₦airaland Forum

Raymond Dokpesi Jr, Chairman of DAAR Communications, has defended the management shake-up following the sudden passing of his father, Chief Raymond Aleogho Dokpesi Sr, saying the tough decisions were necessary to stabilise the company and secure its future.

Speaking in Abuja, Dokpesi Jr explained that the exit of long-serving executives, including Mr. Tony Akiotu, was a difficult but inevitable step to ensure the continuity and growth of the organisation. The transition, he said, was carefully managed to avoid tensions and maintain investor and stakeholder confidence.

He revealed that the company faced serious challenges immediately after his father’s death, including a sharp drop in investor confidence and declining share prices. Dokpesi recounted that he was drawn into both family responsibilities and urgent company matters, only to discover that the company secretary had convened an emergency board meeting without his knowledge—prompting him to consider formal petitions to safeguard corporate governance.

Finalising the exit of the long-serving management team took over 14 months, allowing him to balance company stability with family mourning and staff emotions.

“It is also true that whilst leaving, they had salary arrears and other obligations which we as an organisation had to fulfil. But they had led management for the past 15 years and had built up salary arrears into billions,” he said.

Apologising to the former executives, he added: “I will continuously apologise to Mr. Tony Akiotu and the exited management staff for any feelings that were hurt by the actions taken. But without regrets, I believe it was the right decision, and the proof is in the pudding—which we are already tasting, and it tastes sweet.”

Dokpesi said the leadership changes enabled the company to prioritise salary obligations and strengthen operational autonomy. He noted that DAAR Communications has since made steady progress, with most business units now self-sufficient and others on track to achieve full independence by year-end.

The chairman credited the recovery and improved operational efficiency to decisive corporate governance measures taken during the transition and highlighted that rising share prices reflect returning investor confidence, signalling that the organisation is steadily regaining its footing.

Tunaji:
Raymond Dokpesi Jr, Chairman of DAAR Communications, has defended the management shake-up following the sudden passing of his father, Chief Raymond Aleogho Dokpesi Sr, saying the tough decisions were necessary to stabilise the company and secure its future.

Speaking in Abuja, Dokpesi Jr explained that the exit of long-serving executives, including Mr. Tony Akiotu, was a difficult but inevitable step to ensure the continuity and growth of the organisation. The transition, he said, was carefully managed to avoid tensions and maintain investor and stakeholder confidence.

He revealed that the company faced serious challenges immediately after his father’s death, including a sharp drop in investor confidence and declining share prices. Dokpesi recounted that he was drawn into both family responsibilities and urgent company matters, only to discover that the company secretary had convened an emergency board meeting without his knowledge—prompting him to consider formal petitions to safeguard corporate governance.

Finalising the exit of the long-serving management team took over 14 months, allowing him to balance company stability with family mourning and staff emotions.

“It is also true that whilst leaving, they had salary arrears and other obligations which we as an organisation had to fulfil. But they had led management for the past 15 years and had built up salary arrears into billions,” he said.

Apologising to the former executives, he added: “I will continuously apologise to Mr. Tony Akiotu and the exited management staff for any feelings that were hurt by the actions taken. But without regrets, I believe it was the right decision, and the proof is in the pudding—which we are already tasting, and it tastes sweet.”

Dokpesi said the leadership changes enabled the company to prioritise salary obligations and strengthen operational autonomy. He noted that DAAR Communications has since made steady progress, with most business units now self-sufficient and others on track to achieve full independence by year-end.

The chairman credited the recovery and improved operational efficiency to decisive corporate governance measures taken during the transition and highlighted that rising share prices reflect returning investor confidence, signalling that the organisation is steadily regaining its footing.

https://www.vanguardngr.com/2026/02/tough-decisions-saved-daar-communications-from-collapse-dokpesi-jr/

Ejlove4u:
Ok noted.... E no go better for APC supporters

Ejlove4u:
Ok noted.... E no go better for APC supporters

Tunaji:
https://www.vanguardngr.com/2026/02/tough-decisions-saved-daar-communications-from-collapse-dokpesi-jr/

atobs4real:
They really cash out in the past but today have affected

zoedew:
I doubt you were born when your father went all over Nigeria cap in hand raising one naira each from Nigerians to keep Daar comm going. When via political patronage AIT found its feet your father did not deem it fit to celebrate Nigerians who contributed to the AIT success story. Listen, you will take that route again . Reason is, a house built on shifting sands like Daar Comms will not stand! It will collapse sooner than later! By the way, Tony Akiotu stayed too long on the potty! He should have known that it was family business and the serial polygamist that Rayyyyyyyy Power was will have several children claiming to be his! ONLY A FOOLISH MAN MARRIES MORE THAN ONE WIFE AND STILL THINK HE IS THE ONLY MAN STAYING UNDER THE DUVET WITH THEM! YEYENATU!!! EVEN DRIVERS HAVE A GO!!! How can one man sexually cover the ground with several women he says are his wives! Even In Yorubaland the Traditional Ruler who keeps a harem of women know which are his among the several children his wives give birth to in the Palace! While some of the children belong to the Palace Chiefs even cleaners in the Palace have theirs! What a mess when men refuse to to follow God!

sleek214:
What's this one saying?. Agbaka

Ejlove4u:
Ok noted.... E no go better for APC supporters

Ola9ja23:
No more ban on NL ?


Why cursing people bcs of their political choices?

lordm:
Is this how you people play politics. So anyone that doesn't support your candidate should be cancelled or wished bad luck. Na wa o

zoedew:
I doubt you were born when your father went all over Nigeria cap in hand raising one naira each from Nigerians to keep Daar comm going. When via political patronage AIT found its feet your father did not deem it fit to celebrate Nigerians who contributed to the AIT success story. Listen, you will take that route again . Reason is, a house built on shifting sands like Daar Comms will not stand! It will collapse sooner than later! By the way, Tony Akiotu stayed too long on the potty! He should have known that it was family business and the serial polygamist that Rayyyyyyyy Power was will have several children claiming to be his! ONLY A FOOLISH MAN MARRIES MORE THAN ONE WIFE AND STILL THINK HE IS THE ONLY MAN STAYING UNDER THE DUVET WITH THEM! YEYENATU!!! EVEN DRIVERS HAVE A GO!!! How can one man sexually cover the ground with several women he says are his wives! Even In Yorubaland the Traditional Ruler who keeps a harem of women know which are his among the several children his wives give birth to in the Palace! While some of the children belong to the Palace Chiefs even cleaners in the Palace have theirs! What a mess when men refuse to to follow God!

Tunaji:
I'm Tunaji, the poster. Not the biracial guy quote the information without tunaji, please

zoedew:
I doubt you were born when your father went all over Nigeria cap in hand raising one naira each from Nigerians to keep Daar comm going. When via political patronage AIT found its feet your father did not deem it fit to celebrate Nigerians who contributed to the AIT success story. Listen, you will take that route again . Reason is, a house built on shifting sands like Daar Comms will not stand! It will collapse sooner than later! By the way, Tony Akiotu stayed too long on the potty! He should have known that it was family business and the serial polygamist that Rayyyyyyyy Power was will have several children claiming to be his! ONLY A FOOLISH MAN MARRIES MORE THAN ONE WIFE AND STILL THINK HE IS THE ONLY MAN STAYING UNDER THE DUVET WITH THEM! YEYENATU!!! EVEN DRIVERS HAVE A GO!!! How can one man sexually cover the ground with several women he says are his wives! Even In Yorubaland the Traditional Ruler who keeps a harem of women know which are his among the several children his wives give birth to in the Palace! While some of the children belong to the Palace Chiefs even cleaners in the Palace have theirs! What a mess when men refuse to to follow God!

zoedew:
I doubt you were born when your father went all over Nigeria cap in hand raising one naira each from Nigerians to keep Daar comm going. When via political patronage AIT found its feet your father did not deem it fit to celebrate Nigerians who contributed to the AIT success story. Listen, you will take that route again . Reason is, a house built on shifting sands like Daar Comms will not stand! It will collapse sooner than later! By the way, Tony Akiotu stayed too long on the potty! He should have known that it was family business and the serial polygamist that Rayyyyyyyy Power was will have several children claiming to be his! ONLY A FOOLISH MAN MARRIES MORE THAN ONE WIFE AND STILL THINK HE IS THE ONLY MAN STAYING UNDER THE DUVET WITH THEM! YEYENATU!!! EVEN DRIVERS HAVE A GO!!! How can one man sexually cover the ground with several women he says are his wives! Even In Yorubaland the Traditional Ruler who keeps a harem of women know which are his among the several children his wives give birth to in the Palace! While some of the children belong to the Palace Chiefs even cleaners in the Palace have theirs! What a mess when men refuse to to follow God!

seborrhic:
Is DAAR still operational?
Who even still watches that TV and whose companies still advertise with them?
How can any company advertise in a TV station that is rarely watched and even at that by an insignificant proportion of an already an already minuscule Nigerian TV audience?
Asides the elderly,how many people still watch Nigerian TV stations.In the market DAAR may still have audience,the morning segment of it's programming,Arise and Channels have almost pushed it out of existence.
They are now competing with NTA.
Where is this guy going to get the funds to continue running multiple media outlets that can't raise money to keep it operational,talk less of paying staff.
DAAR was chiefly sustained by political patronage,once that faded away with the exit of PDP,funds dried up.
It never was a self sustaining business.
I also fear that once the banks come calling one day,this guy may find himself without any assets.

zoedew:
I doubt you were born when your father went all over Nigeria cap in hand raising one naira each from Nigerians to keep Daar comm going. When via political patronage AIT found its feet your father did not deem it fit to celebrate Nigerians who contributed to the AIT success story. Listen, you will take that route again . Reason is, a house built on shifting sands like Daar Comms will not stand! It will collapse sooner than later! By the way, Tony Akiotu stayed too long on the potty! He should have known that it was family business and the serial polygamist that Rayyyyyyyy Power was will have several children claiming to be his! ONLY A FOOLISH MAN MARRIES MORE THAN ONE WIFE AND STILL THINK HE IS THE ONLY MAN STAYING UNDER THE DUVET WITH THEM! YEYENATU!!! EVEN DRIVERS HAVE A GO!!! How can one man sexually cover the ground with several women he says are his wives! Even In Yorubaland the Traditional Ruler who keeps a harem of women know which are his among the several children his wives give birth to in the Palace! While some of the children belong to the Palace Chiefs even cleaners in the Palace have theirs! What a mess when men refuse to to follow God!