Guardian Newspaper Sack 100 Editors, Consultant and MD Due To Lack Of Money

The economic squeeze in the country which has already claimed many jobs in Nigeria’s banking sector has begun to have an impact in the media, with a telling effect on one of Nigeria’s best regarded newspapers, The Guardian. The management of the Guardian newspaper have reportedly sacked the managing director, Mr Emeka Izeze as well as the company’s executive consultant, Lade Bonuola and two other consultants. According to PM News, at least 100 workers at the media outfit are also expected to be laid off in coming days as a result of the economic hardship in the country and the need to re-position the newspaper. Izeze had been 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. Bonuola was a founding member of The Guardian newspaper and contributed immensely to the growth of the newspaper. Both Izeze and Bonuola were relieved of their jobs on Friday. The Guardian was established in 1983 by Alex Ibru, an entrepreneur, and Stanley Macebuh, a top journalist with the Daily Times newspapers. The Guardian is said to have been 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.