Details: Wall Street Expert Hired To Turn Around Fortune Of Popular Newspaper Company Arrested For Sabotaging Revenue Growing Efforts

As part of efforts to turn around the fortune of a popular newspaper company, a Wallstreet expert was hired.

Societynow.ng, however, the individual who was full of glowing ideas about how things needed to be done and cost-saving measures to be put in place to grow revenue at ‘’one of the oldest’’ newspaper companies in the country was arrested for sabotaging revenue growing efforts he initiated.

‘’He was skimming from revenues from source’’ societynow.ng learned.

Sources disclosed that the strategy the Wall Street expert sold to the management of the newspaper company paid off.

‘’The strategy yielded great dividends because it boosted revenue but ironically the initiator was caught skimming from the company’s earnings through checks and balances he factored into the strategy’’ societynow.ng learned.

Insiders disclosed that management of the newspaper company very particular about ‘’truth’’ discovered the ‘’financial misconduct’’ through routine checks with clients – as advised by the Wall Street expert.

‘’The unraveling of the skimmed earning began when a bank confirmed payment of fifty million Naira instead of the twenty-something million Naira in the books for services rendered. This led to other revelations that resulted in the arrest of the Wall Street expert by the management’’ societynow.ng learned.

Sources disclosed that he was handed to the police, his cars and other property seized, and made to agree to fund all the ‘’skimmed earnings’’ discovered.

He forfeited the gains of his contract with the company, which included a ‘’pension package’’ that the newspaper company that prides itself as having a ‘’conscience’’ signed with him societynow.ng gathered.