"The way he plays, his style, he is just unique. 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. He supplied large British trading companies with raw materials and also had business interests in the Gold Coast. There, Tata continued to insist that he must save something every year[citation needed], Dantata started to be a long-distance trader himself. "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..". This innovation and contact with Europeans helped establish his wealth and future. His company, Globacom has over 27 million subscribers, which makes it the second largest telecom company in Nigeria. XE Currency Converter Mr. Alhaji Sayyu Idris Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). She owns a property on Banana Island that has been the subject of very many controversies. 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. 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 . "Most of them are owned by individuals and rented out to tenants who pay NGN25 million to NGN30 million annually. Grand Champions Polo Club13444 South Fields RoadWellington, FL 33414. 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. 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. Did you know that Dantata and Africas richest man, Aliko Dangote are cousins? The most expensive listing now on the market, NGN5 billion, is for a six-bedroom detached house on 2,600 square meters of land, she said. [3] Abdullahi died in Bebeji around 1885. The island also has three prominent condo developments: Ocean Parade Towers, Bella Vista Towers and Lakepoint Apartments. 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. He was particularly concerned about the company he had established (Alhassan Dantata & Sons). 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. 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. 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. PAIA Manual | First Avenue in the north and Second Avenue in the sound merge and run around its perimeter. She was accused of organising a diversion of $6 billion (N1.2 trillion) from the Nigerian treasury and was arrested in London in 2015. [2] It is said[by whom?] As was the tradition, the bulk of his earnings went to his mallam. It was the first time he played against polo great Adolfo Cambiaso. They include Lagos Preparatory & Secondary School, a co-ed day school for students 18 months old to over 16 years; the British International School, a British curriculum secondary school for students 7 through 13 years old that offers a boarding option; and St. Saviours, a British curriculum school for children up to 6 years of age. ", He conceded that prices have dropped about 30%, but said that "the economy will improve. 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. 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. However, this did not happen. 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. This highlights the substantial value creation and significant untapped potential at GB Capital, which is one of the groups operating subsidiaries. He implored them to continue to marry within the family as much as possible. Ikoyi also is a shopping destination. 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. 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. More:Abu Dhabis Al Reem Island Is a (High-End) Work in Progress. Linda is Nigerias celebrated and most popular blogger. founder and chairman of MRS Holdings Company Limited, nine-month period ending December 31, 2022. Mariya Dantata also has a registered location at Plot 70, Sharada Industrial Area, Phase 3, Kano, Nigeria. Content created and supplied by: studio.opera.com (via Opera The billionaire recently launched Bestaf Lubricant Plant, a subsidiary of MRS Group. ALHAJI SAYYU DANTATA is a mechanical engineer by training having attended the Morris Brown College in Atlanta, Georgia, USA. Tundun leads a largely quiet lifestyle with the exception of rare appearances at social events. 2023 Billionaires.Africa. He purchased some items in Bebeji, he sold half of them on the way and the rest in Accra. Privacy Policy | [citation needed], Dantata was still a teenager when the great upheavals occurred in the Kano Emirate from 1893 to 1895. Buyers have a choice of two- to four-bedroom en-suite flats, maisonettes and terrace houses, added Charles Onyenze, an associate at Knight Frank. 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. Shell companies, experts say, are entities that have no active businesses and usually exist only in names as vehicles for another companys business operations. 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. After three years of holding the shares, they all ceased to be shareholders. The dividend payment will result in the family receiving EGP237.8 million ($7.76 million) from their 56.58-percent stake in the company. Afrex Sal is a client company for Dantata and Dangotes Ovlas Trading based in Monaco France. Leave Application [5], Probably after being freed from slavery around 1894, Dantata joined a Gonja-bound caravan to see his mother. "I have been riding horses since I was a kid but this is the first year I have been playing polo and I'm starting here," Dantata said. His net worth has never been successfully estimated given his extremely private life and business dealings. In a similar development in September 2014, Sani Dangote, younger brother to Dangote, was dragged before a Federal High Court in Lagos over his alleged failure to liquidate about N5 billion loan granted him by Union Bank. Dantata was born 1877 in Bebeji, Kano Emirate in the Sokoto Caliphate, one of several children of Abdullahi and his wife, Amarya. He was also a good financial manager. 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. 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. The Polo School operates in Wellington January through May and September through November. Hermans and Bollini each had two goals and Monteverde added one.Dantata was coming off Thursday's Sterling Cup semifinal loss to Valiente. ", COPYRIGHT 2023 MANSION GLOBAL. Before Dangote ceased to be shareholder of M.R.S Oil and Gas Limited, himself, Mr. Dantata and their co-owned company, M.R.S Oil and Gas Co. Limited, was used to buy shares in Petrowest S.A, another company registered in Seychelles on October 6, 2003. He supplied large British trading companies with raw materials and also had business interests in the Gold Coast. His passport to the nation's sweet crude is the MRS. Additionally, the company is developing a pricing strategy with alternative product offerings. According to Swiss newspaper Finanz und Wirtschaft, insiders have suggested that LVMH is actively seeking to expand its jewelry segment by acquiring Cartier, a luxury jewelry brand owned by Richemont. Kola Abiola is one of Nigerias low-key millionaires. Evidence abounds in the data that the Panamanian company, Mossack Fonseca, offers clients aggressive reinvoicing services that are specifically designed to help companies avoid/evade taxes. However, in recent years the founder of MRS Holdings has been spick and spank. The contact numbers listed on MRS Holdings website failed to connect the several times our reporter called. Yusufu received his religious training from Qaadiriyya schools. Marco ensures that all activities carried out in the terminals, areperformed according to highest international standards (API,Ocimf, Isgott). "Typically, a very large percentage of homes are customized, while a few are large estates accommodating a number of prototype houses," he said. [citation needed], He had many business connections both in Nigeria and in other West African countries, particularly the Gold Coast. Re: Billionaire Sayyu Dantata Launches $450m Lubricant Plant In Lagos by KingKO22: 9:20am On Jan 25 Asiwaju Tinubu has created the enabling environment for all business to thrive and become successful The Nyamirin Zombipigs have created death nd chaotic environment in Alaigbo Land therefore making it a dead trap for investors. Specifically, Dantata, Anil Kumar Ahluwalia and M.R.S Investments Company share same company address Plot 6, Block 2, Osborne Road, Ikoyi, Lagos Island in entities incorporated for them offshore by Mossack Fonseca. She was elected to the Nigerian Senate representing Ogun Central Senatorial District of Ogun State. Dantata built his first house in the then empty Sarari area (an extension of Koki) in Kano. 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. PPPRA 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. However, it was not granted because of worldwide military and economic conditions. MARCO STORARI manages all aspects of oil storage terminalsoperations at MRS Terminals in West Africa which is over 350,000m3 storage depots. View profiles of the MRS board and our executive management team. [citation needed], Dantata was already familiar with the manner by which traders could make fortunes by buying cocoa for Europeans in the Gold Coast. By Godwin Oritse. The source of his wealth has been easily traced to his business dealing in the telecom and oil sector. As an industry leader under the control of the Egyptian Ghabbour family, GB Auto has grown significantly over the years. 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. It also offers status. //]]> Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. February 8, 2023 Important Sales Tips for Selling an Old Home; February 6, 2023 Essential Tips for Dealing with Difficult Landlords; February 5, 2023 Tinubu owns a growing list of properties in Lagos (over 22) and Abuja including his property on Banana Island. that he used to purchase about half of all the nuts purchased by the United Africa Company in northern Nigeria. "She came from my dad and it was one of my dad's best horses forever," Arellano said. 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