But dont feel sorry for him: Ovia still remains the banks largest individual shareholder, controlling nearly 10%. Nigerian billionaire and CEO MRS Holdings Ltd, Sayyu Dantata, was recently spotted flying his chopper from Victoria Island in Lagos to Apapa. He has been a Non-Executive Director of Nigerian TelecommunicationsLimited since 2008. Dantata is the companys largest individual shareholder, controlling about 60% of the company. harunawaleed (@harunawalid) June 25, 2019, [READ ALSO: Is Forte Oil Plc considering changing its name following acquisition?]. From the look of things Lagos road hold up will now switch to airspace hold up. Sanusi Dantata (c. 1919 15 April 1997) was a Nigerian entrepreneur and son of Alhassan Dantata. Caverton releases statement following VPs crash landing], SON partners Nigerian Army to actualise vehicle assembly initiative], Is Forte Oil Plc considering changing its name following acquisition? AMINA MAINA oversees all trading, supply, and operations of thegroups activities spanning over 6 countries, including Nigeria. 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. He is largely regarded as being socially invisible and this stems from the low profile he has maintained over the years. 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. He is a seasoned mechanical engineer by training. PAIA Manual | Dantata made the 5th position on the list of the richest men in Northern Nigeria. 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. Sayyu is Africa's Wealthiest Man Aliko Dangote's cousin. Central Bank of Nigeria She owns a property on Banana Island that has been the subject of very many controversies. 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. Honeywell Flour Mills: Owns stake worth N 4.8 billion ($32million), First Bank: Owns stake worth N4.79 billion ($31.3 million). But this is just a little scratch on the surface. Given at Victoria, Seychelles.. Sayyus personal interest is listed as Polo Games and uplifting the people. p 209. 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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. 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. Breakdown Of Sayyu Dantata's NSE Fortune. "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. Some members of this system engage in buying goods from restricted rural areas and transporting it to the city where another group of agents in the Urban area buys the goods and store them instead of Dantata. Dangote was hurled into prominence when Forbes listed him as one of the richest men in the world. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. -Kola Abiola - son of MKO Abiola - prominent businessman, publisher and politician. Scholarships are available. With this capacity, the company is thus set to give well-known brands such as Total Nigeria Plc, Ammasco International Limited, 11 Plc, Oando Plc, Tonimas Nigeria Ltd, Forte Oil Plc, and Conoil Plc a run for their money. Sayyu Dantata, billionaire cousin of Africa's Richest person Aliko Dangote, has launched a $450 million lubricant plant in Lagos through Bestaf Lubricant Limited. Worth a staggering US$15.4 billion, Nigerias businessman and industrialist, Aliko Dangote, is on the Forbes Rich List as the wealthiest man in Africa. He used the inheritance to revive his transport and lorry business. In 2015, her net worth was estimated to be between N1.5 billion and N2 billion. Nigeria, Africas most populous nation, is home to some of the richest men on the continent. After snooping around and asking questions, I found that the mansion located on Banana Island Ikoyi belongs to oil magnate Sayyu Dantata. This page is not available in other languages. Documents show Dantata never sold, transferred his shares or ceased to be a shareholder till date. Seychelles is a well-known tax haven used by businessmen and politicians and celebrities to perpetrate shady business deals. Prior to foundingMRS in 1995, Alhaji Dantata was the Director ofDangote Transport (Dangote Group), Lagos,Nigeria. He had his education at the Morris Brown College in Atlanta-Georgia, United States of America. "I love playing with my brother. About Sayyu Dantata: Alhaji Sayyu Idris Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd, formerly known as the MRS Group. 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 widely regarded as the presumed winner of the 1993 presidential elections. Spear magazine (a Daily Times Publication), P. 23. Some even pointed out that this might be the season of helicopters, even as wealthy Nigerians continue to showcase their opulence. Hermans and Bollini each had two goals and Monteverde added one.Dantata was coming off Thursday's Sterling Cup semifinal loss to Valiente. Alhaji Alhassan Dantata was a Nigerian businessman who was the wealthiest man in West Africa at the time of his death. It is a 200 million-liter lubricant processing plant that is acclaimed as the first of its kind in West Africa and covers the entire value chain of lubricants. The Nation. Content created and supplied by: studio.opera.com (via Opera 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. (1963). MARCO STORARI manages all aspects of oil storage terminalsoperations at MRS Terminals in West Africa which is over 350,000m3 storage depots. She was accused of organising a diversion of $6 billion (N1.2 trillion) from the Nigerian treasury and was arrested in London in 2015. 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. 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. 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. She survived an assassination attempt in 2003 and is known for her political ambition and affiliations. [READ MORE: Caverton releases statement following VPs crash landing], Staff hail billionaire #SayyuDantata, as he personally flies his chopper to work to beat the #Apapa traffic, today, in Lagos, A post shared by Instablog9ja (@instablog9ja) on Jun 25, 2019 at 12:00pm PDT. PATRICE ALBERTI is currently the Vice Chairmanof MRS Group of Companies. [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. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). 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. It remains unclear whether Dangote and his associates used their shell companies to buy any such service from Fonseca. 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]. For instance in 2010, the management of Bank PHB, a Nigerian bank, dragged M.R.S Holdings Limited, owned by Dantata, to court over the non- payment of US$58 million loan the bank granted it to purchase Chevron Texaco in 2008. MRS Oil: his stake is worth N10.2 billion ($67 million) Oba Otudeko View profiles of the MRS board and our executive management team. Managing Director of Bestaf Trading Company Andreas Wielsch stated that, with the lubricant plant, the company will be able to produce about 50 percent of Nigerias annual lubricant consumption of about 364 million liters. The Advance of African Capital: The Growth of Nigerian Private Enterprise, University of Virginia Press. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. She was elected to the Nigerian Senate representing Ogun Central Senatorial District of Ogun State. 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. XE Currency Converter He supplied large British trading companies with raw materials and also had business interests in the Gold Coast. I love her. Dantata, who is Dangote's stepbrother, is the founder and chairman of MRS Holdings Company Limited. 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. He is the Director of Engineering . The M.R.S Investments Companies mentioned earlier is a subsidiary of MRS Holdings. . Sayyu Dantata, chairman MRS Oil chairman, has tendered his resignation as chairman of the company. Staff Login Here is a video of Sayyu Dantata flying his new $2m Helicopter-Chopper from the MRS Head Office in VI to his warehouses in Apapa. 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. An engineer by profession, he started his career as the transport director with his uncles company and rose through the organization. Opinions expressed by Forbes Contributors are their own. 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. She obtained a B.Sc in Business Administration from the AhmaduBello University, Zaria, Nigeria in 1998. Tinubu owns a growing list of properties in Lagos (over 22) and Abuja including his property on Banana Island. Alhaji Dantata is a mechanical Engineer. Business career [ edit] This literary means they resold the shares back to themselves. The chunk of his wealth is believed to have been inherited from his father. Unknown to many, there are other several relatively unknown billionaires who make power moves behind the curtain and are controlling enormous wealth through several businesses. "I don't know what happened in that last chukker," Dantata said. 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. //]]> Will Apollo Offer THG a Route Out of Its Troubles? Jane I. Guyer. Privacy Policy | ], Oando announces resignation of Non-Executive Directors amidst managerial crises. "She came from my dad and it was one of my dad's best horses forever," Arellano said. 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. He is a seasoned mechanical engineer by training. A former bank chief, Egwuenu is the second largest individual shareholder of the Zenith Bank Group. 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. It is dedicated to teaching polo to all ages, particularly grass roots youth. Despite several documents linking Dangote to those offshore companies, the businessmans spokesperson insisted he never had any relationship with the offshore entities. Because we do, we have not once in nearly 40 years of operation been charged with criminal wrongdoing. 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