President Muhammadu Buhari has approved the immediate removal of the Executive Secretary of the Financial Reporting Council of Nigeria (FRN).
A statement by Senior Special Assistant to the President (Media and Publicity) Garba Shehu said the president has also approved a replacement for the sacked Executive Secretary.
Also, Buhari, according to the statement has approved the reconstitution of the board of the FRN. And he has thus appointed a Chairman in addition to the 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.
The statement from the presidency said 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.
Though the statement from the Presidency did not mention it, it is believed that the shake up at FRN was a fallout of the recent regulation from the Council to religious bodies in the country.
In fact, the regulation is the reason behind the confusion over the exact status of Pastor Enoch Adeboye, the popular,influential General Overseer, RCCG who recently announced his stepping down as General Overseer the Church in Nigeria.
A statement by the Church explaining Adeboye’e move said ““This is sequel to the new legal requirements set up by the Financial Regulations Council, guiding all registered churches, mosques, CSOs. They now have a maximum period of twenty years to lead their organizations. In retirement, they are not permitted to hand over to their families.”
The sack may imply that the Presidency suspects foul play with the new regulation .Religion is a sensitive matter in Nigeria. And Buhari knows it.