code for Africa. 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). Mariya Dantata also has a registered location at Plot 70, Sharada Industrial Area, Phase 3, Kano, Nigeria. He urged them to avoid clashes with other wealthy Kano merchants. Hermans and Bollini each had two goals and Monteverde added one.Dantata was coming off Thursday's Sterling Cup semifinal loss to Valiente. [3] Both his parents were wealthy Agalawa, a hereditary group of long-distance traders in the Hausa empire. Dangote ceased to be shareholder permanently on July 6 2009, and Dantatas number of shares doubled to 500,000 shares while MRS Oil and Gas CO, LTD retained its 500,000 shares. 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. 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. Dangotes account was in operation till August 2004. She was accused of organising a diversion of $6 billion (N1.2 trillion) from the Nigerian treasury and was arrested in London in 2015. On this trip he also went to England and was presented to George V.[2] Dantata financed the pilgrimages of other Muslims to Mecca, a tradition that continues among his descendants. We generally think that death is the equalizer of all men and that we will all answer to God. He worked for money on Thursdays and Fridays. is a great place to go on Friday nights," she said. He is my favorite teammate. This highlights the substantial value creation and significant untapped potential at GB Capital, which is one of the groups operating subsidiaries. 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. She was elected to the Nigerian Senate representing Ogun Central Senatorial District of Ogun State. The source of his wealth has been easily traced to his business dealing in the telecom and oil sector. 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. [citation needed], Dantata made a pilgrimage (hajj) to Mecca via boat in the 1920s. Abdullahi was the son of Baba Talatin, it was Baba Talatin who brought the family from Katsina to Madobi in Kano following the death of his father called Ali, Abdullahi continued to operate from Madobi until 1877, when having set out for a journey to Gonja headquarters of Kola nut trade at Ghana, his wife gave birth to Alhassan at the campsite (Zango) of Bebeji, upon his return from the journey he decided to abandon Madobi for Bebeji. Its illegal to market real estate in anything but naira.". He supplied large British trading companies with raw materials and also had business interests in the Gold Coast. Twitter. 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. Her home is currently valued at N800 million. Shortly before his death, he pointed to sixty "groundnut pyramids" in Kano and said, "These are all mine". At some point he returned to Bebeji to his religious studies and work. They are Afrex S.A clients in Panama. He is a graduate of Mechanical Engineering from Morris Brown College Atlanta- Georgia, USA. "They are very ostentatious and have nice gardens. [CDATA[ She lived in the United States for many years before finally relocating to Nigeria. 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. 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 . Amarya, like her mother-in-law, was a trader of wealth in her own right. 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. Our reputation is paramount to us and we are conscious of the downside of it. Built on a beach, it has water views and roads like those in the U.S. He used the new trade routes to Ibadan and Lagos to develop his network of trading associates. Aliko Dangote's brother, Sayyu Dantata's MRS Oil head office shut down by Government over Tax Evasion. 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 . It is dedicated to teaching polo to all ages, particularly grass roots youth. Dangote was hurled into prominence when Forbes listed him as one of the richest men in the world. PAIA Manual | 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. that he used to purchase about half of all the nuts purchased by the United Africa Company in northern Nigeria. 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. Documents show Dantata never sold, transferred his shares or ceased to be a shareholder till date. First Avenue in the north and Second Avenue in the sound merge and run around its perimeter. His mother, who had never remarried, died in Accra around 1908. He remained in Bebeji until matters had settled down. Because we do, we have not once in nearly 40 years of operation been charged with criminal wrongdoing. 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. 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. Thats the price for each of the twin townhouses on 600 square meters of land. He did not own a house there, but was satisfied with the accommodation given to him by his patoma (landlord). [6], Dantata maintained a house in Bebeji and had no property in the larger trading town of Kano. 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 established merchants of Kano like Umaru Sharubutu, Maikano Agogo accepted their offer. 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 wealthiest men in West Africa; Kola Abiola, the son of the businessman/politician MKO Abiola; identical twins Peter and Paul Okoye, aka P-Square, the Nigerian R&B duo; and Nigerian mega-blogger Linda Ikeji. 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 is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. [1][2] He is the great-grandfather of Aliko Dangote, the wealthiest person in Nigeria and Africa. The acquisition may face hurdles as Johann Rupert, the South African billionaire who leads Richemont, has shown resistance to potential takeovers. 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 . 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. There were two claimants to the Kano Emirate when Emir Muhammad Bello died in 1893. "I won my debut, that's a good thing. In addition to Dantata Jr., Hope Arellano had three goals and Peco Polledo added two goals. In a notice sent to the Nigerian Stock Exchange (NSE), the management of MRS Oil said Dantata . 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. It is a clear indication that, despite the challenges posed by the global pandemic, Nigerian businessmen and captains of industries are determined to continue investing in and developing the countrys economy. Filing legal paperwork to help incorporate a company is a very different thing from establishing a business link with or directing in any way the companies so formed, Carlos Sousa, the companys public relations director, said in a statement to ICIJ. 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. I just went in wanting to do my best and play hard. ", Mr. Onyenze remains convinced that the "real estate market looks promising in the future, as there are visible signs of massive development in progress. For art, residents head to Ikoyi, which is five minutes away by car. This started in 2009 and he has gone on to be named the richest man in Africa; year after year. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. She was also accused of awarding multi-billion Naira contracts without recourse to due process. 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. 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. The Worlds Best Cross-BorderInvestigative Team, ANCIR is not responsible for the content of external sites | 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 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. To mitigate the impact of rising raw material costs on earnings in the current fiscal year, the management is now pursuing strategic restructuring and operational re-engineering efforts to reduce both fixed and variable costs. 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. During the announcement of the new brand identity for the group, Nader Ghabbour, the CEO of GB Auto, revealed that the companys new identity strategy focuses on two main pillars: digital transformation and sustainable development. "A big set of people are tenants in the high-rises," Ms. Nouboue said. Richemont ranks as the fourth-largest luxury company globally, boasting a market capitalization of almost $79 billion. They work for multinationals as well as the mega mobile-network operator Etisalat Nigeria; Airtel Nigeria, the provider of prepaid, postpaid mobile and 4G services; Ford Foundation Nigeria, a nonprofit whose mission is to advance human welfare; and the law firm of Olaniwun Ajayi & Co., which all have headquarters there. 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. 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. Africa's Business Space At Your Finger Tips! Shares of the company are currently trading at EGP10.79 ($0.352), representing a 1.8-percent increase from their opening price on the Egyptian Exchange this morning. [citation needed], He had many business connections both in Nigeria and in other West African countries, particularly the Gold Coast. Nigerian businessman Sayyu Dantata, a cousin of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. Dangote and Dantata have allegedly used their multiple companies in Nigeria and other countries to secure huge loans. Tundun leads a largely quiet lifestyle with the exception of rare appearances at social events. In 1929, when the Bank of British West Africa opened a branch in Kano, Dantata placed 20 camel-loads of silver coins in it. 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. The chunk of his wealth is believed to have been inherited from his father. An engineer by profession, he started his career as the transport director with his uncles company and rose through the organization. [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. 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. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). Please contact us using the information below. News ), 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. 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. The company views the launch of the plant as a step in facilitating the growth of the Nigerian economy and as a positive indication of the potential for more such investments in the future. The bank helped questionable characters conceal their wealth despite knowing their sources, and devised ways to hide the identities of the owners of the secret accounts from governments around the world. Delivers the most important property news around the world to your inbox each weekday. On the same date also, a company they both own as at 2003, MRS Oil and Gas Co. Limited bought 25,000 numbers of shares from OVLAS S.A. The billionaire recently launched Bestaf Lubricant Plant, a subsidiary of MRS Group. By Godwin Oritse. [citation needed], In 1918, the UK-based Royal Niger Company (later became the United Africa Company) searched for an agent to purchase groundnuts for them, and Dantata responded to their offer. [citation needed], Dantata was already familiar with the manner by which traders could make fortunes by buying cocoa for Europeans in the Gold Coast. [citation needed], Dantata applied for a licence to purchase and export groundnuts in 1940, on the same level as the United Africa Company. Dangote, alongside his half brother, Sayyu Dantata, the founder of MRS Holdings (a leading West African oil-marketing firm, which acquired Chevron-Texacos downstream assets in 2007) bought equal shares of 12,500 each from OVLAS S.A, a shell company registered in Seychelles, on October 6 2003. DISCLAIMER: The currency conversion is provided for illustration purposes only. He is largely regarded as being socially invisible and this stems from the low profile he has maintained over the years. However, it was not granted because of worldwide military and economic conditions. In addition to Nigerias wealthiest people, Banana Island draws a variety of ex-pats from the United States, Britain, Lebanon, India and France. I tried my best. From Femi Otedola to Aliko Dangote, billionaire Mike Adenuga, and even Tony Elumelu. 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. He purchased some items in Bebeji, he sold half of them on the way and the rest in Accra. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. 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. Kola Abiola is one of Nigerias low-key millionaires. According to the documents, three years after they existed as shareholders of the company, the trio Dangote, Dantata and M.R.S Oil and Gas Company Limited ceased to be shareholder in the company. In essence, they are corporations that exist mainly on paper, have no physical presence, employ no one and produce nothing. ", COPYRIGHT 2023 MANSION GLOBAL. Instead of bringing kola nuts on pack animals, he used steamships to transport them between Accra, Kumasi, Sekondi and Lagos. WhatsApp. PPPRA Read on to find out all about this young billionaire and his newly launched Bestaf Lubricant Plant, which was recently declared open by President Muhammadu Buahri. It's definitely different playing mixed polo but I love it.". 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. 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. Tukur was his son. His venture into the Oil and Gas industry in 1993resulted in the establishment of the MRS Group in1995. He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. Yusufu had been passed over when Bello became Emir. Dantata worked harder in Ghana than he did in Bebeji. Nigerian billionaire, Aliko Dangote owns the Dangote Group, which has interests in commodities. This drop was driven by an increase in raw material costs as well as a surge in both production costs and operating expenses. wealth and financial magazine, Forbes namedBanana Islandin Lagos as themost expensive neighbourhoodand place to live in Nigeria. Privacy Policy | //
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