Islamic Reform and Political Change in Northern Nigeria, Northwestern University 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]. It's definitely different playing mixed polo but I love it.". "The way he plays, his style, he is just unique. The world's premier source of news on Africa's billionaires and UHNWIs. Many people using offshore companies do so legally and offshore companies indeed have many legal purposes. It is dedicated to teaching polo to all ages, particularly grass roots youth. Dantata's share of cash from the will was over $12,000 but he was already wealthy by that time. In 2012, her blog was worth $1.2 million. Please contact us using the information below. Olivera led Mashomack with a team-high five goals. 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. An engineer by profession, he started his career as the transport director with his uncles company and rose through the organization. This page is not available in other languages. Sign up with your email address to receive news and updates. 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. Of this, the facility is expected to deliver about 200 million litres of lubricant per year. Dantata started his career as Director of the Engineering and Transport. Follow me on Twitter@ EmperorDIV. Oluwa shine ur blessing on me. According to Dantata, the plant will not only generate foreign exchange for the country through product exports but also meet the needs of neighbouring countries. The source of his wealth has been easily traced to his business dealing in the telecom and oil sector. Like most startups, it took a while before his company got a grip of the oil market. 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. 1 Like 1 Share Re: Owner Of The Mansion Chris Brown Stayed In Nigeriaby RickyRoss1(m): 11:27pmOn Dec 25, 2012 Breakdown Of Sayyu Dantatas NSE Fortune, MRS Oil: his stake is worth N10.2 billion ($67 million), Source: Honeywell Flour Mills, First Bank. A former bank chief, Egwuenu is the second largest individual shareholder of the Zenith Bank Group. 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. Omooo com see level ?. She is the daughter of late Chief M.K.O Abiola. March 25, 2022. 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 $7 MILLION TO COMBAT EBOLA, AfDB, others Commit to Joint Action to Speed up Special Agro-Industrial Processing Zones in Africa. However shell companies are at times used for tax avoidance. Dangote has been repeatedly listed by Forbes for his wealth. At that time, the Nigerian government was the sole importer of diesel and there were shortages of the product largely. In a similar development in September 2014, Sani Dangote, younger brother to Dangote, was dragged before a Federal High Court in Lagos over his alleged failure to liquidate about N5 billion loan granted him by Union Bank. Dantata made the 5th position on the list of the richest men in Northern Nigeria. Ovlas Trading is co-owned by Sayyu Dantata and Patrice Alberti in the name of Ovlas Trading S.A., for 75 shares with a par value of US$ 100,00 each; and in the name of Karbelina Investments LLC, for 25 shares with a par value of USS 100,00 each. I just went in wanting to do my best and play hard. Given at Victoria, Seychelles.. He used the inheritance to revive his transport and lorry business. Documents show Dantata never sold, transferred his shares or ceased to be a shareholder till date. 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. harunawaleed (@harunawalid) June 25, 2019, [READ ALSO: Is Forte Oil Plc considering changing its name following acquisition?]. 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 . 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. The MRS Group had just three staffers at its inception, but today boasts of about two thousand (200) employees on its payroll. We thank you for upholding the principal ethics in journalism when in doubt, check. [CDATA[ 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 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. That remains unclear. The lubricant plant comes with a capacity to produce as many as 1,700 different products in the petroleum chain. Corlay Global S.A. and SID Holdings Group are among other companies owned by MRS Holdings and Dantata. 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. 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Previously, he worked as a journalist at Nairametrics. 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. Tom G. Forrest. 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 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. For additional information on our products/services or our industry expertise, please visit the appropriate page on our site. Nigerians who live on Banana Island include a growing list of prominent Nigerians and expatriates who have incredibly deep pockets and can afford to spend millions of naira on a property. Press, 1997. p 65-70. See More, 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. Nigerian businessman Sayyu Dantata, the stepbrother of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant 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. I chronicle Africa's success stories and track its richest people, he received Nigerian Central Bank approval to invest $4 billion outside the country. Monitor your investments 24 hours a day, around the clock from around the globe. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address! It has been said that his half-brother, Aliko Dangote, was the one who paid his fees. 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. He has been a Non-Executive Director of Nigerian TelecommunicationsLimited since 2008. [1] Were proud of the work we do, notwithstanding recent and willful attempts by some to mischaracterize it.. While other people's fortunes wax and wane according to. The value of the shares is based on prices at the end of trading on August 9, 2011. He had his education at the Morris Brown College in Atlanta-Georgia, United States of America. She owns a property on Banana Island that has been the subject of very many controversies. Hermans and Bollini each had two goals and Monteverde added one.Dantata was coming off Thursday's Sterling Cup semifinal loss to Valiente. He is a seasoned mechanical engineer by training. The companys stock is down 16% since it floated shares; yet to bounce back to IPO price. He was a director of the Nigeria branch of Shell B.P. I tried my best. The groups operations span several West African countries, including the Benin, Togo, Cameroon, and Cote dIvoire. 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. But in an arrangement that seems curious, Dangote was issued a higher amount of shares 250,000 on the same day he resigned. Opinions expressed by Forbes Contributors are their own. His passport to the nation's sweet crude is the MRS. Dantata is a cousin of Aliko Dangote, and is one of Nigeria's most popular polo patrons. 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. They have had to buy diesel from foreign firms who were then receiving allocations despite having no offices of their own in the country. 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. 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 . Marco ensures that all activities carried out in the terminals, areperformed according to highest international standards (API,Ocimf, Isgott). Feeding African Cities: Studies in Regional Social History, Indiana University Press, 1987. p 87-91. Nigerian is a Nigerian politician and the first female President of OPEC. 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. //