By Philips Sunday

Abuja, (AN24) – President Muhammadu Buhari on Monday, January 9, 2017, sacked  the Executive Secretary of the Financial Reporting Council of Nigeria, Jim Obazee.

President Buhari also ordered the reconstitution of the Financial Reporting Council of Nigeria (FRC) board.

The new development is coming 48 hours after Pastor Enoch Adeboye of the Redeemed Christian Church of God retired as the General overseer of RCCG Nigeria based on a law by the council.

The dismissal of Mr. Obazee was contained in a statement issued on Monday in Abuja by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu.

The statement reads in full: “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). 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.
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. The statement added.