Economic Crisis:The Guardian Sacks MD, 2 consultants, 100 Others To Go

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The Management of The Guardian has sacked the newspaper’s Managing Director, Emeka Izeze, the company’s Executive Consultant, Lade Bonuola and two other consultants.

Our correspondent also learnt that 100 other workers of the company are to be sacked.

The retrenchment of the workers, it was learnt, was as a result of the economic hardship in the country and the need to reposition the newspaper.

Izeze had been The Guardian’s Managing Director/Editor-in-Chief until the position was split about two years ago, which made him the Managing Director while Debo Adeshina was named Editor-in-Chief. He held the position for over a decade. Prior to that, he was the Editor of The Guardian.

Also, Bonuola was a founding member of The Guardian newspaper and contributed immensely to the growth of the newspaper.

A source said that Izeze, Bonuola and two other top consultants were sacked on Friday by the management of the company.

Our source said 100 other workers have been penciled down for sack and that in the next few days, they would be issued sack letters.

The Guardian was established in 1983 by Alex Ibru, an entrepreneur, and Stanley Macebuh, a top journalist with the Daily Times newspapers. The Guardian was a pioneer in introducing high-quality journalism to Nigeria with thoughtful editorial contents.

The paper was first published on 22 February 1983 as a weekly, appearing on Sundays. It started daily publication on 4 July, 1983.

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