PCEO News was forced to unexpectedly close it's Los Santos Office in July, after it emerged the founder of the organisation had been accepting illegal donations from foreign governments, shady multinationals and illicit cartels. The media standards watchdog also launched an investigation into the organisation's apparent mishandling of recent election campaigns, claiming that PCEO News was engaged in politically biased reporting.
As a result of negative PR surrounding the allegations, the fledgling media organisation has undergone an expensive restructuring process, and has recently re-launched with a new brand: PGAM News:
It's believed the cost of the re-brand was in the region of $250,000, which already has Maze Bank investors concerned about the viability of the organisation given it's lack of transparency when it comes to funding.
PGAM News CEO and Founder oo7im had this to say:
The transition from PCEO News to PGAM News was an entirely market driven decision. It had nothing to do with the false allegations of political interference, supporting a coup or infiltrating & abetting terrorist organisations. Check your Eyefind Junkmail to find an official newsletter explaining the change.
[PGAM] News is committed to fair, unbiased reporting. All donations from foreign governments, shady multinationals, or illicit cartels are politely declined. If you would like to help with our operating costs, please consider donating to the PGAM Patreon page, or contributing your own journalistic masterpiece by sending us your news.