₦airaland Forum

Okoroawusa:
Now we have entered price war because Dangote just slashed his own price.

naptu2:
Part 8

Alhaji Sayyu Dantata



Alhaji Sayyu Dantata is the great-grandchild of legendary Kano businessman, Alhaji Alhassan Dantata and he was born in 1969. He studied mechanical engineering and business administration in the United States, having attended Morris Brown College, Atlanta Georgia.

He started his career as the chief executive of Dangote Transport, the logistics division of the Dangote Group.

He realised the potential for diesel marketing when he found it difficult to procure fuel for the company’s huge fleet. The Nigerian government was the sole importer of diesel and there were chronic shortages of the product. Sayyu studied the complex allocation process and launched M.R.S Oil in 1993 with about ₦5 million start up capital. He started buying diesel from African Petroleum, Unipetrol and the Kaduna Refinery, but it took some time for the company to get a foothold in the market. At the initial stage, M.R.S even had to buy diesel from foreign firms who received allocations even though they had no offices in the country.

The company got its big break when it was hired by the NNPC in 1998 to evacuate Low Residue Stock, a by-product of the refining process. This was followed by a major order from Wale Tinubu, who gave him a big contract to supply diesel.

M.R.S had an annual turnover of ₦10 billion and shipped about 50,000 tonnes of diesel a month. The company stunned the industry when it acquired Chevron Texaco’s downstream assets for $1 billion (it was bidding against Femi Otedola’s Zennon Oil). The M.R.S group employed about 800 people.

Sayyu Dantata is very close to Aliko Dangote and Dangote backed him during his dispute with Femi Otedola, which led to some friction between Dangote and Otedola.


Alhaji Dantata served as the chairman of Chevron Oil Nigeria PLC from 03/2009–08/2012 and the chairman and CEO of MRS Nigeria PLC from 08/2012–07/2017. He has been the chairman of MRS Holdings since 2017. MRS Holdings group of companies include the likes of Corlay Global SA, Ovlas Trading SA and Ovlas Services Geneva. He is also a director of Hydro Alternative Energy, Inc.


Sayyu Dantata speaking about MRS Oil and Gas in 2012.

https://www.youtube.com/watch?v=hRGLWr2GKfQ


Social life and toys

Alhaji Sayyu Dantata was a regular on the celebrity pages of newspapers and magazines in the early and mid-2000s due to his relationship with Linda Mesrob.

Alhaji Dantata was in the news again in 2012 when Chris Brown stayed at his house on Banana Island. Chris Brown had come to Nigeria for a concert and the organisers had booked a suite at Eko Hotel for him, but he was not happy with the suite, so the organisers put him up at Sayyu Dantata’s house and he was really impressed. He took to Instagram to post about this big house that he was in in Nigeria (see the thread here https://www.nairaland.com/1142426/owner-mansion-chris-brown-stayed).

Sayyu Dantata also grabbed the headlines on all the blogs in 2019, during the massive Apapa traffic jam, when he flew himself to his Apapa office in a helicopter. This is a video of his staff hailing him as he landed in his helicopter.


https://www.youtube.com/watch?v=U_emOuNHPSo


Sayyu Dantata is a keen polo player and he plays in tournaments all over the world.



And this is what he does when he’s late for polo practice



https://www.youtube.com/watch?v=2hzL_8gTGYY


He also arrived the Kaduna Polo Club for the Georgian Cup Competition in a helicopter, but there was almost a tragedy when he was leaving the club because the crowd refused to give enough space for the helicopter to take off and some people actually hung on to the helicopter’s landing skids as it took off. See the video below.

https://www.youtube.com/watch?v=8I6Jq5rjD2o

iichidodo:
[color=#1986BC] Price War....[/color]

Johnson5258:
Waiting for NNPC price.

cr7lomo:
Nnpc under this yoruba Ronaldo government are bunch of thieves ... I got fuel in festac when I went to visit a relative for 1025 in an independent filling station...only for me to see fuel at 1065 at NNPc in lekki ikota area ... NNPC has never been more expensive than any filling station since inception over 15yrs ago ...

Okoroawusa:
Now we have entered price war because Dangote just slashed his own price.

Bahamas95:
Anything above N200 is still nonsense to me.



These people should pity the masses, it's not a curse for God to bring us to Nigeria.