Home » Headline » Drama on live TV: Jimoh Ibrahim sacks company executives while staff protest unpaid salaries
Drama on live TV: Jimoh Ibrahim sacks company executives while staff protest unpaid salaries
Jimoh Ibrahim: Gunning for Ondo Guber seat

Drama on live TV: Jimoh Ibrahim sacks company executives while staff protest unpaid salaries

One week after our shocking revelation that Energy Group Chairman and billionaire businessman, Barrister Jimoh Ibrahim was owing staff of his media houses months of unpaid salaries, he has reacted in the most bizarre manner.

Ibrahim had decided to splash millions on a live TV broadcast to air a staff retreat/strategy  session and he also used the platform to grandstand about how he has been employing thousands of staff and being a turn around king. It was in the midst of all this that the drama unfolded.

Ibrahim sacked the Managing Director and Deputy Managing Director of Newswatch Times, Moses Jolayemi and Makinde Bankole on live TV and pointed at someone who had answered a question during the session “to go and take over there” after explaining that he had pumped so much money into the paper but the former management  lacked the necessary strategy and know how to make it succeed. He topped it up by revealing that Newswatch  was the only paper that had outstanding salary issues.

That line was soon punctured when some brave staff took advantage of the live telecast to protest the months of unpaid salaries across the 16 companies that make up Energy group.

A rattled Ibrahim called on the Police and gave instruction for the live transmission to be stopped but he was ignored. The whole episode was indeed untidy.

Interestingly, despite his claims and true to our story of last week, not only is Newswatch Times owing a minimum of 14 months unpaid salaries, its sister, publication, The Mirror is owing 8 months. And we even gathered that those he purportedly sacked had even resigned from the company and his  move today  was a mere face-saving measure.

We gathered that Moses Jolayemi, the experienced journalist who was Managing Director had left since last year, while Bankole who had held on in an acting capacity threw in the towel last week after being frustrated by the Chairman and pleas for injection of funds fell on deaf ears.

He has promised viewers that he would back the new Management with funds, we would keep you posted how this unfolds in the weeks ahead.


  1. Jimoh Ibrahim…where companies go to die…

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