Billionaire Jimoh Ibrahim has fired the managing directors of Newswatch magazine and National Mirror newspaper for failing to pay their journalists and other staff.
Ibrahim owns both businesses.
The journalists had demonstrated at the venue of the Energy Group 5th GMD conference while the tycoon himself was speaking. They claimed they hadn’t been paid for over a year.
The demo disrupted the conference and Ibrahim was apparently angry with the newspaper executives. He then pronounced MDs of both papers fired.
Jimoh Ibrahim bought National Mirror in 2008. The paper was founded by Prince Emeka Obasi in 2006.
Newswatch is a Nigerian weekly news magazine formed by Nigerian journalists Dele Giwa , Ray Ekpu, Dan Agbese and Yakubu Mohammed in 1984. Its first editor in chief was Giwa, who was killed two years later in his home by a mail bomb.