Breaking

18/06/2016

Dwindling Economy: Guardian Newspaper Sacks MD, 3 Consultants, Set to Retrench 100 Others

The economic squeeze in the country which has
already claimed many jobs in Nigeria's banking
sector has begun to have an impact in the media,
with a telling effect on one of Nigeria's best
regarded newspapers, The Guardian.

 

As a result of the economic hardship in the country
and the need for repositioning, the management of
The Guardian newspaper has reportedly sacked the
newspaper’s Managing Director, Emeka Izeze, the
company’s Executive Consultant, Lade Bonuola and
two other consultants, as 100 other workers of the
company are also to be sacked.

PM News reports that Izeze had been The
Guardian’s Managing Director/Editor-in-Chief until
the position was split about two years ago which
made him the Managing Director while Debo
Adeshina was named Editor-in-Chief. He held the
position for over a decade.

Bonuola who sacked on Friday with two other top
consultants by the management of the company,
was a founding member of The Guardian
newspaper and contributed immensely to the
growth of the newspaper.

A source disclosed that 100 other workers have
been penciled down for sack and that in the next
few days, they would be issued sack letters.

The Guardian was established in 1983 by Alex Ibru,
an entrepreneur, and Stanley Macebuh, a top
journalist with the Daily Times newspapers. The
Guardian was a pioneer in introducing high-quality
journalism to Nigeria with thoughtful editorial
contents.

The paper was first published on 22 February 1983
as a weekly, appearing on Sundays. It started daily
publication on 4 July, 1983.