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Folio Insists On Ownership Of Daily Times

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As the battle over the ownership of Daily Times continues, Folio Communications Limited has former Senator Ikechukwu Obiora cannot and will never take over the ownership of Daily Times of Nigeria because he has no title to any company with such a name.

Folio in a statement by its media/publicity adviser, Bonaventure Melah said it is reacting to information it received that Obiora had written to Nigeria Internet Registration Association (NIRA) demanding that Daily Times online platform be pulled down.

Melah who doubles as the managing editor of Daily Times, said having lost the cases relating to ownership of Daily Times in many courts, Obiorah is resorting to blackmail as a result of desperation.

“Ikechukwu Obiorah has dragged the management of Folio to many courts but the courts have refused to do his biddings because contrary to his mindset, there are many incorruptible judges in Nigeria even as the law is clear on what constitutes ownership of a company. Folio has also consistently published Daily Times, both the newspaper and the online version for over 10years now.

“Ikechukwu Obiorah has connived with some black sheep in the Nigeria Police to carry out several acts of impunity against Folio and its management/staff, but even that has also failed to confer what is not his to him. He has therefore resorted to writing letters with content that are laced with intimidation and threat as a means of blackmailing NIRA to carry out acts that are obviously illegal. But even this will fail because the legal consequences of such illegality would be grave.”

According to Bonaventure, there is no court order to stop the publication of Daily Times and no competent court will grant such order as there is no basis in the first place.

“This is because there is no company called Daily Times. Daily Times is a title owned by Folio Communications Limited following its legal acquisition in 2004 and proper handover by the Bureau of Public Enterprises (BPE) the same year. So Ikechukwu Obiorah has no title to any company called Daily Times,” he emphasised.



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