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.

The president also ordered the reconstitution of the council.

Buhari has sacked Obazee as executive secretary of FRC and announced his replacement

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 School.

Asopokhai 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 FRCNwhich 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.