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.
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 the Concord.
In 1992, Ibrahim Babangida's reaction to African 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.
[8] The firm invested in agrarian land, acquiring hectares in Yewa 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 in Lafiagi area of Kwara State was made for the cultivation of rice, maize and soybeans and another 5,000 hectares acquired within the Mambilla Plateau for the cultivation of sunflower and other farm products.
Some of the editors such as Babafemi Ojudu later formed TheNEWS magazine and Tempo which used guerrilla journalism tactics to emerge as a critical voice against Sani Abacha's policies.