The President of Nigeria, Muhammadu Buhari has wielded into the ongoing term limit controversy rocking the very foundation of Nigerian Churches leadership structures by firing the Chairman of Financial Reporting Council of Nigeria (FRN), Mr. Jim Obazee, responsible for enforcing the cited law responsible for sudden retirement of Pastor Enoch Adejare Adeboye as General Overseer of the Redeemed Christian Church of God (RCCG) in Nigeria.
The relatively unknown law, which limited the headship of None Governmental and Non-profit-making organisations including religious bodies in Nigeria to 20 years sent shock waves across the Christian community in the country who were not aware of the Actualisation.
But a statement just issued in Abuja by Senior Special Assistant to the President (Media and Publicity), Mr. Garba Shehu, on Monday, says that the FRN Board of the Council has been dissolved and immediately reconstituted.
The statement titled: ‘Buhari Approves the Reconstitution of the Financial Reporting Council of N’, read:
“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 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 (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.”