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), Jim Obaze, who is being replaced by Daniel Asapokhai.
He has appointed 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 (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.
Obaze’s removal was in connection with the reorganisation at the Redeemed Christian Church of God, RCCG in which its General Oversea, Pastor Adejare Adeboye allegedly relinquished his position based on the provisions of the FRCN Act.
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