Chimpreports.com has established that Masiga on Monday threw in a towel after failing to absorb immense heat exerted on his department to tow a pro-government line.
Efforts to reach Masiga on his known mobile have been fruitless.
However, sources at the newspaper say Masiga “was having a terrible time with ill health and could therefore not absorb the pressure. He was in and out of hospital.”
“The man just threw in the towel. Masiga had intimated to me of his desire to retire in the near future so events unfolding at the newspaper brought things forward,” said a source.
The resignation of Masiga is another blow to the vibrant newspaper which has so far lost the Executive Editor David Ssepuuya and five other top managers.
We reported that the paper risks losing billions of shillings in court cases involving high profile personalities such as Prime Minister Amama Mbabazi and First Lady Janet Museveni.
Mbabazi accuses Monitor of labeling him a ‘fraudster’ in a story that he had fallen short of declaring NRM funds. He wants Shs5bn in damages.
Janet blames Monitor for publishing a story that implied she was land grabber in Karamoja.
Other top shots that have quit in the recent weeks include Brian Mukisa, the powerful marketing manager, Ramadhan Kyomugisha, the head of KFM and Charles Opolot, the upcountry advertising manager.
Others include David Tumusiime, the online sub-editor and Jery Oluk (advertising, agencies).
The source said more resignations are expected.