Immediate past Managing Director of Business World, Mr. Ray Echebiri has given reasons why he quit the newspaper he founded.
Reports said Echebiri had resigned over 15 months salary being owed his staff.
But speaking to Daily Review Online,
This is what he said: ” Yes I can confirm that I have resigned. When you establish a business and it is not going the way you expect, it is reasonable to give way for some other people to try and manage the place. May be I am the problem.
” I wasn’t under any pressure from the board. As a matter of fact I am still on the board. But I thought I should give way for fresh ideas to be injected in the place.”
Asked if he gad any altercation with his management, he said: “No, not really in the sense personal disagreements, but we may not have agreed on certain management decisions which is normal.”
On his next move, he said: “Honestly, I don’t know. I am resting for now.”