Dokpesi Jr raises alarm over ‘tampered’ DAAR records at CAC…

Raymond Dokpesi Jr., chairman of DAAR Communications Plc, expressed concern over what he described as gross manipulation of the company’s share registers on the Corporate Affairs Commission (CAC) portal.

The indictment comes weeks after the CAC revealed it was looking into a cybersecurity breach involving unauthorized access to parts of its systems.

In a statement released on Tuesday, Dokpesi Jr. said the company discovered an unexplained alteration in its shareholding structure on the CAC portal. According to him, the total shares increased from 4,890,523,000 to 5,016,418,000, an addition of 125,895,000 shares without clear justification.

He warned that the issue goes beyond a family disagreement, describing it as a threat to corporate transparency and market integrity.

Alleged secret real estate management

Dokpesi Jr. further claimed that the changes were part of an attempt to redistribute the estate of his late father, Raymond Aleogho Dokpesi, without due legal process.

He explained that although the late media mogul held controlling interests in DAAR Investment & Holding Company Limited (DIHL), such shares were being reassigned electronically despite the absence of probate or letters of administration from a competent court.

According to him, using the CAC portal in this way is tantamount to bypassing the Probate Registry, stressing that such actions are inconsistent with the provisions of the Companies and Allied Matters Act (CAMA) 2020.

Dokpesi Jr. further alleged that shares belonging to both his late father and the late Captain Adamu Biu were redistributed without lawful authorization, stressing that under Nigerian law, deceased persons cannot carry out share transfers without court approval.

Concerns about transparency and access

The DAAR president criticized what he called the CAC’s lack of transparency, claiming that his team was denied access to inspect the physical documents used to make the disputed changes.

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It said that despite petitions, legal notices and engagements with CAC officials since October 2025, no corrective measures had been taken.

It also said that further alterations continued to appear on the portal even after the complaints were filed, raising suspicions of possible unauthorized access or internal compromise.

Dokpesi Jr. added that several people listed as beneficiaries of the disputed entries, including William Igbekhai Dokpesi, Raji Dokpesi and Halima Dokpesi, denied any involvement and supported requests for document rectification. He noted that only Peter Dokpesi defended the current register.

Petitions to regulators

In a separate statement, DIHL said it had formally notified key regulatory bodies, including the Securities and Exchange Commission, the Nigerian Exchange Limited and the CAC, as well as security agencies, about the alleged irregularities.

The company urged authorities to ignore any ownership documents that do not align with verified documents, provide a full audit trail of transactions, block further changes to affected entries and investigate those responsible.

The DIHL has warned that the situation could undermine confidence in Nigeria’s corporate governance system and called on businesses nationwide to review their corporate records for any discrepancies.

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