Bunmi AdulojuSayyu Dantata, one of Nigeria’s wealthiest families, funded the Nigerian National Petroleum Company Limited for the purchase of oil blocks from Chevron Corporation, Bloomberg reports.
Bestaf, it said, is a group of companies that is part of MRS, a conglomerate belonging to the family of Sayyu Dantata, the 53-year-old younger half-brother ofAccording to the report, Bestaf companies develop real estate, manufacture lubricants, store shipping containers and provide support vessels. MRS and Bestaf didn’t respond to requests for comment, Bloomberg said.
The NNPC will repay Bestaf over 4.5 years and it is expected to deliver 8,000 barrels of crude per day to Dantata’s company throughout the duration of the contract between the parties, Bloomberg said, quoting the company’s financial statements.