Pastor Adeboye: Buhari Fires Jim Obazee, FRC Boss

Pastor Adeboye: Buhari Fires Jim Obazee, FRC Boss

Following the retirement of the General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye due to the questionable Corporate Governance Code by the Finance Reporting Council of Nigeria, President Muhammadu Buhari has fired the Executive Secretary of the council, Mr. Jim Osayande Obazee.

The president through a statement by his Senior Special Assistant, Mallam Garba Shehu did not only relieve Obazee of his position, it also directed the immediate reconstitution of the council’s board.

The statement also directed the suspension of the Corporate Governance Code, CCG, FRCN for a review and adequate consultations with stakeholders.

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FRCN is one of the parastatals under the supervision of the Ministry of Industry, Trade and Investment and its major job is to set standards and ensure that corporate institutions comply with the country’s accounting, financial reporting and auditing system.

It works in tandem with the Institute of Chartered Accountant of Nigeria. However its corporate governance code had become a source of worry since it forced Adeboye to retire last weekend.

The retirement had thrown up serious debate among stakeholders who thought that the government intervention into church and mosque matters was becoming unbearable.

According to the statement, a copy of which was sent to the Minister of Industry, Trade and Investment, Dr. Okechukwu Enalema, President Muhammadu Buhari, has approved Mr Adedotun Sulaiman as the new council chairman, and Mr. Daniel Asapokhai as the new Executive Secretary of the Council, replacing Obazee.

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President Buhari also instructed Enelama to invite the 19 ministries, departments and agencies of the Federal Government and private sector organisations specified in the FRCN Act to nominate their representatives to fill the remaining vacancies on the board of the Council.

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