DAAR Communications Plc has dismissed reports suggesting manipulation of its corporate records following an alleged cyber-related issue involving the Corporate Affairs Commission (CAC) portal, stating that no unauthorised changes to its shareholding structure have been approved or recognised by the company.
In a statement released on May 6, 2026, the company clarified that it neither authorised nor contributed to an online publication dated April 29, 2026, which referenced comments allegedly made by the Corporate Affairs Commission concerning DAAR Communications’ records.
The company said it had earlier notified the Nigerian Exchange Limited (NGX), the Securities and Exchange Commission (SEC), and the Corporate Affairs Commission (CAC) after discrepancies were discovered in its shareholding records displayed on the CAC portal.
According to the company, the records currently reflected on the CAC platform do not correspond with its official records and remain subject to ongoing engagement with regulators and relevant authorities.
DAAR Communications stressed that no adjustment to its ownership structure had been approved by the board or processed through statutory procedures required under Nigerian law.
The broadcaster added that all filings submitted to the Corporate Affairs Commission were made in compliance with existing legal and regulatory requirements.
The company also assured shareholders and the investing public that its operations remain stable despite the controversy surrounding the records.
It said all broadcasting, commercial and digital operations across its platforms continue without disruption or operational impact linked to the reported discrepancies.
DAAR Communications further reaffirmed its commitment to regulatory compliance and corporate governance standards under the Companies and Allied Matters Act (CAMA 2020) and the Nigerian Code of Corporate Governance.
The company said it would continue to work with regulators, including the SEC, CAC and NGX, through official channels to resolve the matter and clarify any inconsistencies associated with the portal records.
DAAR Communications advised shareholders and investors to rely only on official disclosures released through approved regulatory platforms and the company’s authorised communication channels.
The media company added that it would continue to keep the market informed of any material developments in line with its disclosure obligations to the investing public.
