CEO of West Africa's largest conglomerate, Aliko Dangote along side three other directors has resigned from
the board of Dangote Flour Mills on Monday as majority owner Tiger Brands 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 in through Dangote Industries.
Reuters reported that other directors
that resigned from Dangote Flour are – Olakunle
Alake, Asue Ighodalo and Arnold Ekpe.
Source: The Sheet
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