Daar Communications PLC, an independent privately owned broadcasting organization in Nigeria, has mandated the retirement of five key directors who have held executive roles in the company for 10 years or more.
Affected by the decision are Tony Akiotu, Tosin Dokpesi, Ambrose Somide, Paulyn Ugbodaga, and Tony Uyah.
Daar Communication is the parent company of Africa Independent Television (AIT) and Ray Power.
The decision takes effect in November.
Tosin Dokpesi is the widow of the late Chief Raymond Dokpesi, the company’s founder, who passed on May 29, 2023.
He fell off his treadmill during a routine gym exercise.
His son, Raymond Dokpesi Jr., who has served as the company’s chairman since 2019, has overseen the organization during challenging times, including a financial loss of N1.6 billion reported for the year ending December 31, 2023.
