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This model of media practice, which he exported to South Africa in 2003-2004, failed spectacularly as he had to flee that country as a result of his unethical business practices. His short-lived THISDAY left unpaid debts to staff and the printers and the South African tax office.
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He exported the same irresponsible business practice to the UK where he operated his Arise TV as a registered company since 2012. In 2021, judge Raquel Agnello disqualified Obaigbena from serving as a company director in the UK for seven years; in a case brought by the official receiver of the Insolvency Office in the country.
The application for disqualification was made under Section 6 of the Company Directors Disqualification Act 1986 and arose from the compulsory liquidation of Arise Networks Ltd of which Obaigbena was the sole director since its incorporation.
According to the judgment, the company by 2016 had garnered a total debt of £25,671,167, which included debt to trade creditors and staff, estimated at £5,850,730. Judge Agnello found Obaigbena’s conduct as sole director of Arise TV to be unfit and that the company had continued to trade despite “complete uncertainty” about its funding.
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In Nigeria, Obaigbena is notorious for owing his staff their salaries. He is also notorious for owning newsprint suppliers for years without payment. This sharp practice led to the ill-health of one of his suppliers, Afilaka, who suffered massive stroke.
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While Alake and Onanuga, were known to have endangered their lives in the struggle against military dictatorship and the enthronement of the democracy we enjoy today, Obaigbena was known to have collected substantial sums of money from the military junta to campaign against the June 12, 1993 elections, widely acknowledged as the freest and fairest polls in the country’s history. He even featured on the CNN to justify the annulment of the election and the continuation of military dictatorship. Yet, this man dares to preach on public morality and the national interest. He even claims that Alake and Onanuga are envious of him! How preposterous!!
What is there to be envious from a man whose business practices and personal lifestyle offend every known decency. Mr. Alake and Onanuga can never be jealous of a man who uses extortion, subterfuge, and cheap blackmail as his working capital. Here is a publisher who deployed his media group in aid of the immoral and illegal presidential ambition of a sitting Governor of the Central Bank of Nigeria (CBN) even when this flagrantly violated and threatened the integrity of that critical institution.
It is absurd when Obaigbena uses his media outfits to push the false narrative of Tinubu’s link with narcotics in the US, when a member of his Board of Editors and Arise TV anchor, Dr. Reuben Abati, was a running mate in 2019 to the governorship candidate of the PDP in Ogun State, the late Senator Buruji Kashamu; a man who had been indicted for narcotics trafficking in the US and was a fugitive from the laws of that country until his death. The same Abati remains a card carrying member of the PDP and yet, shamelessly pontificates and postures on ARISE TV as a dispassionate analyst.
Lest it be forgotten, Abati was Media Adviser to former President Goodluck Jonathan and was detained by the Economic and Financial Crimes Commission (EFCC) in 2015 for reportedly collecting N500 million from ex – National Security Adviser, Colonel Sambo Dasuki purportedly on behalf of the media.
Obaigbena himself was detained for weeks and made to refund N600 million by the EFCC, which was part of the diverted funds for arms purchase for the Nigerian military under Jonathan. Obaigbena as president of NPAN also collected millions of Naira meant as compensation for the media owners whose papers were seized by overzealous security agents during the Jonathan presidency. Many newspapers reported that they did not get the money.
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It is a sad commentary on the state of the Nigerian media that a man with no moral scruples whatsoever like Obaigbena will boldly pose as a publisher who can preach morality to others.
Here is a man who has done such grave damage to media practice in Nigeria, posturing as defender of free speech.
Unless media practitioners begin to treat him like the plague and cancer he constitutes to the industry, the future of the industry will be endangered.
It is well known that many private sector corporate executives pay him huge sums of money as retainership to avoid being blackmailed by him. It is also a pity that many of the journalists who work as his employees pose as self-righteous saints who criticise others and keep mum on the unhidden moral deficits and shenanigans of their boss
Issued by DELE ALAKE and BAYO ONANUGA on behalf of the APC Media and Communication Directorates, December 12, 2022
CONCLUSION
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