One of the powerful men in the world and Africa’s richest man, Aliko Dangote and three other directors have resigned from the board of Dangote Flour Mills on Monday, November, 16.

cement-dangote

Aliko Dangote

These resignations come as now majority owner of the company, Tiger Brand cut back funding support for its Nigeria’s division.

The South Africa’s owned company said that it was at the moment exploring various alternatives with regard to its investment in Dangote Flour Mills and it also made announced about the change of name to Tiger Branded Consumer Goods PlC, The Nation reports.

READ ALSO: 11 Men Aliko Dangote Cannot Do Without

It was learnt that despite this resignation by Dangote, he still holds 10% equity in the firm.

According to Reuters, other directors that turned in their resignations alongside Africa’s richest man are Arnold Ekpe, Asue Ighodalo and  Olakunle Alake.

READ ALSODangote Donates ₦50 million To The IDPs

Meanwhile, Mansur Ahmed, the executive director, stakeholder’s relations and corporation communications of Dangote group had urged the federal government to embrace the use of concrete for road construction.

He said this was a choice that Nigeria must make as concrete roads make more economic sense for the nation, as the use of Asphalt has left the roads in a shameful condition.

The post Africa’s Richest Man Quits Dangote’ Board Of Flour-Producing Subsidiary appeared first on Nigeria News today & Breaking news | Read on NAIJ.COM.

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