Jimoh Ibrahim Buys Newswatch Magazine For N1billion

After 27 years of running the weekly news magazine they co-founded in 1984 with the late Dele Giwa, the trio of Ray Ekpu, Dan Agbese, and Yakubu Mohammed have sold Newswatch to billionaire business man, Jimoh Ibrahim for N1billion. The sold it on Thursday May 5th, 2011 at the Oregun Lagos office of Newswatch with the signing of the Share Purchase Agreement (SPA) between the former owners of the magazine and the new management.

In view of this, the three former owners have since retired from the services of Newswatch. Jimoh Ibrahim, who also owns the National Mirror Newspaper has appointed a new CEO to turn around and restructure the company.
Source: City People Magazine

3 COMMENTS

  1. i hope he will be compitent to run effectively the affairs of this reputable and world-class newspaper. Posterity will judge if he allow it to be mouribone subsequently.

  2. Dear Sir,
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    I hereby bring to your notice that rumors have been spread about the lack of management in the diesel department.
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  3. Dear Sir,
    In respect of your honourable petrol filling station company situated at Apata shomolu Branch Lagos.
    I hereby bring to your notice that rumors have been spread about the lack of management in the diesel department.
    Am here to inform you that am a diesel distributor/suppliers and i have a link up with the NNPC bodies and i will be glad if you can grant me a chance to manage your reputable filling station on the diesel department.
    Sir,have been in this diesel business and supply with an experience of 5yrs, and i will be more than appreciative if you can grant me an opportunity of try to manage the diesel department with glance to give you a benefit of doubt.
    Regards
    The Diesl Suppliers
    Mr Adeola Tayo
    08024117976

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