Kano elders reconcile Alhaji Aliko Dangote and Alhaji Abdul-Samad Rabiu
The clash between two of Nigeria’s richest men, Aliko Dangote and Abdul Samad Rabiu, seems to be temporary over following the intervention of Kano state elders. The businessmen has had a dispute over who controls the sugar market in Africa’s biggest economy.
While Mr Dangote accuses his competitor of attempting to appropriate undue advantage, Mr Rabiu says Mr Dangote, Africa’s richest man, wants to monopolise the market and manipulate prices. Mr Dangote denied the price-fixing allegation.
In January, Dangote Sugar Plc, supported by Flour Mills of Nigeria Plc, accused rival BUA International Limited of skirting the backward integration policy of the National Sugar Development Council (NSDC) by setting up a sugar refinery in Port Harcourt.
Details later.
