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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
at 5/15/2011 12:10:00 pm

5 comments:

  1. Anonymous15 May 2011 at 12:34

    kudos,thief people

    ReplyDelete
  2. meroh15 May 2011 at 14:43

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

    ReplyDelete
  3. Anonymous15 May 2011 at 23:17

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

    ReplyDelete
  4. Ada16 May 2011 at 00:32

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

    ReplyDelete
  5. GURU16 May 2011 at 13:34

    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

    ReplyDelete

Disclaimer: Opinions expressed in comments are those of the comment writers alone and does not reflect or represent the views of Linda Ikeji.

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