President Muhammadu Buhari has approved the sack of the Secretary, Financial Reporting Council of Nigeria (FRC) Mr. Jim Obazee with immediate effect.
This is coming barely two days after the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye resigned his leadership of the Nigerian arm of the church following a new policy by the Council (FRC).
FRC, which guides all registered churches, mosques, and CSOs had in a new legal requirement stipulated that heads of non-profit organisations like churches, will only have a maximum period of twenty years to lead their organisations while in retirement, they are not permitted to hand over to their families.
It was based on this new law that Pastor Adeboye after 35 years reign as RCCG GO, on Saturday announced his resignation as the Nigerian chapter of the church leader, but remains the GO of the church worldwide.
The new regulation has sparked outrage among members of the church since Adeboye’s resignation.
However, President Buhari on Monday approved the immediate removal and replacement of the Executive Secretary and the reconstitution of the board of the FRC of Nigeria. He also appointed a chairman and a new executive secretary for the council.
The new council as approved by the President has Mr Adedotun Sulaiman, MFR, who was a former Managing Partner/Director of Arthur Anderson and later, Accenture, and also a Chartered Accountant from the University of Lagos and Harvard Business School as Chairman.
Also approved as the council executive secretary by the President, is Mr. Daniel Asapokhai; he is a partner and a Financial Reporting Specialist at the PricewaterHouseCoopers (PWC), Nigeria.
This was contained in a statement released by Senior Special Assistant to the President on Media and Publicity, Garba Shehu.
The statement went further to reveal that the President also instructed the Minister of Industry, Trade, and Investment to invite the nineteen ministries, departments and agencies of the Federal Government and private sector organisations specified in the FRC Act to nominate members of the board of the council.
It would also Mr. Enelamah, and Obazee, had engaged in a face-off over the FRCN new regulation, which saw the exit of Adeboye.
it was gathered that the minister had written the FRCN boss, directing him to suspend the implementation of the controversial regulation, but that Obazee reportedly defied the instruction of the minister, insisting that the implementation of the regulation would go ahead.
Findings showed that Obazee said the implementation of the regulation could not be suspended because there was no gazette that indicated that it had been amended or suspended.
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