Aliko Dangote resigns from board of Dangote Flour Mill ~ Welcome to Obinna Onyenali's Blog Welcome to Obinna Onyenali's Blog: Aliko Dangote resigns from board of Dangote Flour Mill

Monday, November 16, 2015

Aliko Dangote resigns from board of Dangote Flour Mill


Many may be wondering how feasible this could be, but reports have it that Aliko Dangote (Africa's richest man) alongside three other directors have resigned from the board of Dangote Flour Mills after majority shareholder of Flour Mill, Tiger Brands, cut funding support to its struggling Nigerian division today (November 16th, 2015)

According to a report carried by Reuters, South Africa's Tiger Brands said it was "currently exploring various alternatives with regard to its investment in Dangote Flour Mills". The other directors who resigned along with Dangote are Olakunle Alake, Asue Ighodalo and Arnold Ekpe.

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