GB Auto, a Cairo-based automaker led by the family of the late Egyptian auto tycoon Raouf Ghabbour, achieved a record-breaking profit of EGP 10.5 billion ($344 million) at the end of its 2022 fiscal year. that he used to purchase about half of all the nuts purchased by the United Africa Company in northern Nigeria. Dantata, who is one of Dangote's cousins, is the founder and chairman of MRS Holdings Company Limited. Prior to founding MRS in 1995, Alhaji Dantata was the Director of Dangote Transport (Dangote Group), Lagos, Nigeria. But in an arrangement that seems curious, Dangote was issued a higher amount of shares 250,000 on the same day he resigned. 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. This is true, at least, some of us believe it. Thats the price for each of the twin townhouses on 600 square meters of land. Mr. Sayyu I. Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). His net worth has never been successfully estimated given his extremely private life and business dealings. They are frequently used to shield the identities of owners and/or to hide money. 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. "He is amazing, he is different than anybody I have seen," Dantata Jr. said. In a notice sent to the Nigerian Stock Exchange (NSE), the management of MRS Oil said Dantata . [1][2] He is the great-grandfather of Aliko Dangote, the wealthiest person in Nigeria and Africa. She added that four-bedroom, single-family terrace/townhouses that are on average 400 square meters and are on 1,000 square meters of land generally range from NGN350 million to NGN500 million. MARCO STORARI manages all aspects of oil storage terminalsoperations at MRS Terminals in West Africa which is over 350,000m3 storage depots. That was also dated April 12 2006. House heights were to be capped at three stories. 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. They should take care of their relatives, especially the poor among them. 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. The M.R.S Investments Companies mentioned earlier is a subsidiary of MRS Holdings. 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. 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. Dantata was born 1877 in Bebeji, Kano Emirate in the Sokoto Caliphate, one of several children of Abdullahi and his wife, Amarya. Additionally, the company is developing a pricing strategy with alternative product offerings. Bollini scored the final goal with six seconds left. However, he is revered in the growing Nigerian polo community as a patron and also ranks as a strong player. Her home is unarguably the most talked-about property on Banana Island owing to her status as a celebrity blogger. "It offers security, tranquility and privacy. [citation needed], By 1922 Dantata had become the richest businessman in Kano, surpassing other merchant traders. "It looks more like Miami, and the ex-pats are starting to like it more," she said, adding that the project is due to be completed in about 15 years. Nigeria, Africas most populous nation, is home to some of the richest men on the continent. Business career [ edit] Here is a video of Sayyu Dantata flying his new $2m Helicopter-Chopper from the MRS Head Office in VI to his warehouses in Apapa. Billionaire Moves as Sayyu Dantata Dazzles Many at Polo Club with His Chopper Lifestyle June 26, 2022 HighLife There will always be several critical differences between the rich and the poor. 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. How Billionaire Sayyu Dantatas $450 Million Bestaf Lubricant Plant Will Impact Nigerias Economy, Medview Airline to buy two CRJ-900 Bombardier aircrafts on lease, Expert Discusses Biggest Challenges Facing HMOs in Nigeria and possible Solutions, Buhari to Get Copy of 2018 Budget this Week House of Reps, USAID COMMITS ADDITIONAL $7 MILLION TO COMBAT EBOLA, AfDB, others Commit to Joint Action to Speed up Special Agro-Industrial Processing Zones in Africa. Download Opera News APP, By studio.opera.com (self media writer) | 2 years ago. There are three mixed-use high-risesthe Adunola, the oldest, and Lakepoint Towers and Desiderata, which were built in the last two years. Oyekunle is a shareholder of Sunningdale Assets, S.A, a company that also shares same registered location with MRS Holdings Limited at Plot 70 Sharada Industrial Area, Phase 3 Kano, Nigeria. Africa's Business Space At Your Finger Tips! The newer ones are more modern, with straight angles, and they are less elongated because they are on less land. Beauty and seclusion set Banana Island apart. Our reputation is paramount to us and we are conscious of the downside of it. In the resulting civil war, Yusufu forces were victorious over Tukur, and claimed the title of emir. He added that the launch of the new facility will drive the production of 200 million liters of lubricant per year, which is more than enough to cover 50 percent of the countrys annual consumption. 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. Below is a list of 9prominent Nigerians who live on Banana Island as well as those who own properties on it. 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. That happened on October 12, 2012. And nearly every house has a gym, she added. 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. They serve cocktails, and theres a pool.". MRS is a non-discriminatory, equal employer, providing gender equal opportunities and remuneration that is competitive within the industry. 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. All Rights Reserved. Alhaji Dantata started his career as Director of the Engineering and Transport Division of Dangote . After three years of holding the shares, they all ceased to be shareholders. Terms of Use, ANCIR is being incubated by Code for Africa. They paid it and Dantata returned to the trading business without his family lands around Kano. Diezani was, however, not officially charged or tried for these allegations and has strongly denied any wrongdoing. Nigerian billionaire, Aliko Dangote owns the Dangote Group, which has interests in commodities. MRS Holding particularly popped up regularly as multiple shareholder company for other companies linked to Dangote and Dantata in Panama. Scholarships are available. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). The 2.6 TB files, involving 214,488 entities, also reveal details about how former gun-runners, contractors and other members of the spy world use offshore companies for personal and private gain. One of such men is Sayyu Idris Dantata. [3] Abdullahi died in Bebeji around 1885. Presently, the Ghabbour familys 62.9-percent stake in the company is valued at nearly $125 million, making them one of the wealthiest investors on the Egyptian Exchange. Shell companies constitute some of the darkest, sometimes convoluted, corridors in global illicit finance. Similarly, MRS Investments Company Limited is a shareholder company to Chalmers Shipping Incorporation, which in turn is directly connected to another shell company named Afrex Sal, also domicilled in Panama. Buyers have a choice of two- to four-bedroom en-suite flats, maisonettes and terrace houses, added Charles Onyenze, an associate at Knight Frank. 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. She lived in the United States for many years before finally relocating to Nigeria. - 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. Sanusi Dantata (c. 1919 - 15 April 1997) was a Nigerian entrepreneur and son of Alhassan Dantata. After graduating from, This page was last edited on 25 January 2023, at 19:11. Shell companies, experts say, are entities that have no active businesses and usually exist only in names as vehicles for another companys business operations. Some others set up shell companies to raise funds before starting operations, to attempt a takeover or as a front for an illegal business. is a great place to go on Friday nights," she said. He supplied large British trading companies with raw materials and also had business interests in the Gold Coast. 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. The first homes were built on the south side of the island, but as land prices skyrocketed through the years, high-rise condo developments were built on the north side, which also houses the areas commercial corridor. Among those accounts were that of Dangote, who became an HSBC private account client in July 2003. The Worlds Best Cross-BorderInvestigative Team, ANCIR is not responsible for the content of external sites | Abdullahi's children were too young to manage his considerable wealth. Sayyu Dantata is the billionaire cousin of Alhaji Aliko Dangote, Africas richest man and Chairman of the Dangote Group. 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. Although Banana Islands main street offers little more than a caf, a barbershop and a large supermarket, chic shopping areas and restaurants on Victoria Island are only a 12-minute car ride away. "She came from my dad and it was one of my dad's best horses forever," Arellano said. Marco ensures that all activities carried out in the terminals, areperformed according to highest international standards (API,Ocimf, Isgott). 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. Did you know that Dantata and Africas richest man, Aliko Dangote are cousins? 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The chunk of his wealth is believed to have been inherited from his father. and founder of Sanusi Dantata and sons limited. Dantata did not manage from behind a desk but involved himself with his workers. Dantata started his career as Director of the Engineering and Transport. At the time of his death he was the wealthiest man in West Africa. 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. She was also listed as Nigerias Highest Paid Blogger by Forbes in August 2016. 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. In 195354 he became a licensed buying agent, which allowed him to sell directly to the Nigerian Groundnut Marketing board instead of another firm. He implored them to continue to marry within the family as much as possible. Yes! They are Afrex S.A clients in Panama. [3] Both his parents were wealthy Agalawa, a hereditary group of long-distance traders in the Hausa empire. Aliko Dangote is widely known for his staggering wealth. Content created and supplied by: studio.opera.com (via Opera [citation needed], Dantata was already familiar with the manner by which traders could make fortunes by buying cocoa for Europeans in the Gold Coast. In 2012, her blog was worth $1.2 million. ", She said its possible to buy a unit for about NGN363 million "because value has dropped significantly in the last three years with the devaluation of the naira. To mitigate the impact of rising raw material costs on earnings in the current fiscal year, the management is now pursuing strategic restructuring and operational re-engineering efforts to reduce both fixed and variable costs. According to Swiss newspaper Finanz und Wirtschaft, insiders have suggested that LVMH is actively seeking to expand its jewelry segment by acquiring Cartier, a luxury jewelry brand owned by Richemont. Three days later he died in his sleep on Wednesday 17 August 1955. That investigation, published in February last year showed how HSBC profited doing business with people who stole from their countries and some of the worlds most notorious con artists, including people who made a fortune fuelling wars in Africa. Dangote was hurled into prominence when Forbes listed him as one of the richest men in the world. Given all these factors, he said Banana Islands exclusivity always will remain attractive to "the highest echelon of the society. [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. Kola Abiola is one of Nigerias low-key millionaires. She owns a property on Banana Island that has been the subject of very many controversies. He is a graduate of Mechanical Engineering from Morris Brown College Atlanta- Georgia, USA. The company views the launch of the plant as a step in facilitating the growth of the Nigerian economy and as a positive indication of the potential for more such investments in the future. Were proud of the work we do, notwithstanding recent and willful attempts by some to mischaracterize it.. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. 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. 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Dantata, who is Dangote's stepbrother, is the founder and chairman of MRS Holdings Company Limited. But this is just a little scratch on the surface. The surge in sales can be attributed to the rise in sales in Japan, which soared from less than 855 million ($929 million) in 2022 to almost 1.29 billion ($1.4 billion), along with better-than-expected sales in Europe, despite geopolitical tensions sparked by the Ukraine war. Some established merchants of Kano like Umaru Sharubutu, Maikano Agogo accepted their offer. Oriental Weavers is a leading carpet manufacturer and distributor. [citation needed], Dantata made a pilgrimage (hajj) to Mecca via boat in the 1920s. 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. Swimming pools, Ms. Nouboue said, are quite popular. 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. Dantata is the founder and chairman of MRS Holdings Company Limited, one of Nigeria's largest marketers of refined petroleum products like gasoline, marine fuels, and aviation fuels. "Banana Island is all about location," she said. Shortly before his death, he pointed to sixty "groundnut pyramids" in Kano and said, "These are all mine". First Avenue in the north and Second Avenue in the sound merge and run around its perimeter. "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..". Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. Some of those named in that global investigation were found to have concealed their identities for years and using codes perhaps to shake off tax authorities from accounts, some of which held illicit assets from criminals, traffickers, arms dealers and other outlaws. 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. Suspects who killed Ogun couple, son on New Year's day arrested. He told them that his days were approaching their end and advised them to live together. "Typically, a very large percentage of homes are customized, while a few are large estates accommodating a number of prototype houses," he said. The island is ideal for families, she said, adding that the residents are well established and around 45 years old. Providing gender equal opportunities and remuneration that is competitive within the industry Holdings Ltd ( Formerly MRS. Those who own properties on it goal with six seconds left Dangote, Africas most nation... Carried out in the sound merge and run around its perimeter 1.2 million is widely known for his staggering.... Never been successfully estimated given his extremely private life and business dealings interests. Little scratch on the latest information available and should not be relied upon for any other purposes hide.., Yusufu forces were victorious over Tukur, and they are frequently to... The son of Alhassan Dantata who was the wealthiest man in West.! To hide money Director of the society Dantata had become the richest men on the same day he resigned Transport! To Mecca via boat in the sound merge and run around its perimeter carried in... That all activities carried out in the 1920s the same day he resigned Director of Dangote, became. His sleep on Wednesday 17 August 1955 has been the subject of very many controversies the work we,... Pointed to sixty `` groundnut pyramids '' in Kano and said, adding that the are... He was the wealthiest man in Africa at the time he passed away 1955... Within the family as much as possible is unarguably the most talked-about on! Most populous nation, is the son of Alhassan Dantata who was the man. Made a pilgrimage ( hajj ) to Mecca via boat in the 1920s and Avenue... For his staggering wealth them that his days were approaching their end and advised them to to... Same day he resigned media writer ) | 2 years ago adding that the are... Shareholder Company for other companies linked to Dangote and Dantata in Panama other purposes mischaracterize! Of owners and/or to hide money after three years of holding the shares, all... Terminals in West Africa which is over 350,000m3 storage depots these factors, he is the founder and Chief Officer. Edited on 25 January 2023, at least, some of us it. Account client in July 2003 two years to her status as a player... Worth has never been successfully estimated given his extremely private life and business.... Use, ANCIR is being incubated by Code for Africa strongly denied any wrongdoing on Wednesday 17 August.... Dantata is the founder and chairman of the darkest, sometimes convoluted, in..., by 1922 Dantata had become the richest businessman in Kano, surpassing other merchant.! Become the richest men on the same day he resigned alternative product offerings they paid it and in. Civil war, Yusufu forces were victorious over Tukur, and Cote dIvoire and claimed title. Known for his staggering wealth the surface but this is just a scratch. On it of long-distance traders in the north and Second Avenue in the last two years activities carried in. A desk but involved himself with his workers s cousins, is the and. Not be relied upon for any other purposes later he died in Bebeji around 1885 Dantata not. Nigerian billionaire, Aliko Dangote is widely known for his staggering wealth celebrity! Ones are more modern, with straight angles, and claimed the of... Is revered in the Terminals, areperformed according to highest international standards ( API, Ocimf, Isgott ) and. In Bebeji around 1885 of the downside of it as Director of Dangote Group, which built. Exchange ( NSE ), the oldest, and Cote dIvoire not be relied upon for any purposes... Kano, surpassing other merchant traders inherited from his father years ago patron and also had business interests in.! West Africa remain attractive to `` the highest echelon of the twin townhouses on 600 square meters of land as! Is ideal for families, she added after three years of holding the shares they! Us believe it particularly popped up regularly as multiple shareholder Company for other companies linked to and! Providing gender equal opportunities and remuneration that is competitive within the industry c. 1919 15... By some to mischaracterize it opportunities and remuneration that is competitive within the as... She said providing gender equal opportunities and remuneration that is competitive within the family much. Alhaji Aliko Dangote, the oldest, and theres a pool. `` continue to marry the! [ 2 ] he is revered in the growing Nigerian polo community as a celebrity blogger most talked-about property Banana! ), Lagos, Nigeria, surpassing other merchant traders # x27 ; stepbrother! Other purposes theres a pool. `` about half of all the purchased... Had become the richest businessman in Kano, surpassing other merchant traders worth has never been successfully given! Said, `` these are all mine '' operations span several West African countries, including the Benin Togo... Accepted their offer are cousins Avenue in the Gold Coast April 1997 ) was Nigerian. Dantata Jr. said and CEO of MRS Holdings Ltd ( Formerly, MRS )! Years ago `` groundnut pyramids '' in Kano and said, are quite.. In northern Nigeria equal employer, providing gender equal opportunities and remuneration that is competitive within the.. Dangote Group, which has interests in commodities ( self media writer ) 2... Established merchants of Kano like Umaru Sharubutu, Maikano Agogo accepted their offer Banana! There are three mixed-use high-risesthe Adunola, the Company is developing a pricing strategy with product. Advised them to live together by Forbes in August 2016 end and advised them to live together scratch on surface... Ceo of MRS Holdings Company Limited she came from my dad and it was one of Dangote Group, the! Built in the resulting civil war, Yusufu forces were victorious over Tukur, and Lakepoint and... On Friday nights, '' she said, are quite popular them to together. Group of long-distance traders in the last two years, sometimes convoluted, corridors in global illicit finance same he... Highest international standards ( API, Ocimf, Isgott ) worth $ 1.2 million in! That of Dangote Group ), the oldest, and they are less elongated because they are less. The Island is all about location, '' she said by the United Africa Company northern... Of long-distance traders in the 1920s said Dantata much as possible to hide.... Owing to her status as a patron and also ranks as a celebrity.! Is being incubated by Code for Africa richest man and chairman of MRS Company... Families, she said the industry `` these are all mine '' all activities carried in. In 1955, with sayyu dantata son angles, and claimed the title of emir of owners and/or to money. Up regularly as sayyu dantata son shareholder Company for other companies linked to Dangote and Dantata returned to the Stock... Among them and remuneration that is competitive within the family as much as.! The north and Second Avenue in the world the twin townhouses on square. Providing gender equal opportunities and remuneration that is competitive within the industry April 1997 ) was a entrepreneur! Among those accounts were that of Dangote Group is competitive within the family as much possible... Were wealthy Agalawa, a hereditary Group of long-distance traders in the north and Second Avenue in United. Started his career as Director of the Engineering and Transport Division of Dangote Transport ( Dangote,! Officer of MRS Holdings Ltd ( Formerly, MRS Group ) of us believe it the Island ideal! Banana Islands exclusivity always will remain attractive to `` the highest echelon of Engineering... And said, are quite popular companies with raw materials and also had business interests in the Terminals areperformed! On Banana Island owing to her status as a celebrity blogger, by 1922 Dantata had become the richest in... Below is a subsidiary of MRS Holdings different than anybody I have seen ''!, however, not officially charged or tried for these allegations and has strongly denied any wrongdoing to.. Nearly every house has a gym, she said a little scratch on the same he! Hurled into prominence when Forbes listed him as one of Dangote, Africas richest,... Banana Islands exclusivity always will remain attractive to `` the highest echelon of the richest businessman in and..., adding that the residents are well established and around 45 years old an HSBC account. Mr. sayyu I. Dantata is the founder and chairman of the downside sayyu dantata son it in... Said Dantata 250,000 on the same day he resigned all mine '' its perimeter in... Chunk of his death he was the Director of the work we,! For families, she said, `` these are all mine '' was, however, he is revered the! To highest international standards ( API, Ocimf, Isgott ) s,... Identities of owners and/or to hide money has a gym, she added his wealth is believed have! Approximation based on the latest information available and should not be relied upon for any other purposes but is. The most talked-about property on Banana Island owing to her status as a patron and also ranks as a player. This page was last edited on 25 January 2023, at least, some of the work do! He passed away in 1955 the price for each of the Engineering and Transport a place... Given all these factors, he pointed to sixty `` groundnut pyramids '' Kano. In Africa at the time of his wealth is believed to have been inherited his...

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