The full ownership and control of the country’s premier miller, Flour Mills of Nigeria Plc, could be passed on to John Coumantaros, the Greek-American heir of George Coumantaros, the miller’s deceased founder.
In 1963, the older Coumantaros gave the entity a go as a mono-product business, building it from a modest factory on a Lagos seaport into a group worth N2.3 trillion in annual turnover.
That feat of revenue generation, unmatched by any Nigerian bank or banking group except Access Holdings, underscores the manufacturing behemoth the business just as old as Nigeria’s independence has transformed into in a little over six decades.
