Buhari sacks FRC boss, Jim Obazee
President Muhammadu Buhari has sacked Executive Secretary, Financial Regulatory Council of Nigeria (FRCN) Mr. Jim Obazee following issues arising from code of corporate governance which the council was championing.
Buhari had, in a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu, on Monday, approved the immediate removal and the replacement of Obazee.
According to the statement, the new Council, as approved by the President, has Mr. Adedotun Sulaiman as chairman.
The President has also approved the appointment of Mr. Daniel Asapokhai as the Executive Secretary of the council to replace Obazee
Sulaiman is 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.
Asopokhai is a partner and a Financial Reporting Specialist at the PriceWaterHouseCoopers Nigeria.
He is a product of the University of Lagos and the University of Pretoria.
Shehu said Buhari had also instructed the Minister of Industry, Trade, and Investment, to invite the 19 Ministries, Departments and Agencies of the Federal Government and private sector organisations specified in the FRC Act to nominate members of the board of the council.
Recall that Pastor Enoch Adeboye of the Redeemed Christian Church of God (RCCG) had, on Saturday, stepped down as the overseer of the church in Nigeria in accordance with the governance code of the FRC.