Financial Reporting Council (FRC) CEO bags ADM award
The executive secretary/CEO of the Financial Reporting Council of Nigeria (FRC), Mr. Jim Obazee, has emerged African Best Rated Leadership Personality of the Year in the public sector category.
In a statement signed by the media/communications consultant to FRC, Mr. Mack Ogbamosa, the award was bestowed on the FRC CEO by the African Development Magazine (ADM) in appreciation of his remarkable contributions to leadership/financial sector in Africa at a ceremony held in Accra.
Conferring the award on Obazee at the 5th ADM International Conference & Award of Excellence ceremony, the Publisher of the magazine, Mr. Ayo Ilesanmi described the award as a “mark of recognition of the roles the awardee has been playing as the CEO of FRC in sanitizing the nation’s financial sector through formulation and enforcement of financial standards.”
Obazee, on his part, dedicated the award to the members of staff of FRC, declaring that the award was in recognition of the crucial roles the Council’s staff “have been playing in ensuring that players in the economy play in accordance with the rules.”
He said the impact of FRC enforcement of accounting, auditing, actuarial and valuation standards are already being felt in this era of adherence to rules, regulations and standards.
Established under the Financial Reporting Act No. 6 of 2011, the FRC is charged with regulating accounting, auditing, actuarial and valuation standards as well as issue and maintain codes of corporate governance to ensure transparency and accountability in both public and private sectors of the country’s economy.
As executive/CEO of the FRC, Obazee has won many awards both within and outside the country for his doggedness and remarkable achievements in the Council by ensuring that businesses are conducted in the country in line with laid down rules and standards.
The awards include, African Par Excellence Award 2015 by the International Centre for Comparative Leadership for Africans & Blacks in Diaspora and Accolades International Magazine Limited, Public Administrator of the Year Award by ‘The Fashion & Life International Conference & Achievements Awards, Lifetime Achievement Award for Competency/Distinctiveness in Public service by ‘Nigeria Media Nite-Out Award 2015, among others.