. ‘With effect from October 31,’ full notice Daar Communications sent to NGX confirming retirement of 10 top executive directors + NAMES
Nigerian independent broadcast group, DAAR Communications Plc, owners of Raypower FM, AIT, and Faaji FM, has retired ten top executive directors in one of the major employment shakeup in the company’s history.
The company confirmed the retirement in a memo signed by Company Secretary, Miji Jonah, Esq, and sent to the Nigerian Stock Exchange (NGX), stating that the action was in compliance with the Code of Corporate Governance as well as the Company’s Internal Control Policies and Procedures Manual.
Platforms Africa reports that members of the company’s Executive Management affected by the action included Mr Tony Akiotu, Dr Oluwatosin Dokpesi, Dr Ambrose Somide, Engr Anthony Uyah, Mrs Paulyn Ugbodagha, and Mrs Mary Lawrence-Dokpesi.
READ ALSO
’19 Mths After Burying Mum;’ Dangote Group’s Spokesperson, Roseline Okere, Dies
Cabals Behind Blowing Up Of Power Transmission Substations – Adelabu
‘Go Ahead,’ MTN, Others Get NERC Nod To Generate Electricity
‘It’s Fake News’, Ganduje Responds To 2027 Presidential Posters
Others are Mrs Faith Ikems, Mr Imoni Amarere, Mr John Iwarue and Mr Johnson Onime with effect from 31st October 2024.
Here below is the memo.
DAAR Communications, owners of Raypower FM, AIT and Faaji FM have pushed out this statement on the retirement of ten of its Executive Directors
“DAAR Communications PLC (the Company) wishes to notify the Nigerian Exchange Limited (NGX or The Exchange), its esteemed Shareholders and the General Public that sequel to online platforms publications, the Board and Management of DAAR Communications PLC (owners of AIT, Raypower and Faaji FM) wishes to state as follows:
1. That a decision has been taken to retire members of executive management who have spent over 10-years in executive capacity in compliance with the Code of Corporate Governance as well as the Company’s Internal Control Policies and Procedures Manual.
2. As such, the Company wishes to announce the retirement of the following members of its Executive Management: Mr Tony Akiotu, Dr Oluwatosin Dokpesi, Dr Ambrose Somide, Engr Anthony Uyah, Mrs Paulyn Ugbodagha, Mrs Mary Lawrence-Dokpesi, Mrs Faith Ikems, Mr Imoni Amarere, Mr John Iwarue and Mr Johnson Onime with effect from 31st October 2024, following the completion of their regulatory prescribed tenure of two terms of five years.
3. The Board is indeed grateful to all affected members for their invaluable contributions to the Company during their tenure in the management and wishes them the very best in their future endeavours.
4. The Company is working on a major restructuring of its leadership and once this is concluded, The Exchange, other regulatory authorities, its Shareholders and the General Public would be notified of such changes” accordingly.
Signed:
Miji Jonah, Esq
Company Secretary
DAAR Communications PLC
