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| Jim Obazee |
The executive secretary of the Financial Reporting
Council of Nigeria Mr. Jim Obazee has been relieved of his appointment.
In a statement issued by President Muhammadu Buhari spokesman Garba Shehu Monday announced Obazee’s
replacement as Mr. Daniel Asapokhai, a partner and a Financial Reporting
Specialist at the PricewaterHouseCoopers (PWC), Nigeria.
The statement said Mr Adedotun Sulaiman, will serve as
the board chairman. He was a former
Managing Partner/Director of Arthur Anderson and later, Accenture. He is a
Chartered Accountant and a product of the University of Lagos and Harvard
Business School.
President Muhammadu Buhari has 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.
Obazee has been in the eye of the
storm since his council was linked with the controversial resignation of Pastor
Enoch Adeboye as the General Overseer of the Redeemed Christian Church of God.
The council has been implementing a
Governance Code introduced by the Council
that stipulates a maximum 20 year tenure for heads of churches and civil
society organisations.
Adeboye was the first to announce
his retirement based on the rule and this stirred confusion and controversy
within his church and outside.
Many church leaders are opposed to
the rule.
NAN
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