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Showing posts with label media news. Show all posts
Showing posts with label media news. Show all posts

Monday, October 20, 2014

Court quashes Jimoh Ibrahim’s Newswatch take-over, halts further publications

Jimoh Ibrahim
 A Federal High Court sitting in Lagos has quashed the Share Purchase Agreement which transferred ownership of Newswatch Communications Limited to Global Media Mirror Limited owned by businessman, Jimoh Ibrahim.
The court also awarded N15.7 million damages against Jimoh Ibrahim and the other respondents in the suit.
Presiding Justice Ibrahim Buba also made an order halting further publications of Newswatch Daily among other reliefs sought by the petitioners.