DAAR Comms: Dokpesi Apologises To Akiotu, Defends Management Shake-up
Chairman of the Board of DAAR Communications Plc, Raymond Dokpesi Jr, has apologised to Tony Akiotu and different former members of the corporate’s administration over how their exit was dealt with, however maintained that he has no regrets in regards to the management adjustments applied after his father’s dying.
Dokpesi Jr mentioned the choices have been essential to stabilise the organisation and restore investor confidence following what he described as a interval of decline.
Talking to journalists in Abuja throughout his bid for the chairmanship of the Broadcasting Organisations of Nigeria (BON), he defined that the sudden dying of his father, Excessive Chief Raymond Aleogho Dokpesi Sr, coincided with an emergency board assembly convened with out his information, forcing him to intervene to guard the corporate.
He disclosed that on Could 29, 2023—the day his father died and President Bola Tinubu was inaugurated—DAAR Communications’ share value had fallen sharply from ₦5 to twenty kobo, reflecting eroded investor confidence.
In line with him, the state of affairs made decisive motion unavoidable, noting that sentiment couldn’t override the necessity for survival and long-term progress.
Dokpesi Jr acknowledged that the transition course of was tough, lasting over a yr, and complex by inner resistance, excellent wage obligations and tensions inside the organisation.
He mentioned 4 out of the corporate’s six enterprise arms are actually totally self-sufficient, whereas the remaining two are steadily progressing towards {financial} independence, a improvement he described as proof that the choices taken have been right.
Whereas repeatedly apologising to Akiotu and different exited executives for any harm emotions, Dokpesi Jr insisted that the management overhaul was the suitable selection and has helped stabilise the corporate and restore confidence.
He added that if elected BON chairman, he would apply comparable rules of session, consensus-building and stability to strengthen Nigeria’s broadcasting trade.
By Friday Olokor
Times Nigeria