Ola Akinwunmi
Africa’s richest man, Aliko Dangote, has officially retired as Chairman of the Board of Dangote Sugar Refinery Plc, marking the end of his two-decade-long leadership of the company. The retirement takes effect from June 16, 2025. Dangote, who assumed the role in 2005, has been widely praised for transforming Dangote Sugar into Nigeria’s market leader in the sugar refining industry.
Dangote steered Dangote Sugar into a market leader in Nigeria’s sugar industry, overseeing major expansion projects and strengthening corporate governance.
The company implemented key projects in Adamawa, Taraba, and Nasarawa States to improve local sugar production and reduce import dependence. Dangote’s leadership strengthened corporate governance practices, setting a high standard for the industry.
Following Dangote’s exit, the board has named Mr. Arnold Ekpe, a renowned banker and former Group CEO of Ecobank, as the incoming chairman. Ekpe’s appointment is effective June 16, 2025. The company expressed deep appreciation to Dangote for his years of exemplary service and unwavering commitment to excellence.
“In line with the principles of good corporate governance and succession planning, Dangote Sugar Refinery Plc hereby announces the retirement of our esteemed Chairman of the Board of Directors of the Company, Alhaji Aliko Dangote (GCON), effective June 16, 2025.”
The company welcomes Ekpe to his new role, looking forward to the next chapter in their journey under his leadership.
