DAAR Communications Plc
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DAAR Communications plc is an independent
privately owned A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is ...
broadcasting organization in
Nigeria Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf o ...
. It was established on 31 August 1998, by
Raymond Dokpesi Chief Raymond Anthony Aleogho Dokpesi (born 25 October 1951) in Ibadan is a Nigerian media entrepreneur. His parents are from Agenebode, Edo state in a family including six sisters siblings. He entered the Nigerian mass media industry with hi ...
. On 23 April 2007, it was converted into a public liability company. It pioneered
Africa Independent Television Africa Independent Television, also known by its acronym AIT, is a privately owned television broadcaster in Nigeria. It operates Free To Air in Nigeria as the largest privately operated terrestrial television network with stations in twenty-fou ...
(AIT), Ray power 100.5 FM Abuja and Raypower 100.5 FM. The company is listed on the
Nigerian Stock Exchange The Nigerian Stock Exchange (NSE) now Nigerian Exchange Group is a Nigerian stock exchange founded in 1961 in Lagos. As of November 2019, it has a total of 161 listed companies, with 8 domestic companies on the premium board, 144 companies on the ...
. The DAAR communication Plc was penalized with a fine of ₦500,000 in July 2018 with two weeks optimum. The fine was imposed by the
National Broadcasting Commission The National Broadcasting Commission is the broadcast regulator of the Federal Republic of Nigeria. The commission was set up on August 24, 1992, by Decree 38 of 1992 later amended as an act of the National Assembly by Act 55 of 1999 and now known ...
as a result of alleged infringement on the provisions of the Nigeria Broadcasting Code. The Director-General of NBC, Mallam Is’haq Modibbo Kawu, claimed that the fine was imposed "following the persistent and flagrant infringement of the provisions of the Nigeria Broadcasting Code through the use of provocative, inflammatory and divisive comments by anchors on the Raypower programme, Political platform".


References

Companies listed on the Nigerian Stock Exchange {{Nigeria-company-stub