Nigeria, April 30 -- The majority owner of Daar Communications Plc, Daar Investment & Holding Company (DIHL), alleged on Tuesday that the manipulation of the media and entertainment company's shareholding structure at the Corporate Affairs Commission (CAC).

Daar Communications operates African Independent Television and Ray Power FM.

DIHL stated in a statement issued to the Securities and Exchange Commission, Nigerian Exchange Limited, First Registrars (registrar to Daar Communications), the CAC, investigative agencies and the investing public that there has been an illegal redistribution of the shares held in the entity by Raymond Aleogho Dokpesi, its late founder, and late Adamu Biu.

Alterations to the original shareholding were exec...