Anil Kumar Ahluwalia, whose company name is Santosh Investment Limited S.A is connected to a Panama shell company called Lotus Trust Services Sarl. Filing legal paperwork to help incorporate a company is a very different thing from establishing a business link with or directing in any way the companies so formed, Carlos Sousa, the companys public relations director, said in a statement to ICIJ. In 2015, her net worth was estimated to be between N1.5 billion and N2 billion. I've been playing her and it will be my second winter with her. newsheadline247 - August 25, 2017. She is a lawyer by training and had cut her teeth in the legal profession by working at the famous FRA Williams chamber before going on to work with Senator Gbemi Saraki as her legislative assistant. The groups operations span several West African countries, including the Benin, Togo, Cameroon, and Cote dIvoire. PATRICE ALBERTI is currently the Vice Chairmanof MRS Group of Companies. In line with its strategy to solidify its leadership position across various sectors, the Cairo-based automaker, owned by the family of the late Egyptian auto mogul, announced earlier this year its plans to rebrand to GB Corp.. Bola Ahmed Tinubu popularly known asJagabanis a former Lagos State Governor (1999-2007) and astute politician. He is widely regarded as the presumed winner of the 1993 presidential elections. "As Banana Island did in the beginning, it restricts the types of homes that can be built. 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. wealth and financial magazine, Forbes namedBanana Islandin Lagos as themost expensive neighbourhoodand place to live in Nigeria. For art, residents head to Ikoyi, which is five minutes away by car. The plant, located at the Bestaf Facility, was inaugurated by Nigerian President Muhammadu Buhari on Monday evening in the presence of Lagos State Governor Babajide Sanwo-Olu and other dignitaries. Seychelles is a well-known tax haven used by businessmen and politicians and celebrities to perpetrate shady business deals. He holds aBachelors degree in Economics from the ParisAcademy and has been with the MRS Groupsince 2004. More:Comporta, a Portuguese Village Where the Well-Heeled Go for Some Privacy. [citation needed], Dantata made a pilgrimage (hajj) to Mecca via boat in the 1920s. 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. But in an arrangement that seems curious, Dangote was issued a higher amount of shares 250,000 on the same day he resigned. Every time I see horses I just want to go and spend time with them. Despite an impressive 16.2-percent increase in revenue from EGP11.4 billion ($372.1 million) to EGP13.26 billion ($432.9 million), the Khamis-led company experienced a nearly 22-percent profit decline from EGP1.21 billion ($39.4 million) in 2021 to EGP944.17 million ($30.8 million) in 2022. He could speak some English and already had direct dealings with Europeans in Lagos and Accra. She survived an assassination attempt in 2003 and is known for her political ambition and affiliations. GB Auto is a Cairo-based automaker led by the family of the late Egyptian auto tycoon Raouf Ghabbour. Dantata, who is Dangote's stepbrother, is the founder and chairman of MRS Holdings Company Limited. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). 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. [1][2] He is the great-grandfather of Aliko Dangote, the wealthiest person in Nigeria and Africa. DPR 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. SD Farms Wins Aspen Valley Cup At Grand Champions; Sayyu Dantata Jr. They include Ola Rosiji, a shareholder of Excalibur Holdings Services Incorporation; and Alex-Duduyemi Oyekunle, a traditional chief known as the Aro of Ife Kingdom. After the usual reading of the Qur'an, he had to go and beg for food for his mallam and himself. Dantata is the founder and chairman of MRS Holdings Company Limited, one of Nigerias largest marketers of refined petroleum products like gasoline, marine fuels, and aviation fuels. Suspects who killed Ogun couple, son on New Year's day arrested. 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. from penta:Ultra-Low-Mileage Bugatti to be Auctioned in Paris. House heights were to be capped at three stories. Sayyu Dantata is the billionaire cousin of Alhaji Aliko Dangote, Africas richest man and Chairman of the Dangote Group. Alhassan Dantata (1877 - 17 August 1955) pronunciation was a Northern Nigerian trader in kola nuts and ground nuts, and he was a distributor of European goods. Correction: An earlier version of this text stated that Sayyu Dantata is Aliko Dangotes cousin. This drop was driven by an increase in raw material costs as well as a surge in both production costs and operating expenses. [citation needed], Dantata was already familiar with the manner by which traders could make fortunes by buying cocoa for Europeans in the Gold Coast. He remained in Bebeji until matters had settled down. This literary means they resold the shares back to themselves. But this is just a little scratch on the surface. Were proud of the work we do, notwithstanding recent and willful attempts by some to mischaracterize it.. 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. Richemont ranks as the fourth-largest luxury company globally, boasting a market capitalization of almost $79 billion. She was accused of organising a diversion of $6 billion (N1.2 trillion) from the Nigerian treasury and was arrested in London in 2015. The purpose (s) for which Dangote and his allies set up their own secret companies is not exactly clear. Apartment buildings, Mr. Onyenze said, come fully stocked with amenities that include fitted kitchens, walk-in-wardrobes, intercom systems, security surveillance systems and standby generators. Documents show that Sayyu Dantata owns 250,000, 125,000 and 50,000 share units in PetroWest S.A., Paseo Trading Limited, and Arkinton International Limited respectively. His net worth has never been successfully estimated given his extremely private life and business dealings. "I have been riding horses since I was a kid but this is the first year I have been playing polo and I'm starting here," Dantata said. Dantata could not be reached. 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. "Banana Island is a piece of heaven in the middle of noisy Lagos," said Ms. Nouboue, adding that the island has two parks. 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. "The first houses that were built are in British and Dubai traditional styles," Ms. Nouboue said. "Then he gave her to me. "Arellano got the opportunity to play with her brother Lucas, 20, who subbed for Dantata Sr. "It was so much fun today," Arellano said. Scholarships are available. However, this did not happen. Bollini scored the final goal with six seconds left. 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. Sayyu Dantata. Residents also are attracted to the high-tech infrastructure on the island thats not available in the rest of the country. The island also has three prominent condo developments: Ocean Parade Towers, Bella Vista Towers and Lakepoint Apartments. Prior to founding MRS in 1995, Alhaji Dantata was the Director of Dangote Transport (Dangote Group), Lagos, Nigeria. Yusufu received his religious training from Qaadiriyya schools. Its' mission is to provide individuals opportunities in polo at every economic and ability level. Nigerian businessman Sayyu Dantata, the stepbrother of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. The lubricant plant comes with a capacity to produce as many as 1,700 different products in the petroleum chain. 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. 26 Jan 2023 06:54:53 As a result, LVMHs pursuit of Cartier may not yield the expected outcome. 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. "Its elegant, and they invite the biggest DJs in the world. Kola Abiola is one of Nigerias low-key millionaires. Yusufu had been passed over when Bello became Emir. 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. It has the power to change the world.. Other business allies. Dantata, who is one of Dangote's cousins, is the founder and chairman of MRS Holdings Company Limited. Earlier this year, Bestaf Funding secured $300 million (the same amount in question) in the form pre-export finance facility from PAC Capital Limited, the investment banking unit of . 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. Alhaji Dantata started his career as Director of the Engineering and Transport Division of Dangote . For additional information on our products/services or our industry expertise, please visit the appropriate page on our site. "I love playing with my brother. He has been tagged the most successful politician in Lagos State. 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. 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. One of the greatest mistake people make is to think that happiness can be . Nigeria currently consumes about 250 million litres of engine oil per year, and this consumption grows by more than five percent every year due to the addition of new vehicles and machinery. Other business allies who are shareholders in companies located at Plot 70 Sahrada Industrial Area, Phase 3, Kano, Nigeria, include Ayokunu Tajudeen Sowemimo and Arjun Thadani. "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..". Built on a beach, it has water views and roads like those in the U.S. Documents show that Sayyu Dantata owns 250,000, 125,000 and 50,000 share units in PetroWest S.A., Paseo Trading Limited, and Arkinton International Limited respectively. Despite several documents linking Dangote to those offshore companies, the businessmans spokesperson insisted he never had any relationship with the offshore entities. [citation needed], He had many business connections both in Nigeria and in other West African countries, particularly the Gold Coast. Linda is Nigerias celebrated and most popular blogger. It remains unclear whether Dangote and his associates used their shell companies to buy any such service from Fonseca. Nigerian Gas Association. 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. Oriental Weavers, a prominent carpet manufacturer based in Egypt and led by accomplished business tycoon and executive Yasmine Khamis, faced a decline in profits below the EGP950 million ($31 million) mark at the end of its 2022 fiscal year. [4] Because of the Agalawa support of Tukur, Dantata and the other Agalawa had their property confiscated and many were captured. In essence, they are corporations that exist mainly on paper, have no physical presence, employ no one and produce nothing. They include Lagos Preparatory & Secondary School, a co-ed day school for students 18 months old to over 16 years; the British International School, a British curriculum secondary school for students 7 through 13 years old that offers a boarding option; and St. Saviours, a British curriculum school for children up to 6 years of age. [citation needed], In 1906, he began broadening his interests by trading in beads, necklaces, European cloth, and trade goods. Polo has long been a passion for Dantata, who is known to be low-key despite his wealth. See Sayyu Idris Dantata's compensation, career history, education, & memberships. 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