You’re Fired!: Multimillionaire Industrialist Jimoh Ibrahim Sacks Top Executive On Live TV

Culled From The News 

A near pandemonium was averted Monday morning as protesting
staff of Jimoh Ibrahim and some members of Nigerian Union of Journalists, NUJ,
gate crashed and disrupted the ongoing 5th Energy Group GMD Conference, holding
at the Nicon Luxury Hotel, Abuja, Nigeria.
The protesters, who stormed the hall while Ibrahim was
taking on his staff on a strategy lecture, launched into protest songs,
demanding for their 14-month salary arrears. For 15 minutes, the drama was
beamed live on AIT.
Appearing unfazed in spite of Ibrahim’s attempt to bully
them by calling for security operatives to move them out, the protesters
demanded that they would not bulge and the confab would not continue unless
Ibrahim or his representatives dialogue with them.

Speaking after the protesters have been convinced to have a
meeting with some of the Group executives, Ibrahim said he has no apologies
owing the staff because they failed to generate their income after he had given
them all the wherewithal, yet they expected him to get loans to pay their
“I cannot borrow to pay their salaries. It is not
sustainable,” Ibrahim said. According to him, it’s only the media section of 16
companies in his conglomerate that has salary issue. However, the man many see
as ‘Corporate Bully’, said he’s ready to deal with the problem from that
In line with that, Ibrahim, shunned the rules of contract in
corporate governance and sacked Bolu Afolayan, the managing director of
Newswatch Media Ltd. He went on to appoint on the spot Mr. Demola Abimboye as
the new managing director.

Abimboye, a seasoned journalist and until now editor of
Newswatch Magazine, present at the conference, is expected to turn around the
fortune of both Newswatch Daily and the monthly magazine.

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