Aliko Dangote Africa's richest man resigns from Dangote Flour as Tiger Brands cuts funding

Aliko Dangote holds 10 percent of the company's equity in through Dangote Industries. The other directors who resigned are Olakunle Alake, Asue Ighodalo and Arnold Ekpe.

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Honoree and President of the Dangote Group, Aliko Dangote, arrives at the Time 100 gala celebrating the magazine's naming of the 100 most influential people in the world for the past year, in New York April 29, 2014. REUTERS/Lucas Jackson play Honoree and President of the Dangote Group, Aliko Dangote, arrives at the Time 100 gala celebrating the magazine's naming of the 100 most influential people in the world for the past year, in New York April 29, 2014. REUTERS/Lucas Jackson (Reuters)
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Africa's richest man 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. The other directors who resigned are Olakunle Alake, Asue Ighodalo and Arnold Ekpe.

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