President Muhammadu Buhari has approved the immediate removal and the replacement of the Executive Secretary, Jim Obazee, and the reconstitution of the board of the Financial Reporting Council of Nigeria.
Buhari appointed a Chairman and a new Executive Secretary for the council.
This is coming two days after the brouhaha of a code in the FRC regulations, which led to the stepping aside of the General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adejare Adeboye, from presiding over the church in Nigeria.
The new Council as approved by the President has Adedotun Sulaiman, as Chairman.
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 Daniel Asapokhai as the Executive Secretary of the Council.
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.
President 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.
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