Monday, 9 January 2017

BREAKING: Buhari sacks Obazee as executive secretary of FRC, announces replacement

The executive secretary of the Financial
Reporting Council of Nigeria, Jim Obazee,
has been sacked by President Muhammadu Buhari.    


Adedotun Sulaiman has been appointed
as chairman and Daniel Asapokhai as
the new executive secretary for the
council.
This was disclosed in a statement by
Garba Shehu, the senior special
assistant to the president on media and
publicity.
Sulaiman was a former managing
partner/director of Arthur Anderson
and later, Accenture. He is a chartered
accountant. He is a graduate of the
University of Lagos and Harvard
Business SchoolAsopokhai is a partner and a financial
reporting specialist at the
PricewaterHouseCoopers (PWC),
Nigeria. He is a graduate of the
University of Lagos and the University
of Pretoria.
Buhari has also instructed the Minister
of Industry, Trade, and Investment to
invite the 19 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.
Recall that earlier report disclosed that
the Minister of Industry, Trade and
Investment, Okechukwu Enelamah, and
Obazee were at loggerhead over a
regulation by the FRCN which stipulates
20 years tenure for heads of religious
groups and civil society groups in the
country.
This regulation was the reason Pastor
Enoch Adeboye of the Redeemed
Christian Church of God made Pastor
Joseph Obayemi the national overseer of
the church in Nigeria.
Enelamah was said to have written the
FRC boss asking him not to implement
the controversial regulation but Obazee
refused the instruction of the minister..