The richest man in Africa, Alhaji
Aliko Dangote, on monday
along side three big wigs quit
their position as members of
the board of Dangote Flour Mills
on Monday reducing their
power as majority owners,
Tiger Brands, cut funding
support to its struggling
Nigerian division.
South Africa’s Tiger Brands said
it was “currently looking for
alternatives” with regard to its
investment in Dangote Flour
Mills, which was renamed Tiger
Branded Consumer Goods Plc.
Dangote holds 10 per cent of
the company’s equity through
Dangote Industries. The other
directors who resigned are
Olakunle Alake, Asue Ighodalo
and Arnold Ekpe, according to
Reuters.
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