The management of Daar Communications has sacked its chairman’s wife, Dr. Tosin Dokpesi, MD, Tony Akiotu, and nine other directors.
It was gathered that Daar Communications Plc, owners of Africa Independent Television (AIT) and RayPower, has asked directors who have spent 10 years and above in executive positions to go on retirement.
A source close to the company said that the retirement will take effect in November 2024.
Among those affected are Tony Akiotu, Tosin Dokpesi, Ambrose Somide, Paulyn Ugbodaga and Tony Uyah.
“About 11 directors that have spent 10 years and above have been asked to go on retirement. One of them is Tosin Dokpesi who is the widow of our founder and chairman Chief Raymond Dokpesi,” a staff speaking under anonymity disclosed.
Recall that Daar Communications Founder, Chief Raymond Dokpesi died on May 29, 2023. His son Raymond Dokpesi Jr has been chairman since 2019.
The company posted a loss of N1.6 billion for the year ended December 31, 2023.
The companys’ statement stated that ‘DAAR Communication Announces Retirement Of 10 Top Directors’
DAAR Communications PLC has announced the retirement of members of its Executive Management with effect from October 31, 2024 in compliance with Code of Corporate Governance as well as Company’s Internal Control Policies and Procedures Manual.
A statement signed by the Company Secretary, Miji Jonah says the affected officials have spent over 10 years in such capacity. Those affected include Senior High Chief Tony Akiotu, Dr. Oluwatosin Dokpesi, Dr. Ambrose Somide, Anthony Uyah, Paulyn Ugbodaga, Mary Lawrence-Dokpesi, Faith Ikems, Imoni Amarere, John Iwarue and Johnson Onime
The statement adds that the media conglomerate is working on major restructuring of its leadership and once this is concluded, the Nigerian Exchange Limited (NGX) and other regulatory authorities, its Shareholders and General Public would be notified of such changes.
