Pres. Buhari sacks official who approved the new law that led to Adeboye resigning as RCCG GO

President Buhari has sacked the head of the Financial Reporting Council
of Nigeria, FRCN, Jim Obazee pictured above, after the council enforced a
law that led to the exit of Pastor E.A Adeboye as the General Overseer
of RCCG in Nigeria on Saturday January 7th.

Pastor Adeboye during the church’s Ministers thanksgiving, announced his
retirement as the General Overseer of the church only in Nigeria
following a new law that disallows leaders of a non-profit organization,
churches inclusive, to remain in office for more than 20 years.

Although the law was enacted in 2011, it had not been implemented by any
administration. Obazee is said to have had a clash with the Minister of
Industry, Trade and Investment, Okechukwu Enelemah, after he went ahead
with the enforcement of the law despite the minister’s position that
the law should not be enforced.

The sack of the council boss is contained in a statement signed by Shehu Garba..

President Muhammadu Buhari has approved the immediate removal and the
replacement of the Executive Secretary and the reconstitution of the
board of the Financial Reporting Council of Nigeria (FRN). He has
appointed a Chairman and a new Executive Secretary for the council.

The new Council as approved by the President has Mr Adedotun Sulaiman,
MFR as Chairman.

Mr. Sulaiman 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.

The President has also approved the appointment of Mr. Daniel Asapokhai
as the Executive Secretary of the Council.

Mr. Asopokhai is a partner and a Financial Reporting Specialist at the
PricewaterHouseCoopers (PWC), Nigeria.

He is a product of the University of Lagos and the University of
Pretoria.

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 organizations
specified in the FRC Act to nominate members of the board of the
council.