Billionaire Businessman, Dangote Resigns From Dangote Flour

Today, Africa’s richest man, Aliko Dangote, holds 10% of the company’s equity through Dangote Industries, and three other directors resigned from the board of Dangote Flour Mills as majority shareholder of the company, 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. The other directors who resigned are Olakunle Alake, Asue Ighodalo and Arnold Ekpe.