
Nigerian business tycoon set to be buried in Saudi Arabia
Dantata, aged 94, was a respected figure in Nigerian business and philanthropy, and an uncle to Africa's richest man, Aliko Dangote. He is survived by three wives, 21 children, and 121 grandchildren.
The late businessman's body was transported from Abu Dhabi to Medina, a city he cherished deeply as the resting place of Prophet Muhammad (PBUH). Fulfilling his wishes, the burial will take place in this revered Islamic city.
Nigeria's President Bola Tinubu expressed his condolences, calling Dantata's death a "monumental national loss." He highlighted the late tycoon's significant contributions to Nigeria's economic development, philanthropy, and public service.
Known for his generosity, Dantata last year donated 1.5 billion naira (approximately $972,000) to aid victims of severe floods in Borno State in northeastern Nigeria.
Dantata's business empire spanned sectors such as agriculture, real estate, manufacturing, and construction. His journey began in the 1940s, trading kola nuts and groundnuts, following the footsteps of his father, Alhassan Dantata, once West Africa's wealthiest man.
Despite his wealth, Dantata maintained a humble lifestyle in Kano's northern city, where he lived all his life, much like his ancestors.
Politicians sought his support during election seasons, reflecting his influence in the political arena. A video of President Tinubu greeting Dantata with a bow before the 2023 elections circulated widely on social media.
A special prayer ceremony in honor of Dantata was held in Kano, attended by prominent officials including two Nigerian governors and the country's defence minister, who have traveled to Medina for the funeral.
Educated in Islamic studies and attending a secondary school established by his father, Dantata often spoke about the importance of learning business from an early age. He recalled how his father taught the family about commerce during school breaks, emphasizing the value of hard work.
At 17, he took charge of the family business in Bichi, succeeding his brother Ahmadu Dantata, and continued to expand the family legacy.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Kuwait Times
2 hours ago
- Kuwait Times
Amber dreams
From prayer to prestige, Kuwait's enduring love for the mesbah has turned beads into symbols of culture, craftsmanship - and serious investment By Fahad AlSayegh In Kuwait and across the Arabian Gulf, beads - or as they're commonly called, mesbah - carry layered meanings. Often used for religious devotion, especially in tasbeeh (Islamic prayer recitation), the mesbah also serves as a fashion statement and a mark of prestige. Generations of Kuwaitis have held on to their mesbah not just as a spiritual tool, but as a personal talisman, companion and cultural emblem. Today, it's not unusual to see elders, adults, teenagers - even young children - clutching their beads in shopping malls, mosques or coffee shops. It has become more than a tradition - it's a cornerstone of Kuwaiti identity. For over 120,000 years, humans have threaded stories through beads - tiny seashells, stones, seeds, or bits of glass transformed into something more. In North Africa and the Middle East, some of the oldest beads ever discovered serve as evidence that the art of beadmaking is among the earliest forms of human adornment. As our ancestors spread across the globe, they left behind trails of beads - each one a symbol of beauty, meaning and personal identity. According to the Museum of Natural and Cultural History, beads are more than decoration - they reflect culture, individual aesthetics and the human desire to create and express. Over time, what began as a spiritual practice has blossomed into a booming market. In Kuwait, bead collecting has evolved into a lucrative hobby, with collectors buying, selling and trading high-value beads - especially the sought-after amber beads, known locally as kahrab. This rise in popularity has sparked a question: Is Kuwait the number one country in the Gulf when it comes to beads? To explore the answer, Kuwait Times visited one of the country's shopping malls, speaking to collectors, sellers and bead enthusiasts. 'Of course, it's number one,' said Majed Almutairi, a long-time customer at a renowned bead shop. 'Kuwait is the origin of beads in the Gulf. It has a long history in this field and is distinguished by the quality of its materials - whether it's old manufactured beads or amber.' Khaled Alansari, who runs an online shop dedicated to selling beads, agreed wholeheartedly. 'Kuwait is definitely number one, without a doubt. Beads have been part of our culture for a long time, especially since we're Muslims and we use them frequently for tasbeeh. Also, here, the mesbah is considered a symbol of elegance and a traditional accessory for men.' But perhaps the most passionate advocate for Kuwait's place at the top of the beads market is Hilal Algaoud, a beads expert working at a prestigious shop. 'Not only among Gulf countries - Kuwait is currently number one in the world, especially when it comes to amber,' he said. 'The first people who became passionate about amber were the Kuwaitis. Since the 1960s, Kuwaitis were the first to bring in amber; others followed. Kuwait is the amber capital of the world.' He added that while other Gulf countries might specialize in different materials - like mastik or faturan - and the Levant is known for stones like turquoise, agate and coral, Kuwait remains unrivaled in its amber legacy. 'Other countries look up to us when it comes to kahrab,' he said. At Hilal's shop, he revealed, one particular set of amber beads once reached a bidding price of KD 90,000 - and still wasn't sold because the owner found the offer unsatisfactory. This leads to another compelling question: Why is kahrab so expensive? 'The passion for the hobby increases the value of the bead,' Majed explained. 'In addition to the stone's intrinsic worth, a bead made from rare amber is considered a form of saving or investment. You might even sell it for a higher price later.' Khaled added: 'The high price comes from the value of the stone itself, along with the cost of crafting and transforming it from raw material into a finished mesbah. Many also see it as a form of investment.' Hilal pointed to modern trends and market shifts as well: 'Prices are high because they've become a trend,' he said. 'COVID-19 made prices spike. For example, the price of amber used to be KD 3 per gram. After the pandemic, it shot up to KD 15 per gram!' With values rising steadily, many now wonder - could amber one day rival the value of gold? But beyond prices and markets, beads also carry deep personal stories. Many collectors trace their love for mesabeeh back to childhood. 'I used to sneak and steal amber beads from my father when I was a kid,' Majed laughed. 'One time, I took a rare amber mesbahah of the Macintosh type - and I lost it!' Khaled shared his initiation into bead culture through a family moment. 'My father gave me a mesbahah as a gift and said, 'Now you're a man, you should carry one.' That moment stayed with me, and since then, I've fallen in love with mesabeeh.' Hilal, too, found his inspiration close to home. 'I was influenced by my father and by growing up in the Kuwaiti community, where beads are a big part of our culture,' he said. In every bead lies a story - of heritage, pride and quiet luxury. For Kuwait, the mesbah is more than an accessory; it is a cultural compass, a handmade archive of personal and national history. As generations continue to pass the passion down, Kuwait's bead legacy - especially in amber - only grows more luminous, threading the past, present and future together in the warm glow of tradition.

Kuwait Times
a day ago
- Kuwait Times
Saudi announces $6.4 billion in Syria investments
DAMASCUS: Saudi Arabia's Investment Minister Khalid bin Abdulaziz Al-Falih (center left) and his delegation being received at Damascus International Airport on July 23, 2025. -- AFP DAMASCUS: Saudi Arabia announced $6.4 billion of investments in Syria on Thursday, reflecting the kingdom's deepening ties with interim President Ahmed Al-Sharaa's government as it seeks to rebuild Syria after a 14-year civil war. The deals, unveiled by Saudi Investment Minister Khalid Al-Falih at a Damascus forum, are a major financial boost for Sharaa as he struggles to establish control over Syria, which was rocked this month by sectarian violence in the southwest. Al-Falih said his visit to Syria had been ordered by Saudi Arabia's Crown Prince Mohammed bin Salman, calling the trip 'confirmation of the kingdom's firm and supportive stance towards sisterly Syria'. The investment deals included $2.93 billion for real estate and infrastructure projects and about $1.07 billion for the telecommunications and information technology sector, Al-Falih said. Businesses involved in the plans include telecommunications firms the Saudi Telecom Company (STC) and GO Telecom, digital security company Elm, cybersecurity firm Cipher, and Classera, an education technology company. Al-Falih said 47 agreements would be signed over the course of the conference, with more than 100 companies participating. Al-Falih also announced the establishment of a Saudi-Syrian Business Council at the event, which had been scheduled for June but was delayed due to the conflict between Iran and Zionist entity. Riyadh has been a key ally of Sharaa's government, which came to power after longtime ruler Bashar al-Assad was toppled in December, using its diplomatic influence to persuade US President Donald Trump to lift sanctions. Companies, many from Gulf states and Turkey, have expressed interest in rebuilding Syria's power generation capacity, roads, ports and other damaged infrastructure. Syria has signed a $7-billion power deal with Qatar and an $800-million agreement with UAE-based port company DP World in recent months. US energy firms are also set to draw up a master plan for the country's energy sector. In April, Saudi Arabia and Qatar announced they would pay off Syria's World Bank arrears, opening up the possibility of new lending. – Reuters


Arab Times
a day ago
- Arab Times
Saudi Arabia shares full text of the law allowing non-Saudis to own property
RIYADH, Saudi Arabia, July 26: Saudi Arabia has released the full text of a landmark law regulating real estate ownership by non-Saudis, signaling a major transformation in the Kingdom's property ownership policies, Saudi Gazette reported. The law, which was approved by the Cabinet earlier this month, was officially published in the Umm Al-Qura Gazette on Friday and will come into effect 180 days from its publication date. Expanded ownership rights for foreigners The new legislation grants non-Saudis — including individuals, companies, and non-profit organizations — the right to own or acquire real rights to properties in designated areas, which will be defined by the Cabinet. These rights include full ownership, usufruct (the right to use and benefit from a property), leaseholds, and other legal property interests. However, ownership will be subject to several restrictions depending on the property's location, type, and intended use. Restrictions on Makkah and Madinah remain Despite the broadened access, the law maintains strict limitations on foreign ownership in certain sensitive regions — most notably Makkah and Madinah. Foreign ownership in these cities remains prohibited except under specific conditions for individual Muslim owners. The previous ban on ownership by GCC nationals in these areas has been lifted, aligning all non-Saudi entities under a single regulatory system. Designated zones and limits to be determined A key element of the law assigns the Council of Ministers — in collaboration with the Real Estate General Authority and with approval from the Council of Economic and Development Affairs — the authority to determine the geographical zones where foreign ownership will be allowed. The Council will also set caps on ownership percentages and durations for usufruct rights, according to Saudi Gazette. Regulations for Foreign Residents and Companies Under the new law, foreign residents in Saudi Arabia will be permitted to own one residential property for personal use, provided it is outside restricted zones such as Makkah and Madinah. For corporate entities, the law allows non-listed companies with foreign stakeholders, licensed investment funds, and special-purpose entities to own property anywhere in the Kingdom — including the holy cities — as long as the property is used for operational purposes or employee accommodation. Publicly listed companies and other investment vehicles may also purchase property in line with current Capital Market Authority regulations. Ownership by diplomatic and international entities Diplomatic missions and international organizations will be allowed to own real estate for official purposes and housing of their representatives. However, such ownership will be subject to the approval of the Ministry of Foreign Affairs and reciprocal arrangements with the relevant countries. Mandatory registration and transfer fees All non-Saudi entities must register with the appropriate authority before acquiring property. Legal recognition of ownership or usufruct rights will only take effect upon registration in the national real estate registry. A real estate transfer fee of up to 5% will apply to property transactions involving non-Saudis, Saudi Gazette confirmed. Enforcement and penalties The law introduces a robust enforcement mechanism. Violations can lead to fines of up to SAR 10 million. If a property was acquired based on false information, the authorities may enforce a compulsory sale, with the proceeds (after deductions) going to the state. A specialized committee under the Real Estate General Authority will investigate violations and impose penalties. Parties may appeal committee decisions to the administrative courts within 60 days. This new law replaces Royal Decree No. M/15 of 2000, which had governed foreign ownership of property. Detailed executive regulations covering implementation, designated areas, and specific requirements are expected to be issued within the next six months.