Africa's Richest Man Dangote, Resigns From Board Of Dangote Flour

Africa's Richest Man Dangote, Resigns From Board Of Dangote Flour

Africa's richest man Aliko Dangote and three other directors have resigned from the board of Dangote Flour Mills.

This decision is due to the stance by majority owner Tiger Brands, to  cut funding support to its struggling Nigerian division.

South Africa's Tiger Brands said it was "currently exploring various alternatives with regard to its investment in Dangote Flour Mills, which also announced a change of name to Tiger Branded Consumer Goods Plc.

Aliko Dangote holds 10 percent of the company's equity through Dangote Industries. The other directors who resigned are Olakunle Alake, Asue Ighodalo and Arnold Ekpe.

 

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