Thursday, August 23, 2012

Dear Ray Ekpu, It's No Use Crying Over Spilled Milk

Ray Ekpu.

Dear Uncle Ray Ekpu,

THE Newswatch Magazine has announced the sacking of Messrs Ray Ekpu, Dan Agbese, Yakubu Mohammed and Soji Akinrinade from the Board of Directors of Newswatch Communications Ltd.

Even the spirit of Dele Giwa must be shocked to read the above announcement.

Why are you crying over spilled milk, and sour milk too, when you, Dan Agbese, Yakubu Mohammed and stakeholders sold Newswatch to the billionaire Barrister Jimoh Ibrahim for N1 billion on Thursday May 5th, 2011 and signed the Memorandum of Understanding (MoU)of the Share Purchase Agreement (SPA). So, Barrister Jimoh Ibrahim has the right to fire you. If you truly appreciated and valued the 27 years legacy you co-founded with the late Dele Giwa in 1984, you would not have made the mistake of giving it away without thinking twice.

Of course TALK OF THE TOWN agrees with the Executive Chairman and Publisher of Newswatch, Barrister Jimoh Ibrahim that: “since Ekpu and the other gentlemen signed the SPA, they are knowledgeable and old enough to know the implication of the documents they signed and as such cannot eat their cake and have it.”

Billionaire Barrister Jimoh Ibrahim posing behind the cover of Newswatch magazine.

May I advise you to stop crying and start all over again by launching a new news magazine if you still have the brains and balls to do so.

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