It was a super fun team. 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. "I won my debut, that's a good thing. Central Bank of Nigeria Alhaji Dantata started acting as the chairman and Director of the MRS Oil Nigeria Plc since March 2009 and also served as the Director of the Engineering and Transport Division of Dangote Group. Peoples Reactions: Some Nigerians who are yet to recover from the Benin-Lagos Expressway helicopter stunt, were quick to relate both incidents. Earlier this month, he received Nigerian Central Bank approval to invest $4 billion outside the country. They are frequently used to shield the identities of owners and/or to hide money. She was also accused of awarding multi-billion Naira contracts without recourse to due process. PAIA Manual | Their company, MRS Oil and Gas, was re-issued 500,000 shares. The MRS Group had just three staffers at its inception, but today boasts of about two thousand (200) employees on its payroll. 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. Arellano then connected on a nice pass with Dantata to give SD Farms its first lead (10-9) since the fourth chukker.Dantata scored an insurance run off a breakaway to make it 11-9 with 2:01 left. His presence as a resident of Banana Island doesnt come as a surprise. An engineer by profession, he started his career as the transport director with his uncles company and rose through the organization. As an entrepreneur and billionaire owner of Globacom, Nigerias second-largest telecom company, Mike Adenuga is a man with luxurious tastes. Nigerian billionaire, Aliko Dangote owns the Dangote Group, which has interests in commodities. Prior to founding MRS in 1995, Alhaji Dantata was the Director of Dangote Transport (Dangote Group), Lagos, Nigeria. The purpose (s) for which Dangote and his allies set up their own secret companies is not exactly clear. Spear Magazine. Previously, he worked as a journalist at Nairametrics. Download Opera News APP, By studio.opera.com (self media writer) | 2 years ago. He is the Director of Hydro Alternative Energy Incorporated. It is a 200 million-liter lubricant processing plant that is acclaimed as the first of its kind in West Africa and covers the entire value chain of lubricants. From Femi Otedola to Aliko Dangote, billionaire Mike Adenuga, and even Tony Elumelu. On his part, Mr. Sowemimo owns 15,000 share units in Capital Development Solutions Limited which is a client company to Orion House Services (HK) Limited operating in Samoa. Hermans and Bollini each had two goals and Monteverde added one.Dantata was coming off Thursday's Sterling Cup semifinal loss to Valiente. MARCO STORARI manages all aspects of oil storage terminalsoperations at MRS Terminals in West Africa which is over 350,000m3 storage depots. Dangote and Dantata have allegedly used their multiple companies in Nigeria and other countries to secure huge loans. The highlight of the schedule is the second season of the 26-goal World Polo League, featuring at least 11 teams and most of the best players in the sport.With 18 safe and well-manicured fields, including 11-tournament grade, the club will host every level of polo for men, women and children including the WPL, the only 26-goal polo held outside of Argentina featuring the best players in the world.The club attracts a large international field of players from all corners of the world including Australia, Chile, India, Mexico, New Zealand, Costa Rica, Argentina, Canada, Ecuador, Brazil, Switzerland, France, Germany, Uruguay, Venezuela, Azerbaijan, South Africa, Nigeria and England.Grand Champions is coming off its finest fall season in the club's 13-year history. At least 100,000 secret bank account operators who owned about $100 billion were exposed in the leaks, unsettling investigators in several countries. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. It's definitely different playing mixed polo but I love it.". It was the first time he played against polo great Adolfo Cambiaso. Nigerian Gas Association. Thereafter, he moved on to start his own business and now serves as the Chief Executive Officer of the MRS Group. March 25, 2022. 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. 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. Shell companies, experts say, are entities that have no active businesses and usually exist only in names as vehicles for another companys business operations. He is my favorite teammate. The company has an annual turnover of ten billion naira (N10 billion) with ships, and totals about 50,000 tons of diesel monthly. A few other other allies of Dangote and Dantata were also flagged as shareholders in the shell companies used for their Panama deals. The business magnate also served as a Director at MRS Holdings Ltd and Transnational Corporation of Nigeria Plc. The commodities titan reigns supreme in Nigerias capital markets. Like in the case of Ovlas S.A, Mr. Dangote suddenly ceased to be shareholder. 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. Sayyu Dantata, billionaire cousin of Africa's Richest person Aliko Dangote, has launched a $450 million lubricant plant in Lagos through Bestaf Lubricant Limited. 7 billion ($220.5 million). Omokolade is a seasoned financial analyst and reporter with in-depth knowledge of and expertise in equity markets, and financial and economic analysis. But shell companies are not illegal, and not all owners use them to avoid tax or hide assets. She survived an assassination attempt in 2003 and is known for her political ambition and affiliations. One of such men is Sayyu Idris Dantata. In the same manner, his brother, Dantata, was issued the same amount of 250,000 shares. Press, 1997. p 65-70. He then started buying diesel from AP, Unipetrol, and the Kaduna Refinery. DPR Binani sues INEC seeks judicial review of declaration, The chain of events that led to Oandos decision to delist. 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. I tried my best. PPPRA 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. The wealthiest man in West Africa. Seychelles is a well-known tax haven used by businessmen and politicians and celebrities to perpetrate shady business deals. The contact numbers listed on MRS Holdings website failed to connect the several times our reporter called. 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. From the look of things Lagos road hold up will now switch to airspace hold up. He has an estimated net worth of $4.1 billion and the figures continue to soar. 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. After three years of holding the shares, they all ceased to be shareholders. The billionaire recently launched Bestaf Lubricant Plant, a subsidiary of MRS Group. Africas richest man, Aliko Dangote, and his brother Sayyu Dantata have been linked to shell companies in tax havens, writes Joshua Olufemi and Emmanuel Mayah. The young Alhassan was brought up in the care of an old slave woman, who was known as "Tata" from which circumstance young Alhassan became known as Alhassan Dantata because of her role as his mother. Dantata is a cousin of Aliko Dangote, and is one of Nigeria's most popular polo patrons. The billionaire recently launched Bestaf Lubricant Plant, a subsidiary of MRS Group. That investigation, published in February last year showed how HSBC profited doing business with people who stole from their countries and some of the worlds most notorious con artists, including people who made a fortune fuelling wars in Africa. "I am happy I won," Dantata Jr. said. However, he was forced to sell much of the transport and cattle business by 1947 and later added on real estate. 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. He is the Founder and CEO of MRS Holdings Ltd (Formerly, MRS Group). 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, who is Dangotes stepbrother, is the founder and chairman of MRS Holdings Company Limited. Scholarships are available. 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? The group's operations span several West African countries, including the Benin Republic, Togo, Cameroon, and . 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. The Polo School operates in Wellington January through May and September through November. 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. Some even pointed out that this might be the season of helicopters, even as wealthy Nigerians continue to showcase their opulence. 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. Sayyu Dantata served as a Director at MRS Holdings Ltd (then MRS Group). A 2015 investigation by Premium Times, in partnership with French Daily, Le Monde , the International Consortium of Investigative Journalists, and a host of other major media organisations around the world, had named Dangote among some of Nigerias wealthiest industrialists, former government officials and their relatives, who operated highly secretive foreign accounts with the Swiss branch of banking giant, HSBC. MRS Oil: his stake is worth N10.2 billion ($67 million) Oba Otudeko Dantata started his career as Director of the Engineering and Transport. Headed by Director of Operations Juan Bollini, The Polo School has nurtured several men and women polo players now playing in the pro and amateur ranks since its inception. Dangote plans to channel the funds into the construction of a new cement manufacturing facility in Cote DIvoire. Some others set up shell companies to raise funds before starting operations, to attempt a takeover or as a front for an illegal business. Hippy Chic, a Chestnut mare owned and played by Hope Arellano in the second chukker, was Best Playing Pony. The African Network of African Reporting Centres (ANCIR) contributed reporting for this story. Correction: An earlier version of this text stated that Sayyu Dantata is Aliko Dangotes cousin. Thank you for your interest in MRS Holdings Ltd. It has been said that his half-brother, Aliko Dangote, was the one who paid his fees. Olivera led Mashomack with a team-high five goals. Some people even joked that Lagos may soon start experiencing air gridlocks if these billionaires continue flying their helicopters around.

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