Newswatch in N362m debt before Ibrahim took over, Ray Ekpu tells court K AYODE KETEFE
O
ne of the former directors of the Newswatch Communications Ltd, NCL,
Ekpu
Vol. 31 N0. 580 115
the publisher of Newswatch magazine, Mr. Ray Ekpu, yesterday admitted before a Federal High Court sitting in Lagos that the company was indebted to the tune of N362m as at
the time it was offered for sale to the new investor, Dr. Jimoh Ibrahim OFR in May 2011. Ekpu gave an insight into the state of indebtedCONTINUED ON PAGE 5>>
Oduah
FG restores Dana’s licence, as Aero’s crisis deepens P.6
Tuesday, Tuesday,June March 7, 2011 19, 2013
AUGUSTINE MADU-WEST,
ROTIMI FADEYI, INUSA NDAHI AND JAMES ABRAHAM
S
uspected terrorists yesterday hit the Central Motor Park in Kano, killing over 60 Lagosbound passengers as well as an unspecified number of workers and traders in a suicide bomb attack. Terrorists also struck in Maiduguri, the Borno State capital, where three government-owned schools CONTINUED ON PAGE 2>>
N150 N150
60 die as terrorists bomb luxury bus Gunmen attack schools, kill teachers, injure pupils in Borno Some foreign hostages still alive, says Jonathan
Convicted pension thief, Yusufu, gets N10m bail P.6 Bidders pay N24.2bn for five power companies Shattered windscreen of the luxury bus (left) and an injured victim of the bomb attack at New Road Motor Park, Kano, yesterday.
Court seals Salami’s fate ...dismisses suit seeking reinstatement
P.2
P.4
2015: Atiku vows to resist attempt to favour Jonathan I remain loyal to PDP, Amaechi tells Tukur
P.43
Afenifere berates Ali over remarks on Yoruba P.43