Access Bank PLC

Jimoh Ibrahim Sacks MD On Live TV Program Over Workers’ Protest

First Bank Nigeria

The Group Managing Director of Energy Group, Jimoh Ibrahim, sprang a surprise on Monday, when he sacked Bolu Afolayan, the Managing Director of one of his companies, Newswatch Media Ltd. during a live TV broadcast in Abuja, Nigeria’s capital.

This followed a prostest by some members of the Nigerian Union of Journalists, NUJ at the 5th Energy Group GMD Conference held at the Nicon Luxury Hotel, Abuja.

After announcing the sack of Afolayan, who is said to be Ibrahim’s friend, he went on to appoint on the spot Mr. Demola Abimboye as the new Managing Director.

The protesters, who had stormed the hall, while Ibrahim was taking his staff on a strategy lecture, launched into protest songs demanding for their 14 months salaries.

The drama was beamed live on AIT for 15 minutes.

Unperturbed in spite of Ibrahim’s attempt to bully them by calling for security operatives to move them out, the protesters said that the lecture would not continue unless Ibrahim or his representatives spoke with them.

Speaking after the protesters had been convinced to have a meeting with some of the Group executives, Ibrahim said he had no apologies owing the staff members because they failed to generate their income after he has given them all the wherewithal to perform optimally.

“I cannot borrow to pay their salaries. It is not sustainable,” Ibrahim said.

According to him, it’s only the media section of 16 companies in his conglomerate that has salary issue. But the man many see as ‘Corporate Bully’, said he’s ready to deal with the problem from that moment.

In line with that, Ibrahim sacked Bolu Afolayan, the Managing Director of Newswatch Media Ltd.

Mr. Demola Abimboye, who was immediately announced as Afolayan’s replacement, is a seasoned journalist and until now, editor of Newswatch Magazine.

He was at the conference when the entire sordid drama played out on live TV.

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