Public Statement RE: UNCOMPLIMENTARY PUBLICATION(S) AGAINST NEWS CENTRAL MEDIA AND ITS MANAGEMENT

“We categorically refute all allegations of impropriety and state that there is no truth to them nor is there any such allegation from within the company or from its investors”, Tonye Adonye-Halliday, Chief Financial Officer, News Central Media Limited said in the company statement.
RE: UNCOMPLIMENTARY PUBLICATION(S) AGAINST NEWS CENTRAL MEDIA AND ITS MANAGEMENT

News Central Media is a media company with focus on providing news from an African perspective and accurately reporting Africa’s untold stories. We started building the station in August 2018 with the recruitment of talent from across Africa and the designing and equipping of an ultra-modern studio in Lagos, Nigeria. The Nigerian environment presents unique difficulties for any startup business, moreso for a startup with such an ambitious mission as ourselves.

At the beginning of 2020, our board decided to review the business strategy for the company and consultants were brought in, to midwife the process. Unfortunately, the global COVID-19 pandemic has severely impacted our timelines and cashflows budgeted for the first half of 2020. The company however remains focused on the News Central goal – unifying the African news narrative. Furthermore, we have commenced the implementation of our fresh business strategy and believe that News Central is on course to deliver on its promise.

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It is therefore with utmost dismay that we have recently discovered some uncomplimentary publications about our company and its management. We categorically refute all allegations of impropriety and state that there is no truth to them nor is there any such allegation from within the company or from its investors. While we believe in and support press freedoms as one of the basic tenets for sustaining a progressive and civilized society, we however draw the line where these freedoms are employed to defame and denigrate citizens before the larger society and used to advance personal vendetta by agents of disruption. It is noteworthy that we have the full support of our Board to implement the difficult decisions taken on financial measures, so as to achieve the vision for the company and sustain it in the long term.

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In the circumstances, we have sought the advice of our solicitors regarding the appropriate legal response to the subject publication(s) and its purveyors and we shall respond as appropriate.

In conclusion the board and management of News Central wish to state that our commitment to the company and its laudable goals remain unshakable. Success for us requires great team work and synergy as we journey on. We salute members of our growing team and all our business collaborators as we sustain our push forward.

In the circumstances, we have sought the advice of our solicitors regarding the appropriate legal response to the subject publication(s) and its purveyors and we shall respond as appropriate.

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Signed:


TONYE ADONYE-HALLIDAY

Chief Financial Officer (CFO)

News Central Media Limited

For more information/enquiries: info@newscentral.ng

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