[4], He was also a personal friend of the Qadiriyya scholar, Ali Kumasi and supported some of the latter's religious works in Kano. He started his career as the transport director with the Dangote group, one of Nigeria leading conglomerates and rose through the organization. They are frequently used to shield the identities of owners and/or to hide money. Based on figures derived from investment agencies, the latest annual reports and confirmations from capital market registrars, these are the five richest people who own stocks listed on the Nigerian Stock Exchange. ALHAJI SAYYU DANTATA is a mechanical engineerby training having attended the Morris BrownCollege in Atlanta, Georgia, USA. His support for Ali Kumasi led him into conflict with Nasiru Kabara, the leader of the Qadiriyya movement in Kano and West Africa and a former tutor of Sanusi. Omooo com see level ?. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. After three years of holding the shares, they all ceased to be shareholders. An engineer by profession, he started his career as the transport director with his uncles company and rose through the organization. He had his education at the Morris Brown College in Atlanta-Georgia, United States of America. He did this to beat the normal gridlock on the road. Filing legal paperwork to help incorporate a company is a very different thing from establishing a business link with or directing in any way the companies so formed, Carlos Sousa, the companys public relations director, said in a statement to ICIJ. She obtained a B.Sc in Business Administration from the AhmaduBello University, Zaria, Nigeria in 1998. He also serves as a non-executive director of the companys board. 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. However, he was forced to sell much of the transport and cattle business by 1947 and later added on real estate. This started in 2009 and he has gone on to be named the richest man in Africa; year after year. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. 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 is the Director of Hydro Alternative Energy Incorporated. 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. "The way he plays, his style, he is just unique. wealth and financial magazine, Forbes namedBanana Islandin Lagos as themost expensive neighbourhoodand place to live in Nigeria. Nigerian billionaire, Aliko Dangote owns the Dangote Group, which has interests in commodities. "I am happy I won," Dantata Jr. said. At least 100,000 secret bank account operators who owned about $100 billion were exposed in the leaks, unsettling investigators in several countries. Hippy Chic, a Chestnut mare owned and played by Hope Arellano in the second chukker, was Best Playing Pony. That investigation, published in February last year showed how HSBC profited doing business with people who stole from their countries and some of the worlds most notorious con artists, including people who made a fortune fuelling wars in Africa. For many, this did not come as a surprise as Banana Island is largely considered to be on the same level of exclusivity with Saint Germain-des-Prs in Paris, Malibu in California, Beverly Hills in the United States, Burj Khalifa in Dubai and the elegant Calle Serrano in Spain. Lastly, Sayyu Dantata, you must have heard this name before, Dantata is one of the popular rich men in Nigeria and the name always ring a bell even to those that haven't seen him before. 2023 Billionaires.Africa. Going into the match, both David Paradice's Scone and Sayyu Dantata's SD Farms had secured resounding victories against their Semifinal opponents, proving they were more than worthy to have trounced the other eight teams and potentially, each other. It's definitely different playing mixed polo but I love it.". Sign up with your email address to receive news and updates. Privacy Policy | He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). Dantata made the 5th position on the list of the richest men in Northern Nigeria. But dont feel sorry for him: Ovia still remains the banks largest individual shareholder, controlling nearly 10%. He then started buying diesel from AP, Unipetrol, and the Kaduna Refinery. Alhaji Sayyu Idris Dantata - Chairman Alhaji Dantata is a mechanical Engineer. Yes! Dantata is a cousin of Aliko Dangote, and is one of Nigeria's most popular polo patrons. 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His surname is actually Idris, which he swapped for his mothersthe mum, Mariya Dantata, was the granddaughter of Alhassan Dantata, a successful businessman from whom the Dantatas have their roots. Tom G. Forrest. He is a seasoned mechanical engineer by training. Sanusi Dantata (c. 1919 - 15 April 1997) was a Nigerian entrepreneur and son of Alhassan Dantata. "I love it. March 25, 2022. 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. The companys operations span several West African countries including Benin Republic, Togo, Cameroon and Cote DIvoire. Alhaji Alhassan Dantata was a Nigerian businessman who was the wealthiest man in West Africa at the time of his death. I wish to state categorically that neither Aliko Dangote nor Dangote Industries Ltd (DIL) has any form of relationship with these alleged four off shore companies. In the 1960s, he was the largest licensed produce buying agent of groundnut in Nigeria. Dangote Cement: his stake is worth NN 1.76 Trillion ($11.5 billion), Dangote sugar: stake is worth N87.95 billion ($574.8 million), Dangote Flour Mills: stake is worth N59.48 Billion ($389 million), National Salt Company: stake is worth NN7.57billion ($49.5 million). They have had to buy diesel from foreign firms who were then receiving allocations despite having no offices of their own in the country. [READ THIS: SON partners Nigerian Army to actualise vehicle assembly initiative], Ary Berry (@AremuAbayomi5) June 26, 2019. Content created and supplied by: studio.opera.com (via Opera According to a clip of the incident that was recorded by one of Dantatas staff and has since gone viral on the internet, he flew the helicopter all by himself and landed on top of his office building. //]]> The business magnate also served as a Director at MRS Holdings Ltd and Transnational Corporation of Nigeria Plc. Roman Loimeier. A former bank chief, Egwuenu is the second largest individual shareholder of the Zenith Bank Group. Dantata is a cousin of Aliko Dangote, and is one of Nigerias most popular polo patrons. Note: these figures exclude private assets. Sayyu Dantata is the Chairman and Chief Executive of MRS Oil (market cao: $112 million), a leading Nigerian oil marketing company. His company, Globacom has over 27 million subscribers, which makes it the second largest telecom company in Nigeria. He used the inheritance to revive his transport and lorry business. Sayyu Dantata, chairman MRS Oil chairman, has tendered his resignation as chairman of the company. Net Worth: $300 million. Jane I. Guyer. The groups operations span several West African countries, including the Benin, Togo, Cameroon, and Cote dIvoire. 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 . 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. Among those accounts were that of Dangote, who became an HSBC private account client in July 2003. Scholarships are available. Among them are Sayyu Dantata, Aisha Dantata and Mariya Dantata who are listed as shareholders of Koggi Shipping Incorporation with registered location as Plot 688, No 4 Winnipeg Close Street, Maitama, Abuja, Nigeria. Leave Application Sayyu Dantata acquired a majority stake in MRS Oil Plc in March 2009 through a shell company Corlay Global SA. All Rights Reserved. She owns a property on Banana Island that has been the subject of very many controversies. Shell companies, experts say, are entities that have no active businesses and usually exist only in names as vehicles for another companys business operations. 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. and founder of Sanusi Dantata and sons limited. Register for updates and alerts on ANCIR Investigations. According to internal data of the Panama-based offshore-provider, Mossack Fonseca, obtained by the German newspaper Sddeutsche Zeitung and shared by the International Consortium of Investigative Journalists (ICIJ), Dangote, his relative, Sayyu Dantata, as well as his business allies have over the years used shell companies domiciled in controversial tax havens in their business transactions. The Worlds Best Cross-BorderInvestigative Team, ANCIR is not responsible for the content of external sites | 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. 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. Biggest asset: $12.1 billion (market cap) Dangote Cement. Marco ensures that all activities carried out in the terminals, areperformed according to highest international standards (API,Ocimf, Isgott). Sayyu Dantata comes from a wealthy his surname can prove dad; according to Forbes "Dantata" was once the richest man in Africa just like . He has been a Non-Executive Director of Nigerian TelecommunicationsLimited since 2008. Below is a list of 9prominent Nigerians who live on Banana Island as well as those who own properties on it. The son of the slain businessman, politician, publisher and winner of the 1993 presidential elections in Nigeria, M.K.O Abiola. The system involved about five autonomous level of associates, agents, and farmers. LAST CORPORAL (@ridwan_ashafa) June 25, 2019. January 24, 2023 Nigerian businessman Sayyu Dantata, the stepbrother of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. 7 billion ($220.5 million). Dangotes account was in operation till August 2004. Dantata could not be reached. He started his career as Director of the Engineering and Transport Division of Dangote Group, the biggest Nigerian conglomerate. Shell companies constitute some of the darkest, sometimes convoluted, corridors in global illicit finance. Every time I see horses I just want to go and spend time with them. Business career [ edit] 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. 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. AMINA MAINA oversees all trading, supply, and operations of thegroups activities spanning over 6 countries, including Nigeria. 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His presence as a resident of Banana Island doesnt come as a surprise. 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. Iyabo Obasanjo, the daughter of Nigerias former President Olusegun Obasanjo also resides on Banana Island. This page is not available in other languages. Nigerian Gas Association. [CDATA[ has changed its name and is now incorporated under the name of PETROWEST S.A. on this 27 day of April 2011. She's turned into one of my best horses. However, by 1980, he had relinquished some of his business interest to his sons, including the eldest, Abdulkadir Sanusi Dantata, who co-founded Dantata and Sawoe and Asada Farms.[2]. 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