Aliko Dangote, Three Other Directors Resigns From Dangote Flour Mill. (See Why)

Aliko Dangote and three other directors have
resigned from the board of Dangote Flour
Mills after majority shareholder of Flour Mill,
Tiger Brands, cut funding support to its
struggling Nigerian division on November 16th.

According to Reuters, South Africa's Tiger
Brands said it was 'currently exploring various
alternatives with regard to its investment in
Dangote Flour Mills'. Aliko Dangote holds 10
percent of the company's equity through Dangote
Industries. The other directors who resigned
along with Dangote are Olakunle Alake, Asue Ighodalo
and Arnold Ekpe.

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