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. Dantata serves as a Director of Hydro Alternative Energy, Inc. and has been a Non-Executive Director of Nigerian Telecommunications Limited since August 2008. Sayyu Dantata is the Chairman and Chief Executive of MRS Oil (market cao: $112 million), a leading Nigerian oil marketing company. Every time I see horses I just want to go and spend time with them. He started his career as the transport director with the . However shell companies are at times used for tax avoidance. But dont feel sorry for him: Ovia still remains the banks largest individual shareholder, controlling nearly 10%. He is my favorite teammate. Unknown to many, there are other several relatively unknown billionaires who make power moves behind the curtain and are controlling enormous wealth through several businesses. At that time, the Nigerian government was the sole importer of diesel and there were shortages of the product largely. He now runs Visafone, a Nigerian telecom outfit he founded in 2006. "Then he gave her to me. After snooping around and asking questions, I found that the mansion located on Banana Island Ikoyi belongs to oil magnate Sayyu Dantata. He began his career as Director of the Engineering and Transport Division of Dangote Group, considered the Largest Nigerian conglomerate. Privacy Policy | XE Currency Converter 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 . 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? Managing Director of Bestaf Trading Company Andreas Wielsch stated that, with the lubricant plant, the company will be able to produce about 50 percent of Nigerias annual lubricant consumption of about 364 million liters. He is a graduate of Mechanical Engineering from Morris Brown College Atlanta- Georgia, USA. Sayyu Dantata acquired a majority stake in MRS Oil Plc in March 2009 through a shell company Corlay Global SA. Some people own shell companies so that when they acquire assets like private jets and real estates, governments do not find out to demand tax. Were proud of the work we do, notwithstanding recent and willful attempts by some to mischaracterize it.. Her home is currently valued at N800 million. Nigerian billionaire and CEO MRS Holdings Ltd, Sayyu Dantata, was recently spotted flying his chopper from Victoria Island in Lagos to Apapa. 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. He was a director of the Nigeria branch of Shell B.P. 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 . Opinions expressed by Forbes Contributors are their own. Follow me on Twitter@ EmperorDIV. Owners create Shell companies for a host of dodgy business reasons. The contact numbers listed on MRS Holdings website failed to connect the several times our reporter called. She was elected to the Nigerian Senate representing Ogun Central Senatorial District of Ogun State. She was also accused of awarding multi-billion Naira contracts without recourse to due process. Dantata owns MRS Petroleum. Nigerian is a Nigerian politician and the first female President of OPEC. Jane I. Guyer. 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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. Dangote was hurled into prominence when Forbes listed him as one of the richest men in the world. Alhaji. 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 Mr Eazi Love You Tire, How to Make Nigerian Jollof Rice Easy Recipe, Hot New Video From Yemi Alade Want You (Video), Venus Williams Marks Her 20th Anniversary With Victory in French Open, Nigerias Super Falcons Are African Champions For The 8th Time, Rinsola Babajide Scored 14 Goals as Her Team Won 40-0, First Nigerian Individual Gold Medallist Speaks On Why Nigeria Does Not, 16 Creative Paper Art Decors Made By Deesoy Designs, These Black And White Photos Will Make You Fall In Love, Youll Never Believe The Moves of This Street Performer, Nigerias Habiba Daggash Awarded Prize For Best Performance In Chemical Engineering, Shafaatu Yahaya Yusuf Becomes The First Girl in Her Community to, Nigerian Woman Graduates With A First Class In Engineering From University, Commissioned in 1946, Ikoyi Nursery School Turns 70, This Life Hack Will Teach You How To Get Good Sleep, 15 Struggles Every Mixed Race Nigerian Knows To Be True, Many Times Hon Patrick Obahiagbon Confused Nigerians With His Grammar, Top 8 Most Funny Quotes By Nigerian Politicians, African Safari Animals Drunk Off Their Asses, 20 Most Beautiful Tourist Attractions In Nigeria, 7 Things To Know About Public Transport System In Lagos, 5 Reasons Why You Should Use Public Transportation To Work, 20 Pictures of Beautiful Places in Nigeria Youve Never Seen Before, 6 Things Experienced As a Kid Raised In Nigeria, See What Jealous Lioness Did to a Lion For Cheating, Male Seahorse Giving Birth Will Blow Your Mind, 30 Beautiful Ankara Style Inspiration For Women 2018, Classy Ankara Swimsuit Styles For Spring And Summer. He had his education at the Morris Brown College in Atlanta-Georgia, United States of America. Biggest asset: $12.1 billion (market cap) Dangote Cement. and founder of Sanusi Dantata and sons limited. Nigeria, Africas most populous nation, is home to some of the richest men on the continent. Alhaji Sayyu Idris Dantata - Chairman Alhaji Dantata is a mechanical Engineer. MRS Oil: his stake is worth N10.2 billion ($67 million) Oba Otudeko She is the daughter of late Chief M.K.O Abiola. 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. Also, the Dantata family through marriage and credit extension is linked with a few independent trading families in Kano and Northern Nigeria. The investigation unveiled the cloak of secrecy provided by Mossack Fonseca, a Panamanian law firm that specializes in creating offshore companies, some of which have been used by con men and women to hide Ponzi schemes, predatory lending scams, and other financial frauds from their victims and from the authorities. Dangote and Dantata bought equal shares of 12,500 each from Petrowest S.A. MRS Oil and Gas Co. Ltd also bought 25,000 numbers of shares from Petrowest, just as was done with OVLAS S.A. Again, three years after they existed as shareholders, the trio Dangote, Dantata and M.R.S Oil and Gas Company Limited ceased to be shareholders in the company. 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. Dantata is the founder and Chairman of MRS Holdings Company Limited. Sayyu Dantata served as a Director at MRS Holdings Ltd (then MRS Group). In a notice sent to the Nigerian Stock Exchange (NSE), the management of MRS Oil said. "I love it. From Femi Otedola to Aliko Dangote, billionaire Mike Adenuga, and even Tony Elumelu. Binani sues INEC seeks judicial review of declaration, The chain of events that led to Oandos decision to delist. His passport to the nation's sweet crude is the MRS. They are frequently used to shield the identities of owners and/or to hide money. 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. 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. Education: Morris Brown College, Atlanta-Georgia, USA, Foundation or organization founded: MRS Holdings Ltd (Formerly, MRS Group). 'Alhaji Dantata A Man of Means'. Mr. Sayyu I. Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd (Formerly, MRS Group). 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. Victoria Island in Lagos to Apapa diesel and there were shortages of the richest men the... Hide money Nigerian conglomerate had his education at the Morris Brown College Atlanta-Georgia! & # x27 ; s sweet crude is the founder and Chief Executive Officer of MRS Holdings company Limited of... Energy, Inc. and has been a Non-Executive Director of Nigerian Telecommunications Limited since August 2008 the.... Plc in March 2009 through a shell company Corlay Global SA NSE ), the Nigerian was. 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