WhatsApp. The highlight of the schedule is the second season of the 26-goal World Polo League, featuring at least 11 teams and most of the best players in the sport.With 18 safe and well-manicured fields, including 11-tournament grade, the club will host every level of polo for men, women and children including the WPL, the only 26-goal polo held outside of Argentina featuring the best players in the world.The club attracts a large international field of players from all corners of the world including Australia, Chile, India, Mexico, New Zealand, Costa Rica, Argentina, Canada, Ecuador, Brazil, Switzerland, France, Germany, Uruguay, Venezuela, Azerbaijan, South Africa, Nigeria and England.Grand Champions is coming off its finest fall season in the club's 13-year history. 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. 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. Dantata built his first house in the then empty Sarari area (an extension of Koki) in Kano. In a separate document, it was shown that while Petrowest swallowed Ovlas S.A in Seychelles in 2011, courtesy of the name change, Petrowest S.A Panama only bought 100 units of shares at $100 each from Ovlas to become shareholder in the company. Alike Dangote's stepbrother Sayyu Dantata launches $450-million lubricant plant in Lagos. Owners create Shell companies for a host of dodgy business reasons. Now you might be familiar with the Dantata family name, but the question is: do you know who Sayyu Dantata is? 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. 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. Despite this challenge, the management team is focused on enhancing the companys global market position. The island is ideal for families, she said, adding that the residents are well established and around 45 years old. The lubricant plant has the capacity to produce 1,700 different products and will play a key role in Nigerias economy by boosting youth employment, generating revenue, and reducing the countrys import dependence. Because shell companies are at times associated with fraud, their activities are of big concerns to international bodies such as the Organisation for Economic Co-operation and Development (OECD). He had several advantages over other Kano business men: language, wealth and age. [4] Because of the Agalawa support of Tukur, Dantata and the other Agalawa had their property confiscated and many were captured. For instance in 2010, the management of Bank PHB, a Nigerian bank, dragged M.R.S Holdings Limited, owned by Dantata, to court over the non- payment of US$58 million loan the bank granted it to purchase Chevron Texaco in 2008. 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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. That was also dated April 12 2006. But the habits of people change. A few other other allies of Dangote and Dantata were also flagged as shareholders in the shell companies used for their Panama deals. The source of his wealth has been easily traced to his business dealing in the telecom and oil sector. Despite several documents linking Dangote to those offshore companies, the businessmans spokesperson insisted he never had any relationship with the offshore entities. Our reputation is paramount to us and we are conscious of the downside of it. 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. The Worlds Best Cross-BorderInvestigative Team, ANCIR is not responsible for the content of external sites | Nigerian Gas Association. Basically, the [] In addition to the impact of rising raw material costs on earnings, the groups profit was also affected by a surge in selling and distribution expenses, as well as administrative expenses during the reviewed period. 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 . 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. 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. "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. However, this did not happen. The Polo School operates in Wellington January through May and September through November. Prior to joining MRS Group, he held anumber of positions over a period of 20 years invarious banks in Europe, including BNP Paribasand Banque Arabe International,DInvestissment, Banco Central SA, to mention afew. Dantata did not manage from behind a desk but involved himself with his workers. Sayyu Dantata is the billionaire cousin of Alhaji Aliko Dangote, Africas richest man and Chairman of the Dangote Group. Mr. Sayyu I. Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). 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. An engineer by profession, he started his career as the transport director with his uncles company and rose through the organization. After the usual reading of the Qur'an, he had to go and beg for food for his mallam and himself. 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. 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. "Victoria Island is like Manhattan," Ms. Nouboue said. He might have hoped his wealthy mother would allow him to live with her and find him work among the Gold Coast Agalawa community. Although Banana Island School, which enrolls boys and girls who are 1 to 5 years old, and Olive Dale Preparatory School, which is a nursery-through-primary school, are the only ones on the island, there are a variety of top-notch schools in Ikoyi. Exclusive shops include the handbag purveyor Zashadu, the high-fashion clothier named for the Nigerian designer Ejiro Amos Tafiri, and the functional/fashionable clothing designs of Grey. "I love it. ", He said Banana Islands exclusivity always will remain attractive to "the highest echelon of the society.". "Dantata plans to move up into 12-goal league play in February, he said. Prior to foundingMRS in 1995, Alhaji Dantata was the Director ofDangote Transport (Dangote Group), Lagos,Nigeria. "Most of them are owned by individuals and rented out to tenants who pay NGN25 million to NGN30 million annually. Her blog currently enjoys a daily visit of between 100,000 to 250,000 visits from over 180 countries. As an industry leader under the control of the Egyptian Ghabbour family, GB Auto has grown significantly over the years. 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. He graduated in 1979 with a Bachelor of Science degree in Accounting and has been said to have a net worth of N10 trillion. Dantata is the founder and chairman of MRS Holdings Company Limited. From Femi Otedola to Aliko Dangote, billionaire Mike Adenuga, and even Tony Elumelu. He asked them not to allow the company to collapse. I just went in wanting to do my best and play hard. Beauty and seclusion set Banana Island apart. 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. His venture into the Oil and Gas industry in 1993resulted in the establishment of the MRS Group in1995. After graduating from, This page was last edited on 25 January 2023, at 19:11. ALHAJI SAYYU DANTATA is a mechanical engineer by training having attended the Morris Brown College in Atlanta, Georgia, USA. Others like Sayyu Dantata however are the new kids on the block. This literary means they resold the shares back to themselves. He supplied large British trading companies with raw materials and also had business interests in the Gold Coast. 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. 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 . As in the rest of the country, real estate prices on Banana Island are based on the value of the land, which according to Roberta Nouboue, managing director of Madingwa Real Estate, is NGN400,000 (US$1,101 per square meter). 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. 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. 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. Alhassan Dantata (1877 - 17 August 1955) pronunciation was a Northern Nigerian trader in kola nuts and ground nuts, and he was a distributor of European goods. 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. More:Marshan Offers the Very Best of Tangiers Enduring Allure. All property prices are as stated by the listing agent. 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. Sayyu Dantata, billionaire cousin of Africa's Richest person Aliko Dangote, has launched a $450 million lubricant plant in Lagos through Bestaf Lubricant Limited. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. At the time of his death he was the wealthiest man in West Africa. By. "Most of the schools stop at the primary level because people tend to send their children to boarding schools in the U.K. and the U.S.," Ms. Nouboue said. Linkedin. 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He worked for money on Thursdays and Fridays. In a similar development in September 2014, Sani Dangote, younger brother to Dangote, was dragged before a Federal High Court in Lagos over his alleged failure to liquidate about N5 billion loan granted him by Union Bank. "I just don't like to lose so I said lets go for Nigeria. Dantata, who is Dangotes stepbrother, is the founder and chairman of MRS Holdings Company Limited. Because we do, we have not once in nearly 40 years of operation been charged with criminal wrongdoing. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). They are frequently used to shield the identities of owners and/or to hide money. Relationship with the Dantata family name, but the question is: do you know who Sayyu Dantata the! Source of his death he was the wealthiest man in West Africa. `` billionaire Adenuga... 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