Court Nullifies Jimoh Ibrahim's Ownership of Newswatch

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Justice Ibrahim Buba of the Federal High Court, Lagos on Monday nullified the Share Purchase Agreement (SPA) which transferred ownership of Newswatch Communications Limited to Global Media Mirror Limited owned by Lagos based businessman, Jimoh Ibrahim.

Justice Buba in a judgment on a suit filed by some minority shareholders of the news outfit challenging the validity of the takeover of the company awarded N15.7 million damages against the respondents.
 
Source: http://www.ereporter.com.ng/index.php/national-news/item/659-court-nullifies-jimoh-ibrahim-s-ownership-of-newswatch-stop-further-publications