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Thisday Newspapers which parades itself as Nigeria’s most influential and innovative print media house, , which Thursday celebrated its 20th anniversary on the newsstands is on the verge of collapse naijahotttestgist can reveal.
THISDAY, which commenced publication as a weekly before going daily less than two months later, has in the last two decades been notorious for owning staffers salaries despite being one of the most profitable Newspapers in Africa.
Our findings reveal that the problem with the paper is the style of the publisher who loves to rob peter to play paul,years back he wasted millions of dollars trying to set up the south Africa Edition of the paper but he almost ran into trouble as the Labour laws in south Africa forbids you to owe the way he does in Nigeria and he had to run back home and close shop,During this period the south African franchise ran he was using the money made in Nigeria to run the sa paper and never bothered to pay salaries.
In 2013 the paper almost went under when the staff down tools over this same issue of unpaid salaries and it took the Top Management and Editorial staff to go cap in hand to some friendly state Governors who helped out by bailing it out with millions of naira,Today as the paper clocks 20 it is owning staffers between 5 and 7months salaries with most of the junior staff having a bleak Christmas with their families.
When we spoke to those who should know they say the inability of Nduka Obaigbena to pay his staff salaries is his lifestyles,Nduka flies private jets across the major cities of the world and his Arise news channels is gulping millions in foreign currencies, while he owe months of salaries in the home office in Nigeria,his staffers in Arise with offices in America and uk are paid promptly from the Coffers of the Nigerian office and so where the Nigerian staffers are sweating day in day out especially now that it is very difficult getting to work in Thisday Apapa because of the road their sweat is being used to service the fantasy of Nduka.
As Thisday starts plans of celebrations to commemorate its 20th anniversary, THISDAY will from Saturday, January 24, hold a staff event to be hosted by its Chairman/Editor-in-Chief, Mr. Nduka Obaigbena,We Hear that a mass exodus looms in the publications as many key senior staff are on their way out to other publications as they can’t stomach Nduka’s lifestyle anymore especially as he does not see it as a Big deal as this has been his style even as publisber of The week,His publication before Thisday,we hear once Nduka clears the current salaries many resignations letters will follow.
