The African Network of African Reporting Centres (ANCIR) contributed reporting for this story. Palm Beach Open Cup champion Sayyu Dantata and his SD Farm polo team are set to fly the Nigerian flag as the countdown begins for the World Polo League's star-studded . His venture into the Oil and Gas industry in 1993resulted in the establishment of the MRS Group in1995. Opinions expressed by Forbes Contributors are their own. He supplied large British trading companies with raw materials and also had business interests in the Gold Coast. She lived in the United States for many years before finally relocating to Nigeria. Sayyu Dantata, chairman MRS Oil chairman, has tendered his resignation as chairman of the company. 'Alhaji Dantata A Man of Means'. The chopper is reportedly worth about N722 million. Caverton releases statement following VPs crash landing], SON partners Nigerian Army to actualise vehicle assembly initiative], Is Forte Oil Plc considering changing its name following acquisition? The lubricant plant comes with a capacity to produce as many as 1,700 different products in the petroleum chain. and was honoured by the Federal Government of Nigeria with the title of the Grand Commander of the Order of the Niger. Olivera led Mashomack with a team-high five goals. 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. 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. READ ALSO: Oando announces resignation of Non-Executive Directors amidst managerial crises, Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |. She was also accused of awarding multi-billion Naira contracts without recourse to due process. 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. ALHAJI SAYYU DANTATA is a mechanical engineer by training having attended the Morris Brown College in Atlanta, Georgia, USA. All Rights Reserved. Their company, MRS Oil and Gas, was re-issued 500,000 shares. 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. "Dantata plans to move up into 12-goal league play in February, he said. The 200-million-liter lubricant plant is the first of its kind in West Africa and covers the entire value chain of lubricants. In providing those services, we follow both the letter and spirit of the law. An engineer by profession, he started his career as the transport director with his uncles company and rose through the organization. It has been said that his half-brother, Aliko Dangote, was the one who paid his fees. MRS is a non-discriminatory, equal employer, providing gender equal opportunities and remuneration that is competitive within the industry. He started his career as the transport director with the Dangote group, one of Nigeria leading conglomerates and rose through the organization. A few other other allies of Dangote and Dantata were also flagged as shareholders in the shell companies used for their Panama deals. Alhaji Dantata started acting as the chairman and Director of the MRS Oil Nigeria Plc since March 2009 and also served as the Director of the Engineering and Transport Division of Dangote Group. Dangote Cement: his stake is worth NN 1.76 Trillion ($11.5 billion), Dangote sugar: stake is worth N87.95 billion ($574.8 million), Dangote Flour Mills: stake is worth N59.48 Billion ($389 million), National Salt Company: stake is worth NN7.57billion ($49.5 million). 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. "I don't know what happened in that last chukker," Dantata said. 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The business magnate also served as a Director at MRS Holdings Ltd and Transnational Corporation of Nigeria Plc. 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. //]]> Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Sayyu Dantata is the Chairman and Chief Executive of MRS Oil (market cao: $112 million), a leading Nigerian oil marketing company. Thank you for your interest in MRS Holdings Ltd. It was the first time he played against polo great Adolfo Cambiaso. Roman Loimeier. Sayyu Idris Dantata, Mrs Nigeria PLC: Profile and Biography - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg. ALHAJI SAYYU DANTATA is a mechanical engineerby training having attended the Morris BrownCollege in Atlanta, Georgia, USA. Dantata, who is Dangote's stepbrother, is the founder and chairman of MRS Holdings Company Limited. founder and chairman of MRS Holdings Company Limited, Egyptian businessman Hisham Talaat Moustafas group pledges $167 million toward community development, Nairobi-based entrepreneur Jit Bhattacharyas BasiGo to assemble 1,000 electric buses in Kenya, How Jay-Z made his money: Four deals that propelled his net worth to $2.5 billion, Transcorps market cap up by $55 million following Femi Otedolas acquisition, Aliko Dangote hits $20-billion net worth, joining elite ranks of worlds billionaires, James Mwangis Equity Group invests $76.7 million in Congo unit, Segun Agbaje-led GTCO records $367.4-million profit in 2022. The bank helped questionable characters conceal their wealth despite knowing their sources, and devised ways to hide the identities of the owners of the secret accounts from governments around the world. 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. This started in 2009 and he has gone on to be named the richest man in Africa; year after year. 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. It is dedicated to teaching polo to all ages, particularly grass roots youth. Prior to founding MRS in 1995, Alhaji Dantata was the Director of Dangote Transport (Dangote Group), Lagos, Nigeria. Sayyu Dantata was born and raised in the city of Kano state but he spent most of his life in the biggest city of Africa which is Lagos he was born on the 10 August 1960 right now he is over 60 years old. 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. Omokolade Ajayi is a financial reporter at Billionaires.Africa. Dantata made the 5th position on the list of the richest men in Northern Nigeria. Alhaji Alhassan Dantata was a Nigerian businessman who was the wealthiest man in West Africa at the time of his death. "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. 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Of this, the facility is expected to deliver about 200 million litres of lubricant per year. Seychelles is a well-known tax haven used by businessmen and politicians and celebrities to perpetrate shady business deals. harunawaleed (@harunawalid) June 25, 2019, [READ ALSO: Is Forte Oil Plc considering changing its name following acquisition?]. 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. From the look of things Lagos road hold up will now switch to airspace hold up. The brand has more than 400 retail service stations across the country, and operations span several West African countries, including the Benin Republic, Togo, Cameroon, and Cote dIvoire. Some members of this system engage in buying goods from restricted rural areas and transporting it to the city where another group of agents in the Urban area buys the goods and store them instead of Dantata. She's turned into one of my best horses. XE Currency Converter The company's market capitalization has surged by $42 million since the news of the acquisition broke on April 12. Thereafter, he moved on to start his own business and now serves as the Chief Executive Officer of the MRS Group. Sayyu Dantata ranks as one of the best Polo Players in Nigeria. 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. Sayyus personal interest is listed as Polo Games and uplifting the people. He had his education at the Morris Brown College in Atlanta-Georgia, United States of America. 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 . Dantata is a cousin of Aliko Dangote, and is one of Nigerias most popular polo patrons. Earlier this month, he received Nigerian Central Bank approval to invest $4 billion outside the country. The Nation. He then started buying diesel from AP, Unipetrol, and the Kaduna Refinery. 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. The company has an annual turnover of ten billion naira (N10 billion) with ships, and totals about 50,000 tons of diesel monthly. Content created and supplied by: studio.opera.com (via Opera Scholarships are available. 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. That was also dated April 12 2006. "Then he gave her to me. "I just don't like to lose so I said lets go for Nigeria. Sanusi Dantata (c. 1919 - 15 April 1997) was a Nigerian entrepreneur and son of Alhassan Dantata. [CDATA[ After three years of holding the shares, they all ceased to be shareholders. Corlay Global S.A. and SID Holdings Group are among other companies owned by MRS Holdings and Dantata. Zenith Bank: stake is worth N33. I've been playing her and it will be my second winter with her. Monitor your investments 24 hours a day, around the clock from around the globe. Tundun leads a largely quiet lifestyle with the exception of rare appearances at social events. 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. Shell companies, experts say, are entities that have no active businesses and usually exist only in names as vehicles for another companys business operations. They have had to buy diesel from foreign firms who were then receiving allocations despite having no offices of their own in the country. The Group has four quoted companies on the Nigerian Stock Exchange and we cannot afford to tarnish our reputation or conduct our business in an unethical manner given this profile. He was in the real estate and groundnut business when his father died in 1955. Were proud of the work we do, notwithstanding recent and willful attempts by some to mischaracterize it.. The MRS Group had just three staffers at its inception, but today boasts of about two thousand (200) employees on its payroll. Its' mission is to provide individuals opportunities in polo at every economic and ability level. Breakdown Of Sayyu Dantata's NSE Fortune. Her home is currently valued at N800 million. I love her. 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