Alhassan Dantata ( ( Listen); 1877 - 17 August 1955) was a Northern Nigerian trader in kola nuts and ground nuts, and he was a distributor of European goods. Sayyu Dantata is the billionaire cousin of Alhaji Aliko Dangote, Africas richest man and Chairman of the Dangote Group. The Advance of African Capital: The Growth of Nigerian Private Enterprise, University of Virginia Press. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform His venture into the Oil and Gas industry in 1993 resulted in the establishment of the MRS Group in 1995 [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. Oil mogul Sayyu Dantata has chiselled his name on the stone which the names of members of the exclusive club of billionaires is etched. The 2.6 TB files, involving 214,488 entities, also reveal details about how former gun-runners, contractors and other members of the spy world use offshore companies for personal and private gain. The companys stock is down 16% since it floated shares; yet to bounce back to IPO price. Alhaji Sayyu saw the potential for diesel marketing when he first experienced difficulties procuring fuel for his companys huge fleet. Alhaji Sayyu Idris Dantata, Aliko Dangotes half-brother, is the Founder and Chief Executive Officer of MRS Holdings Limited (Formerly known as MRS Group). SD Farms will return for a second season. and was honoured by the Federal Government of Nigeria with the title of the Grand Commander of the Order of the Niger. XE Currency Converter Iyabo Obasanjo, the daughter of Nigerias former President Olusegun Obasanjo also resides on Banana Island. Dantata is a cousin of Aliko Dangote, and is one of Nigerias most popular polo patrons. In what appears a plot to blur the trace to the Ovlas in Seychelles, the shareholders quickly filed for a change of name to Petrowest S.A. A document seen by Premium Times, reads Republic of Seychelles, INTERNATIONAL BUSINESS COMPANIES ACT, 1994Company No: 018606, This is to certify that OVLAS SA. As an entrepreneur and billionaire owner of Globacom, Nigerias second-largest telecom company, Mike Adenuga is a man with luxurious tastes. Making Britain Great Again Risks a Disaster for Pensions, Volkswagen Left Behind as China Goes All In on EVs, Banking Crises Are Preventable, But Human Nature Gets in the Way, WomenTackle Football With a Full-Contact League of Their Own, Modi Eyes Higher Capital Gains Tax for Rich to Curb Inequality, UK Nurseries Say Jeremy HuntsChild Care Plans WontWork, Porsche Unwraps Refreshed Cayenne to Bolster Best-Selling Model, Hong Kong Stock Exchange to Tighten Climate Disclosure Rules, When Teen Angst and Gentrification Collide, Elon Musks Twitter Payment Plan Puts NYC Subway Alerts at Risk, Melbourne Becomes Australias Biggest City After Boundary Tweak, DCG-Owned Crypto Exchange Luno to Shut Down Singapore Operation, Ethereum Shanghai Upgrade Spurs Rotation to DeFi From Centralized Exchanges, Canadas New Crypto Rules Push Trading Platforms to Comply or Leave. Net Worth: $300 million. He had his education at the Morris Brown College in Atlanta-Georgia, United States of America. Opinions expressed by Forbes Contributors are their own. CHECK: LANDS FOR SALE IN IKOYI DAVIDO Others like Sayyu Dantata however are the new kids on the block. 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. Owners create Shell companies for a host of dodgy business reasons. 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. The Worlds Best Cross-BorderInvestigative Team, ANCIR is not responsible for the content of external sites | He's built a network around his hit YouTube series, "The Cave," landed deals and produced records for some of the biggest artists in music, and still found time to release his first album, "Louie. Feeding African Cities: Studies in Regional Social History, Indiana University Press, 1987. p 87-91. Breakdown of Eddy Martins Egwuenus fortune: Zenith Bank: Owns stake worth N8.3 billion ($54.2 million), Email me at mnsehe@forbes.com. They have had to buy diesel from foreign firms who were then receiving allocations despite having no offices of their own in the country. Not if you saw Sayyu Dantata arrive at his polo club in his $2 million chopper. Will Apollo Offer THG a Route Out of Its Troubles? While other people's fortunes wax and wane according to. 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. Dantata only completed four years of studies at Dala Elementary School before leaving because his father preferred a career in trading to Western education for his children. ALHAJI SAYYU DANTATA is a mechanical engineerby training having attended the Morris BrownCollege in Atlanta, Georgia, USA. In addition to Dantata Jr., Hope Arellano had three goals and Peco Polledo added two goals. 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. (1963). Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day. 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. Over the past few years, her net worth has been a subject of heated debate. 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. While a vast majority of Nigerias wealthiest businessmen spurn the capital markets, preferring to build their fortunes through privately-held companies, the Nigerian Stock Exchange still accounts for a substantial portion of the wealth of a number of the countrys richest individuals. He graduated in 1979 with a Bachelor of Science degree in Accounting and has been said to have a net worth of N10 trillion. 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. 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. 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. The lubricant plant, which is located at Tincan Island in Apapa, Lagos, is set to contribute immensely to Nigerias economy and will boost employment, generate revenue, and reduce the countrys import dependence. 2023 Billionaires.Africa. The company has an annual turnover of ten billion naira (N10 billion) with ships, and totals about 50,000 tons of diesel monthly. 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. With Mashomack leading 9-8 early in the sixth chukker, Dantata Jr. scored the tying goal with 3:23 left in the game. Dantata started his career as Director of the Engineering and Transport. 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. 1 Like 1 Share Re: Owner Of The Mansion Chris Brown Stayed In Nigeriaby RickyRoss1(m): 11:27pmOn Dec 25, 2012 In essence, they are corporations that exist mainly on paper, have no physical presence, employ no one and produce nothing. 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 of Dantatas employees could be heard hailing him as he expertly landed and stepped out. Dantata serves as a Director of Hydro Alternative Energy, Inc. and has been a Non-Executive Director of Nigerian Telecommunications Limited since August 2008. LAST CORPORAL (@ridwan_ashafa) June 25, 2019. Among them are Sayyu Dantata, Aisha Dantata and Mariya Dantata who are listed as shareholders of Koggi Shipping Incorporation with registered location as Plot 688, No 4 Winnipeg Close Street, Maitama, Abuja, Nigeria. Sanusi Dantata (c. 1919 15 April 1997) was a Nigerian entrepreneur and son of Alhassan Dantata. Sayyu Dantata, billionaire cousin of Africa's Richest person Aliko Dangote, has launched a $450 million lubricant plant in Lagos through Bestaf Lubricant Limited. His net worth has never been successfully estimated given his extremely private life and business dealings. At the time of his death he was the wealthiest man in West Africa. Sanusi Dantata (c. 1919 - 15 April 1997) was a Nigerian entrepreneur and son of Alhassan Dantata. Worth a staggering US$15.4 billion, Nigeria's businessman and industrialist, Aliko Dangote, is on the Forbes Rich List as the wealthiest man in Africa. Dantata is the founder and Chairman of MRS Holdings Company Limited. 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. Africas richest man, Aliko Dangote, and his brother Sayyu Dantata have been linked to shell companies in tax havens, writes Joshua Olufemi and Emmanuel Mayah. She obtained a B.Sc in Business Administration from the AhmaduBello University, Zaria, Nigeria in 1998. 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