Concord Group was the business name of a group of companies that included Concord group of Newspapers and Concord Airlines.[1] It was founded byMoshood Abiola[when?].[2] Other ventures within the group include Concord Summit Capital,[3] Abiola Farms[4] and Wonder Bakeries.National Concord was founded in 1980 and by the end of 1983, it had become the most read newspaper in Nigeria.[5]
The first issue ofNational Concord was printed on 1 March 1980, followed by aSunday Concord the next day.[6] The objective of the newspaper as stated by the Concord Group was to rid of the nation of the triple issues of corruption,tribalism and indiscipline.. At onset, the company attracted talent from theDaily Times such asDele Giwa, who was appointed editor ofSunday Concord, Henry Odukomaiya, a previous editor at theDaily Times, Ray Ekpu, a member of the editorial board and later co-founder ofNewswatch, and Doyin Aboaba also of theTimes.[7] When the new paper made its debut, the publisher, Abiola was a member of theNational Party of Nigeria (NPN) and the daily supported some actions of the ruling party while Abiola was opposed to the writings of theNigerian Tribune owned byAwolowo. Investigative writers of the paper soon revealed alleged ownership of over 300 plots of land owned by the opposition leader, Awolowo, who was an advocate of democratic socialism. This revelation briefly impacted Awolowo politically. However, after the exit of Abiola from NPN, it began to receive favourable reception in the Southwestern states dominated by the opposition, this disposition increased when arsonist burnt down a warehouse holding newsprints of theConcord.[5]
Within two years of publication, theNational Concord reached a circulation of 131,000.[7] The group later launched aBusiness Concord andAfrican Concord then followed by publications in the Hausa and Igbo languages. In 1988, it purchased African Economic Digest.[8] At its height, the group published 14 newspapers and magazines. Its editorial also caught the attention of two military regimes, who went on to proscribe it three times. In 1992,Ibrahim Babangida's reaction toAfrican Concord's front-cover headline "Has IBB Given Up" was to lock up the premises of the company for six months and after Abiola declared himself the duly elected president of Nigeria in June 1994, the group's publications were banned.[9]
Founded in 1986 (39 years ago) (1986) by Abiola, it was an outgrowth of Radio Communications aviation. Concord Airlines operated oneBAe 125, sixFairchild FH-227 and oneFairchild F-27 aircraft for scheduled and charter services.[10][11]
Other businesses formed by Abiola and largely managed by his son, Kola Abiola include Abiola Farms, a large-scale venture founded in 1985.[8] The firm invested in agrarian land, acquiring hectares inYewa country to plant maize, after proven unsuitable for large-scale cultivation of maize, a fish pond project was launched on the site, additional investment in land and storage facilities inLafiagi area of Kwara State was made for the cultivation of rice, maize and soybeans and another 5,000 hectares acquired within theMambilla Plateau for the cultivation of sunflower and other farm products.[12]
Another venture is Summit Oil International Ltd, created as part of government's incentive to encourage local investment in the crude oil production sector. The firm was allocated two oil prospecting licenses in 1990.[12]
The incarceration of Abiola significantly affected the group. Concord newspapers was banned for a long period by the government ofSani Abacha. Some of the editors such asBabafemi Ojudu later formedTheNEWS magazine and Tempo which used guerrilla journalism tactics to emerge as a critical voice against Sani Abacha's policies.[13]