That was also dated April 12 2006. Hippy Chic, a Chestnut mare owned and played by Hope Arellano in the second chukker, was Best Playing Pony. Also, the Dantata family through marriage and credit extension is linked with a few independent trading families in Kano and Northern Nigeria. Tinubu owns a growing list of properties in Lagos (over 22) and Abuja including his property on Banana Island. 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. WELLINGTON, Fl., February 1, 2020---SD Farms rallied late in the sixth chukker to capture the Aspen Valley Cup Friday at Grand Champions Polo Club.SD Farms (Hope Arellano, 1, Sayyu Dantata, -1, Peco Polledo, 6, Lucas Arellano, 2) defeated Mashomack (Josephine Hermans, 0, Santos Bollini, 1, Juanse Olivera, 2, Juan Monteverde, 5), 11-10, to win the January 8-Goal league title.Other January League winners were Newport defending its title against Beverly Equestrian to win the Limited Edition 12-Goal Series and Bushwood defeating Altair Polo to win the Metropolitan 6-Goal Cup.Dantata Jr., 18, was named Most Valuable Player after scoring a game-high six goals including four in the final chukker in his debut at Grand Champions. 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. 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. 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. According to documents available to Premium Times, on the same day, Dangote was re-issued a higher number of shares 250,000. 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. Details available show that the plant has the capacity to produce about 50 percent of Nigerias lubricant consumption, which today stands at about 364 million liters. "I don't know what happened in that last chukker," Dantata said. I've been playing her and it will be my second winter with her. It was a super fun team. Given that they at times have nominee directors, often have no phone number, no e-mail address, no physical address, no company logo, no contact person and no federal identification number and because the host country deliberately did not collect enough ownership information on company formation documents, there are usually no paper trails for law enforcements to trace back to a particular individual or individuals in most financial investigations. Dantata is a cousin of Aliko Dangote, and is one of Nigeria's most popular polo patrons. While other people's fortunes wax and wane according to. Shell companies constitute some of the darkest, sometimes convoluted, corridors in global illicit finance. He also serves as a non-executive director of the companys board. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. 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. Record producer Kenny Beats takes us on a journey from Berklee College of Music to blowing up the electronic dance music scene to reemerging as a sought-after hit maker and content creator, all while building one of the most interactive, music-obsessed communities on the internet. She was also listed as Nigerias Highest Paid Blogger by Forbes in August 2016. They are frequently used to shield the identities of owners and/or to hide money. Prior to establishing the MRS Group, Sayyu had worked with the Dangote Group as director of the engineering and transport division. Nigerian is a Nigerian politician and the first female President of OPEC. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address! 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. 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. News ), Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. From Femi Otedola to Aliko Dangote, billionaire Mike Adenuga, and even Tony Elumelu. Dantata started his career as Director of the Engineering and Transport. Corlay Global S.A. and SID Holdings Group are among other companies owned by MRS Holdings and Dantata. Dangotes account was in operation till August 2004. He started his career as the transport director with the Dangote group, one of Nigeria leading conglomerates and rose through the organization. The M.R.S Investments Companies mentioned earlier is a subsidiary of MRS Holdings. Olivera led Mashomack with a team-high five goals. There after he started his own business and currently sits as the Chief Executive Officer of the MRS Group. Seychelles is a well-known tax haven used by businessmen and politicians and celebrities to perpetrate shady business deals. His father left a will to be shared among his nineteen children and three wives following Maliki law. It is a clear indication that, despite the challenges posed by the global pandemic, Nigerian businessmen and captains of industries are determined to continue investing in and developing the countrys economy. "Dantata plans to move up into 12-goal league play in February, he said. Given at Victoria, Seychelles.. -Kola Abiola - son of MKO Abiola - prominent businessman, publisher and politician. XE Currency Converter This literary means they resold the shares back to themselves. In the 1960s, he was the largest licensed produce buying agent of groundnut in Nigeria. The companys operations span several West African countries including Benin Republic, Togo, Cameroon and Cote DIvoire. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). 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. See More, Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. The plant, located at the Bestaf Facility, was inaugurated by Nigerian President Muhammadu Buhari on Monday evening in the presence of Lagos State Governor Babajide Sanwo-Olu and other dignitaries. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. Spear magazine (a Daily Times Publication), P. 23. p 209. Dantata was also charitable, by 1963, he was spending about 40,000 pounds each year in credit to friends and the poor and provided funds to each of his children and in-laws. Samoa is one of the various countries used as tax havens by large corporations. They have had to buy diesel from foreign firms who were then receiving allocations despite having no offices of their own in the country. 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. Dangote was hurled into prominence when Forbes listed him as one of the richest men in the world. 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). 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. Sayyu Dantata, chairman MRS Oil chairman, has tendered his resignation as chairman of the company. Iyabo Obasanjo, the daughter of Nigerias former President Olusegun Obasanjo also resides on Banana Island. Securely share information with Africa's finest journalists. Nigerian Gas Association. The groups operations span several West African countries, including the Benin, Togo, Cameroon, and Cote dIvoire. At the time of his death he was the wealthiest man in West Africa. 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. The commodities titan reigns supreme in Nigerias capital markets. Mechanical Engineering from Morris Brown College Atlanta- Georgia, USA. Omokolade is a seasoned financial analyst and reporter with in-depth knowledge of and expertise in equity markets, and financial and economic analysis. Diezani was, however, not officially charged or tried for these allegations and has strongly denied any wrongdoing. Dangote plans to channel the funds into the construction of a new cement manufacturing facility in Cote DIvoire. This started in 2009 and he has gone on to be named the richest man in Africa; year after year. He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. Alhaji Alhassan Dantata was a Nigerian businessman who was the wealthiest man in West Africa at the time of his death on August 17, 1955. 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. He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. She's turned into one of my best horses. Dantata, who is Dangote's stepbrother, is the founder and chairman of MRS Holdings Company Limited. 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. [CDATA[ In 2012, her blog was worth $1.2 million. 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. Both Kumasi and Dantata tried to promote an independent Qadiriyya scholarship and religious authority, challenging the leadership of Kabara. Peoples Reactions: Some Nigerians who are yet to recover from the Benin-Lagos Expressway helicopter stunt, were quick to relate both incidents. CHECK: LANDS FOR SALE IN IKOYI DAVIDO He has also served as a Director at Transnational Corporation of Nigeria Plc. Sayyu Dantata is the billionaire cousin of Alhaji Aliko Dangote, Africas richest man and Chairman of the Dangote Group. . However, by the early 1970s, both men joined the Kabara faction of Kano Qadiriyya.[5]. Press, 1997. p 65-70. Despite his remarkable career as one of the greatest rappers of all time, Jay-Z amassed his $2.5 billion fortune from his diverse investments. That means the businessmen simply resold the shares back to themselves. 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Dantata is the companys largest individual shareholder, controlling about 60% of the company. 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. The world's premier source of news on Africa's billionaires and UHNWIs. 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MRS Holding particularly popped up regularly as multiple shareholder company for other companies linked to Dangote and Dantata in Panama. A former bank chief, Egwuenu is the second largest individual shareholder of the Zenith Bank Group. Markets never sleep, and neither does Bloomberg News. His venture into the Oil and Gas industry in 1993 resulted in the establishment of the MRS Group in 1995 PPPRA Because we do, we have not once in nearly 40 years of operation been charged with criminal wrongdoing. Her home is currently valued at N800 million. 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