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Jimoh Ibrahim curses Ray Ekpu, others, for opposing Newswatch shutdown

Jimoh Ibrahim

Tussle over Newswatch: Jimoh Ibrahim loses round one

byNicholas Ibekwe
February 1, 2013
1 min read

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Controversial businessman and Publisher of the National Mirror Newspapers, Jimoh Ibrahim, had his bid to stop a suit challenging his acquisition of Newswatch by two minority shareholders of the magazine rejected by a Federal High Court in Lagos.

The plaintiffs, Nuhu Aruwa and Jibril Aminu, accused Mr. Ibrahim of fraudulent acquisition of the company. They argued that Mr. Ibrahim violated the agreement on which he allegedly assumed majority shareholding of the company.

The trial judge, Ibrahim Buba, while ruling in favour of the plaintiffs on Thursday, described Mr. Ibrahim’s lawyer’s argument that court lacks the jurisdiction to hear the suit as a “huge joke.”

Mr. Ibrahim had argued that the Share Purchase Agreement entered in May 2011, states that only a state High Court could hear cases relating to the agreement.

Mr. Buba declared that the suit was not an abuse of court process and the court had jurisdiction.

The judge will Friday rule on the application by the plaintiffs seeking a restraining order against Mr. Ibrahim from further publishing and selling daily Newswatch newspapers to the public pending the determination of the substantive suit.

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Nicholas Ibekwe

Nicholas Ibekwe

Nicholas Ibekwe is PREMIUM TIMES' Head of Investigations. He is a graduate of English Language from the Lagos State University. He has a Master's in International Journalism from City University, London, United Kingdom. Nicholas, who is 2016 fellow of the World Press Fellowship, has won several awards for his work including the Wole Soyinka Prize for Investigative Journalism, two-time finalist, FAIR( Forum for African Investigative Reporters) Award, and Chevening Scholarship. Twitter: @nicholasibekwe 

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