How FRC boss snubbed Buhari’s directive


The former Financial Reporting Council boss, Jim Obazee, was sacked for disobeying a directive of the Minister of Industry, Trade and Investment, Mr. Okechuckwu Enelamah, The PUNCH learnt.

Enelamah had earlier recommended to Buhari that the implementation of the controversial corporate Governance Code 2016 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.

Read Also: Buhari fires FRC boss over Adeboye, others’ tenure

“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.

http://punchng.com/frc-boss-snubbed-buharis-directive/

FTC

..

Mynd44, OAM4J, lalasticlala, Seun it would be nice if publicity can be availed this report, which actually shows that the FRC Boss was being overzealous. This will put to rest all the allegations of persecution of the church.


This new report are excepts from the long report Punch earlier did.

http://punchng.com/buhari-fires-frc-boss-adeboye-others-tenure/

The PUNCH gathered 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.


The PUNCH, on Monday, reported that 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.

The PUNCH learnt that 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.

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.

Religion has done a lot of damage to our psyche in Nigeria.

If our people were half as zealous over education, economic and political institutions as they are over religion, even China would dream of becoming like Nigeria.

These doom and gloom predictions about the trials and tribulations that humanity will face before the apocalypse isn't helping us one bit.

People often fail to plan for the future because they feel the end is near. Some accept their low status in society because they have been led to believe that poverty is their destiny, and that they will be rewarded with everlasting joy when the world is brought to a close.

For most, life has been about the ultimate plan; and as such, they have failed to take their destinies into their own hands.

I don't really see religion as a positive social influence that could promote growth.

We have had it for a long time now, and look where it has landed us.

The fight for supremacy is now rife. Some have embarked on a conquest just to gain dominance.

A good thing doesn't fight to gain acceptance. Only a bad one is forced.

Until the day that religion encourages us to be committed to ensuring that this life is the best that it can possibly be, since it is the only life that any of us have; it still remains the opium of the oppressed, like Karl Marx opined.

As for me, I don't see any wrong in charging an institution that does not provide people’s basic needs despite being built on people's sweats. They have schools but their members lack access to education. There's plenty enough money, yet they cannot push for childcare programs for members' wards.

They should be regulated...

Ridiculous. Obazee got served by his masters, who as usual wants to dissociate themselves from any blame/responsibility.

DozieInc:
Ridiculous. Obazee got served by his masters, who as usual wants to dissociate themselves from any blame/responsibility.

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.

For your information, the man was appointed into the position by GEJ, and has been there since 2011.

Given that it was this same Obazee that was used to illegally relieve Sanusi Lamido Sanusi of his duties, the man is not to be trusted. He may have ulterior motives.

SLS decided to do a whitsle blowing to the massive fraud being perpetrated by the NNPC during GEJ time, instead of the Financial Reporting Council to give him accolades, they decided to open one silly case which the then President found convenient to use in easing out the CBN Gov. who was a torn in their looting flesh.

Additional information for your consumption. Sanusi later floored the GEJ led Nigerian government and FRCN in court.

Used and dump to save 2019 election votes... lolzzz

ckmayoca:
Used and dump to save 2019 election votes... lolzzz

That's all ..those who know know that Buhari is only trying to save face for relection

idupaul:


That's all ..those who know know that Buhari is only trying to save face for relection

The facts is already there for you, but you are still insisting on conspiracy theory.

The specific date of the minister's letter written to the FRC Boss to stay action was also stated, but as usual, you will stick to that which satisfy your conspiracy theory.

They are some set of people you can't fight and win ,the church of God is one of them.

agabusta:








For your information, the man was appointed into the position by GEJ, and has been there since 2011.

Given that it was this same Obazee that was used to illegally relieve Sanusi Lamido Sanusi of his duties, the man is not to be trusted. SLS decided to do a whitsle blowing to the massive fraud being perpetrated by the NNPC during GEJ time, instead of the Financial Reporting Council to give him accolades, they decided to open one silly case which the then President found convenient to use in easing out the CBN Gov. who was a torn in their looting flesh.

Additional information for your consumption. Sanusi later floored the GEJ led Nigerian government and FRCN in court.

Sharap there.

The regulation in question is titled: National Code for Corporate Governance 2016.

Was Jonathan's administration still formulating policies in 2016?

MadamExcellency:


Sharap there.

The regulation in question is titled: National Code for Corporate Governance 2016.

Was Jonathan's administration still formulating policies in 2016?

It seems you have comprehension problems. Where did u see me write that it was GEJ govt that formulated the policy or not.

I stated that the man was appointed by GEJ, you are foaming in the mouth and saying another thing to appear smart, which in essence is the opposite.

yerokunphilips:
They are some set of people you can't fight and win ,the church of God is one of them.

So Adeboye is now the church of God?Funny lots.
Some of u pple av not read d intentions behind the FRC law and u jump to conclusions and pass judgement.
Enelamah took a stand based on what i bliv is an affiliation to one of d churches or pastors that wud be affected.Obazee took a stand based on realities of d day,that many churches are now run more like family bizs than strictly charity based organisations.PMB,not surprisingly,without seeking better clarity, and without deep thought and analysis of all issues involved,sacked a man for just being professional.
How many of those who went against his directive on not padding d budget has he sacked?None.
How many of those in his inner cycle that av gone against his much hyped anticorruption fight has he sacked?None!

agabusta:


It seems you have comprehension problems. Where did u see me write that it was GEJ govt that formulated the policy or not.

I stated that the man was appointed by GEJ, you are foaming in the mouth and saying another thing, to appear smart, which in essence is the opposite.

Get lost. What has this policy got to do with who appointed him? Was Amina Bala Zakari, the INEC woman not appointed by GEJ's administration but is accused by PDP of being Buhari's stooge?

He who pays the piper, dictates the tone. Not he who appoints the piper.

Lame Damage control.

Has Buhari ever been in control of any position from his wicked military regime to PTF and presently as CinC?

Adeboye gave him a bullseye response and reset his cr...led brain.

The earlier he realises Nigeria is bigger than him and his Fulani jihadists the better.

The best way to handle that issue is what Buhari is doing. Sack the man and suspend the law for peace to rain.
This law would have lead to so much religious war and destabilization within Nigeria.
This is God's intervention.

Hmmm

The same way that Cow normally disobey court orders.

doctokwus:

So Adeboye is now the church of God?Funny lots.
Some of u pple av not read d intentions behind the FRC law and u jump to conclusions and pass judgement.
Enelamah took a stand based on what i bliv is an affiliation to one of d churches or pastors that wud be affected.Obazee took a stand based on realities of d day,that many churches are now run more like family bizs than strictly charity based organisations.PMB,not surprisingly,without seeking better clarity, and without deep thought and analysis of all issues involved,sacked a man for just being professional.
How many of those who went against his directive on not padding d budget has he sacked?None.
How many of those in his inner cycle that av gone against his much hyped anticorruption fight has he sacked?None!

Government should stop meddling in sensitive issues like religion. It is very dangerous.


Well, 2019 is not too far to correct the wrong.

how can that take Nigeria out of recession.


this baba get serious problem,wetin no consign am him go dey put mouth

When will the law take her full cause against Fulani herdsmen?

I don't like way the President sacked that man, it sends a wrong signal that there're sacred cows in the application of law in this country, they should have allowed the law to stay on and commend the CEO for having the gut to call the bluff of the god of men rather sacking him.

Worldbest something

419 APC
Promise us change in Nigeria
After 1 year them say the change start with u
No vex bugarri
How the change wey u promise take con sine us??

Someone must be blamed sha

The guy was forming boss!

I don't envy this guy

#Singing
Who can battle with the Lord,
who can battle with the Lord,
who can batter with the Lord,
I say nobody

MadamExcellency:


Get lost. What has this policy got to do with who appointed him? Was Amina Bala Zakari, the INEC woman not appointed by GEJ's administration but is accused by PDP of being Buhari's stooge?

He who pays the piper, dictates the tone. Not he who appoints the piper.

Why the thing come dey pain you like this na.

His appointment in the first instance is also tantamount to a type of payment for your information. And GEJ has paid your piper for a whooping 5 years, 2011 till date, and the question of where his loyalty swings should not be doubt.

More so, in light of the fact that he ignored an approval issued by PMB for action to be stayed on the released governance code. An approval sought by his superior, after he similarly ignored the directive issued by that superior, the Minister for Trade and investment.

Someone sent this BC to me this morning



Daddy G. O.'s tactical resignation or retirement: An unpleasant development

While I agree totally with the call for Christians to go into politics én mass, I would rather call for the church first of all to go into prayers. Haven't we seen sound Christians who went into politics and became compromised by the monstrous spirit of corruption and mammonry that has eaten dip into our political system and taken root in all the seats of power?

This ungodly law that is supposedly signed into law by the National Assembly did not start as a national issue but an expression of grief by one man who became aggrieved by his pastor and general overseer. This man is the current boss of the Financial Reporting Council of Nigeria.

This said man was a pastor with the RCCG who became envious of the success and power wielded by the General Overseer, because, he himself is a power hungry man. He became head of the FRC after repeatedly backstabbing his boss to whom he was number two with repeated petitions to the higher authorities against his boss until he had his way.

He has never had anything good to say about his G. O. He had always spoken I'll of him to whoever cares to hear. While he was still a pastor under the RCCG, he bragged that he had not stepped his foot into the Redemption Camp in many years.

He had always complained that the G O has asked other pastors to step down after reaching 70 years and he himself has refused to do so. And had bragged on a few occasions that he would ensure the G O steps down.

Let me add that neither he the boss nor the parastatal he heads (FRCN) has the power to execute the law, but he did. Financial Reporting Council has its jurisdiction whose bounds this man has overstepped. Recently, the kangaroo Acts of the FRC he concocted alone to favour him and his draconian regime was repealed by the National Assembly or so it seems. His satanic high handedness style of governance has been a thing of concern in the parastatal.

He became so power drunk that he tried to insult the integrity of the G O four years ago when the G O asked that he comes to see him. Only then was his church file as a pastor reviewed and he got suspended from the church. He became all the more drunk with power when he got someone who introduced him to the then president. There, he found an opportunity to present this matter to the president and gave reasons why churches and mosques should start paying taxes. He convinced the president then by running down God's servants.

He was an easy tool then because he came very handy to be used against the then Central Bank governor which led to his suspension from office. This drew him closer to the president and tactically had the president's ear. It was at that point he made way to express his devilish desire against the church with his G O as main target.

When the church suspended him and the then president left office, he quickly joined himself to Latter Rain Church and got introduced to the pastor through a member of staff of the FRC who worships there. This he did subtly because of the closeness of the pastor to this present government so he can get introduced to the new Preside Buhari. That was done.


His staff in the office are groaning under his hard leadership and cannot speak out because he had held them bound with threats and fear. This man who today is an enemy of the church has been implicated in wizardry and witchcraft and belonging to the occult. He has some cases of abuse of office and immoral activities going on in court against him which he lost recently.

Today, he is laughing because it seems his agenda is playing out. He is boasting that it will spread to all the other long serving G.O.s This, he will achieve if the church does not arise to both pray and cease power first from the realm of the spirit.

In Acts 12:1-10, when Herod took James and killed him and no one did anything, he proceeded to take the leader of the apostles- Peter. That's when the church woke up to prayers and intervention came in verse 5-10.

In Acts 7:1-end, Saul ensured Steven died and no one stood against him, so he proceeded to Damascus to clean up the church until the Master intervened because the church prayed.

Who said the bill can not be reversed? Why should the church be dictated to by the state when the state has no hand in leading the church? Didn't our Lord Jesus say He will build His church and the gates of hell cannot not prevail against it? Why is hell raging now and we are complying?

Haman's Bill in the book of Esther was countered. Joshua stopped time until he overthrew evil kings. Where is the power today in the church? We see not our signs. (Ps. 74:9)

The state cannot dictate to the church when her leaders should come in and out and who they should handover to. If we don't fight this evil now, it will develop into something worse that will bring regrets to the church. Who knows; they could start telling the pastors what to preach and what not to preach. What pastors should wear and not wear etc.

Let's call for a Solemn Assembly and let the priests weep between the porch and the altar until this evil quickly dies out.

J