NewStats: 3,265,247 , 8,186,122 topics. Date: Saturday, 14 June 2025 at 04:58 AM 34555h

Dangote Sugar Refinery Plc has announced the retirement of Aliko Dangote as chairman of its board of directors, effective June 16.

In a statement on Wednesday, Temitope Hassan, the company secretary, said Dangote, one of the founding directors, had served with “exceptional leadership, integrity, and vision” since 2005.

“Under his leadership, Dangote Sugar Refinery Plc. transformed, navigated significant industry developments, delivered consistent shareholder value, and maintained a strong focus on good governance, and long-term growth evidenced by its extensive Backward Integration Projects in Adamawa, Taraba and Nasarawa State,” Hassan said.

“He also played an instrumental role in shaping the Company’s strategy and culture thereby building a robust foundation for growth and sustenance.”

Following Dangote’s retirement, she said the board has appointed Arnold Ekpe, an independent non-executive director, as the new chairman, effective June 16.

“Mr. Ekpe brings with him a wealth of experience, having held senior leadership roles in the banking sector and other key industries,” she said.

“His strategic acumen, deep understanding of corporate governance, and commitment to stakeholder value make him well-positioned to lead the Board as we continue to build on our strong foundations and pursue sustainable growth.

We welcome Mr. Ekpe to his new role and look forward to the next chapter in our Company’s journey under his leadership.

“We also express our deep appreciation to Alhaji Aliko Dangote for his years of exemplary service and unwavering commitment to excellence.”

MARYAM BASHIR, KONYINSOLA AJAYI TO STEP DOWN AS BOARD DIRECTORS

In another statement, Hassan said the board has also notified the Nigerian Exchange Limited (NGX) and the investing public of the retirement of Maryam Bashir and Konyinsola Ajayi from the board, effective June 16.

“Both Directors will retire from the Board effective 16th June, 2025 having diligently served the Company with integrity, professionalism, and commitment to the growth of the Company and its corporate governance throughout their tenure,” the company secretary said.

Ms. Maryam Bashir is a strong achiever with broad experience in finance and investments with particular focus on strategy, business development and bottom-line enhancement.

“She was for a period the Chairperson of the Board Risk Management & Assurance Committee and the Board’s representative on the Statutory Audit Committee and has contributed immensely to the expansion of the Backward Integration Projects.

“Prof. Konyinsola Ajayi, SAN is a legal luminary and trusted Advisor in the fields of Energy & Natural Resources, Infrastructure & Power, Banking & Capital Markets, Privatization, Project Finance, Litigation and Arbitration. He was for a period the Chairman of the Board Governance Committee and has over the years provided guidance to the Board on major transactions.”

Hassan added that the board expressed sincere appreciation to both directors for their contributions to the company’s growth and wished them success in their future endeavours.

https://www.thecable.ng/aliko-dangote-retires-as-dangote-sugar-refinery-chairman-arnold-ekpe-takes-over/

This kind of retirement does not affect financial inflow. 😎

Aliko Dangote needs to submit himself for a DNA test. That guy reasons like a Caucasian.

No wonder he was able to have outstanding children despite his wealth.

Why I always respect Mike Adenuga and Aliko. Those guys are tough Dads. You will have no chance to be mad.

CoronaVirusPro:
Aliko Dangote needs to submit himself for a DNA test. That guy reasons like a Caucasian.

No wonder he was able to have outstanding children despite his wealth.

Why I always respect Mike Adenuga and Aliko. Those guys are tough Dads. You will have no chance to be mad.

You are right.....Not wealth crazy children

aminauiade:


https://www.thecable.ng/aliko-dangote-retires-as-dangote-sugar-refinery-chairman-arnold-ekpe-takes-over/

hmm
https://www.thecable.ng/aliko-dangote-retires-as-dangote-sugar-refinery-chairman-arnold-ekpe-takes-over

Dangote should have a good transition plan for his group. Africa needs to grow businesses that can last for more than 100 years and span generations.

Great achievement, another new face to emerge. Long live Dangote

When you say retire does that mean he's sold the company or what? Make me to understand

As it should be.

No be say na my tribesman we go elect na person wey Sabi we go put

Great man. You are a true patriot.

I love his courage

Way to go Aliko!!!! Way to go.. Time to draw the curtains

Ok, noted.
All the best to Mr. Arnold Ekpe in his new role.

Abi na why Dem dey run sell Commercial Paper Dem need people money

This is commendable although I know it's because $3.5b is coming from refinery otherwise e for no resign, yimmu

Chai age and time happeneth to us all. I wish him happy retirement as he gradually retires from other subsidiaries

CoronaVirusPro:
Aliko Dangote needs to submit himself for a DNA test. That guy reasons like a Caucasian.

No wonder he was able to have outstanding children despite his wealth.

Why I always respect Mike Adenuga and Aliko. Those guys are tough Dads. You will have no chance to be mad.

I’m going to be like that too.

No matter how rich I become, my children will never be stupid.

No matter the number of house maids I have, they will do the dishes, wash their own clothes and the girls will take turn to cook for the house.

These will be non-negotiable constants.

Money keeps flowing even though he's retired.

This is how Whities run their business and it lasts generations coming.......

Mabuggi88:

You are right.....Not wealth crazy children

Just like one in Aso Villa called Seyi.


Bbbbbbbbbbbnnnnnnnnn
This nonsense Seun started is going to ruin Nairaland. So I can't make comment unless it is from 40 characters. I can't say my Bala Blu again peacefully.

adolfHitler1934:
Just like one in Aso Villa called Seyi.


Bbbbbbbbbbbnnnnnnnnn
This nonsense Seun started is going to ruin Nairaland. So I can't make comment unless it is from 40 characters. I can't say my Bala Blu again peacefully.

Simple hack:

Copy someones already comment and paste then come back and modify it.

Haydens:


Simple hack:

Copy someones already comment and paste then come back and make your comment.

Nop. I'll rather type trash like this..
Bbbbmmmmmmmmmmnmmasgggggggghhjkdddhhjsksk

Then come back and modify it

aminauiade:


https://www.thecable.ng/aliko-dangote-retires-as-dangote-sugar-refinery-chairman-arnold-ekpe-takes-over/

A welcome development

More to come in other division

Correct man..

IF na Pentecostal business center now, na to hand am over to first son or first daughter whether God called them or not, it wouldn't matter again, since their earthly PaPa don call them that's what matters.

adolfHitler1934:
Nop. I'll rather type trash like this..
Bbbbmmmmmmmmmmnmmasgggggggghhjkdddhhjsksk

Then come back and edit it

I did it and chop blocking so I had to devise another means. He should know that some human beings are wise and can't be controlled.

Wetin him come be now,Abi he is no longer in charge of the cartel

Time to Rest.
A Living Legend.
Hshdvvbdjdjdhhdbdhhdh

Person duh buy him shares for that department
The guy senior Dangote but looks younger

I guess he has a big whale to focus on .. anyway happy retirement,it is always good to build put structure in place and let the company run itself... I initially thought it was from DIL ... I for no happy, cos Nigeria still needs Alhaji to build a steel industry, as it has a wide impact on defense, maritime, road , automobile,construction, skyscraper building and lot more...

He don try...make he rest small..

Aliko Dangote....Olowo tabua

Bigger fish to fry. The cabal have set the job

Emeskhalifa:
When you say retire does that mean he's sold the company or what? Make me to understand

He retires from officially handling the affairs of the company any further. He will only be working from the background going forward.

CoronaVirusPro:
Aliko Dangote needs to submit himself for a DNA test. That guy reasons like a Caucasian.

No wonder he was able to have outstanding children despite his wealth.

Why I always respect Mike Adenuga and Aliko. Those guys are tough Dads. You will have no chance to be mad.

You mean he reasons like a genocidal maniac?