GIS has learned that more than
145 employees of Television Continental Broadcasting Service, which operates
TVC News, TVC Nigeria, and TVC Entertainment. The media conglomerate’s owner is
Bola Tinubu, a Nigerian politician who was a Governor of Lagos State as well as
a founder and national leader of the ruling All Progressive Congress
(APC).
Our sources said there was
heavy security presence at the firm as the sacking was carrGIS has learned that
more than 145 employees of Television Continental Broadcasting Service, which
operates TVC News, TVC Nigeria, and TVC Entertainment. The media conglomerate’s
owner is Bola Tinubu, a Nigerian politician who was a Governor of Lagos State
as well as a founder and national leader of the ruling All Progressive Congress
(APC). Our sources said there was heavy
security presence at the firm as the sacking was carried out. They added that
some of the fired employees were pioneers at the broadcast outfit.
A source close to Mr. Tinubu
told our correspondent that the decision to carry out the mass firing of staff
was approved by the political chieftain “because he is tired of throwing money
into the TV station without reaping any profit.” The source added that the
former governor ordered the management of the media firm to come up with
measures to drastically reduce overhead costs, especially workers’ salaries
that reportedly ran into 200 million naira each month.
GIS learned that TVC had 450
employees, including those employed at “TVC Africa,” the international arm of
TVC that has now been shut down completely. A former staff of the TV network
told a source that the station received ample advert funds from 57 local
government areas in the state. Two other TVC management staffers told GIS that
while Mr. Tinubu may be collecting funds from local government areas in the
name of TV programming, the network received only a fraction of the funds. They
disclosed that the funds were usually routed through one Shola Lawal to buy
airtime on behalf of the local governments.
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