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.
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.
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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.
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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.
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