President Muhammadu Buhari has sacked the Executive Secretary of the board
of the Financial Reporting Council of Nigeria (FRN), Jim Obazee and
ordered his replacement immediately.
Obazee’s decision to enforce the FRCN regulation on churches led to Pastor
Enoch Adeboye appointing a New General Overseer for the Redeemed Christian
Church of God, RCCG, on Saturday in the person of Pastor Joseph Obayemi.
The president ordered the reconstitution of the board and the replacement
of Obazee with Mr Adedotun Sulaiman, as Chairman.
This is contained in a statement issued on Monday by Garba Shehu, Senior
Special Assistant to the President on Media and Public.
According to the statement, 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 statement said Buhari had 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,”
the statement said.