He started his career as the transport director with the Dangote group, one of Nigeria leading conglomerates and rose through the organization. Sayyu Dantata ranks as one of the best Polo Players in Nigeria. Others like Sayyu Dantata however are the new kids on the block. Bola Ahmed Tinubu popularly known asJagabanis a former Lagos State Governor (1999-2007) and astute politician. ], Oando announces resignation of Non-Executive Directors amidst managerial crises. [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. She was accused of organising a diversion of $6 billion (N1.2 trillion) from the Nigerian treasury and was arrested in London in 2015. Worth a staggering US$15.4 billion, Nigerias businessman and industrialist, Aliko Dangote, is on the Forbes Rich List as the wealthiest man in Africa. The companys stock is down 16% since it floated shares; yet to bounce back to IPO price. [READ THIS: SON partners Nigerian Army to actualise vehicle assembly initiative], Ary Berry (@AremuAbayomi5) June 26, 2019. "Dantata plans to move up into 12-goal league play in February, he said. Alhassan Dantata ( ( Listen); 1877 - 17 August 1955) was a Northern Nigerian trader in kola nuts and ground nuts, and he was a distributor of European goods. Tundun leads a largely quiet lifestyle with the exception of rare appearances at social events. "I won my debut, that's a good thing. Omokolade is a seasoned financial analyst and reporter with in-depth knowledge of and expertise in equity markets, and financial and economic analysis. The Worlds Best Cross-BorderInvestigative Team, ANCIR is not responsible for the content of external sites | The horses make you love them. 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To keep reading for free, please enter your email! Dangote was hurled into prominence when Forbes listed him as one of the richest men in the world. Marco ensures that all activities carried out in the terminals, areperformed according to highest international standards (API,Ocimf, Isgott). Dantata, who is Dangote's stepbrother, is the founder and chairman of MRS Holdings Company Limited. Dantata owns MRS Petroleum. Opinions expressed by Forbes Contributors are their own. In a separate document, it was shown that while Petrowest swallowed Ovlas S.A in Seychelles in 2011, courtesy of the name change, Petrowest S.A Panama only bought 100 units of shares at $100 each from Ovlas to become shareholder in the company. Her home is unarguably the most talked-about property on Banana Island owing to her status as a celebrity blogger. While other people's fortunes wax and wane according to. There after he started his own business and currently sits as the Chief Executive Officer of the MRS Group. 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. Anil Kumar Ahluwalia, whose company name is Santosh Investment Limited S.A is connected to a Panama shell company called Lotus Trust Services Sarl. The company has an annual turnover of ten billion naira (N10 billion) with ships, and totals about 50,000 tons of diesel monthly. It is dedicated to teaching polo to all ages, particularly grass roots youth. XE Currency Converter That was also dated April 12 2006. [CDATA[ Sayyu is Africa's Wealthiest Man Aliko Dangote's cousin. Nigerian Gas Association. He's built a network around his hit YouTube series, "The Cave," landed deals and produced records for some of the biggest artists in music, and still found time to release his first album, "Louie. They have had to buy diesel from foreign firms who were then receiving allocations despite having no offices of their own in the country. 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. Press, 1997. p 65-70. Jane I. Guyer. Shell companies are usually domiciled in notorious tax havens like Cayman Island, Monaco, Panama, Samoa, Switzerland, Luxembourg, Hong Kong, Singapore, Lebanon, Mauritius, British Virgin Islands, St. Lucia, Belize, Macao and close to a hundred others; usually tiny countries. 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. Dantata Jr. is the oldest son of Sayyu Dantata, patron of SD Farms and winner of last year's Palm Beach Open in the inaugural season of the 26-goal World Polo League. 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.. 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. The Nation. His venture into the Oil and Gas industry in 1993resulted in the establishment of the MRS Group in1995. -Kola Abiola - son of MKO Abiola - prominent businessman, publisher and politician. He added that the launch of the new facility will drive the production of 200 million liters of lubricant per year, which is more than enough to cover 50 percent of the countrys annual consumption. Dangote ceased to be shareholder permanently on July 6 2009, and Dantatas number of shares doubled to 500,000 shares while MRS Oil and Gas CO, LTD retained its 500,000 shares. Dantata serves as a Director of Hydro Alternative Energy, Inc. and has been a Non-Executive Director of Nigerian Telecommunications Limited since August 2008. He snubbed overvaluation claims which trailed the public listing of Dangote Cement last fall. 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. . Were proud of the work we do, notwithstanding recent and willful attempts by some to mischaracterize it.. Sign up with your email address to receive news and updates. Owns vast collection of prime real estate in Lagos, including the Landmark Civic Center in Lagos. Dangote, alongside his half brother, Sayyu Dantata, the founder of MRS Holdings (a leading West African oil-marketing firm, which acquired Chevron-Texacos downstream assets in 2007) bought equal shares of 12,500 each from OVLAS S.A, a shell company registered in Seychelles, on October 6 2003. MRS Oil: his stake is worth N10.2 billion ($67 million) Oba Otudeko Prior to founding MRS in 1995, Alhaji Dantata was the Director of Dangote Transport (Dangote Group), Lagos, Nigeria. But dont feel sorry for him: Ovia still remains the banks largest individual shareholder, controlling nearly 10%. 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. Dangote is pursuing international expansion. Feeding African Cities: Studies in Regional Social History, Indiana University Press, 1987. p 87-91. //
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