Daar Communications confirms QEDNG story, announces retirement of directors

Tosin Dokpesi

DAAR Communications PLC has confirmed the retirement of members of its executive management with effect from October 31, 2024.

A statement on Monday signed by the company secretary Miji Jonah said this is in compliance with the Code of Corporate Governance as well as company’s internal control policies and procedures manual.

The statement said the affected officials have spent over 10 years in such capacity. Those affected include Tony Akiotu, Oluwatosin Dokpesi, Ambrose Somide, Anthony Uyah, Paulyn Ugbodaga, Mary Lawrence-Dokpesi, Faith Ikems, Imoni Amarere, John Iwarue and Johnson Onime.

QEDNG reported the development on August 17 following information from a source close to the company.

“DAAR Communications PLC expresses gratitude to all retiring Executive members for their invaluable contributions to the Company during their tenure in management and wishes them the very best in their future endeavours,” the company said.

The statement further said the media conglomerate is working on major restructuring of its leadership, adding that as soon as it is concluded, the Nigerian Exchange Limited (NGX) and other regulatory authorities, its shareholders and general public would be notified of such changes.