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. 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 . That means the businessmen simply resold the shares back to themselves. Dantata could not be reached. It is a similar story in Seychelles, an archipelago of 115 islands in the Indian Ocean off East Africa, where Afrex S.A and Bulldog Global Financial Services LLP act as client for Dangote and Dantatas companies. However shell companies are at times used for tax avoidance. 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. Ovia was forced to step down as chief executive last year following a Central Bank directive which limits the tenure of bank chiefs to 10 years. He has been tagged the most successful politician in Lagos State. Scholarships are available. Will Apollo Offer THG a Route Out of Its Troubles? Sayyu Dantata served as a Director at MRS Holdings Ltd (then MRS Group). 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. XE Currency Converter He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. Read on to find out all about this young billionaire and his newly launched Bestaf Lubricant Plant, which was recently declared open by President Muhammadu Buahri. She lived in the United States for many years before finally relocating to Nigeria. Grand Champions Polo Club13444 South Fields RoadWellington, FL 33414. 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. 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. Dantata is a cousin of Aliko Dangote, and is one of Nigerias most popular polo patrons. Dantata is the companys largest individual shareholder, controlling about 60% of the company. He also serves as a non-executive director of the companys board. 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. He holds aBachelors degree in Economics from the ParisAcademy and has been with the MRS Groupsince 2004. 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. Terms of Use, ANCIR is being incubated by Code for Africa. In what appears a plot to blur the trace to the Ovlas in Seychelles, the shareholders quickly filed for a change of name to Petrowest S.A. A document seen by Premium Times, reads Republic of Seychelles, INTERNATIONAL BUSINESS COMPANIES ACT, 1994Company No: 018606, This is to certify that OVLAS SA. He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. This literary means they resold the shares back to themselves. PPPRA She was elected to the Nigerian Senate representing Ogun Central Senatorial District of Ogun State. I chronicle Africa's success stories and track its richest people, he received Nigerian Central Bank approval to invest $4 billion outside the country. Dangote ceased to be shareholder permanently on July 6 2009, and Dantatas number of shares doubled to 500,000 shares while MRS Oil and Gas CO, LTD retained its 500,000 shares. 1 Like 1 Share Re: Owner Of The Mansion Chris Brown Stayed In Nigeriaby RickyRoss1(m): 11:27pmOn Dec 25, 2012 Sayyu Dantata ranks as one of the best Polo Players in Nigeria. "I just don't like to lose so I said lets go for Nigeria. Register for updates and alerts on ANCIR Investigations. Dangote has been repeatedly listed by Forbes for his wealth. Some others set up shell companies to raise funds before starting operations, to attempt a takeover or as a front for an illegal business. Binani sues INEC seeks judicial review of declaration, The chain of events that led to Oandos decision to delist. It remains unclear whether Dangote and his associates used their shell companies to buy any such service from Fonseca. Sayyu Dantata, a chip off the old block of the Dantata family has come to establish himself as a major player in the Oil and Gas sector. Diezani was charged with responsibility for $20 billion missing from the Petroleum agency. Hippy Chic, a Chestnut mare owned and played by Hope Arellano in the second chukker, was Best Playing Pony. This page is not available in other languages. p 209. I love her. Sayyu Dantata served as a Director at MRS Holdings Ltd (then MRS Group). "Then he gave her to me. 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. He is my favorite teammate. Omooo com see level ?. A few other other allies of Dangote and Dantata were also flagged as shareholders in the shell companies used for their Panama deals. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Also, he was a one time Director of Hydro Alternative Energy, Inc. Dantata is also a Non-Executive Director of Nigerian Telecommunications Limited since 2008. Like most startups, it took a while before his company got a grip of the oil market. Sayyu is Africa's Wealthiest Man Aliko Dangote's cousin. 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. Diezani was, however, not officially charged or tried for these allegations and has strongly denied any wrongdoing. The commodities titan reigns supreme in Nigerias capital markets. From Femi Otedola to Aliko Dangote, billionaire Mike Adenuga, and even Tony Elumelu. "During the winter season in Wellington, Grand Champions is hosting 19 tournaments, the most of any club in the U.S., including four in January. That happened on October 12, 2012. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. We only incorporate companies, which just about everyone acknowledges is important, and something thats critical in ensuring the global economy functions efficiently. 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. Because we do, we have not once in nearly 40 years of operation been charged with criminal wrongdoing. 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. Jane I. Guyer. 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The system involved about five autonomous level of associates, agents, and farmers. But shell companies are not illegal, and not all owners use them to avoid tax or hide assets. His passport to the nation's sweet crude is the MRS. March 25, 2022. He is a seasoned mechanical engineer by training. This started in 2009 and he has gone on to be named the richest man in Africa; year after year. Kola Abiola is one of Nigerias low-key millionaires. He has been a Non-Executive Director of Nigerian TelecommunicationsLimited since 2008. Alhaji Sayyu saw the potential for diesel marketing when he first experienced difficulties procuring fuel for his companys huge fleet. Sayyu Dantata is the billionaire cousin of Alhaji Aliko Dangote, Africas richest man and Chairman of the Dangote Group. Nigerian billionaire, Aliko Dangote owns the Dangote Group, which has interests in commodities. The horses make you love them. We thank you for upholding the principal ethics in journalism when in doubt, check. 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. Dantata serves as a Director of Hydro Alternative Energy, Inc. and has been a Non-Executive Director of Nigerian Telecommunications Limited since August 2008. Alhaji Sayyu Idris Dantata, Aliko Dangotes half-brother, is the Founder and Chief Executive Officer of MRS Holdings Limited (Formerly known as MRS Group). MRS Holding particularly popped up regularly as multiple shareholder company for other companies linked to Dangote and Dantata in Panama. Securely share information with Africa's finest journalists. 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Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. This is What You Can, You Will Learn How To Make Coconut Rice After Seeing These, See Why You Shouldnt Be Eating Bananas For Breakfast, Why You Should Consider Having Catfish Regularly In Your Meal, Interesting Facts About Toby Onwumere, The Nigerian Actor On Sense8, Nigerian Model Elizabeth Ayodele features in Love Magazines latest Video Campaign, Nigerian Student Develops Alternative Cure For Breast Cancer, Dr. Ozak Esu Among Telegraphs Top 50 Women in Engineering under, Nigerian Celebrity Biography: Bisola Aiyeola, 6 Mistake You Should Avoid Before You Say I Do, Want to Ask a Girl Out Over Text? Breakdown Of Sayyu Dantatas NSE Fortune, MRS Oil: his stake is worth N10.2 billion ($67 million), Source: Honeywell Flour Mills, First Bank. Two Nigerian startups chosen for Migrants Accelerator Program. For additional information on our products/services or our industry expertise, please visit the appropriate page on our site. has changed its name and is now incorporated under the name of PETROWEST S.A. on this 27 day of April 2011. Some even pointed out that this might be the season of helicopters, even as wealthy Nigerians continue to showcase their opulence. Sayyu Dantata acquired a majority stake in MRS Oil Plc in March 2009 through a shell company Corlay Global SA. "I love it. Sayyu Dantata is the Chairman and Chief Executive of MRS Oil (market cao: $112 million), a leading Nigerian oil marketing company. Sayyu Dantata, chairman MRS Oil chairman, has tendered his resignation as chairman of the company. Over the past few years, her net worth has been a subject of heated debate. 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. "I don't know what happened in that last chukker," Dantata said. The purpose (s) for which Dangote and his allies set up their own secret companies is not exactly clear. Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day. The billionaire recently launched Bestaf Lubricant Plant, a subsidiary of MRS Group. 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. 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