Jimoh Ibrahim Buys Newswatch Magazine For N1billion | Welcome to Linda Ikeji's Blog

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Sunday 15 May 2011

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. - City People Magazine

5 comments:

Anonymous said...

kudos,thief people

meroh said...

money miss road. he has no idea what to do with money again.

Anonymous said...

this guy should go and sleep abeg! he buys companies and we never hear about them again...noisemaker

Ada said...

LOL what a silly investment.
Good for the guys, they've become big millionaires in $$ overnight.

GURU said...

Ahhh

Ray Ekpu and Akinyele has finally laid the last soul of Dele Giwa to rest.

Good link between the facilitator (Akinyele) buyer Ibarahim Jimoh) and the killer (IBB)

Next in line is Fire inferno to gulp it down

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