Pastor Enoch Adejare Adeboye,
Enoch Adejare Adeboye, a pastor and general overseer of the Redeemed Christian Church of God (RCCG), only relinquished his position as head of the Nigeria church but will remain RCCG’s worldwide overseer, the church has clarified.

According to a statement signed by Leke Adeboye, the clergyman’s last son and personal assistant, the announcement of a new Nigeria overseer was made in compliance with the new legal requirements set up by the Financial Regulations Council for all registered churches, mosques, and CSOs, which stipulate that heads of non-profit organisations like churches now have a maximum period of 20 years to lead their organisations while in retirement.

Such heads are also not permitted to hand over to their families.

Leke Adeboye reiterated that Funsho Odesola, a pastor, will now serve as the new church secretary, Joseph Adeyokunu, another pastor, is the new church treasurer.‎

He advised all members of RCCG to “understand this new structure and go about their service to God and humanity in holiness and soul winning”.

“We appeal to members to educate people around them and not spread inaccurate information, as Pastor E.A Adeboye remains the General Overseer of RCCG Worldwide.”

The Financial Reporting Council of Nigeria (FRCN) had on Monday 17 October 2016 issued the Unified National Codes of Corporate Governance for private sector, not-for-profit organisations and the public sector. According to the FRCN, the Codes were introduced in accordance with Section 50 of the FRC Act, 2011, which requires the Directorate of Corporate Governance of the FRCN to develop principles and practices of Corporate Governance applicable in Nigeria.

Key areas that will be impacted by the Codes include the structure, composition and function of the board or equivalent body; risk management and audit; auditor rotation and joint audits. The Codes also require preparation of financial statements by not-for-profit entities including religious organisations.

The effective date of the Codes for private sector and not-for-profit organisations is 17 October 2016. For the public sector, the Codes will not be applicable until an Executive Directive has been secured from the Federal Government of Nigeria.

For the private sector, the Codes are mandatory and applicable to entities that render operational returns rather than just financial returns to designated regulators. In the case of not-for-profit organisations, they are required to 'comply or justify non compliance".

The private sector codes have generated mixed reactions from business circles especially those among those in the senior cadres of organisation.

They have been troubled by the provisions of sections 5, 6, 8, 14 and 19 of the new codes, which they argued will make some of them jobless.

Section 5 deals with board structure and composition while section 6 talks about the officers on the board.
Section 8 is about board committees, Section 14 dwells on tenure and re-election of directors of companies and section 19 talks about joint external auditors.

For the codes Non-Profit organisation, religious bodies and others in that category are now to prepare accounts for their businesses and submit to government agencies.

You can download the codes here.

spartoo:
WHEN DID THE LAW START REGULATING THE ACTIVITIES OF THE CHURCH

donnie:
Prophecy is being fulfilled. The government is getting set to face the church. Instead of watching, praying and acting, foolish christians fight themselves.