According to Punch Newspapers, 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.
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.
Meanwhile, Dangote Cement Plc on Monday
commenced a promo in which 3,783 customers, mainly artisans, developers
and block moulders will benefit.
The promo, which has been activated across the country, will run for three months, with the 3,783 customers sharing N300m.
Two prizes of N1m each will be won daily
for 90 days by 180 lucky winners for the duration of the promo; the
grand prize of N10m will be won at the end of every month; while N50,000
will go to 20 winners every day for the 90-day duration of the promo.
The Chief Marketing Officer, Dangote
Group, Mr. Oare Ojeikere, said, “To be part of the promo, all it
requires is for the customer to buy a bag of cement and cut out the
token at the top right corner of the bag. Five tokens will make one
entry in the draw.
“Each entry of five tokens must be
attached to a piece of paper with the participant’s name, phone number
and address placed in a sealed envelope and dropped off at a designated
drop centre.”
He said that 400 Dangote locations and all Access Bank branches nationwide would function as Drop Centres for the entries.
Source: Punch Newspapers
No comments:
Post a Comment