Networth: $1.4 Billion
Source: Oil, Inheritance
Sayyu Dantata, a northern businessman and cousin to Nigeria’s Richest man Aliko Dangote is Chairman and CEO of MRS Oil, a leading Nigerian oil marketing company with operations across several West African countries including Benin Republic and Togo. Dantata owns about 60% stake in the company.
In September 2008 Sayyu Dantata acquired 60% controlling stake worth $1 Billion in Texaco Nigeria Plc and Texaco West Africa. He also recently took up controlling shares in Chevron. It is believed that Sayyu Dantata benefited from his well to do family as his father Sanussi Dantata and grandfather Alhassan Dantata has long been regarded as rich and influential in the Northern region.