"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. - Sayyu Dantata - Son of Alhassan Dantata - the wealthiest man in West Africa at the time of his death in 1955.-Kola Abiola - son of MKO Abiola - prominent businessman, publisher and politician. MRS Holding particularly popped up regularly as multiple shareholder company for other companies linked to Dangote and Dantata in Panama. Because we do, we have not once in nearly 40 years of operation been charged with criminal wrongdoing. In 2015, her net worth was estimated to be between N1.5 billion and N2 billion. Diezani was, however, not officially charged or tried for these allegations and has strongly denied any wrongdoing. He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. 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. [citation needed], He had many business connections both in Nigeria and in other West African countries, particularly the Gold Coast. At the time of his death he was the wealthiest man in West Africa. 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. Its by invitation only. Yusufu received his religious training from Qaadiriyya schools. A dedicated road connects it to a network of roads near Parkview Estate. WhatsApp. In the resulting civil war, Yusufu forces were victorious over Tukur, and claimed the title of emir. 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. Mr. Sayyu I. Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). window.__mirage2 = {petok:"NU1XWiS0aIgqL2kNAZJSViJcfj6ZI_mmTiSkiHqpr5Y-3600-0"}; He is a graduate of Mechanical Engineering from Morris Brown College Atlanta- Georgia, USA. He had substantial amounts of capital. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. founder and chairman of MRS Holdings Company Limited, nine-month period ending December 31, 2022. He graduated in 1979 with a Bachelor of Science degree in Accounting and has been said to have a net worth of N10 trillion. 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. In 1929, when the Bank of British West Africa opened a branch in Kano, Dantata placed 20 camel-loads of silver coins in it. Corlay Global S.A. and SID Holdings Group are among other companies owned by MRS Holdings and Dantata. Despite an impressive 16.2-percent increase in revenue from EGP11.4 billion ($372.1 million) to EGP13.26 billion ($432.9 million), the Khamis-led company experienced a nearly 22-percent profit decline from EGP1.21 billion ($39.4 million) in 2021 to EGP944.17 million ($30.8 million) in 2022. "Typically, a very large percentage of homes are customized, while a few are large estates accommodating a number of prototype houses," he said. He had several advantages over other Kano business men: language, wealth and age. To keep reading for free, please enter your email! 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. 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. Three days later he died in his sleep on Wednesday 17 August 1955. ", More:Fiesole, Italy, Offers a Village Feel Just Outside Florence. Ikoyi also is a shopping destination. 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. Like in the case of Ovlas S.A, Mr. Dangote suddenly ceased to be shareholder. Thank you for your interest in MRS Holdings Ltd. View profiles of the MRS board and our executive management team. Given at Victoria, Seychelles.. Below is a list of 9prominent Nigerians who live on Banana Island as well as those who own properties on it. 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. 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. One current listing, she said, is for NGN750 million. Nigerian businessman Sayyu Dantata, a cousin of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. 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. Bola Ahmed Tinubu popularly known asJagabanis a former Lagos State Governor (1999-2007) and astute politician. She is the daughter of late Chief M.K.O Abiola. 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. Dantata serves as a Director of Hydro Alternative Energy, Inc. and has been a Non-Executive Director of Nigerian Telecommunications Limited since August 2008. (For religious reasons, his money collected no interest). Despite the famine in Kano in 1914, he quickly dominated the groundnut purchasing business via promotions, loans and contacts. 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. Despite several documents linking Dangote to those offshore companies, the businessmans spokesperson insisted he never had any relationship with the offshore entities. Its illegal to market real estate in anything but naira.". "Banana Island is all about location," she said. Their company, MRS Oil and Gas, was re-issued 500,000 shares. Its' mission is to provide individuals opportunities in polo at every economic and ability level. More:Marshan Offers the Very Best of Tangiers Enduring Allure. Please contact us using the information below. More:Comporta, a Portuguese Village Where the Well-Heeled Go for Some Privacy. 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. 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. Tukur was his son. Dantata started his career as Director of the Engineering and Transport. [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. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. Although Banana Island School, which enrolls boys and girls who are 1 to 5 years old, and Olive Dale Preparatory School, which is a nursery-through-primary school, are the only ones on the island, there are a variety of top-notch schools in Ikoyi. "As Banana Island did in the beginning, it restricts the types of homes that can be built. Again, they resumed possession of the shares again as in the previous time, but this time it seems Dangote sold his shares to Dantata and M.R.S Oil and Gas Company Limited. There were two claimants to the Kano Emirate when Emir Muhammad Bello died in 1893. The surge in sales can be attributed to the rise in sales in Japan, which soared from less than 855 million ($929 million) in 2022 to almost 1.29 billion ($1.4 billion), along with better-than-expected sales in Europe, despite geopolitical tensions sparked by the Ukraine war. I tried my best. Sayyu Idris Dantata is Former Chairman at Mrs Nigeria PLC. His venture into the Oil and Gas industry in 1993 resulted in the establishment of the MRS Group in 1995 Dantata is the founder and Chairman of MRS Holdings Company Limited. 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. "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. MARCO STORARI manages all aspects of oil storage terminalsoperations at MRS Terminals in West Africa which is over 350,000m3 storage depots. It remains unclear whether Dangote and his associates used their shell companies to buy any such service from Fonseca. with legendary father/son duo of Adolfo Cambiaso and his 14-year-old son Poroto, ready . After a rest of only one day, she took him to a mallam and asked Dantata to stay there until he was ready to return to Bebeji. Dantata and his brothers were held for ransom, under the threat of slavery. Abdullahi's children were too young to manage his considerable wealth. First Avenue in the north and Second Avenue in the sound merge and run around its perimeter. 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. Aliko Dangote's brother, Sayyu Dantata's MRS Oil head office shut down by Government over Tax Evasion. With Mashomack leading 9-8 early in the sixth chukker, Dantata Jr. scored the tying goal with 3:23 left in the game. [2] It is said[by whom?] But in an arrangement that seems curious, Dangote was issued a higher amount of shares 250,000 on the same day he resigned. 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. 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. Pinterest. He dealt not only in groundnuts and kola but also in other merchandise. 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. "Its elegant, and they invite the biggest DJs in the world. In some cases, the issues have had to do with his personal life, while at other times it had to do with his business. When the British disposed the successor of Yusufu in 1903, they appointed Abbas as the Emir of Kano. Apartment buildings, Mr. Onyenze said, come fully stocked with amenities that include fitted kitchens, walk-in-wardrobes, intercom systems, security surveillance systems and standby generators. Diezani was charged with responsibility for $20 billion missing from the Petroleum agency. Sayyu Dantata. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. [citation needed], Dantata was still a teenager when the great upheavals occurred in the Kano Emirate from 1893 to 1895. It is a 200 million-liter lubricant processing plant that is acclaimed as the first of its kind in West Africa and covers the entire value chain of lubricants. He is largely regarded as being socially invisible and this stems from the low profile he has maintained over the years. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. "Then he gave her to me. He remained in Bebeji until matters had settled down. His presence as a resident of Banana Island doesnt come as a surprise. Sanwo-Olu described the facility as an integrated first-class factory and highlighted the presidents excitement that the countrys captains of industry had continued to rise above all odds despite the global pandemic challenge. The billionaire recently launched Bestaf Lubricant Plant, a subsidiary of MRS Group. ", He said Banana Islands exclusivity always will remain attractive to "the highest echelon of the society.". Mike Adenuga, the billionaire owner of Globacom, the countrys second largest telecom operator and of the oil exploration firm Conoil, lives on the island, according to Ms. Nouboue and published reports. He implored them to continue to marry within the family as much as possible. Ovlas Trading is co-owned by Sayyu Dantata and Patrice Alberti in the name of Ovlas Trading S.A., for 75 shares with a par value of US$ 100,00 each; and in the name of Karbelina Investments LLC, for 25 shares with a par value of USS 100,00 each. 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. and was honoured by the Federal Government of Nigeria with the title of the Grand Commander of the Order of the Niger. 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. All Rights Reserved. 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. //