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DTN hails firm’s takeover by AMCON

By Kenechukwu Iruomah

The Board and Management of Folio Communications Limited, owners of Daily Times of Nigeria, DTN, have hailed the takeover of the company by the Asset Management Company of Nigeria, AMCON.

A statement by its Media/Publicity Adviser, Mr. Bonaventure Melah said the development would save the newspaper from the threats posed by undue interference.

The statement reads in part: “As law-abiding citizens operating a responsible corporate entity, we believe that the takeover of DTN by AMCON will help to save  the dissipation of its assets by some property scavengers.

“Our company, Folio Communications bought and fully paid for Daily Times of Nigeria in 2004 through a widely publicised and transparent privatisation process. DTN was duly handed over to Folio the same year by the Bureau of Public Enterprises.”


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