NIGERIA:CHAMPION NEWSPAPERS NOW DEAD
BY ABDULMUMINI ADEKU
Champion Newspapers published by multi-billionaire
businessman and politician:Chief
Emmanuel Iwuanyanwu is now dead .
News filtered in into The News office Desk of Paedia Express
Multimedia Group in Lagos,Nigeria that the company has since joined the growing
list of corporate dinosaurs no longer in existence when it effectively winded
up its operations in November,2016 in its production and corporate head office
along Isolo Road Oshodi-Apapa Expressway in Lagos,Nigeria.
A source said that in
the last five years,Chief Iwuanyanwu was in the habit of telling them he was
going to pay the workers their
salaries until their debt profile
mounted to fifty months
The source explained that while they bared with the publisher in the hope
that the company’s fortunes will soon be reversed for the better they were stunned to discover
that the Chairman’s daughter;Nwadiuto was using the brand to fan her own personal
nest.
The source revealed that Nwadiuto used scarce funds which the company’s hardworking
work force made from advertising
,special projects and awards but which
was cunningly converted into personal usage with the woman building a palatial
mansion aside from opening a supermarket of her own in Lekki to the detriment
of the overall progress of the firm.
The source added that
as at press time,the matter had being reported at the Nigerian Union of
Journalists [N.U.J]while a case has since being filed in court to challenge the
publisher and members of his family for looting the company.
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