Monday 16 November 2015

Aliko Dangote Resigns From Dangote

Aliko Dangote and three other directors 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.

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