Dokpesi Jr, Ex-GMD Akiotu Clash Over DAAR Communications Mgt Restructuring

Dokpesi Jr, Ex-GMD Akiotu Clash Over DAAR Communications Mgt Restructuring

A public dispute has erupted at DAAR Communications Plc as Chairman Raymond Dokpesi Jr and former Group Managing Director, High Chief Tony Akiotu, publicly clashed over the company’s recent management restructuring, raising questions about corporate governance and the legacy of Nigeria’s pioneering media organisation.

Speaking in Abuja, Dokpesi Jr defended the executive shake-up, stating he has “no regrets” about the decisions made following the sudden death of the company’s founder, Raymond Aleogho Dokpesi Sr. He described the departure of long-serving executives as a difficult but necessary step to ensure stability, investor confidence, and future growth. The chairman noted that the company faced challenges after his father’s passing, including declining share value and reduced investor confidence, and emphasised that the transition process was carefully managed to minimise tension.

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Dokpesi Jr acknowledged that the exiting executives were owed salary arrears and other entitlements, which the organisation has been settling, amounting to billions of naira accumulated over their 15-year tenure. He explained that the restructuring allowed the company to prioritise outstanding obligations and improve operational efficiency, with most business units now financially independent and others expected to achieve autonomy before the end of the year. “I will continue to apologise to Mr Tony Akiotu and the affected management staff for any hurt feelings,” he said, “but I have no regrets — the results validate the decision.”

In response, Akiotu criticised Dokpesi Jr’s statement as unfair and misleading. He argued that it was inappropriate for a chairman who presided over board meetings and approved management memos to later accuse the same leadership team of mismanagement. Akiotu highlighted that all major operational and financial decisions during his tenure were subject to board approval, and that the team had contributed significantly to the company’s growth into a national and international media brand, with operations spanning Nigeria, the United Kingdom, and the United States.

Akiotu also noted that while executive retirements may be permissible under corporate regulations, the public portrayal of their tenure overlooked the sacrifices made to build one of Nigeria’s pioneering broadcast institutions. “If Raymond Dokpesi Jr believes we played no part in the growth of the company, we leave it to Nigerians and history to make that judgment,” he said.

Industry observers say the dispute underscores ongoing debates about corporate governance, leadership succession, and strategic reform within DAAR Communications, which continues to be a major player in Nigeria’s broadcast media sector. Both parties have called for dialogue, but the public nature of the clash has drawn attention across the media and business community, with speculation over potential boardroom changes and the company’s future direction.

Dokpesi Jr, Ex-GMD Akiotu Clash Over DAAR Communications Mgt Restructuring