Though he said he had the support of the majority of the shareholders of the company to shut it down for rebranding, the likes of Ray Ekpu, Yakubu Muhammed, Dan Agbese and Soji Akinrinade, all founding members of the magazine, have kicked against the decision.
The report says ,that in the last 15 months when Jimoh
Ibrahim bought 51 per cent controlling shares in Newswatch, he has been finding
it difficult to pay staff salaries and it came to a peak that workers have not
been paid since May 2012.
3 comments:
Jimoh is one of those I'ld say money miss road person, despite all he borrowed from Oceanic bank back then which is one of the reasons the bank had problems,he did what we call "15mins" i know what im doing i'm a business man....news flash Jimoh -you can take one of the ghetto but you can't the ghetto out of that person.
His business acumen is zero, i know a friend of my that worked in one of his companies, he hadly pays them, there are no incentives,the environment has nothing to offer or inspire their clients,now tell me how will that business sustain its growth, most of these people think acquiring businesses left centre right is what makes you a business guru
Nawo! is this not the man that i read on this blog has opened a school some where abroad with so much billions of dollars,ordinary to pay staff is a problem.
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