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. Africa's richest man, Aliko Dangote, and his brother Sayyu Dantata have been linked to shell companies in tax havens, writes Joshua Olufemi and Emmanuel Mayah. Please contact us using the information below. This strategic move aims to enhance the companys reputation and further expand its already significant presence in the market. 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. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. Nigerian businessman Sayyu Dantata, the stepbrother of billionaire Aliko Dangote, has launched a $450-million lubricant plant in Lagos through Bestaf Lubricant Limited. His net worth has never been successfully estimated given his extremely private life and business dealings. Nigerian oil and gas billionaire Sayyu Dantata will be playing on the field at the International Polo Club Palm Beach this season with his SD Farms team alongside Peco Polledo, Juan "Tito" Ruiz Guiazu and Jesse Bray. Facebook. The acquisition may face hurdles as Johann Rupert, the South African billionaire who leads Richemont, has shown resistance to potential takeovers. Iyabo Obasanjo, the daughter of Nigerias former President Olusegun Obasanjo also resides on Banana Island. Below is a list of 9prominent Nigerians who live on Banana Island as well as those who own properties on it. The groups operations span several West African countries, including the Benin, Togo, Cameroon, and Cote dIvoire. Aliko Dangote's brother, Sayyu Dantata's MRS Oil head office shut down by Government over Tax Evasion. We only incorporate companies, which just about everyone acknowledges is important, and something thats critical in ensuring the global economy functions efficiently. The African Network of African Reporting Centres (ANCIR) contributed reporting for this story. But this is just a little scratch on the surface. [3] Abdullahi died in Bebeji around 1885. At some point he returned to Bebeji to his religious studies and work. [1][2] He is the great-grandfather of Aliko Dangote, the wealthiest person in Nigeria and Africa. 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. This highlights the substantial value creation and significant untapped potential at GB Capital, which is one of the groups operating subsidiaries. Her home is currently valued at N800 million. Mossack Fonseca, the company behind the registration of the shell companies, said it does not direct the companies it incorporates for its clients and therefore cannot be held liable for the uses to which the firms are put. In the past, Sayyu Dantata, has been trailed by one issue or the other. Despite this challenge, the management team is focused on enhancing the companys global market position. The horses make you love them. When Banana Island was built nearly two decades ago, there was no other luxury spot like it in Nigeria, but it now has competition. Some descendants of Alhassan Dantata includes: "Alhaji Alhassan Dantata, An Appreciation", "Biography of Select Kano Merchants, 18531955", "Alhassan Dantata: Things You Didn't Know About Him", "Meet the wealthy but simple Nigerian merchant behind Dangote's success story", "Biography of Select Kano Merchants, 1853-1955", "Nigerian Tycoon Abdulkadir Dantata Is Dead", https://en.wikipedia.org/w/index.php?title=Alhassan_Dantata&oldid=1135608976, Mahmud Dantata, popularly known as Mamuda Wapa (19221983): son. He remained in Bebeji until matters had settled down. Dantata is the founder and chairman of MRS Holdings Company Limited. 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. 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. "Arellano got the opportunity to play with her brother Lucas, 20, who subbed for Dantata Sr. "It was so much fun today," Arellano said. Like in the case of Ovlas S.A, Mr. Dangote suddenly ceased to be shareholder. Polo has long been a passion for Dantata, who is known to be low-key despite his wealth. window.__mirage2 = {petok:"NU1XWiS0aIgqL2kNAZJSViJcfj6ZI_mmTiSkiHqpr5Y-3600-0"}; Its by invitation only. The significant decline in the companys profits can be primarily attributed to the surge in raw material costs, including wool, polypropylene, backing, and finishing materials. Abdullahi was the son of Baba Talatin, it was Baba Talatin who brought the family from Katsina to Madobi in Kano following the death of his father called Ali, Abdullahi continued to operate from Madobi until 1877, when having set out for a journey to Gonja headquarters of Kola nut trade at Ghana, his wife gave birth to Alhassan at the campsite (Zango) of Bebeji, upon his return from the journey he decided to abandon Madobi for Bebeji. Given at Victoria, Seychelles.. ", She said its possible to buy a unit for about NGN363 million "because value has dropped significantly in the last three years with the devaluation of the naira. He purchased some items in Bebeji, he sold half of them on the way and the rest in Accra. As an industry leader under the control of the Egyptian Ghabbour family, GB Auto has grown significantly over the years. Most Valuable Player Grand Champions Polo Club Watch LIve on the all-new ChukkerTV App: Download Unauthorized request L2FwaS9jb21tZW50L0dldENvbW1lbnRzP2NydW1iPUJZeG5yUE5HblVSS00ySTFNalZqTldReU1qVXhOMlZrTVRjNE9UZzNPRFZtTUdWaFpHUXg= That was on April 12 2006. He used the new trade routes to Ibadan and Lagos to develop his network of trading associates. He was the first to develop this route. He implored them to continue to marry within the family as much as possible. Rupert has taken steps to secure his position in the company, including appointing his son Anton to the board to ensure a long-term strategic vision for the group. According to documents available to Premium Times, on the same day, Dangote was re-issued a higher number of shares 250,000. with legendary father/son duo of Adolfo Cambiaso and his 14-year-old son Poroto, ready . 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. Dangote and Dantata have allegedly used their multiple companies in Nigeria and other countries to secure huge loans. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. [4] Because of the Agalawa support of Tukur, Dantata and the other Agalawa had their property confiscated and many were captured. Correction: An earlier version of this text stated that Sayyu Dantata is Aliko Dangotes cousin. 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. "Dantata plans to move up into 12-goal league play in February, he said. According to the documents, three years after they existed as shareholders of the company, the trio Dangote, Dantata and M.R.S Oil and Gas Company Limited ceased to be shareholder in the company. It remains unclear whether Dangote and his associates used their shell companies to buy any such service from Fonseca. Beauty and seclusion set Banana Island apart. Money laundering, billing schemes, fictitious service schemes, bankruptcy fraud, tax evasion, and market manipulation are some of the fraudulent activities facilitated by shell companies, several past investigations by ICIJ and this newspaper have shown. 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He also owns a property on Banana Island, which explains his inclusion on this list. Sayyu Dantata is the son of Alhassan Dantata who was the wealthiest man in Africa at the time he passed away in 1955. Despite several documents linking Dangote to those offshore companies, the businessmans spokesperson insisted he never had any relationship with the offshore entities. He told them that his days were approaching their end and advised them to live together. [5], Probably after being freed from slavery around 1894, Dantata joined a Gonja-bound caravan to see his mother. There, Tata continued to insist that he must save something every year[citation needed], Dantata started to be a long-distance trader himself. He urged them to avoid clashes with other wealthy Kano merchants. An American-educated mechanical engineer, Dantata returned home to his native Nigeria to begin the energy . Specifically, Dantata, Anil Kumar Ahluwalia and M.R.S Investments Company share same company address Plot 6, Block 2, Osborne Road, Ikoyi, Lagos Island in entities incorporated for them offshore by Mossack Fonseca. He is largely regarded as being socially invisible and this stems from the low profile he has maintained over the years. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. "I love playing with my brother. //