Billionaire Aliko Dangote resigns from Dangote Flour Mills Board as Parent Company Cuts Funding

The richest man in Africa, Alhaji Aliko Dangote, on monday along
side three big wigs quit their position as members of the board of
Dangote Flour Mills on Monday reducing their power as majority
owners, Tiger Brands, cut funding support to its struggling Nigerian
division.
South Africa’s Tiger Brands said it was “currently looking for
alternatives” with regard to its investment in Dangote Flour Mills,
which was renamed Tiger Branded Consumer Goods Plc.
Dangote holds 10 per cent of the company’s equity through Dangote
Industries. The other directors who resigned are Olakunle Alake,
Asue Ighodalo and Arnold Ekpe, according to Reuters.