The head of the Financial Reporting Council of Nigeria, FRC, Jim Obazee, has been sacked by Pres. Buhari. His sack comes about 48 hours af...
The head of the Financial Reporting Council of Nigeria, FRC, Jim Obazee, has been sacked by Pres. Buhari. His sack comes about 48 hours after implementation of his agency’s law led to the exit of Nigeria’s most influential Christian cleric, Enoch Adeboye.
Adeboye resigned as the G.O of RCCG in Nigeria on Saturday, but retained oversight of the global arm of the church. The FRC rule is established by the Financial Reporting Council, Nigeria, Act No 6, 2011.
The Governance Code of 2016 put in place by the agency to implement the Act encompasses three sectors: the private, the public and not-for-profit.
It is the not-for-profit sector, sometimes referred to as the Benevolent Sector, the Third Sector or the Civil Society Sector, that religious bodies fall under. Section 9.1. of the code states that “The Founder or Leader of a NFPO occupies a special position in the Organization and is committed to the success and longevity of the NFPO.”
Accordingly, a founder or leader should not take on too many responsibilities in the organization or have an indefinite term in the running of the organization, and is expected to not stay in office for more than 20 years.
On the day Mr. Adeboye’s exit was announced by the church, the cleric criticized the meddling of government in church matters. “The government has been showing increasing interest in church affairs. Unfortunately, for us in RCCG, it might not be very helpful,” he said.
Pres. Buhari announced the sack of the FRC boss in a statement by his spokesperson, Garba Shehu. Mr. Obazee is to be replaced by Daniel Asapokhai while a new board, headed by Adedotun Sulaiman was also constituted for the agency. No official reason was given for his sack. //
