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Dangote’s daughter, five others resign from the Board of Dangote Flour

Dangote’s daughter, five others resign from the Board of Dangote Flour

Halima Aliko Dangote, daughter of Africa’s richest man, Alhaji Aliko Dangote has resigned from the Board of Dangote Flour Mills Plc.

Others who resigned from the board of the company are Asue Ighodalo, Thabo Mabe,  Olakunle Alake, Arnold Ekpe, and Yabawa Lawan Wabi.

Their resignations took effect from today, Friday, November 1, 2019, according to a notice sent to the Nigerian Stock Exchange (NSE) and the general investing public by the company.

The company has subsequently appointed four new directors. They are:

  • Venkataramani Srivathsan;
  • Chandrasekaran Balaji;
  • Mukul Mathur; and
  • Anurag Shukla.

Their appointment took effect from Thursday, October 31 2019.

The new developments may be connected with the development in the company which saw the shareholders of Dangote Flour Mills Plc endorsed the acquisition of the company by Crown Flour Mills Limited,  the Nigerian subsidiary of Olam International Limited.

The shareholders gave their approval after Olam made a payment of N120 billion.

 

About Mikail Mumuni