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. 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 . He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. "Banana Island is all about location," she said. Securely share information with Africa's finest journalists. Thats the price for each of the twin townhouses on 600 square meters of land. It is home to Arthouse Contemporary, a local auction house; the Wheatbaker hotel, which holds art exhibits and art-related events; and the Nigerian National Museum, which features the best in Nigerian art. She obtained a B.Sc in Business Administration from the AhmaduBello University, Zaria, Nigeria in 1998. Rupert has taken steps to secure his position in the company, including appointing his son Anton to the board to ensure a long-term strategic vision for the group. Aliko Dangote is widely known for his staggering wealth. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). He holds aBachelors degree in Economics from the ParisAcademy and has been with the MRS Groupsince 2004. He was a director of the Nigeria branch of Shell B.P. "Victoria Island is like Manhattan," Ms. Nouboue said. 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. Despite experiencing a single-digit 5.2-percent decrease in revenue during the review period, the groups profit skyrocketed by an astounding 496 percent, surging from EGP 1.77 billion ($57.8 million) in 2021 to EGP 10.54 billion ($344.2 million) in 2022. "As Banana Island did in the beginning, it restricts the types of homes that can be built. To keep reading for free, please enter your email! 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. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. He pointed to recent reports by the National Bureau of Statistics that indicated that the non-oil sector, which includes construction and real estate, grew by 2.05%, and that the Nigerian recession ended in the fourth quarter of 2017. They include Ola Rosiji, a shareholder of Excalibur Holdings Services Incorporation; and Alex-Duduyemi Oyekunle, a traditional chief known as the Aro of Ife Kingdom. Now you might be familiar with the Dantata family name, but the question is: do you know who Sayyu Dantata is? An American-educated mechanical engineer, Dantata returned home to his native Nigeria to begin the energy conglomerate that became MRS Holdings, growing it into one of the nations largest companies. It is dedicated to teaching polo to all ages, particularly grass roots youth. Shortly before his death, he pointed to sixty "groundnut pyramids" in Kano and said, "These are all mine". His venture into the Oil and Gas industry in 1993 resulted in the establishment of the MRS Group in 1995 Our reputation is paramount to us and we are conscious of the downside of it. [citation needed], By 1922 Dantata had become the richest businessman in Kano, surpassing other merchant traders. Unlike other established Kano merchants, he was in his mid-thirties, with a small family and retinue to support. During the announcement of the new brand identity for the group, Nader Ghabbour, the CEO of GB Auto, revealed that the companys new identity strategy focuses on two main pillars: digital transformation and sustainable development. Tundun leads a largely quiet lifestyle with the exception of rare appearances at social events. "He is amazing, he is different than anybody I have seen," Dantata Jr. said. Buyers have a choice of two- to four-bedroom en-suite flats, maisonettes and terrace houses, added Charles Onyenze, an associate at Knight Frank. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. He traded in cattle, cloth, beads, precious stones, grains, rope and other things. More:Marshan Offers the Very Best of Tangiers Enduring Allure. NEXT: 5 Female Nigerian Politicians Involved In Corrupt Practices, Aliko Dangote, a poster boy for Africas undeniably successful businesses, is one of, The Board of Director of Medview Airline Plc has resolved to engage in lease . Established in 1985 by the late Egyptian auto mogul Raouf Ghabbour, GB Auto has grown under his guidance to become one of the leading automobile distributors and assemblers in the Middle East and North Africa. But this is just a little scratch on the surface. 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.. Yes! When Banana Island was built nearly two decades ago, there was no other luxury spot like it in Nigeria, but it now has competition. Mossack Fonseca, the company behind the registration of the shell companies, said it does not direct the companies it incorporates for its clients and therefore cannot be held liable for the uses to which the firms are put. Ten of the richest businessmen in Ethiopia most of whom youve likely never heard of, Abdul Samad Rabiu becomes Nigerias second-richest man, net worth surges above $7 billion, African billionaire heirs are making their mark in philanthropy, Billionaire mining mogul Patrice Motsepe acquires luxury wine farm in South Africa, Egyptian billionaire Naguib Sawiris Orascom Investment sells stake in TWA in $35-million deal, Mohammed Akoojees Imperial Logistics partners with UbiPharm to create Africas largest healthcare distribution network, Sam Darwishs IHS Towers to acquire tower assets in Brazil in $315-million deal. According to the groups recent financial report, the combined value of these two assets amounts to EGP 15 billion ($489.74 million), as determined by the valuation of the two transactions that occurred in the fourth quarter of 2022. Re: Billionaire Sayyu Dantata Launches $450m Lubricant Plant In Lagos by KingKO22: 9:20am On Jan 25 Asiwaju Tinubu has created the enabling environment for all business to thrive and become successful The Nyamirin Zombipigs have created death nd chaotic environment in Alaigbo Land therefore making it a dead trap for investors. The contact numbers listed on MRS Holdings website failed to connect the several times our reporter called. Aliko Dangote's brother, Sayyu Dantata's MRS Oil head office shut down by Government over Tax Evasion. Many people using offshore companies do so legally and offshore companies indeed have many legal purposes. Did you know that Dantata and Africas richest man, Aliko Dangote are cousins? 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. Leave Application "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. However, it was not granted because of worldwide military and economic conditions. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. [3] Abdullahi died in Bebeji around 1885. Afrex Sal is a client company for Dantata and Dangotes Ovlas Trading based in Monaco France. He could speak some English and already had direct dealings with Europeans in Lagos and Accra. His net worth has never been successfully estimated given his extremely private life and business dealings. Please contact us using the information below. Business career [ edit] 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. PPPRA Download Opera News APP, By studio.opera.com (self media writer) | 2 years ago. The most expensive listing now on the market, NGN5 billion, is for a six-bedroom detached house on 2,600 square meters of land, she said. Dantata is the founder and chairman of MRS Holdings Company Limited. Its illegal to market real estate in anything but naira.". Africa's Business Space At Your Finger Tips! In the resulting civil war, Yusufu forces were victorious over Tukur, and claimed the title of emir. With this capacity, the company is thus set to give well-known brands such as Total Nigeria Plc, Ammasco International Limited, 11 Plc, Oando Plc, Tonimas Nigeria Ltd, Forte Oil Plc, and Conoil Plc a run for their money. We generally think that death is the equalizer of all men and that we will all answer to God. Mike Adenuga, the billionaire owner of Globacom, the countrys second largest telecom operator and of the oil exploration firm Conoil, lives on the island, according to Ms. Nouboue and published reports. 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. ", More:Fiesole, Italy, Offers a Village Feel Just Outside Florence. 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. Other business allies who are shareholders in companies located at Plot 70 Sahrada Industrial Area, Phase 3, Kano, Nigeria, include Ayokunu Tajudeen Sowemimo and Arjun Thadani. According to the documents, three years after they existed as shareholders of the company, the trio Dangote, Dantata and M.R.S Oil and Gas Company Limited ceased to be shareholder in the company. She left the children in Bebeji, in the care of an old slave woman named Tata. ", He said Banana Islands exclusivity always will remain attractive to "the highest echelon of the society.". It's definitely different playing mixed polo but I love it.". 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. Africa's richest man, Aliko Dangote, and his brother Sayyu Dantata have been linked to shell companies in tax havens, writes Joshua Olufemi and Emmanuel Mayah. It remains unclear whether Dangote and his associates used their shell companies to buy any such service from Fonseca. For art, residents head to Ikoyi, which is five minutes away by car. "I love playing with my brother. The lubricant plant, which is located at Tincan Island in Apapa, Lagos, is set to contribute immensely to Nigerias economy and will boost employment, generate revenue, and reduce the countrys import dependence. 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. Of this, the facility is expected to deliver about 200 million litres of lubricant per year. Dantata is the founder and chairman of MRS Holdings Company Limited. As an industry leader under the control of the Egyptian Ghabbour family, GB Auto has grown significantly over the years. After three years of holding the shares, they all ceased to be shareholders. Nigerian businessman Sayyu Dantata, the stepbrother of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. 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. ALHAJI SAYYU DANTATA is a mechanical engineerby training having attended the Morris BrownCollege in Atlanta, Georgia, USA. "Banana Island is a piece of heaven in the middle of noisy Lagos," said Ms. Nouboue, adding that the island has two parks. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). Their company MRS Oil and Gas was re-issued 500,000 shares. Basically, the [] XE Currency Converter It also offers status. They serve cocktails, and theres a pool.". His mother, who had never remarried, died in Accra around 1908. The remarkable surge in profit by triple digits can be directly attributed to two key factors: the sale of GB Lease, the groups leasing business, and its 7.5-percent stake in MNT-Halan, a prominent fintech firm led by Egyptian entrepreneur Mounir Nakhla. It has the power to change the world.. Sayyu Dantata is the billionaire cousin of Alhaji Aliko Dangote, Africas richest man and Chairman of the Dangote Group. She's turned into one of my best horses. newsheadline247 - August 25, 2017. Oriental Weavers, led by Khamis and other family members of the late Mohammed Farid Khamis, is a prominent carpet manufacturer and distributor with active operations in about 150 countries worldwide. More:The Beach is Always Close in Cottesloe, by Perth, Australia. Despite an impressive 16.2-percent increase in revenue from EGP11.4 billion ($372.1 million) to EGP13.26 billion ($432.9 million), the Khamis-led company experienced a nearly 22-percent profit decline from EGP1.21 billion ($39.4 million) in 2021 to EGP944.17 million ($30.8 million) in 2022. Abdullahi was the son of Baba Talatin, it was Baba Talatin who brought the family from Katsina to Madobi in Kano following the death of his father called Ali, Abdullahi continued to operate from Madobi until 1877, when having set out for a journey to Gonja headquarters of Kola nut trade at Ghana, his wife gave birth to Alhassan at the campsite (Zango) of Bebeji, upon his return from the journey he decided to abandon Madobi for Bebeji. "The first houses that were built are in British and Dubai traditional styles," Ms. Nouboue said. Because we do, we have not once in nearly 40 years of operation been charged with criminal wrongdoing. Beauty and seclusion set Banana Island apart. Dantata worked harder in Ghana than he did in Bebeji. ", She added that because there is not much car traffic, "you can jog in peace.". Despite the famine in Kano in 1914, he quickly dominated the groundnut purchasing business via promotions, loans and contacts. "I love it. Prior to founding MRS in 1995, Alhaji Dantata was the Director of Dangote Transport (Dangote Group), Lagos, Nigeria. He is largely regarded as being socially invisible and this stems from the low profile he has maintained over the years. 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. [citation needed], In 1906, he began broadening his interests by trading in beads, necklaces, European cloth, and trade goods. Some established merchants of Kano like Umaru Sharubutu, Maikano Agogo accepted their offer. For additional information on our products/services or our industry expertise, please visit the appropriate page on our site. 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. Residents also are attracted to the high-tech infrastructure on the island thats not available in the rest of the country. 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. Her blog currently enjoys a daily visit of between 100,000 to 250,000 visits from over 180 countries. "Most of the owners of single-family homes live here full time, but they also have houses in the U.K. or the U.S..". After her husband's death, she decided to leave Bebeji for Ghana, where she had commercial interests. More:Comporta, a Portuguese Village Where the Well-Heeled Go for Some Privacy. [1][2] He is the great-grandfather of Aliko Dangote, the wealthiest person in Nigeria and Africa. Nigerian businessman Sayyu Dantata, a cousin of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited.. Dantata, who is one of Dangote's cousins, is the founder and chairman of MRS Holdings Company Limited.The group's operations span several West African countries, including the Benin, Togo, Cameroon, and Cote d'Ivoire. "I am happy I won," Dantata Jr. said. Dangote is one of the most prominent clients of Mossack Fonseca, and in Panama alone, based on company registration addresses provided by shareholders, 13 shell companies registered by the firm are directly linked to persons and companies who in turn are linked to the billionaire and his allies. Among them are Sayyu Dantata, Aisha Dantata and Mariya Dantata who are listed as shareholders of Koggi Shipping Incorporation with registered location as Plot 688, No 4 Winnipeg Close Street, Maitama, Abuja, Nigeria. Dantata, who is Dangotes stepbrother, is the founder and chairman of MRS Holdings Company Limited. Ovlas Trading is co-owned by Sayyu Dantata and Patrice Alberti in the name of Ovlas Trading S.A., for 75 shares with a par value of US$ 100,00 each; and in the name of Karbelina Investments LLC, for 25 shares with a par value of USS 100,00 each. [citation needed], Dantata was still a teenager when the great upheavals occurred in the Kano Emirate from 1893 to 1895. In essence, they are corporations that exist mainly on paper, have no physical presence, employ no one and produce nothing. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. He supplied large British trading companies with raw materials and also had business interests in the Gold Coast. We thank you for upholding the principal ethics in journalism when in doubt, check. Bollini scored the final goal with six seconds left. "Its elegant, and they invite the biggest DJs in the world. Dantata stated that the plant will not only generate foreign exchange for the country through product exports but also meet the needs of neighboring countries. It will not be slowed down in perpetuity.". However, in recent years the founder of MRS Holdings has been spick and spank. He had several advantages over other Kano business men: language, wealth and age. Bola Ahmed Tinubu popularly known asJagabanis a former Lagos State Governor (1999-2007) and astute politician. [4] Because of the Agalawa support of Tukur, Dantata and the other Agalawa had their property confiscated and many were captured. The virus swept through Chinas major financial centers and hubs, such as Shanghai, leading to lockdowns that impacted millions of people. After the usual reading of the Qur'an, he had to go and beg for food for his mallam and himself. [6], Dantata maintained a house in Bebeji and had no property in the larger trading town of Kano. According to Dantata, the plant will not only generate foreign exchange for the country through product exports but also meet the needs of neighbouring countries. Dantata serves as a Director of Hydro Alternative Energy, Inc. and has been a Non-Executive Director of Nigerian Telecommunications Limited since August 2008. That means the businessmen simply resold the shares back to themselves. Others like Sayyu Dantata however are the new kids on the block. Prior to foundingMRS in 1995, Alhaji Dantata was the Director ofDangote Transport (Dangote Group), Lagos,Nigeria. Nigerian billionaire, Aliko Dangote owns the Dangote Group, which has interests in commodities. "I don't know what happened in that last chukker," Dantata said. That happened on October 12, 2012. She owns a property on Banana Island that has been the subject of very many controversies. There were two claimants to the Kano Emirate when Emir Muhammad Bello died in 1893. 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. Owners create Shell companies for a host of dodgy business reasons. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. [CDATA[ She lived in the United States for many years before finally relocating to Nigeria. She was accused of organising a diversion of $6 billion (N1.2 trillion) from the Nigerian treasury and was arrested in London in 2015. [3] Both his parents were wealthy Agalawa, a hereditary group of long-distance traders in the Hausa empire. Hermans and Bollini each had two goals and Monteverde added one.Dantata was coming off Thursday's Sterling Cup semifinal loss to Valiente. One current listing, she said, is for NGN750 million. He has an estimated net worth of $4.1 billion and the figures continue to soar. 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. 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. As part of a recompilation, Abbas returned the confiscated lands around Kano to the Agalawa families. Dantata and his brothers were held for ransom, under the threat of slavery. Apartment buildings, Mr. Onyenze said, come fully stocked with amenities that include fitted kitchens, walk-in-wardrobes, intercom systems, security surveillance systems and standby generators. He urged them to avoid clashes with other wealthy Kano merchants. He was buried in his house in the Sarari ward.[2]. House heights were to be capped at three stories. They work for multinationals as well as the mega mobile-network operator Etisalat Nigeria; Airtel Nigeria, the provider of prepaid, postpaid mobile and 4G services; Ford Foundation Nigeria, a nonprofit whose mission is to advance human welfare; and the law firm of Olaniwun Ajayi & Co., which all have headquarters there. Sayyu Dantata, chairman MRS Oil chairman, has tendered his resignation as chairman of the company. But in an arrangement that seems curious, Dangote was issued a higher amount of shares 250,000 on the same day he resigned. The spokesperson for the Dangote Group, Tony Chiejina, in response to enquiry by Premium Times, said, Thank you for your enquiry concerning our alleged relationship with the following off shore companies namely: Paseo Trading Ltd, Seychelles; Petrowest S.A.,Seychelles; SID Holdings Corp, Panama and Chalmers Shipping Inc, Panama. His son, Alhaji Aminu Dantata and his grandchildren like Hajiya Mariya Sunusi Dantata as well as his great-grandchildren, Aliko Dangote still finance pilgrimages of other Muslims to Mecca every year. He supplied large British trading companies with raw materials and also had business interests in the Gold Coast. Oriental Weavers, a prominent carpet manufacturer based in Egypt and led by accomplished business tycoon and executive Yasmine Khamis, faced a decline in profits below the EGP950 million ($31 million) mark at the end of its 2022 fiscal year. Thank you for your interest in MRS Holdings Ltd. From Femi Otedola to Aliko Dangote, billionaire Mike Adenuga, and even Tony Elumelu. Sayyu Idris Dantata is Former Chairman at Mrs Nigeria PLC. 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. His presence as a resident of Banana Island doesnt come as a surprise. More:Abu Dhabis Al Reem Island Is a (High-End) Work in Progress. Is widely known for his staggering wealth forces were victorious over Tukur, Dantata was the wealthiest man in at... Village where the Well-Heeled Go for some Privacy many were captured you might be familiar with the MRS Groupsince.. 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