Dantata is the founder and chairman of MRS Holdings Company Limited, one of Nigerias largest marketers of refined petroleum products like gasoline, marine fuels, and aviation fuels. His company, Globacom has over 27 million subscribers, which makes it the second largest telecom company in Nigeria. 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. "I just don't like to lose so I said lets go for Nigeria. "As Banana Island did in the beginning, it restricts the types of homes that can be built. "I don't know what happened in that last chukker," Dantata said. She survived an assassination attempt in 2003 and is known for her political ambition and affiliations. 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. 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. "I am happy I won," Dantata Jr. said. Consciously or unconsciously the essence of everything we do in life is to derive or to attain fullness of happiness. 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. 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. Facebook. According to documents available to Premium Times, on the same day, Dangote was re-issued a higher number of shares 250,000. As a result, the market value of the Khamis familys 56.58-percent stake in the leading carpet manufacturer is now worth EGP4.06 billion ($132.5 million). ", COPYRIGHT 2023 MANSION GLOBAL. Advertisement. As an entrepreneur and billionaire owner of Globacom, Nigerias second-largest telecom company, Mike Adenuga is a man with luxurious tastes. [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. Sayyu Dantata. 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. She was also listed as Nigerias Highest Paid Blogger by Forbes in August 2016. On his part, Alhaji Sayyu Dantata, founding Chairman of MRS Group who has preordered 500 copies of the book wants as many aspiring leaders as possible to read the story of the transformation of . Other business allies. PAIA Manual | Bola Ahmed Tinubu popularly known asJagabanis a former Lagos State Governor (1999-2007) and astute politician. The investigation unveiled the cloak of secrecy provided by Mossack Fonseca, a Panamanian law firm that specializes in creating offshore companies, some of which have been used by con men and women to hide Ponzi schemes, predatory lending scams, and other financial frauds from their victims and from the authorities. Among those accounts were that of Dangote, who became an HSBC private account client in July 2003. Suspects who killed Ogun couple, son on New Year's day arrested. The Worlds Best Cross-BorderInvestigative Team, ANCIR is not responsible for the content of external sites | Tukur received his religious training from a Tijaniyya scholar and received the support of the Agalawa. ", More:Click for more profiles of high-end neighborhoods around the world. Dantata did not manage from behind a desk but involved himself with his workers. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. Beauty and seclusion set Banana Island apart. Aliko Dangote is widely known for his staggering wealth. Some established merchants of Kano like Umaru Sharubutu, Maikano Agogo accepted their offer. He supplied large British trading companies with raw materials and also had business interests in the Gold Coast. 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. Buyers have a choice of two- to four-bedroom en-suite flats, maisonettes and terrace houses, added Charles Onyenze, an associate at Knight Frank. All Rights Reserved. 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. More:Marshan Offers the Very Best of Tangiers Enduring Allure. [citation needed], By 1922 Dantata had become the richest businessman in Kano, surpassing other merchant traders. For art, residents head to Ikoyi, which is five minutes away by car. 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. 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. She was elected to the Nigerian Senate representing Ogun Central Senatorial District of Ogun State. 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. Linda is Nigerias celebrated and most popular blogger. In 2012, her blog was worth $1.2 million. His venture into the Oil and Gas industry in 1993 resulted in the establishment of the MRS Group in 1995 Securely share information with Africa's finest journalists. She left the children in Bebeji, in the care of an old slave woman named Tata. Banana Islands electrical and water systems are underground, theres a central sewage system and treatment plant as well as street lighting and satellite telecommunications networks. The son of the slain businessman, politician, publisher and winner of the 1993 presidential elections in Nigeria, M.K.O Abiola. But this is just a little scratch on the surface. BILLIONAIRE businessman, Femi Otedola and Founder of MRS Group, Alhaji Sayyu Dantata, are some of the first set of Nigerian business leaders to pre-order the yet to be released . However, Richemonts biggest market, Asia-Pacific, including sales from mainland China, experienced a seven-percent decline at constant rates due to the COVID-19 pandemic. "R.S.V.P. He purchased some items in Bebeji, he sold half of them on the way and the rest in Accra. SD Farms Wins Aspen Valley Cup At Grand Champions; Sayyu Dantata Jr. Dangotes account was in operation till August 2004. Nigerian businessman Sayyu Dantata, a cousin of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. It will not be slowed down in perpetuity. newsheadline247 - August 25, 2017. Yes! Some others set up shell companies to raise funds before starting operations, to attempt a takeover or as a front for an illegal business. In its suit, Union Bank alleged that in a bid to evade payment of the loan, Sani Dangote made efforts to deplete funds in his accounts by diverting them to Dubai, Canada and Switzerland. PPPRA 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. His passport to the nation's sweet crude is the MRS. . This they do through Transfer Pricing, a complex structure that allows businesses often in third world countries to shift profits to shell companies overseas to allow them pay little or no tax in the country where they made the money. Her home is currently valued at N800 million. "I love playing with my brother. I tried my best. Ms. Nouboue also praised Alara, the Victoria Island shop that celebrates African craft. 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. 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. That happened on October 12, 2012. 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. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. 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. As was the tradition, the bulk of his earnings went to his mallam. Their company MRS Oil and Gas was re-issued 500,000 shares. Expect to see much more of him this year. To mitigate the impact of rising raw material costs on earnings in the current fiscal year, the management is now pursuing strategic restructuring and operational re-engineering efforts to reduce both fixed and variable costs. 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. [3] Abdullahi died in Bebeji around 1885. 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. The Nigerian Senate representing Ogun Central Senatorial District of Ogun State a Lagos..., politician, publisher and winner of the slain businessman, politician, publisher and winner of slain... Mike Adenuga is a man with luxurious tastes private account client in July 2003 praised... 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