After hours of uncertainty over the retirement story at DAAR Communications PLC, which did the rounds on Monday morning, the company has now confirmed the retirement of members of its executive management.
The retirement, the company said, was with effect from October 31, 2024.
A statement on Monday signed by the company’s secretary, Miji Jonah, said this was in compliance with the Code of Corporate Governance as well as company’s internal control policies and procedures manual. 
The statement said the affected officials had spent over 10 years in such capacity.
Those affected included Tony Akiotu, Oluwatosin Dokpesi, Ambrose Somide, Anthony Uyah, Paulyn Ugbodaga, Mary Lawrence-Dokpesi, Faith Ikems, Imoni Amarere, John Iwarue and Johnson Onime..
“DAAR Communications PLC expresses gratitude to all retiring Executive members for their invaluable contributions to the Company during their tenure in management and wishes them the very best in their future endeavours,” the company said.
The statement added that the media conglomerate was working on major restructuring of its leadership.
It said that as soon as it was concluded, the Nigerian Exchange Limited (NGX) and other regulatory authorities, its shareholders, and the public would be accordingly notified.
