The company has an annual turnover of ten billion naira (N10 billion) with ships, and totals about 50,000 tons of diesel monthly. On his part, Mr. Sowemimo owns 15,000 share units in Capital Development Solutions Limited which is a client company to Orion House Services (HK) Limited operating in Samoa. Alhaji. Sayyu Dantata is the Chairman and Chief Executive of MRS Oil (market cao: $112 million), a leading Nigerian oil marketing company. Owners create Shell companies for a host of dodgy business reasons. Alhaji Alhassan Dantata was a Nigerian businessman who was the wealthiest man in West Africa at the time of his death. Sayyu Dantatas MRS Group acquiring Chevron Texacos downstream assets through its subsidiaries, Corlay Global SA and Petrocci Holdings led to Otedola having animosity towards both him and his half-brother. Despite several documents linking Dangote to those offshore companies, the businessmans spokesperson insisted he never had any relationship with the offshore entities. He is a graduate of Mechanical Engineering from Morris Brown College Atlanta- Georgia, USA. In essence, they are corporations that exist mainly on paper, have no physical presence, employ no one and produce nothing. At the time of his death he was the wealthiest man in West Africa. Ovia was forced to step down as chief executive last year following a Central Bank directive which limits the tenure of bank chiefs to 10 years. Her home is currently valued at N800 million. 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. Sayyus MRS got its big break when it was hired by the NNPC in 1998 to dispose of Low Residue Stock (a by-product of the refining process). "He is amazing, he is different than anybody I have seen," Dantata Jr. said. Alhaji Dantata is a mechanical Engineer. It was the only club in the nation to stage two 20-goal fall tournaments in addition to the International Cup and Legends of Polo Carlos Gracida Memorial. 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. Aliko Dangote is widely known for his staggering wealth. However, he was forced to sell much of the transport and cattle business by 1947 and later added on real estate. Nigeria, Africas most populous nation, is home to some of the richest men on the continent. Jane I. Guyer. 2023 Billionaires.Africa. 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. [1] Omooo com see level ?. Corlay Global S.A. and SID Holdings Group are among other companies owned by MRS Holdings and Dantata. In a notice sent to the Nigerian Stock Exchange (NSE), the management of MRS Oil said. Breakdown Of Sayyu Dantata's NSE Fortune. He was a director of the Nigeria branch of Shell B.P. AMINA MAINA oversees all trading, supply, and operations of thegroups activities spanning over 6 countries, including Nigeria. PPPRA Dangote plans to channel the funds into the construction of a new cement manufacturing facility in Cote DIvoire. has changed its name and is now incorporated under the name of PETROWEST S.A. on this 27 day of April 2011. For additional information on our products/services or our industry expertise, please visit the appropriate page on our site. It was the first time he played against polo great Adolfo Cambiaso. The chopper is reportedly worth about N722 million. Please contact us using the information below. -Kola Abiola - son of MKO Abiola - prominent businessman, publisher and politician. This is What You Can, You Will Learn How To Make Coconut Rice After Seeing These, See Why You Shouldnt Be Eating Bananas For Breakfast, Why You Should Consider Having Catfish Regularly In Your Meal, Interesting Facts About Toby Onwumere, The Nigerian Actor On Sense8, Nigerian Model Elizabeth Ayodele features in Love Magazines latest Video Campaign, Nigerian Student Develops Alternative Cure For Breast Cancer, Dr. Ozak Esu Among Telegraphs Top 50 Women in Engineering under, Nigerian Celebrity Biography: Bisola Aiyeola, 6 Mistake You Should Avoid Before You Say I Do, Want to Ask a Girl Out Over Text? SD Farms will return for a second season.Hippy Chic, a Chestnut mare owned and played by Hope Arellano in the second chukker, was Best Playing Pony. 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He graduated in 1979 with a Bachelor of Science degree in Accounting and has been said to have a net worth of N10 trillion. Seychelles is a well-known tax haven used by businessmen and politicians and celebrities to perpetrate shady business deals. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. His venture into the Oil and Gas industry in 1993resulted in the establishment of the MRS Group in1995. Note: these figures exclude private assets. About Sayyu Dantata: Alhaji Sayyu Idris Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd, formerly known as the MRS Group. He is the Director of Hydro Alternative Energy Incorporated. MRS Holding particularly popped up regularly as multiple shareholder company for other companies linked to Dangote and Dantata in Panama. Others like Sayyu Dantata however are the new kids on the block. 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. Africas richest man, Aliko Dangote, and his brother Sayyu Dantata have been linked to shell companies in tax havens, writes Joshua Olufemi and Emmanuel Mayah. Sayyu Dantata is a creator and CEO of MRS Holding Ltd. Over the years, he has managed to build himself a fantastic career thus acquiring the stunning contemporary style mansion located in the billionaires' playground of Banana Island Ikoyi that costs millions of dollars. MRS Oil: his stake is worth N10.2 billion ($67 million) Oba Otudeko 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. 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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. CHECK: LANDS FOR SALE IN IKOYI DAVIDO His presence as a resident of Banana Island doesnt come as a surprise. 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. He started his career as the transport director with the . Many people using offshore companies do so legally and offshore companies indeed have many legal purposes. In providing those services, we follow both the letter and spirit of the law. Diezani was charged with responsibility for $20 billion missing from the Petroleum agency. Alhaji Dantata has been the Chairman of MRS Oil Nigeria Plc since 2009. I chronicle Africa's success stories and track its richest people, he received Nigerian Central Bank approval to invest $4 billion outside the country. He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. Oba Otudeko, a former banker and renowned boardroom guru, owns a 15.4% stake in Honeywell Flour Mills, an NSE-listed entity which is part of the largely private Honeywell Group-a diversified conglomerate with tentacles in everything from oil marketing to food production, engineering services and finance. In addition to Dantata Jr., Hope Arellano had three goals and Peco Polledo added two goals. 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. The companys operations span several West African countries including Benin Republic, Togo, Cameroon and Cote DIvoire. Owns vast collection of prime real estate in Lagos, including the Landmark Civic Center in Lagos. Sanwo-Olu described the facility as an integrated first-class factory and highlighted the presidents excitement that the countrys captains of industry had continued to rise above all odds despite the global pandemic challenge. He had his education at the Morris Brown College in Atlanta-Georgia, United States of America. Sayyu Dantata acquired a majority stake in MRS Oil Plc in March 2009 through a shell company Corlay Global SA. The bank helped questionable characters conceal their wealth despite knowing their sources, and devised ways to hide the identities of the owners of the secret accounts from governments around the world. Shell companies, experts say, are entities that have no active businesses and usually exist only in names as vehicles for another companys business operations. Hippy Chic, a Chestnut mare owned and played by Hope Arellano in the second chukker, was Best Playing Pony. Some others set up shell companies to raise funds before starting operations, to attempt a takeover or as a front for an illegal business. SD Farms will return for a second season. It has been said that his half-brother, Aliko Dangote, was the one who paid his fees. Some people even joked that Lagos may soon start experiencing air gridlocks if these billionaires continue flying their helicopters around. 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. 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. Some members of this system engage in buying goods from restricted rural areas and transporting it to the city where another group of agents in the Urban area buys the goods and store them instead of Dantata. The young Alhassan was brought up in the care of an old slave woman, who was known as "Tata" from which circumstance young Alhassan became known as Alhassan Dantata because of her role as his mother. However shell companies are at times used for tax avoidance. I tried my best. The Dantata family operated their businesses partly through a patrimonial system of credit allocation, trade and business transfers to kin, household and others members of their clientage. He is the Director of Engineering . 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