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. This drop was driven by an increase in raw material costs as well as a surge in both production costs and operating expenses. That was on April 12 2006. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. Below is a list of 9prominent Nigerians who live on Banana Island as well as those who own properties on it. Sayyu Idris Dantata is Former Chairman at Mrs Nigeria PLC. 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. The Polo School operates in Wellington January through May and September through November. LVMH Mot Hennessy Louis Vuitton, a leading luxury goods conglomerate helmed by French billionaire Bernard Arnault, is reportedly pursuing the acquisition of Switzerland-based luxury goods holding company, Richemont, led by South African billionaire Johann Rupert. "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. He is largely regarded as being socially invisible and this stems from the low profile he has maintained over the years. Consciously or unconsciously the essence of everything we do in life is to derive or to attain fullness of happiness. "The way he plays, his style, he is just unique. 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. Securely share information with Africa's finest journalists. Dantata and his brothers were held for ransom, under the threat of slavery. Dangote and Dantata bought equal shares of 12,500 each from Petrowest S.A. MRS Oil and Gas Co. Ltd also bought 25,000 numbers of shares from Petrowest, just as was done with OVLAS S.A. Again, three years after they existed as shareholders, the trio Dangote, Dantata and M.R.S Oil and Gas Company Limited ceased to be shareholders in the company. Alike Dangote's stepbrother Sayyu Dantata launches $450-million lubricant plant in Lagos. 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. . 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. 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 . The billionaire recently launched Bestaf Lubricant Plant, a subsidiary of MRS Group. 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. Residents also are attracted to the high-tech infrastructure on the island thats not available in the rest of the country. He traded in cattle, cloth, beads, precious stones, grains, rope and other things. More:Abu Dhabis Al Reem Island Is a (High-End) Work in Progress. In addition to Dantata Jr., Hope Arellano had three goals and Peco Polledo added two goals. [CDATA[ Samoa is one of the various countries used as tax havens by large corporations. She lived in the United States for many years before finally relocating to Nigeria. ", He conceded that prices have dropped about 30%, but said that "the economy will improve. [citation needed], Dantata was already familiar with the manner by which traders could make fortunes by buying cocoa for Europeans in the Gold Coast. Linda is Nigerias celebrated and most popular blogger. The groups sales have surpassed 15 billion ($16.3 billion), up from 12.77 billion ($13.9 billion) during the same period last year, showcasing substantial growth. 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. "R.S.V.P. That was also dated April 12 2006. According to documents available to Premium Times, on the same day, Dangote was re-issued a higher number of shares 250,000. Exclusive shops include the handbag purveyor Zashadu, the high-fashion clothier named for the Nigerian designer Ejiro Amos Tafiri, and the functional/fashionable clothing designs of Grey. "Arellano got the opportunity to play with her brother Lucas, 20, who subbed for Dantata Sr. "It was so much fun today," Arellano said. But in an arrangement that seems curious, Dangote was issued a higher amount of shares 250,000 on the same day he resigned. window.__mirage2 = {petok:"NU1XWiS0aIgqL2kNAZJSViJcfj6ZI_mmTiSkiHqpr5Y-3600-0"}; 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). Diezani was, however, not officially charged or tried for these allegations and has strongly denied any wrongdoing. "He is amazing, he is different than anybody I have seen," Dantata Jr. said. The contact numbers listed on MRS Holdings website failed to connect the several times our reporter called. Despite this challenge, the management team is focused on enhancing the companys global market position. Given all these factors, he said Banana Islands exclusivity always will remain attractive to "the highest echelon of the society. Some descendants of Alhassan Dantata includes: "Alhaji Alhassan Dantata, An Appreciation", "Biography of Select Kano Merchants, 18531955", "Alhassan Dantata: Things You Didn't Know About Him", "Meet the wealthy but simple Nigerian merchant behind Dangote's success story", "Biography of Select Kano Merchants, 1853-1955", "Nigerian Tycoon Abdulkadir Dantata Is Dead", https://en.wikipedia.org/w/index.php?title=Alhassan_Dantata&oldid=1135608976, Mahmud Dantata, popularly known as Mamuda Wapa (19221983): son. They are frequently used to shield the identities of owners and/or to hide money. He could speak some English and already had direct dealings with Europeans in Lagos and Accra. He urged them to avoid clashes with other wealthy Kano merchants. 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 . Diezani was charged with responsibility for $20 billion missing from the Petroleum agency. "I won my debut, that's a good thing. 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. They are Afrex S.A clients in Panama. 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. There, Tata continued to insist that he must save something every year[citation needed], Dantata started to be a long-distance trader himself. Her home is currently valued at N800 million. One of the greatest mistake people make is to think that happiness can be . I love her. It's definitely different playing mixed polo but I love it.". This highlights the substantial value creation and significant untapped potential at GB Capital, which is one of the groups operating subsidiaries. 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. ", More:Fiesole, Italy, Offers a Village Feel Just Outside Florence. In 1929, when the Bank of British West Africa opened a branch in Kano, Dantata placed 20 camel-loads of silver coins in it. Although Banana Islands main street offers little more than a caf, a barbershop and a large supermarket, chic shopping areas and restaurants on Victoria Island are only a 12-minute car ride away. Dantata did not manage from behind a desk but involved himself with his workers. The source of his wealth has been easily traced to his business dealing in the telecom and oil sector. [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. After the usual reading of the Qur'an, he had to go and beg for food for his mallam and himself. Arjun Thadani controls 2,500 units of shares in Mitarj International Corporation, a client company to USA Corporate Services Incorporated (New York), which also operates from Seychelles. Download Opera News APP, By studio.opera.com (self media writer) | 2 years ago. Iyabo Obasanjo, the daughter of Nigerias former President Olusegun Obasanjo also resides on Banana Island. She was also accused of awarding multi-billion Naira contracts without recourse to due process. Rated as a 2-goaler in the U.S., he saw some action on the field at IPC last season. She left the children in Bebeji, in the care of an old slave woman named Tata. GB Auto, a Cairo-based automaker led by the family of the late Egyptian auto tycoon Raouf Ghabbour, achieved a record-breaking profit of EGP 10.5 billion ($344 million) at the end of its 2022 fiscal year. Dantata, who is Dangote's stepbrother, is the founder and chairman of MRS Holdings Company Limited. Now you might be familiar with the Dantata family name, but the question is: do you know who Sayyu Dantata is? Buyers have a choice of two- to four-bedroom en-suite flats, maisonettes and terrace houses, added Charles Onyenze, an associate at Knight Frank. The 200-million-liter lubricant plant is the first of its kind in West Africa and covers the entire value chain of lubricants. "During the winter season in Wellington, Grand Champions is hosting 19 tournaments, the most of any club in the U.S., including four in January. - Sayyu Dantata - Son of Alhassan Dantata - the wealthiest man in West Africa at the time of his death in 1955.-Kola Abiola - son of MKO Abiola - prominent businessman, publisher and politician. Our reputation is paramount to us and we are conscious of the downside of it. Instead of bringing kola nuts on pack animals, he used steamships to transport them between Accra, Kumasi, Sekondi and Lagos. Ovlas Trading is co-owned by Sayyu Dantata and Patrice Alberti in the name of Ovlas Trading S.A., for 75 shares with a par value of US$ 100,00 each; and in the name of Karbelina Investments LLC, for 25 shares with a par value of USS 100,00 each. 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. AMINA MAINA oversees all trading, supply, and operations of thegroups activities spanning over 6 countries, including 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. ", She added that because there is not much car traffic, "you can jog in peace.". His mother, who had never remarried, died in Accra around 1908. WhatsApp. Mariya Dantata also has a registered location at Plot 70, Sharada Industrial Area, Phase 3, Kano, Nigeria. Seychelles is a well-known tax haven used by businessmen and politicians and celebrities to perpetrate shady business deals. Prior to founding MRS in 1995, Alhaji Dantata was the Director of Dangote Transport (Dangote Group), Lagos, Nigeria. Lubricants: engine oil, industrial oil, transmission oil, marine oil, grease, and specialty lubricants are highly demanded, especially in the automotive and industrial sectors, with the influx of used and new personal and commercial vehicles increasing by the day. 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. Dantata is the founder and chairman of MRS Holdings Company Limited. 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 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. Here is a video of Sayyu Dantata flying his new $2m Helicopter-Chopper from the MRS Head Office in VI to his warehouses in Apapa. However, it was not granted because of worldwide military and economic conditions. The first homes were built on the south side of the island, but as land prices skyrocketed through the years, high-rise condo developments were built on the north side, which also houses the areas commercial corridor. To due process, he said Banana Islands exclusivity always will remain attractive to the! And politicians and celebrities to perpetrate shady business deals, more: Dhabis... Much car traffic, `` you can jog in peace. `` who the! Than anybody I have seen, '' Dantata Jr., Hope Arellano had three goals and Peco added... 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