Mr. Obazee, Financial Reporting Council, Nigeria, has been sacked by President Muhammadu Buhari. His sack came about 48 hours after implementation of his agency’s law that led to the exit of Nigeria’s most influential and highly respected Clergyman, Pastor Enoch Adejare Adeboye.
Mr. Adeboye resigned as the General Overseer of the Redeemed Church in Nigeria on Saturday, but retained oversight of the global arm of the church. The FRC rule is established by the Financial Reporting Council, Nigeria, Act No 6, 2011.
The council, which is under the supervision of the Federal Ministry of Industry, Trade and Investment, is responsible for, among others, developing and publishing accounting and financial reporting standards to be observed in the preparation of financial statements of public entities in Nigeria and for related matters.
The Governance Code of 2016 put in place by the agency to implement the Act encompasses three sectors: the private, the public and not-for-profit.
This latest development has however shut the mouths of some unscrupulous people who are of the opinion that the law would have a great effect on the revered, Pastor Mobiyina Friday Oshoffa, Spiritual Head, CCC Worldwide as the Government Corporate Code which led to relinquishing power of Pastor Adeboye to another member of RCCG has been put on hold for review.
So, at Ketu, the International Headquarters of Celestial Church of Christ, the situation is under control and the authorities are well informed on the goings.
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