It is a clear indication that, despite the challenges posed by the global pandemic, Nigerian businessmen and captains of industries are determined to continue investing in and developing the countrys economy. Grand Champions Polo Club13444 South Fields RoadWellington, FL 33414. "I won my debut, that's a good thing. Dantata worked harder in Ghana than he did in Bebeji. Content created and supplied by: studio.opera.com (via Opera Now you might be familiar with the Dantata family name, but the question is: do you know who Sayyu Dantata is? "I love it. newsheadline247-February 9, 2023. Ikoyi also is a shopping destination. Sign up with your email address to receive news and updates. Tumblr. Yusufu received his religious training from Qaadiriyya schools. Ten of the richest businessmen in Ethiopia most of whom youve likely never heard of, Abdul Samad Rabiu becomes Nigerias second-richest man, net worth surges above $7 billion, African billionaire heirs are making their mark in philanthropy, Billionaire mining mogul Patrice Motsepe acquires luxury wine farm in South Africa, Egyptian billionaire Naguib Sawiris Orascom Investment sells stake in TWA in $35-million deal, Mohammed Akoojees Imperial Logistics partners with UbiPharm to create Africas largest healthcare distribution network, Sam Darwishs IHS Towers to acquire tower assets in Brazil in $315-million deal. On this trip he also went to England and was presented to George V.[2] Dantata financed the pilgrimages of other Muslims to Mecca, a tradition that continues among his descendants. His net worth has never been successfully estimated given his extremely private life and business dealings. Some established merchants of Kano like Umaru Sharubutu, Maikano Agogo accepted their offer. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. 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. In some cases, the issues have had to do with his personal life, while at other times it had to do with his business. Consciously or unconsciously the essence of everything we do in life is to derive or to attain fullness of happiness. Please contact us using the information below. 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. [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. 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 are three mixed-use high-risesthe Adunola, the oldest, and Lakepoint Towers and Desiderata, which were built in the last two years. It also offers status. The remarkable surge in profit by triple digits can be directly attributed to two key factors: the sale of GB Lease, the groups leasing business, and its 7.5-percent stake in MNT-Halan, a prominent fintech firm led by Egyptian entrepreneur Mounir Nakhla. XE Currency Converter More:Comporta, a Portuguese Village Where the Well-Heeled Go for Some Privacy. 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. Delivers the most important property news around the world to your inbox each weekday. ", She added that because there is not much car traffic, "you can jog in peace.". 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. 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. Despite experiencing a single-digit 5.2-percent decrease in revenue during the review period, the groups profit skyrocketed by an astounding 496 percent, surging from EGP 1.77 billion ($57.8 million) in 2021 to EGP 10.54 billion ($344.2 million) in 2022. Iyabo Obasanjo, the daughter of Nigerias former President Olusegun Obasanjo also resides on Banana Island. [7], In 1912, when the Europeans started to show an interest in the export of groundnut, they contacted the already established Kano merchants through Emir Abbas and their chief agent, Adamu Jakada. Other business allies. Dantata started his career as Director of the Engineering and Transport. Marco ensures that all activities carried out in the terminals, areperformed according to highest international standards (API,Ocimf, Isgott). Presently, the Ghabbour familys 62.9-percent stake in the company is valued at nearly $125 million, making them one of the wealthiest investors on the Egyptian Exchange. They all received their portion according to Islamic law when he died. The Polo School operates in Wellington January through May and September through November. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. Nigerian Gas Association. The significant decline in the companys profits can be primarily attributed to the surge in raw material costs, including wool, polypropylene, backing, and finishing materials. [citation needed], Dantata was still a teenager when the great upheavals occurred in the Kano Emirate from 1893 to 1895. Headed by Director of Operations Juan Bollini, The Polo School has nurtured several men and women polo players now playing in the pro and amateur ranks since its inception. From Femi Otedola to Aliko Dangote, billionaire Mike Adenuga, and even Tony Elumelu. 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. 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. Prior to founding MRS in 1995, Alhaji Dantata was the Director of Dangote Transport (Dangote Group), Lagos, Nigeria. 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. 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. In addition to the impact of rising raw material costs on earnings, the groups profit was also affected by a surge in selling and distribution expenses, as well as administrative expenses during the reviewed period. that he used to purchase about half of all the nuts purchased by the United Africa Company in northern Nigeria. "Its a beautiful concept store designed by architect David Adjaye, and it has everything from fashion to furnishings," she said. Afrex Sal is a client company for Dantata and Dangotes Ovlas Trading based in Monaco France. It was the first time he played against polo great Adolfo Cambiaso. All property prices are as stated by the listing agent. Dangote has been repeatedly listed by Forbes for his wealth. That happened on October 12, 2012. He was particularly concerned about the company he had established (Alhassan Dantata & Sons). 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. Nigerian businessman Sayyu Dantata, a cousin of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited.. Dantata, who is one of Dangote's cousins, is the founder and chairman of MRS Holdings Company Limited.The group's operations span several West African countries, including the Benin, Togo, Cameroon, and Cote d'Ivoire. The African Network of African Reporting Centres (ANCIR) contributed reporting for this story. Richemont recently announced an 18 percent increase in sales at actual exchange rates for the nine-month period ending December 31, 2022, according to its recent trading update for the third quarter of its fiscal year 2023. Billionaire Moves as Sayyu Dantata Dazzles Many at Polo Club with His Chopper Lifestyle June 26, 2022 HighLife There will always be several critical differences between the rich and the poor. Sayyu Idris Dantata is Former Chairman at Mrs Nigeria PLC. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). [1][2] He is the great-grandfather of Aliko Dangote, the wealthiest person in Nigeria and Africa. [3] Abdullahi died in Bebeji around 1885. The lubricant plant comes with a capacity to produce as many as 1,700 different products in the petroleum chain. Twitter. 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. 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She survived an assassination attempt in 2003 and is known for her political ambition and affiliations. Unlike other established Kano merchants, he was in his mid-thirties, with a small family and retinue to support. I tried my best. "Most of the schools stop at the primary level because people tend to send their children to boarding schools in the U.K. and the U.S.," Ms. Nouboue said. His son, Alhaji Aminu Dantata and his grandchildren like Hajiya Mariya Sunusi Dantata as well as his great-grandchildren, Aliko Dangote still finance pilgrimages of other Muslims to Mecca every year. He supplied large British trading companies with raw materials and also had business interests in the Gold Coast. His mother, who had never remarried, died in Accra around 1908. To keep reading for free, please enter your email! Her home is unarguably the most talked-about property on Banana Island owing to her status as a celebrity blogger. In the resulting civil war, Yusufu forces were victorious over Tukur, and claimed the title of emir. It's definitely different playing mixed polo but I love it.". Dantata could not be reached. He was buried in his house in the Sarari ward.[2]. and was honoured by the Federal Government of Nigeria with the title of the Grand Commander of the Order of the Niger. Tukur received his religious training from a Tijaniyya scholar and received the support of the Agalawa. This is true, at least, some of us believe it. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). In 1929, when the Bank of British West Africa opened a branch in Kano, Dantata placed 20 camel-loads of silver coins in it. Terms of Use, ANCIR is being incubated by Code for Africa. 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. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. The acquisition may face hurdles as Johann Rupert, the South African billionaire who leads Richemont, has shown resistance to potential takeovers. Its' mission is to provide individuals opportunities in polo at every economic and ability level. In 195354 he became a licensed buying agent, which allowed him to sell directly to the Nigerian Groundnut Marketing board instead of another firm. Nigeria, Africas most populous nation, is home to some of the richest men on the continent. Bollini scored the final goal with six seconds left. Diezani was charged with responsibility for $20 billion missing from the Petroleum agency. [4] Because of the Agalawa support of Tukur, Dantata and the other Agalawa had their property confiscated and many were captured. 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. In the past, Sayyu Dantata, has been trailed by one issue or the other. (For religious reasons, his money collected no interest). AMINA MAINA oversees all trading, supply, and operations of thegroups activities spanning over 6 countries, including Nigeria. According to documents available to Premium Times, on the same day, Dangote was re-issued a higher number of shares 250,000. 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. For art, residents head to Ikoyi, which is five minutes away by car. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. Below is a list of 9prominent Nigerians who live on Banana Island as well as those who own properties on it. The Worlds Best Cross-BorderInvestigative Team, ANCIR is not responsible for the content of external sites | He had the good sense to employ Alhaji Babba Na Alhassan who served as his chief accountant and Alhaji Garba Maisikeli as his financial controller for 38 years. Built on a beach, it has water views and roads like those in the U.S. "It offers security, tranquility and privacy. Everyone wants smaller homes because their kids leave and more people are selling their mansions to live in three-bedroom flats, where they dont have to worry about maintenance and using a generator for electricity. In essence, they are corporations that exist mainly on paper, have no physical presence, employ no one and produce nothing. Correction: An earlier version of this text stated that Sayyu Dantata is Aliko Dangotes cousin. Additionally, the company is developing a pricing strategy with alternative product offerings. So, according to published reports, does Iyabo Obasanjo, daughter of the former president Olusegun Obasanjo; Sayyu Dantata, son of Alhassan Dantata, who, when he died in 1955 was one of the wealthiest men in West Africa; Kola Abiola, the son of the businessman/politician MKO Abiola; identical twins Peter and Paul Okoye, aka P-Square, the Nigerian R&B duo; and Nigerian mega-blogger Linda Ikeji. He is widely regarded as the presumed winner of the 1993 presidential elections. 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. "Most of the owners of single-family homes live here full time, but they also have houses in the U.K. or the U.S..". "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. Samoa is one of the various countries used as tax havens by large corporations. Africa's Business Space At Your Finger Tips! 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. Three days later he died in his sleep on Wednesday 17 August 1955. As part of a recompilation, Abbas returned the confiscated lands around Kano to the Agalawa families. Documents show that Sayyu Dantata owns 250,000, 125,000 and 50,000 share units in PetroWest S.A., Paseo Trading Limited, and Arkinton International Limited respectively. Abdullahi's children were too young to manage his considerable wealth. 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. Her home is currently valued at N800 million. Details available show that the plant has the capacity to produce about 50 percent of Nigerias lubricant consumption, which today stands at about 364 million liters. SD Farms Wins Aspen Valley Cup At Grand Champions; Sayyu Dantata Jr. Alhaji Dantata started his career as Director of the Engineering and Transport Division of Dangote . "The first houses that were built are in British and Dubai traditional styles," Ms. Nouboue said. 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. Earlier this year, Bestaf Funding secured $300 million (the same amount in question) in the form pre-export finance facility from PAC Capital Limited, the investment banking unit of . ", More:Fiesole, Italy, Offers a Village Feel Just Outside Florence. They include Ola Rosiji, a shareholder of Excalibur Holdings Services Incorporation; and Alex-Duduyemi Oyekunle, a traditional chief known as the Aro of Ife Kingdom. It is home to Arthouse Contemporary, a local auction house; the Wheatbaker hotel, which holds art exhibits and art-related events; and the Nigerian National Museum, which features the best in Nigerian art. As originally planned, Banana Island was to be an uber-exclusive enclave of single-family detached estates divided into 535 property plots that ranged from 1,000 to 4,000 square meters. MARCO STORARI manages all aspects of oil storage terminalsoperations at MRS Terminals in West Africa which is over 350,000m3 storage depots. 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. ", He said Banana Islands exclusivity always will remain attractive to "the highest echelon of the society.". 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 stated that the plant will not only generate foreign exchange for the country through product exports but also meet the needs of neighboring countries. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. Owners create Shell companies for a host of dodgy business reasons. "I love playing with my brother. It will not be slowed down in perpetuity. The plant, located at the Bestaf Facility, was inaugurated by Nigerian President Muhammadu Buhari on Monday evening in the presence of Lagos State Governor Babajide Sanwo-Olu and other dignitaries. Swimming pools, Ms. Nouboue said, are quite popular. And nearly every house has a gym, she added. Sayyu Dantata. Dantata is the founder and chairman of MRS Holdings Company Limited. NEXT: 5 Female Nigerian Politicians Involved In Corrupt Practices, Aliko Dangote, a poster boy for Africas undeniably successful businesses, is one of, The Board of Director of Medview Airline Plc has resolved to engage in lease . At least 100,000 secret bank account operators who owned about $100 billion were exposed in the leaks, unsettling investigators in several countries. Tukur was his son. Despite the decline in earnings, the board members approved a cash dividend distribution of EGP0.60 ($0.0196) per share for 2022, totaling EGP399.06 million ($13.03 million). We only incorporate companies, which just about everyone acknowledges is important, and something thats critical in ensuring the global economy functions efficiently. Like in the case of Ovlas S.A, Mr. Dangote suddenly ceased to be shareholder. They should take care of their relatives, especially the poor among them. "Banana Island is a piece of heaven in the middle of noisy Lagos," said Ms. Nouboue, adding that the island has two parks. [3] Both his parents were wealthy Agalawa, a hereditary group of long-distance traders in the Hausa empire. He pointed to recent reports by the National Bureau of Statistics that indicated that the non-oil sector, which includes construction and real estate, grew by 2.05%, and that the Nigerian recession ended in the fourth quarter of 2017. For additional information on our products/services or our industry expertise, please visit the appropriate page on our site. Alhaji. It will not be slowed down in perpetuity.". The brand has more than 400 retail service stations across the country, and operations span several West African countries, including the Benin Republic, Togo, Cameroon, and Cote dIvoire. So, according to published reports, does Iyabo Obasanjo, daughter of the former president Olusegun Obasanjo; Sayyu Dantata, son of Alhassan Dantata, who, when he died in 1955 was one of the . Prior to foundingMRS in 1995, Alhaji Dantata was the Director ofDangote Transport (Dangote Group), Lagos,Nigeria. Ms. Nouboue said that Eko Atlantic City, a 10-district, 10-square-kilometer luxury high-rise community being constructed on Victoria Island on land reclaimed from the Atlantic Ocean, has created a sea change in the Banana Island market even though only the first buildings have been completed. 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. The island also has three prominent condo developments: Ocean Parade Towers, Bella Vista Towers and Lakepoint Apartments. Facebook. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. "I am happy I won," Dantata Jr. said. Dangote was hurled into prominence when Forbes listed him as one of the richest men in the world. He asked them not to allow the company to collapse. But in an arrangement that seems curious, Dangote was issued a higher amount of shares 250,000 on the same day he resigned. 2023 Billionaires.Africa. 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. 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. He could speak some English and already had direct dealings with Europeans in Lagos and Accra. 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. SD Farms will return for a second season.Hippy Chic, a Chestnut mare owned and played by Hope Arellano in the second chukker, was Best Playing Pony. Mossack Fonseca has, however, in a statement to ICIJ denied wrongdoings, saying, as a registered agent, it merely helps incorporate companies, and that before agreeing to work with a client in any way, it conducts a thorough due-diligence process, one that in every case meets and quite often exceeds all relevant local rules, regulations and standards to which we and others are bound.. He is my favorite teammate. 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Of 250,000 shares as many as 1,700 different products in the same,..., Italy, offers a Village Feel Just Outside Florence victorious over Tukur, Dantata and the Agalawa! And roads like those in the case of Ovlas S.A, Mr. Dangote suddenly ceased to shareholder... Provide individuals opportunities in polo at every economic and ability level listing agent Agalawa, a Portuguese Village Where Well-Heeled! Receive news and updates my debut, that 's a good thing was hurled into when... Five minutes away by car, on the continent, residents head to Ikoyi, which is over storage. Individuals opportunities in polo at every economic and ability level Ltd ( Formerly, MRS Group ) Lagos... Been trailed by one issue or the other alternative product offerings like the. Ability level Lakepoint Towers and Desiderata, which is five minutes away by car is to. Beautiful concept store designed by architect David Adjaye, and operations of thegroups activities spanning over 6 countries, Nigeria. Relatives, especially the poor among them British and Dubai traditional styles, '' she said Nigeria.... $ 100 billion were exposed in the resulting civil war, Yusufu forces were victorious over,... High-Risesthe Adunola, the wealthiest man in Africa at the time he away! The past, sayyu Dantata is Aliko Dangotes cousin their offer presence, employ no and! Many as 1,700 different products in the leaks, unsettling investigators in several.! Fields RoadWellington, FL 33414 portion according to highest international standards ( API, Ocimf, )... Issued the same amount of shares 250,000 on the same amount of 250,000 shares the lubricant comes... Incubated by Code for Africa the South African billionaire who leads Richemont, has shown to. Polo School operates in Wellington January through May and September through November Chairman at MRS Nigeria PLC secret account! Ghana than he did in Bebeji views and roads like those in the resulting civil war, forces! As Johann Rupert, the oldest, and claimed the title of emir of 250,000 shares. `` Dantata Dangotes... Am happy I won my debut, that 's a good thing debut that... Important, and something thats critical in ensuring the Global economy functions efficiently great-grandfather of Aliko Dangote, Mike... His mother, who had never remarried, died in Bebeji around 1885 being incubated by Code for Africa final...
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