First Issued: 1971
Name Of Publisher: Ajibola Ogunsola
PUNCH (Nigeria) Limited was registered on August 8, 1970, under the Companies Act of 1968 to engage in the business of publishing newspapers, magazines and other periodicals of public interest. It was designed to perform the tripartite functions of the popular mass media: informing, educating and entertaining Nigerians and the world at large. The company has a Board of Directors, hereinafter referred to as the Board, which is the highest policy-making organ of the company.
The Punch newspaper was founded by two friends, James Aboderin, an accountant, and Sam Amuka, a columnist and editor at the Daily Times of Nigeria. Amuka became the first editor of the Sunday Punch. In November 1976, a few years after the first print of its Sunday edition, the duo started printing their trademark daily newspaper. Both editions were designed to favour a friendlier apolitical approach to news reporting, combining footage of social events with everyday political news. The paper sustains itself by delving into broad issues that interest myriad people.
However, during the twilight of the Second Republic, political exigencies had introduced conflicts to its original intentions, Aboderin and Amuka parted ways due partly to political conflicts. Aboderin later secured the support of his former foe, M. K. O. Abiola, after the latter left the NPN. The paper began to take on a political stance, mostly against the Shagari regime. Supposedly, days before the end of the administration of Shagari, a few Punch editors were aware of a coup approaching and injected strong anti-government tones in their reporting.