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 (FRN). He has appointed a Chairman and a new Executive Secretary for the council.

The new Council as approved by the President has Mr Adedotun Sulaiman, MFR as Chairman.

It may be recalled that Jim Obazee is the one that made the law that led to Pastor Adeboye’s resignation as General Overseer of RCCG in Nigeria last week.

Mr. 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 Mr. Daniel Asapokhai as the Executive Secretary of the Council.

Mr. 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.

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