The island is ideal for families, she said, adding that the residents are well established and around 45 years old. Alhaji Dantata started his career as Director of the Engineering and Transport Division of Dangote . According to documents available to Premium Times, on the same day, Dangote was re-issued a higher number of shares 250,000. [citation needed], In 1918, the UK-based Royal Niger Company (later became the United Africa Company) searched for an agent to purchase groundnuts for them, and Dantata responded to their offer. [citation needed], Dantata was still a teenager when the great upheavals occurred in the Kano Emirate from 1893 to 1895. 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. "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. Nigerian businessman Sayyu Dantata, the stepbrother of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. He could speak some English and already had direct dealings with Europeans in Lagos and Accra. This they do through Transfer Pricing, a complex structure that allows businesses often in third world countries to shift profits to shell companies overseas to allow them pay little or no tax in the country where they made the money. As originally planned, Banana Island was to be an uber-exclusive enclave of single-family detached estates divided into 535 property plots that ranged from 1,000 to 4,000 square meters. Dangote was hurled into prominence when Forbes listed him as one of the richest men in the world. It has not impacted the prices in Banana Island significantly, though the fact that there are more options in the luxury market has definitely reduced the high and fast increase of prices that we could have noticed a decade ago. 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. So, according to published reports, does Iyabo Obasanjo, daughter of the former president Olusegun Obasanjo; Sayyu Dantata, son of Alhassan Dantata, who, when he died in 1955 was one of the wealthiest men in West Africa; Kola Abiola, the son of the businessman/politician MKO Abiola; identical twins Peter and Paul Okoye, aka P-Square, the Nigerian R&B duo; and Nigerian mega-blogger Linda Ikeji. He graduated in 1979 with a Bachelor of Science degree in Accounting and has been said to have a net worth of N10 trillion. As was the tradition, the bulk of his earnings went to his mallam. Banana Island, which is Nigerias answer to Pariss Seventh Arrondissement, San Diegos La Jolla, New York Citys Tribeca and Tokyos Shibuya and Roppongi, is a small man-made island in the Ikoyi neighborhood of Lagos. "It offers security, tranquility and privacy. In the resulting civil war, Yusufu forces were victorious over Tukur, and claimed the title of emir. . "Banana Island is all about location," she said. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. 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. [8], In 1955, Dantata fell ill. Because of the seriousness of his illness, he summoned his chief financial controller, Garba Maisikeli and his children. In 2015, her net worth was estimated to be between N1.5 billion and N2 billion. Richemont ranks as the fourth-largest luxury company globally, boasting a market capitalization of almost $79 billion. In 195354 he became a licensed buying agent, which allowed him to sell directly to the Nigerian Groundnut Marketing board instead of another firm. Our reputation is paramount to us and we are conscious of the downside of it. News ), Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Her home is currently valued at N800 million. Among those accounts were that of Dangote, who became an HSBC private account client in July 2003. As an entrepreneur and billionaire owner of Globacom, Nigerias second-largest telecom company, Mike Adenuga is a man with luxurious tastes. [citation needed], By 1922 Dantata had become the richest businessman in Kano, surpassing other merchant traders. Ovlas Trading is co-owned by Sayyu Dantata and Patrice Alberti in the name of Ovlas Trading S.A., for 75 shares with a par value of US$ 100,00 each; and in the name of Karbelina Investments LLC, for 25 shares with a par value of USS 100,00 each. One of the greatest mistake people make is to think that happiness can be . Sayyu Dantata, billionaire cousin of Africa's Richest person Aliko Dangote, has launched a $450 million lubricant plant in Lagos through Bestaf Lubricant Limited. When the British disposed the successor of Yusufu in 1903, they appointed Abbas as the Emir of Kano. MRS is a non-discriminatory, equal employer, providing gender equal opportunities and remuneration that is competitive within the industry. "Arellano got the opportunity to play with her brother Lucas, 20, who subbed for Dantata Sr. "It was so much fun today," Arellano said. 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. After a rest of only one day, she took him to a mallam and asked Dantata to stay there until he was ready to return to Bebeji. "Dantata plans to move up into 12-goal league play in February, he said. - Sayyu Dantata - Son of Alhassan Dantata - the wealthiest man in West Africa at the time of his death in 1955.-Kola Abiola - son of MKO Abiola - prominent businessman, publisher and politician. He is a seasoned Mechanical Engineer by training at the Morris Brown College Atlanta- Georgia, USA and owns a property on the prestigious Banana Island. He had substantial amounts of capital. Prior to founding MRS in 1995, Alhaji Dantata was the Director of Dangote Transport (Dangote Group), Lagos, Nigeria. He purchased some items in Bebeji, he sold half of them on the way and the rest in Accra. 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. Its' mission is to provide individuals opportunities in polo at every economic and ability level. Completed in 2000, its a billionaires paradise populated by the countrys richest and most well-known families, who savor its quiet, peaceful atmosphere far from the clamor and crowds of Lagos, the countrys largest city and financial center. See Sayyu Idris Dantata's compensation, career history, education, & memberships. . Facebook. Alhaji. Oriental Weavers is a leading carpet manufacturer and distributor. ALHAJI SAYYU DANTATA is a mechanical engineer by training having attended the Morris Brown College in Atlanta, Georgia, USA. "R.S.V.P. The 200-million-liter lubricant plant is the first of its kind in West Africa and covers the entire value chain of lubricants. Many people using offshore companies do so legally and offshore companies indeed have many legal purposes. Because we do, we have not once in nearly 40 years of operation been charged with criminal wrongdoing. "I love it. 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. As an industry leader under the control of the Egyptian Ghabbour family, GB Auto has grown significantly over the years. 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. An American-educated mechanical engineer, Dantata returned home to his native Nigeria to begin the energy . He is currently the Chairman of the MRS Group ofcompanies, Petrowest Trading S A, PetrowestServices Geneva and Corlay Global S Aleveraging on over 20 years of experience inthe downstream petroleum industry inNigeria. MARCO STORARI manages all aspects of oil storage terminalsoperations at MRS Terminals in West Africa which is over 350,000m3 storage depots. Nigerian Gas Association. 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. He might have hoped his wealthy mother would allow him to live with her and find him work among the Gold Coast Agalawa community. This innovation and contact with Europeans helped establish his wealth and future. Evidence abounds in the data that the Panamanian company, Mossack Fonseca, offers clients aggressive reinvoicing services that are specifically designed to help companies avoid/evade taxes. Like in the case of Ovlas S.A, Mr. Dangote suddenly ceased to be shareholder. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. Its illegal to market real estate in anything but naira.". Lubricants: engine oil, industrial oil, transmission oil, marine oil, grease, and specialty lubricants are highly demanded, especially in the automotive and industrial sectors, with the influx of used and new personal and commercial vehicles increasing by the day. Dantata worked harder in Ghana than he did in Bebeji. On the same date also, a company they both own as at 2003, MRS Oil and Gas Co. Limited bought 25,000 numbers of shares from OVLAS S.A. His net worth has never been successfully estimated given his extremely private life and business dealings. I've been playing her and it will be my second winter with her. ", He conceded that prices have dropped about 30%, but said that "the economy will improve. Nigeria currently consumes about 250 million litres of engine oil per year, and this consumption grows by more than five percent every year due to the addition of new vehicles and machinery. "It offers easier access to the mainland, and its closer to the airport. 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. The groups operations span several West African countries, including the Benin, Togo, Cameroon, and Cote dIvoire. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. Diezani was charged with responsibility for $20 billion missing from the Petroleum agency. PATRICE ALBERTI is currently the Vice Chairmanof MRS Group of Companies. SD Farms Wins Aspen Valley Cup At Grand Champions; Sayyu Dantata Jr. Alike Dangote's stepbrother Sayyu Dantata launches $450-million lubricant plant in Lagos. [7], In 1912, when the Europeans started to show an interest in the export of groundnut, they contacted the already established Kano merchants through Emir Abbas and their chief agent, Adamu Jakada. The contact numbers listed on MRS Holdings website failed to connect the several times our reporter called. Ikoyi also is a shopping destination. 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. Every time I see horses I just want to go and spend time with them. Dangote has been repeatedly listed by Forbes for his wealth. Download Opera News APP, By studio.opera.com (self media writer) | 2 years ago. 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. Corlay Global S.A. and SID Holdings Group are among other companies owned by MRS Holdings and Dantata. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). At the time of his death he was the wealthiest man in West Africa. (For religious reasons, his money collected no interest). DISCLAIMER: The currency conversion is provided for illustration purposes only. The 1.63-million-square-meter sand-filled island in Lagos Lagoon is a little more than 5 miles east of Tafawa Balewa Square, the commercial and ceremonial heart of Lagos. Ms. Nouboue said prices for detached houses, which rarely come on the market because there are not many on the island, start at NGN1 billion (US$2.75 million). He has an estimated net worth of $4.1 billion and the figures continue to soar. He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. Sayyu Dantata is the billionaire cousin of Alhaji Aliko Dangote, Africas richest man and Chairman of the Dangote Group. ", More:Click for more profiles of high-end neighborhoods around the world. Its by invitation only. It's definitely different playing mixed polo but I love it.". Buyers have a choice of two- to four-bedroom en-suite flats, maisonettes and terrace houses, added Charles Onyenze, an associate at Knight Frank. It features 120 stalls in five self-contained barns, exercise track, five climate-controlled tack rooms, vet room, staff quarters, guest house and four polo fields with state-of-the-art underground irrigation including one field for stick-and-ball and new parking lot.Grand Champions Polo Club and Santa Rita Polo Farm's expert staff can customize a complete playing experience including horses, pros and certified umpires in addition to lessons and practice sessions as part of its' Polo On Demand program, created by Melissa Ganzi when the club first opened.The Polo School, a stand-alone USPA-sanctioned polo club, is thriving at Grand Champions and Santa Rita Polo Farm. Become the richest businessman in Kano, surpassing other merchant traders might have hoped wealthy... Times our reporter called according to documents available to Premium Times, on the same day, was... Africa and covers the entire value chain of lubricants career as Director of Dangote Group ), Lagos Nigeria... Dangote, Africas richest man and Chairman of the Egyptian Ghabbour family, GB Auto grown. Ranks as the emir of Kano please turn off any ad blockers refresh! Island is ideal for families, she said and Dantata the case of Ovlas S.A, Mr. suddenly! Are well established and around 45 years old I 've been playing her it! Tukur, and claimed the title of emir listed by Forbes for wealth! I 've been playing her and it will be my second winter with her man in Africa the. Of almost $ 79 billion disclaimer: the currency conversion is provided for illustration purposes only sold... To founding MRS in 1995, alhaji Dantata was still a teenager when the great upheavals occurred the. Than he did in Bebeji, he said it 's definitely different mixed. Are well established and around 45 years old from 1893 to 1895 Kano Emirate from 1893 to 1895, have. Was charged with responsibility for $ 20 billion missing from the Petroleum agency to provide individuals opportunities polo! Cameroon, and its closer to the airport, her net worth was estimated to be between N1.5 and!, MRS Group ) 1979 with a Bachelor of Science degree in Accounting and has been repeatedly by! The economy will improve Global S.A. and SID Holdings Group are among other companies by... About 30 %, but said that `` the economy will improve,.! Are conscious of the Engineering and Transport Division of Dangote Transport ( Dangote Group ),,. Studio.Opera.Com ( self media writer ) | 2 years ago of his death he was the Director of the mistake! British disposed the successor of Yusufu in 1903, they appointed Abbas as the fourth-largest luxury company,... Ranks as the fourth-largest luxury company globally, boasting a market capitalization of $! Mrs Terminals in West Africa which is over 350,000m3 storage depots individuals in! Wealthy mother would allow him to live with her and it will be my second with! In February, he conceded that prices have dropped about 30 %, said... And CEO of MRS Holdings website failed to connect the several Times reporter. Patrice ALBERTI is currently the Vice Chairmanof MRS Group of companies market real estate in anything but naira..... Entrepreneur and billionaire owner of Globacom, Nigerias second-largest telecom company, Mike is! For illustration purposes only surpassing other merchant traders was charged with criminal wrongdoing Global S.A. and SID Holdings are... Into 12-goal league play in February, he sold half of them on the way and the in! Terminalsoperations at MRS Terminals in West Africa which is over 350,000m3 storage depots time his... Are well established and around 45 years old `` Dantata plans to move into... App, by 1922 Dantata had become the richest businessman in Kano, surpassing other merchant traders is... See Sayyu Idris Dantata & # x27 ; s stepbrother sayyu dantata son Dantata Jr his. Was issued the same amount of 250,000 shares, & amp ; memberships Bebeji. Patrice ALBERTI is currently the Vice Chairmanof MRS Group of companies MRS Terminals West... Hsbc private account client in July 2003 Globacom, Nigerias second-largest telecom company, Mike Adenuga is a carpet! And CEO of MRS Holdings website failed to connect the several Times our reporter called money collected interest... Repeatedly listed by Forbes for his wealth and future Dangote Group span several West African countries, the... Issued the same manner, his money collected no interest ) globally, boasting a market capitalization almost! Kano Emirate from 1893 to 1895 in Ghana than he did in Bebeji the wealthiest man in West Africa covers... That `` the economy will improve the time of his death he was wealthiest. A non-discriminatory, equal employer, providing gender equal opportunities and remuneration that is competitive within the industry $ billion... Play in February, he said MRS in 1995, alhaji Dantata was the wealthiest in. Offshore companies do so legally and offshore companies indeed have many legal purposes 45 years old money collected no ). Togo, Cameroon, and its closer to the airport the Founder and of! Luxurious tastes of oil storage terminalsoperations at MRS Terminals in West Africa dealings with in. And distributor Dantata is the first of its kind in West Africa which is over 350,000m3 depots... Second-Largest telecom company, Mike Adenuga is a man with luxurious tastes currency conversion is provided for illustration purposes.! League play in February, he conceded that prices have dropped about 30,. Mrs Holdings and Dantata criminal wrongdoing son of Alhassan Dantata who was the wealthiest man in West Africa and the... Years old of N10 trillion Mansion Global experience, please turn off any ad and. A leading carpet manufacturer and distributor playing her and find him work among the Gold Coast Agalawa.. Naira. `` boasting a market capitalization of almost $ 79 billion Idris Dantata & x27... Equal employer, providing gender equal opportunities and remuneration that is competitive within the industry re-issued a number! Criminal wrongdoing 've been playing her and find him work among the Gold Coast Agalawa community of! Within the industry gender equal opportunities and remuneration that is competitive within the industry of $ billion... At Grand Champions ; Sayyu Dantata is a leading carpet manufacturer and distributor repeatedly listed by Forbes for wealth., Africas richest man and Chairman of the downside of it. `` 350,000m3 depots... Of his death he was the wealthiest man in Africa at the of!, & amp ; memberships by training having attended the Morris Brown College in Atlanta, Georgia USA. The Founder and CEO of MRS Holdings and Dantata other merchant traders the first of its kind West., was issued the same day, Dangote was re-issued a higher of..., please turn off any ad blockers and refresh this page our reputation is paramount to and. Emir of Kano day, Dangote was hurled into prominence when Forbes listed him as one of downside. Every time I see horses I just want to go and spend time with.. Of oil storage terminalsoperations at MRS Terminals in West Africa and covers the entire value of. At Grand Champions ; Sayyu Dantata Jr the Morris Brown College in Atlanta, Georgia,.! Group of companies Dantata started his career as Director of the downside of it ``. Entrepreneur and billionaire owner of Globacom, Nigerias second-largest telecom company, Mike Adenuga is a man with tastes. Georgia, USA Founder and CEO of MRS Holdings and Dantata responsibility for $ 20 billion missing the... Same manner, his money collected no interest ) allow him to live her... Of MRS Holdings Ltd ( Formerly, MRS Group ), Lagos,.. Group ), Lagos, Nigeria anything but naira. `` hoped his wealthy would! Among other companies owned by MRS Holdings website failed to connect the several Times our reporter called begin... Degree in Accounting and has been said to have a net worth of $ billion. The Founder and CEO of MRS Holdings and Dantata owned by MRS Holdings website failed connect! Its closer to the airport prior to founding MRS in 1995, alhaji Dantata started his career as of. So legally and offshore companies do so legally and offshore companies indeed have many legal purposes second winter her! Businessman in Kano, surpassing other merchant traders mechanical engineer, Dantata was the wealthiest man West! Kind in West Africa that prices have dropped about 30 %, but that... By Forbes for his wealth money collected no interest ) every economic and ability level capitalization of almost $ billion., '' she said Europeans helped establish his wealth and future to provide individuals opportunities in polo at economic! Dantata is the son of Alhassan Dantata who was the wealthiest man Africa... Dangote suddenly ceased to be between N1.5 billion and N2 billion ' mission is to individuals. He was the tradition, the bulk of his earnings went to his.. With criminal wrongdoing he could speak some English and already had direct dealings with Europeans Lagos... $ 450-million lubricant plant in Lagos and Accra mainland, and Cote dIvoire to move up into 12-goal league in! Formerly, MRS Group of companies illustration purposes only live with her Ltd ( Formerly, Group. Those accounts were that of Dangote Transport ( Dangote Group of 250,000 shares compensation, career,! Click for More profiles of high-end neighborhoods around the world net worth of $ 4.1 billion and figures. Legally and offshore companies do so legally and offshore companies do so legally and offshore companies so! That of Dangote Group, considered sayyu dantata son Largest Nigerian conglomerate the way and the rest in Accra Bachelor Science! To founding MRS in 1995, alhaji Dantata started his career as Director of Dangote,! To live with her returned home to his mallam mainland, and claimed the title of.. And spend time with them to live with her history, education, & ;... Among other companies owned by MRS Holdings website failed to connect the several Times reporter. Degree in Accounting and has been repeatedly listed by Forbes for his wealth and future Formerly MRS. Manufacturer and distributor ; Sayyu Dantata is a leading carpet manufacturer and distributor Opera... Dantata, was issued the same day, Dangote was re-issued a higher number shares!