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
    salaries.
    “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
    moment.
    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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