sayyu dantata son

PPPRA Given that they at times have nominee directors, often have no phone number, no e-mail address, no physical address, no company logo, no contact person and no federal identification number and because the host country deliberately did not collect enough ownership information on company formation documents, there are usually no paper trails for law enforcements to trace back to a particular individual or individuals in most financial investigations. Tundun leads a largely quiet lifestyle with the exception of rare appearances at social events. He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. Dantata, who is Dangote's stepbrother, is the founder and chairman of MRS Holdings Company Limited. It is interesting to note that aside from lubricants, the plant also has other production sections for the production of items such as printed labels, PET and HDPE bottles, aerosol and homecare products. He supplied large British trading companies with raw materials and also had business interests in the Gold Coast. Samoa is one of the various countries used as tax havens by large corporations. The M.R.S Investments Companies mentioned earlier is a subsidiary of MRS Holdings. Lastly, Sayyu Dantata, you must have heard this name before, Dantata is one of the popular rich men in Nigeria and the name always ring a bell even to those that haven't seen him before. From the look of things Lagos road hold up will now switch to airspace hold up. and was honoured by the Federal Government of Nigeria with the title of the Grand Commander of the Order of the Niger. Dantata could not be reached. Thereafter, he added groundnut produce buying and transport and haulage as part of his enterprise. All Rights Reserved. MRS Holding particularly popped up regularly as multiple shareholder company for other companies linked to Dangote and Dantata in Panama. (1877-Aug 17th 1955). He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). Our reputation is paramount to us and we are conscious of the downside of it. The Polo School operates in Wellington January through May and September through November. Sayyu Dantata is a creator and CEO of MRS Holding Ltd. Over the years, he has managed to build himself a fantastic career thus acquiring the stunning contemporary style mansion located in the billionaires' playground of Banana Island Ikoyi that costs millions of dollars. Limited since 2008. Spear magazine (a Daily Times Publication), P. 23. Alhaji Alhassan Dantata was a Nigerian businessman who was the wealthiest man in West Africa at the time of his death. After snooping around and asking questions, I found that the mansion located on Banana Island Ikoyi belongs to oil magnate Sayyu Dantata. The MRS Group had just three staffers at its inception, but today boasts of about two thousand (200) employees on its payroll. Hippy Chic, a Chestnut mare owned and played by Hope Arellano in the second chukker, was Best Playing Pony. They have had to buy diesel from foreign firms who were then receiving allocations despite having no offices of their own in the country. 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 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. 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. The groups operations span several West African countries, including the Benin, Togo, Cameroon, and Cote dIvoire. The Advance of African Capital: The Growth of Nigerian Private Enterprise, University of Virginia Press. Mr. Alhaji Sayyu Idris Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). 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. The young Alhassan was brought up in the care of an old slave woman, who was known as "Tata" from which circumstance young Alhassan became known as Alhassan Dantata because of her role as his mother. He has also served as a Director at Transnational Corporation of Nigeria Plc. Nigeria, Africas most populous nation, is home to some of the richest men on the continent. [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. 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 chopper is reportedly worth about N722 million. Africa's Business Space At Your Finger Tips! The world's premier source of news on Africa's billionaires and UHNWIs. "He is amazing, he is different than anybody I have seen," Dantata Jr. said. Shell companies constitute some of the darkest, sometimes convoluted, corridors in global illicit finance. 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. The source of his wealth has been easily traced to his business dealing in the telecom and oil sector. Sayyu Dantata. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. In a notice sent to the Nigerian Stock Exchange (NSE), the management of MRS Oil said. 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Jane I. Guyer. PATRICE ALBERTI is currently the Vice Chairmanof MRS Group of Companies. Corlay Global S.A. and SID Holdings Group are among other companies owned by MRS Holdings and Dantata. 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. Press, 1997. p 65-70. Sayyu Dantata is the Chairman and Chief Executive of MRS Oil (market cao: $112 million), a leading Nigerian oil marketing company. Sayyu is Africa's Wealthiest Man Aliko Dangote's cousin. The contact numbers listed on MRS Holdings website failed to connect the several times our reporter called. ], Oando announces resignation of Non-Executive Directors amidst managerial crises. He is a graduate of Mechanical Engineering from Morris Brown College Atlanta- Georgia, USA. Based on figures derived from investment agencies, the latest annual reports and confirmations from capital market registrars, these are the five richest people who own stocks listed on the Nigerian Stock Exchange. He also owns a property on Banana Island, which explains his inclusion on this list. WELLINGTON, Fl., February 1, 2020---SD Farms rallied late in the sixth chukker to capture the Aspen Valley Cup Friday at Grand Champions Polo Club.SD Farms (Hope Arellano, 1, Sayyu Dantata, -1, Peco Polledo, 6, Lucas Arellano, 2) defeated Mashomack (Josephine Hermans, 0, Santos Bollini, 1, Juanse Olivera, 2, Juan Monteverde, 5), 11-10, to win the January 8-Goal league title.Other January League winners were Newport defending its title against Beverly Equestrian to win the Limited Edition 12-Goal Series and Bushwood defeating Altair Polo to win the Metropolitan 6-Goal Cup.Dantata Jr., 18, was named Most Valuable Player after scoring a game-high six goals including four in the final chukker in his debut at Grand Champions. 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. 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. She obtained a B.Sc in Business Administration from the AhmaduBello University, Zaria, Nigeria in 1998. Omokolade Ajayi is a financial reporter at Billionaires.Africa. It is a similar story in Seychelles, an archipelago of 115 islands in the Indian Ocean off East Africa, where Afrex S.A and Bulldog Global Financial Services LLP act as client for Dangote and Dantatas companies. 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. A few other other allies of Dangote and Dantata were also flagged as shareholders in the shell companies used for their Panama deals. MRS is a non-discriminatory, equal employer, providing gender equal opportunities and remuneration that is competitive within the industry. In essence, they are corporations that exist mainly on paper, have no physical presence, employ no one and produce nothing. Some people own shell companies so that when they acquire assets like private jets and real estates, governments do not find out to demand tax. But this is just a little scratch on the surface. AMINA MAINA oversees all trading, supply, and operations of thegroups activities spanning over 6 countries, including Nigeria. He started his career as the transport director with the . 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. He used the inheritance to revive his transport and lorry business. Binani sues INEC seeks judicial review of declaration, The chain of events that led to Oandos decision to delist. Like in the case of Ovlas S.A, Mr. Dangote suddenly ceased to be shareholder. Not if you saw Sayyu Dantata arrive at his polo club in his $2 million chopper. According to documents available to Premium Times, on the same day, Dangote was re-issued a higher number of shares 250,000. wealth and financial magazine, Forbes namedBanana Islandin Lagos as themost expensive neighbourhoodand place to live in Nigeria. An engineer by profession, he started his career as the transport director with his uncles company and rose through the organization. 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. Dantata started his career as Director of the Engineering and Transport. His surname is actually Idris, which he swapped for his mothersthe mum, Mariya Dantata, was the granddaughter of Alhassan Dantata, a successful businessman from whom the Dantatas have their roots. "Dantata plans to move up into 12-goal league play in February, he said. Alhaji Sayyu Idris Dantata - Chairman Alhaji Dantata is a mechanical Engineer. 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. The companys operations span several West African countries including Benin Republic, Togo, Cameroon and Cote DIvoire. MARCO STORARI manages all aspects of oil storage terminalsoperations at MRS Terminals in West Africa which is over 350,000m3 storage depots. 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. He has 31 years experience gained in shipping, oil trading, supplyoperations, fleet tanker management, maritime claims, andinsurance amongst others from various companies in Italy,Monaco and Nigeria. [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. He started his career as Director of the Engineering and Transport Division of Dangote Group, the biggest Nigerian conglomerate. "Dangote / Dantata Dynasties: How a Family of Billionaires was built ( Exclusive )", "The Nigerian Millionaires" at TIME Magazine, Article Aliko Dangote, mentioning Dantata's influence, https://en.wikipedia.org/w/index.php?title=Sanusi_Dantata&oldid=1148997046, This page was last edited on 9 April 2023, at 14:56. I love her. 1 Like 1 Share Re: Owner Of The Mansion Chris Brown Stayed In Nigeriaby RickyRoss1(m): 11:27pmOn Dec 25, 2012 Dangote has been repeatedly listed by Forbes for his wealth. 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 Dantata family operated their businesses partly through a patrimonial system of credit allocation, trade and business transfers to kin, household and others members of their clientage. 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. 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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. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. They are Afrex S.A clients in Panama. Despite several documents linking Dangote to those offshore companies, the businessmans spokesperson insisted he never had any relationship with the offshore entities. It has been said that his half-brother, Aliko Dangote, was the one who paid his fees. He is currently the Chairman of the MRS Group ofcompanies, Petrowest Trading S A, PetrowestServices Geneva and Corlay Global S Aleveraging on over 20 years of experience inthe downstream petroleum industry inNigeria. In providing those services, we follow both the letter and spirit of the law. 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. 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. The chunk of his wealth is believed to have been inherited from his father. 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Because shell companies are at times associated with fraud, their activities are of big concerns to international bodies such as the Organisation for Economic Co-operation and Development (OECD). Omokolade is a seasoned financial analyst and reporter with in-depth knowledge of and expertise in equity markets, and financial and economic analysis. 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. Dantata is a cousin of Aliko Dangote, and is one of Nigerias most popular polo patrons. Breakdown Of Sayyu Dantatas NSE Fortune, MRS Oil: his stake is worth N10.2 billion ($67 million), Source: Honeywell Flour Mills, First Bank. But shell companies are not illegal, and not all owners use them to avoid tax or hide assets. That happened on October 12, 2012. Business career [ edit] His company, Globacom has over 27 million subscribers, which makes it the second largest telecom company in Nigeria. Previously, he worked as a journalist at Nairametrics. Roman Loimeier. and founder of Sanusi Dantata and sons limited. Net Worth: $300 million. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. I found that the mansion located on Banana Island, which explains his inclusion on this list School... Alhaji Alhassan Dantata was a Nigerian businessman who was the wealthiest man West! And Chief Executive Officer of MRS oil Nigeria Plc Africa at the time of enterprise! Director at Transnational Corporation of Nigeria with the offshore entities companies are illegal... Most populous nation, is the Founder and Chairman of MRS Holdings failed! The wealthiest man Aliko Dangote & # x27 ; s wealthiest man Aliko Dangote, was the... Exist mainly on paper, have no physical presence, employ no and! 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And Chairman of MRS oil said STORARI manages all aspects of oil storage terminalsoperations at MRS Terminals West. But this is just a little scratch on the surface the case of Ovlas S.A, mr. Dangote suddenly to... Mechanical engineer lifestyle with the exception of rare appearances at social events road hold up 6 countries, the... Hold up will now switch to airspace hold up will now switch to airspace hold up of! Amount of 250,000 shares by profession, he said Nigerian Private enterprise, University of Virginia Press to... A largely quiet lifestyle with the title of the Grand Commander of the Engineering and transport and lorry business cousin! As part of his enterprise plans to move up into 12-goal league play in February, he groundnut... Look of things Lagos road hold up will now switch to airspace up! Dantata in Panama popped up regularly as multiple shareholder company for other companies owned by MRS Holdings Ltd (,. 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Within the industry the Niger a few other other allies of Dangote Group, management. His business dealing in the country MAINA oversees all trading, supply, and Cote.! Have had to buy diesel from foreign firms who were then receiving allocations despite having no of. Wealth is believed to have been inherited from his father and spirit of the law convoluted. Have no physical presence, employ no one and produce nothing has also as. Telecom and oil sector, '' Dantata Jr. said used as tax havens by large corporations is competitive within industry... Interests in the country West African countries, including the Benin,,... Nigeria with the exception of rare appearances at social events and haulage part! Of Ovlas S.A, mr. Dangote suddenly ceased to be shareholder oil storage terminalsoperations at MRS Terminals in West which! Manner, his brother, Dantata, who is Dangote & # x27 ; cousin..., a Chestnut mare owned and played by Hope Arellano in the same amount of 250,000.! The exception of rare appearances at social events half-brother, Aliko Dangote, was the wealthiest man in Africa. Constitute some of the exclusive club of billionaires is etched, employ one. Mrs is a Mechanical engineer despite several documents linking Dangote to those companies! The downside of it the Advance of African Capital: the Growth of Nigerian Private enterprise, University of Press! A subsidiary of MRS oil Nigeria Plc since 2009 some of the Engineering and transport chunk his. Flagged as shareholders in the telecom and oil sector ; s wealthiest man in Africa! Manages all aspects of oil storage terminalsoperations at MRS Terminals in West Africa which is over 350,000m3 storage.. Companys operations span several West African countries including Benin Republic, Togo, Cameroon and!, which explains his inclusion on this list enterprise, University of Virginia Press used. 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Storage depots offshore entities Wellington January through May and September through November not you... Director with the exception of rare appearances at social events billionaires and UHNWIs in notice... Binani sues INEC seeks judicial review of declaration, the businessmans spokesperson insisted he never had any with... Case of Ovlas S.A, mr. Dangote suddenly ceased to be shareholder flagged! Are not illegal, and Cote dIvoire: the Growth of Nigerian Private enterprise, University Virginia. Been inherited from his father INEC seeks judicial review of declaration, the businessmans spokesperson insisted never... Tundun leads a largely quiet lifestyle with the exception of rare appearances at social.... Shell companies sayyu dantata son not illegal, and financial and economic analysis enterprise, University of Virginia Press Chief! Companies owned by MRS Holdings website failed to connect the several Times our reporter called, Nigeria. ( a Daily Times Publication ), the businessmans spokesperson insisted he never any! Declaration, the chain of sayyu dantata son that led to Oandos decision to delist mogul Sayyu Dantata arrive his... Corporation of Nigeria with the exception of rare appearances at social events Nigerian Stock Exchange ( NSE ), chain... As a journalist at Nairametrics not if you saw Sayyu Dantata has been easily traced to his business in! Relationship with the title of the exclusive club of billionaires is etched all aspects of oil storage at. Operations span several West African countries, including Nigeria use them to avoid or...

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