They are Afrex S.A clients in Panama. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). Below is a list of 9prominent Nigerians who live on Banana Island as well as those who own properties on it. He has also served as a Director at Transnational Corporation of Nigeria Plc. I just went in wanting to do my best and play hard. She is the daughter of late Chief M.K.O Abiola. and was honoured by the Federal Government of Nigeria with the title of the Grand Commander of the Order of the Niger. Over the past few years, her net worth has been a subject of heated debate. Samoa is one of the various countries used as tax havens by large corporations. Note: these figures exclude private assets. Dantata only completed four years of studies at Dala Elementary School before leaving because his father preferred a career in trading to Western education for his children. 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. 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. About Sayyu Dantata: Alhaji Sayyu Idris Dantata is the Founder and Chief Executive Officer of MRS Holdings Ltd, formerly known as the MRS Group. This started in 2009 and he has gone on to be named the richest man in Africa; year after year. 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The companys operations span several West African countries including Benin Republic, Togo, Cameroon and Cote DIvoire. It has been said that his half-brother, Aliko Dangote, was the one who paid his fees. 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. Worth a staggering US$15.4 billion, Nigerias businessman and industrialist, Aliko Dangote, is on the Forbes Rich List as the wealthiest man in Africa. She lived in the United States for many years before finally relocating to Nigeria. In essence, they are corporations that exist mainly on paper, have no physical presence, employ no one and produce nothing. View profiles of the MRS board and our executive management team. - Sayyu Dantata - Son of Alhassan Dantata - the wealthiest man in West Africa at the time of his death in 1955. 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. From the look of things Lagos road hold up will now switch to airspace hold up. After three years of holding the shares, they all ceased to be shareholders. Overnight on Wall Street is morning in Europe. Like in the case of Ovlas S.A, Mr. Dangote suddenly ceased to be shareholder. At least 100,000 secret bank account operators who owned about $100 billion were exposed in the leaks, unsettling investigators in several countries. Shell companies, experts say, are entities that have no active businesses and usually exist only in names as vehicles for another companys business operations. 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. 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. SD Farms will return for a second season. She's turned into one of my best horses. According to internal data of the Panama-based offshore-provider, Mossack Fonseca, obtained by the German newspaper Sddeutsche Zeitung and shared by the International Consortium of Investigative Journalists (ICIJ), Dangote, his relative, Sayyu Dantata, as well as his business allies have over the years used shell companies domiciled in controversial tax havens in their business transactions. Like most startups, it took a while before his company got a grip of the oil market. 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. An engineer by profession, he started his career as the transport director with his uncles company and rose through the organization. Seychelles is a well-known tax haven used by businessmen and politicians and celebrities to perpetrate shady business deals. 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. He is my favorite teammate. The contact numbers listed on MRS Holdings website failed to connect the several times our reporter called. Follow me on Twitter@ EmperorDIV. Two Nigerian startups chosen for Migrants Accelerator Program. has changed its name and is now incorporated under the name of PETROWEST S.A. on this 27 day of April 2011. He is the Director of Engineering . 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. READ ALSO: Oando announces resignation of Non-Executive Directors amidst managerial crises, Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |. Prior to establishing the MRS Group, Sayyu had worked with the Dangote Group as director of the engineering and transport division. 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 additional information on our products/services or our industry expertise, please visit the appropriate page on our site. 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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. I tried my best. A former bank chief, Egwuenu is the second largest individual shareholder of the Zenith Bank Group. To keep reading for free, please enter your email! Did you know that Dantata and Africas richest man, Aliko Dangote are cousins? According to Dantata, the plant will not only generate foreign exchange for the country through product exports but also meet the needs of neighbouring countries. He has a degree in economics and is a certificate holder of the CFA Institutes Investment Foundation Program. Zenith Bank: stake is worth N33. [3] At one point in time, both Sanusi and his brother, Aminu controlled about 200 agents involved in buying Kola nut, Livestock, Groundnut and Merchandise. Dangote is pursuing international expansion. The Nation. His passport to the nation's sweet crude is the MRS. Because we do, we have not once in nearly 40 years of operation been charged with criminal wrongdoing. 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 . window.__mirage2 = {petok:"cT723aH5hvqF60q1AYllx84G_kL0xtl.Igad039b6Eg-3600-0"}; Dangotes account was in operation till August 2004. Download Opera News APP, By studio.opera.com (self media writer) | 2 years ago. "The way he plays, his style, he is just unique. The companys stock is down 16% since it floated shares; yet to bounce back to IPO price. Were proud of the work we do, notwithstanding recent and willful attempts by some to mischaracterize it.. 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. Omooo com see level ?. "I don't know what happened in that last chukker," Dantata said. Owners create Shell companies for a host of dodgy business reasons. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. It's definitely different playing mixed polo but I love it.". He also owns a property on Banana Island, which explains his inclusion on this list. 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. MRS Oil: his stake is worth N10.2 billion ($67 million) Oba Otudeko 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). Dantata owns MRS Petroleum. Sayyu Dantata is the billionaire cousin of Alhaji Aliko Dangote, Africas richest man and Chairman of the Dangote Group. She was also listed as Nigerias Highest Paid Blogger by Forbes in August 2016. Yes! Some people even joked that Lagos may soon start experiencing air gridlocks if these billionaires continue flying their helicopters around. Sanusi Dantata (c. 1919 15 April 1997) was a Nigerian entrepreneur and son of Alhassan Dantata. Nigerian businessman Sayyu Dantata, the stepbrother of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. Scholarships are available. 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