BREAKING: UK Court Bans Arise TV Chairman, Obaigbena From Serving As Director Of Any Company For 7 Years

todayApril 9, 2021

share close

The United Kingdom has disqualified the founding Chairman and Editor-in-Chief of THISDAY Media, ARISE News Channel and ARISE Magazine, Nduka Obaigbena, from serving as a director of any company in the country for seven years.

In December 2014, the company had expense debts of more than £3 million. The debt owed to creditors led to increased pressure from late 2014 onwards due to the company’s inability to pay off its debts.

An email quoted in the judgement read, “Hi Kevin/Nduka, Happy anniversary, I have been working under contract for six months at Arise. I’ve been paid one month’s money. February’s money is three months late. Still nothing, when will I get what is owed?”

According to the court, Obaigbena made efforts to clear some payments, but there were still large sums that remained outstanding. With no certainty of when any of the payments would be made, the court took into account that it did not consider the case of dishonesty but rather unreliability.

“However, this does not mean that the case is any less serious. The public interest is served in this case, in my judgement by disqualifying Mr Obaigbena for a period of 7 years,” the judgement read.

Written by: Sdb Live News

Rate it

Previous post


Check Out Links To Listen To ANCEDRAM 2021 International Congress

This is to bring to the notice of the general public especially our esteemed listeners that your darling radio station Save Digital Broadcasting Live (Sdb Live) will be Broadcasting live the ANCEDRAM Congress 2021(sponsored program) on the 8th and 9th of April 2021. Ancedram Congress is an annual program that brings together all drama artistes in Nigeria. This year Congress is international and all drama artistes across the world would […]

todayApril 8, 2021 1

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *