Billionaire mogul, Ifeanyi Ubah
CEO of Capital Oil and Billionaire business mogul, Dr
Patrick Ifeanyi Ubah, has confirmed ownership of the new national newspaper,
'The Authority', which has been in circulation since Thursday, October 15, 2015.
The successful entrepreneur and owner of Ifeanyi Ubah
football club, said the need to contribute his quota to the development of the
country via further creation of employment for the roaming graduates has been
the main factor that has driven his passion for publishing and keeping the
Nigerian populace informed and educated.
"Yes, that’s the new thing now. I am the chairman of the company publishing 'The Authority'. It’s aimed at contributing to the development of the country by creating more employment opportunities for the youth out there."
Asked to comment on the development concerning his N5billion
Catholic Cathedral, Nnewi, Anambra Dioceses billed for commissioning this
month, he simply reacted, "Work is in progress."
A close source with the Anambra-born mogul disclosed to a
correspondent that one of the main reasons Ubah went into publishing is to
boost his political ambition ahead 2019 general elections as he is likely to
vie for the senate ticket on the platform Peoples Democratic Party (PDP) in
Anambra state.
"Although, Ifeanyi Ubah has passion for employment
creation, I think the need to give himself the needed media backing for his
political ambition in 2019 topped the reasons he established a media outfit.
And the paper is doing well since it hit the market.
It has its headquarters in Maitama area, Abuja and it’s
being circulated across the country but with larger concentration in Abuja,
Lagos and some parts of South-South and South-East. It’s gradually becoming the
darling tabloid of many readers in major cities across the country now,"
the source said.
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