Obazee Not Sacked Because Of Adeboye - Presidency Reveals Why FRCN Boss Was Actually Fired

More revelations have emerged over the sudden removal of Jim Obazee as the Executive Secretary of the Financial Reporting Council of Nigeria, FRCN.

According to Presidency sources, Obazee was not fired by President Muhammadu Buhari because of the resignation of the General Overseer of the Redeemed Christian Church of God, RCCG, Pastor Enoch Adeboye but for ‘procedural breaches.’

Vanguard quoted sources as saying that Obazee was sacked based on advice of the Attorney General of the Federation.

The source said the decision to sack Obazee was taken before Adeboye appointed a new leader for the ministry.

The source said: “The sack of Obazee had nothing to do with the decision of the General Overseer of RCCG, Pastor Adeboye to resign, retire, step aside or whatever. It was just a co-incidence.

“Even if Adeboye had not stepped aside, the man (Obazee) was gone. It had absolutely nothing to do with the pastor. The key issue is that there is a procedure for doing things all over the world but he completely ignored it.”

The source further explained that the code in question had not gone through the entire process before Obazee announced that it was law and must be complied with.

He added that the code was not a law but best practice guidelines and that organisations were meant to comply or explain why they won’t comply.

He explained: “The corporate governance code, which is a regulatory guideline for corporate organisation meant to guide both public and private (profit and non-profit) organisations, is a code that the FRCN is working on.

“There is a process of passing that code. The committee working on it was inaugurated by the last administration. But the process of passing that code meant that by the time that committee finishes working on it, there were supposed to be public hearings and all that. By the time the committee finishes its work, that code was supposed to get to the governing board (of FRCN) for approval.

“But as you know, all the boards were dissolved. So the Minister of Industry, Trade and Investment was, in effect, the board (for the parastatals that he was supervising). When it goes through the board, it would be submitted to the Federal Executive Council to give approval for it to be issued. Code not a law but regulatory guideline

“Some people have interpreted it wrongly. It is not a law. It is a regulatory guideline and the basic problem was that the FRCN unilaterally decided to come out. And in essence this is something that was going to affect corporate organisations, the way businesses were being run in a very significant way.

“This administration is saying we want to make the way businesses are done in Nigeria easier. We don’t need further bottlenecks. We need to make it easier. And the corporate world was saying, ‘look, this governance code hasn’t got down with us. We needed to understand it, we needed to make inputs into it.’

“So, when the FRCN unilaterally took a decision on it, the minister said suspend it and explain and note the concerns from the various corporate organisations, because it was supposed to have come to the minister but the Executive Secretary of FRCN went ahead on his own and issued the code.

“There are all kinds of letters from various corporate organisations. The ministry was inundated with all kinds of letters everywhere. The issue of the churches and other non-profit organisations were just minor. It wasn’t something we were even thinking about. Because even in that code, what the Corporate Governance Code says about the churches was ‘comply or explain.’ It wasn’t a law. I don’t know how the churches understood it but there was no law that says you must retire. It says comply or explain. In effect, it was best practice advisory. That was what it was.

“But when the executive secretary literally broke all procedural laws of issuing it, the minister queried him and said this is not the way things are supposed to be but he disregarded it and literally came out again in the public to say that the code had been issued and it is law.

“So, the president with the advice of the AGF, because the AGF gave the advice that that was not the right thing to do. The President decided to suspend the code and terminate his appointment, reconstitute the FRC as it is. That was exactly what happened.”

THE UNTOLD: SACKED FRCN Boss, Obazee Was A Zonal Pastor At Redeemed Earlier SUSPENDED By The Church

Latest Nigeria News - Executive Secretary of the Financial Regulatory Council of Nigeria, Jim Obazee, that was sacked yesterday is a Zonal Pastor of the Redeemed Christian Church of God, a competent source within the church inner circle has revealed.

The source told LatestNigeriaNews.com.ng that it was evident that Pastor Enoch Adeboye may have made the decision to retire due to internal pressures which may have been battling his continued stay as General Overseer of the church reputed to be one of the largest in Nigeria.

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The source said: “Do you know that the man the president sacked is a zonal pastor in the Redeemed Christian Church of God? So, it is evident that there were already internal pressures on our General Overseer. So he may have taken the decision for peace to reign”.

The source, who expressed happiness at the sack of the FRCN boss for attempting to fight the church of God further said that the battle was fought by God through President Muhammdu Buhari who threw him from office and immediately appointed a replacement.

It was further gathered that following the nasty actions of Jim Obazee, authorities of the church had placed him on four years suspension, consequently the source said: “I just learnt that he is no longer with us. He has been suspended for four years. You can now see the reason behind his action”.

We learnt that for a senior pastor in his category to have been suspended from the church, the church must have interpreted his action as contempt against the authority of the church.

When probed further to say what did Pastor Adeboye do to merit such treatment from Obazee, she said: “Those who persecuted Jesus Christ and apostles of old, did they do them anything? He could as well be an agent of darkness in the church of God”.

BREAKING: Buhari Suspends The Anti-Christian Law That Forced Adeboye' Resignation, The Law Actually Enacted By Jonathan's Admin, Why Obazee Actually SACKED

The Federal Government, on Monday, suspended the controversial Corporate Governance Code, which was issued on October 17 by the FRC, News Punch understands

News Punch has gathered that the controversial law was actually enacted during the administration of former President Goodluck Jonathan, but was not implemented.

The suspension was disclosed in a statement by the Minister of Industry, Trade and Investment, Mr. Okechuckwu Enelamah

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In the five-paragraph statement by the minister’s Strategic Communication Adviser, Constance Ikokwu, he said the code was suspended in order to carry out a detailed review of its application.

Pastor Enoch Adeboye of the Redeemed Christian Church of God had, on Saturday, stepped down as the overseer of the church in Nigeria in accordance with the governance code of the FRC.

Adeboye, who made the announcement during the church’s annual ministers thanksgiving service, at the Redemption Camp in the Mowe area of Ogun State, said the new regulation would affect clergymen, including Bishop David Oyedepo of the Living Faith Church Worldwide International, aka Winners Chapel;  Pastor W. F. Kumuyi of the Deeper Christian Life Ministry and Bishop Mike Okonkwo of The Redeemed Evangelical Mission.

The review, according to the statement, would now involve extensive consultations with stakeholders upon the reconstitution of the board of the FRC.

The statement states, “The Corporate Governance Code issued by the Financial Reporting Council of Nigeria has been suspended, pending a detailed review, extensive consultation with stakeholders and reconstitution of the board of the FRC.

“Government remains committed to restoring and enhancing market confidence and improving the ease of doing business in Nigeria.’’

The FRC is one of the parastatals under the supervision of the Ministry of Industry, Trade and Investment and it is responsible for setting and promoting compliance with standards for accounting, financial reporting and auditing in Nigeria.

Why Obazee Was Sacked

Fresh facts according to Punch Newspaper have emerged on Monday why President Muhammadu Buhari sacked the Executive Secretary of the Financial Regulatory Council of Nigeria, Mr. Jim Obazee, in connection with the implementation of the controversial corporate Governance Code 2016.

It further gathered according to Punch Newspaper on Monday that Obazee was sacked for disobeying a directive of the Minister of Industry, Trade and Investment, Mr. Okechuckwu Enelamah, that the implementation of the regulation should be suspended.

Among others, the code stipulates 20-year tenure for heads of religious groups and civil rights organisations.

The minister had, on October 17, 2016, written the FRC boss, directing him to suspend the operation of the controversial regulation, which the Christian Association of Nigeria alleged was targeted at weakening the church.

According to the report, Obazee refused to suspend the regulation because there was no gazette backing the suspension of the regulation.

Enelamah had earlier recommended to Buhari that the implementation of the regulation be suspended.

A top government official, who spoke with one of our correspondents on condition of anonymity, said the President approved Enelamah’s recommendation and the minister thereafter conveyed the decision to Obazee.

The source said, “Since the minister had conveyed the President’s approval that the implementation should be suspended, it was taken for granted that it had been suspended.

“Surprisingly, the Presidency received a report that during the Christmas period, Obazee hosted chief executives of some quoted companies to a dinner.

“It was at that dinner that he reportedly told his guests that the law had taken effect and would be implemented.

“The report got to the government and the President was angry about it.”

The President of the National Council of The Nigerian Stock Exchange, Mr. Aigboje Aig-Imoukhuede, was said to have led the chief executives of companies to the dinner.

Another source, who confirmed the development, said Buhari sacked Obazee and dissolved the board of the FRC on Monday based on the recommendation of Enelamah.

A top source in the Presidency, who confided in The PUNCH on Monday, stated that Obazee was sacked because he defied the directive of the minister.

“The President was irked by the fact that the FRC disobeyed the directive of the minister that the regulation should be suspended,” the source stated.

Another source added that the Presidency found it curious that a regulation, which the Council could not implement during former President Goodluck Jonathan’s administration, was being enforced under Buhari.

“Although the regulation dated back to Jonathan’s administration, why did he fail to implement it and ask the religious leaders to resign? Why did the council wait till the present administration before insisting on its implementation?” the source asked.

It was also gathered that some ministers told Buhari on Monday morning that the gale of resignation that would sweep across the Pentecostal churches in the South would affect his government.

One of the ministers, who spoke on condition of anonymity with one of our correspondents, said the ministers reminded the President that the regime could be tagged anti-Christian if action was not taken.

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.

Angry Buhari SACKS FRCN Boss Over Anti-Christian Laws, Pastor Adeboye's Forceful Retirement:

Jim Obazee

President Muhammadu Buhari has sacked the Executive Secretary of the Financial Reporting Council of Nigeria, Mr. Jim Obazee.

The President has subsequently ordered the reconstitution of the Council.

The decision was contained in a statement by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu on Monday.

This decision is coming barely two days after Pastor Enoch Adeboye of the Redeemed Christian Church of God stepped down as the General Overseer of RCCG Nigeria based on a law by the FRC.

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The statement by Shehu read, “President Muhammadu Buhari has approved the immediate removal and replacement of the Executive Secretary and the reconstitution of the board of the Financial Reporting Council of Nigeria.

“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.

Adedotun Sulaiman

“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, 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 organisations specified in the FRC Act to nominate members of the board of the council.”

There has been controversy in Nigeria, particularly, the Christian community, following the new law enacted by the council, which stipulates 20 years tenure for heads of religious groups and civil society groups in the country.

The decision has been tagged as one of the reasons Adeboye handed over the mantle of leadership to Joseph Obayemi on Saturday after heading the church for 36 years.

Daddy G.O, as Adeboye is fondly called, who was not apparently comfortable with the controversial law, had accused the federal government of trying to suppress the gospel.

He warned the Federal Government to stop meddling in church matters.

“The government has been showing increasing interest in church affairs. Unfortunately, for us in RCCG, it might not be very helpful,” Adeboye said.

He accused the government of not allowing the church (RCCG) to continue with its stipulated lifetime 100 per cent salaries to its pensioners.

“For example, when I decided on what will be the pension of our pastors, what I decided is not done anywhere in the world, that somebody will retire and continue to earn full salaries all his lifetime”, he noted.

EXCLUSIVE: How FG's New Anti-Christian Laws FORCED Pastor Adeboye To Name National Overseer ..Urges RCCG Members To 'Seize' Political Powers By...

The sudden decision by the renown man of God and the General Overseer of the Redeemed Christian Church of God to name a national General Overseer has been attributed to some new laws, tagged as anti-Christians promulgated by the Federal Government, News Punch has learned reliably.

The Daddy G.O., as he is fondly called yesterday suddenly announced the change in baton of the Church leadership by naming a very close confidant, Pastor Joseph Obayemi as his successor to lead the RCCG in Nigeria, while he (Adeboye) still in charge as the general Overseer, Worldwide. This decision it was gathered according to Pastor Adeboye was to comply to new government laws on churches in the country.

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The renowned cleric decried government’s meddlesomeness on church matters in the country.

Speaking at the 2017 Ministers’ Annual Thanksgiving on Saturday at the Redemption Camp, Kilometre 46, Lagos-Ibadan Expressway, Ogun State, Adeboye expressed worries over deliberate anti-Christian laws being churned out by the Federal Government to interfere in church affairs, Nigerian Tribune reports

The clergyman, however, urged members across the nation to join political parties to be part of decision-making in the country's governance.

“The government has been showing increasing interest in church affairs.

Unfortunately, for us in RCCG, it might not be very helpful,” the cleric fondly called Daddy G. O. disclosed.

The man of God went further to accuse the government of not allowing the church to continue with its stipulated lifetime 100 per cent salaries to its pensioners.

“For example, when I decided on what will be the pension of our pastors, what I decided is not done anywhere in the world.

That somebody will retire and continue to earn full salaries all his lifetime.

This, I started, but government stepped in and made a law that we should be contributing to pension fund.

We’ve to obey and we started doing that. The results are that pastors don’t get as much as they were getting under our own previous arrangement.

But what can we do? We’ve to obey the law,” he disclosed.

Speaking further, Adeboye disclosed that other fresh laws had been enacted by the government to ruffle the feathers of church in the country, with a particular target on RCCG.

According to him, “Now there are fresh laws. We have a rough idea of what the law is about.

Continuing, he said: “some people believe that RCCG is becoming too influential and we’re going to be more influential.

When you get home, tell members to join a political party.

Join a party and become a card-carrying member of any party. Just join any party. We shall decide issues right from ward level.

If you are not active at ward level, you’ll do what they plan and say at the top.

Enrol in any party of your choice and have a card.

When holding meeting at ward level to choose delegates, be there.

One Muslim in Ibadan said years ago that he didn’t know what’s wrong with Christians that we help them to occupy political positions and serve, refusing to capitalise on our population.

That’s going to change from now,” the man of God instructed his ministers.

On the tenure of general overseers of religious bodies in the country, Pastor Adeboye disclosed that in the “new law that has been announced, they said that nobody can be overseer for more than more than certain number of years.

And according to that law, people like me, Bishop David Oyedepo, Pastor W. F.  Kumuyi, Bishop Mike Okonkwo were already gone.”

Having said this, Pastor Adeboye presented Pastor J. O. Obayemi, as the new Overseer, Pastor Johnson Odesola as secretary and Pastor Adeyokunnu as treasurer of the mission.

Pastor Obayemi and Odesola were former Special Assistant to the General Overseer on Finance and Special Assistant on Administration and Personnel respectively.

Speaking on the new law, Pastor Adeboye, while presenting the new appointees, said: “So, I want to present to you your new overseer, so you can pray for him.

They also said we must have a secretary; they said we must have a treasurer too.

So, I present to you Pastor Obayemi, Pastor Odesola and Pastor Adeyokunnu to you.

As God will have it, the people have been prepared for the jobs for years.

For instance, Pastor Obayemi has been in charge of salary review committee for years and inland missions.

He’s been out representative at Christian Association of Nigeria (CAN) for years, so he’ll be doing what he’s been doing.”

Adeboye, who did not specifically announced that he had resigned or retire as GO, said he has no problem performing his God-given role.

“About me, no problem. RCCG is in 192 nations of the world and the overseer in Nigeria will not drive me out of the camp.

He won’t stop me from doing the Holy Ghost services and he won’t stop me from visiting you.”

Pastor Adeboye joined RCCG in 1973 and was appointed General Overseer of the church in 1981 after the demise of Ondo-born founder of the church, Reverend Josiah Akindayomi.

9 Facts About The New RCCG National Overseer, Pastor Joseph Obayemi

General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, on Saturday appointed a new Head of the church in Nigeria.

The new Head is Pastor Joshua Obayemi.

Below are 9 things you should know about him.

1. Pastor Joseph Obayemi was the former Special Assistant to the General Overseer on Finance.

2. He is a member of governing council of the Redeemed Christian Church of God.

3. He was the pastor in charge of Lagos Province 28, region 2 of the church.

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4. He laid the foundation for the extension of the province’s temporary place of worship in March 2015.

5. He was Chairman, board of governors, House fellowship of the RCCG.

6. Obayemi was appointed at the Annual Ministers Thanksgiving at Shimawa, in Ogun State.

7. He is now the General Overseer of RCCG Nigeria as Pastor Adeboye remains the Worldwide GO.

8. He is a confidant of Pastor Adeboye and at many times represented Daddy GO at programmes.

9. He is happily married with children.

How Redeemed Female Preacher Killed, Husband recounts, Some Suspects Arrested

An account according to Punch Newspaper has detailed how a female preacher of the Redeemed Christian Church of God RCCG, Mrs. Eunice Elisha, was on Saturday morning killed by unknown assailants while preaching around the Gbazango-West area of Kubwa, a satellite town in the Federal Capital Territory.

Recounting the ugly incident to newsmen, her husband, Pastor Olawale Elisha of the same church said his wife had gone out to preach in the neighbourhood around 5 am only for him to hear the report of her murder.

Elisha, who looked pensive and dejected, said, “My wife always went out early in the morning for ‘Morning Cry’ (evangelism). There was a particular day she went out and she told me that there was a mosque at the back where they commented about what she said. So I just cautioned her.

“This morning (Saturday), she went out around 5 am and I was still in bed because we had a vigil which she participated in for a short while because of the ‘Morning Cry’ she planned to undertake. Two of my boys are footballers, thus, they went to the football pitch to play. And when they came back, they told me that they heard some footballers saying that some hoodlums had butchered a woman who was preaching early this morning.”

Following the report of his children, he decided to check if his wife was safe.

“When I heard this, wearing only a pair of shorts, we walked towards the area my son had said the incident occurred; we didn’t see anybody but we saw blood on the ground. I asked a policeman around and he said it was true but that they had taken the body to Phase 4 Police Station.

“I went to the police station with my children and when we got there, I saw the lifeless body of my wife at the back of a police van. She was later taken to a mortuary. The incident happened between 5 am and 5.30 am because she usually went out at 5 am and returned by 6 am,” the husband of the deceased said.

The couple got married in July 2000.

“My wife was so committed to anything that is of God. She was a reckless giver to God’s work. She rarely missed any programme in the church. We have seven children,” he stated.

According to him, his wife had no quarrel with anyone that could have warranted her murder.

“I see her as a martyr and she died for Christ and whether the people are caught or not, they should forgive them. My prayer is that if they can accept Christ, that will be a gain to Christ,” the bereaved husband said.

The 42-year-old woman was a deaconess at the Divine Touch Parish of the RCCG, Old NEPA Road, Phase 4, Kubwa.

The RCCG preacher was found dead in a pool of her own blood with a copy of the Bible, a megaphone and a mobile phone.

She was found dead by residents who alerted policemen who came to evacuate her remains to the police station where her husband went to identify the body.

Meanwhile, the Federal Capital Territory (FCT) Police Command said it has arrested some suspects in connection with the killing of a woman preacher in Kubwa, FCT.

The FCT command’s Spokesman, ASP Anjuguri Manzah confirmed the arrest to the News Agency of Nigeria (NAN) on Saturday in Abuja.

He said the Commissioner of Police, Alkali Usman, has directed the homicide section to take over the investigation.

“We have made some arrests and they are helping in our investigation.

“The commissioner of police has ordered the homicide section of the command to take over the investigation of the case,” he said.

The spokesman, however, did not mention the number of suspects arrested.

He said that personnel of the command had visited the scene of the incident and that investigation had begun.

NAN reports that the woman, whose name was not disclosed, was killed while preaching in the early hours of the day around the pipeline area of Kubwa, a satellite town of the FCT. 

Pastor Adeboye Prophesies God's Plan For Nigeria In The Later Part Of 2016

In his prophetic declaration earlier this year for Nigeria, Pastor Enoch Adejare Adeboye, the general overseer, the Redeemed Christian Church of God, RCCG predicted that the early part of 2016 would be very tough economically among other.

Apparently, no living Nigerian will say the prediction is not accurate.

The pastor has declared that the later part of 2016 will witness a positive turnaround for Nigerians.

Pastor Adeboye  while speaking on a topic titled “Power to prosper”, being the  theme of the July edition of the monthly Holy Ghost Service at the Redemption Camp on Lagos-Ibadan Expressway urged Nigerians to be prayerful and patient because God is capable of solving all the present challenges confronting Nigerians.

Adeboye maintained that the God of Nigeria is wealthy.

“We are not poor because we are already in the business of lending to nations. We are buying churches and establishing institutions in all these countries,” he noted.

According to him, prosperity is a decree of the Lord for every true child of God. He therefore urged Nigerians not to worry, but to trust God.