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Nollywood actress and publisher of Monalisa magazine has officially annulled the business relationship between herself and business partner Lanre Nzeribe. An official statement was released today claiming that both party have ended their agreement based on ‘irreconcilable professional differences’.

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Press release

We regret to officially announce the resignation of Nollywood actress Monalisa Chinda from Monalisa Magazine, which also marks the end of her partnership with Mr. Lanre Nzeribe, due to irreconcilable professional differences.

Over the past few months, both parties have made concerted efforts to retain their partnership, to no avail, which led to their mutual agreement that a separation would be the best course of action.

Though she has, so far, committed so much time, energy and resources into the project, it is high time she moved on as she pursues renewed ethos to raise her standards of professionalism and focus on projects closer to her heart.

Monalisa Chinda extends her sincere appreciation to the entire staff of the company for the great working experience during the time being. She wishes Mr. Nzeribe and the staff all the best in their future endeavours.

She also wishes to express her profound gratitude to her wonderful fans for their unreserved support through the years. Thank you for your continued support as the Monalisa brand promises greater things to come.

Signed,
Management,
Mediawise Networks

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Monalisa & Lanre Nzeribe

Last year, ‘Monalisa’ magazine launched its premiere edition with the prim and proper of the society in attendance for the event. The successful turn out of the event, elevated expectations of great sales for the magazine, which was reported to have been sold for N5,000 per copy.

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According to the NET in January, a source reported a record of very poor sales round the country despite the huge publicity of the magazine both in Nigeria and Ghana. The magazine has not been sighted on the streets by vendors or malls. ‘Vendors are not picking up the magazine, it’s too voluminous and way to expensive’, an insider in Monalisa Chinda’s cohort told NET.

The poor sales can be observed from different viewpoints such as the price of the magazine in relation to other International standard magazines are sold within price range of N1,000-N2,000 which is fare enough for an average Nigerian elite. The actress, may have set the standard too high.

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