Jim Obazee

The Executive Secretary of the Financial Reporting Council of Nigeria, Mr. Jim Obazee, has been fired over the resignation of Adeboye as the national General Overseer of Redeemed Christian Church of God (RCCG).

Report says that the President has ordered a reconstitution of the FRC board.

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Jim Obazee’s sack was announced in an official statement by the presidency through the Senior Special Assistant to the President on Media and Publicity, Garba Shehu.

“President Muhammadu Buhari has approved the immediate removal and replacement of the Executive Secretary and the reconstitution of the board of the Financial Reporting Council of Nigeria.”

For his replacement, Buhari has appointed Daniel Asapokhai as the Executive Secretary of the Council. A new Council chairman in the person of Adedotun Sulaiman has equally been appointed.

“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.”

“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, Nigeria.”

Before the sack, Jim Obazee reportedly had a disagreement with Okechukwu Enelamah, Minister of Industry, Trade and Investment, over the regulation.

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According to The Punch, the Minister had written the FRC boss in October, asking him to suspend the “controversial regulation”. Obazee insisted on implementing the law “because there was no gazette that indicated that it had been amended or suspended”.

The law was condemned by CAN amongst other top Nigerian dignitaries. The association described the law as an attack on the church.

“…We feel strongly that the law is targeted at weakening the church in Nigeria and ensure that the generals of the church, who have the vision of developing the church, are pulled off to make churches and members vulnerable to attacks.”

“It is difficult for the church to keep quiet on such laws.” – CAN.