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Shareholders Rejoice As Buhari Fires FRC Boss - Politics (2) - Nairaland

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Buhari Fires Justices Ademola, Tokode / Nigeria Vs Zambia: Saraki And Udom Rejoice As Super Eagles Score / Why Buhari Sacked Jim Obazee, FRC Boss – Fayose (2) (3) (4)

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Re: Shareholders Rejoice As Buhari Fires FRC Boss by stone07(m): 8:01am On Jan 10, 2017
VampireeM:
I disagree with Mr Olufemi's comment. Obazee's stance that only Chartered Accountants should be members of the audit committee is a good step that should be commended! Why would shareholders vote/appoint another shareholder who has no idea on what audits is all about be a member of the committee?

What a country!
Is it only chartered accountants that understand accounting procedures?
Re: Shareholders Rejoice As Buhari Fires FRC Boss by Rainmaker69(m): 8:01am On Jan 10, 2017
That move was just so timely! The guy was a relic of an era of impunity and rashness. Some of these appointees have forgotten that they will leave some day. Yes, we need corporate governance codes, but you can't make a code and expect it to apply across board when different companies and industries have their various unique characteristics. Its preposterous.

Emefiele next abeg.
Re: Shareholders Rejoice As Buhari Fires FRC Boss by datola: 8:01am On Jan 10, 2017
The Jim of a man was too ove offcious
Re: Shareholders Rejoice As Buhari Fires FRC Boss by Nobody: 8:02am On Jan 10, 2017
Ok
Re: Shareholders Rejoice As Buhari Fires FRC Boss by Abhamid(m): 8:02am On Jan 10, 2017
gentlesoul196:
the whole nigeria will rejoice if buhari resigns
Re: Shareholders Rejoice As Buhari Fires FRC Boss by progress69: 8:04am On Jan 10, 2017
gentlesoul196:
the whole nigeria will rejoice if buhari resigns

Fishing for likes from your fellow yoots?

Change to enemie of Nigeria wil rejoice or better still Pablos will rejoice!
Re: Shareholders Rejoice As Buhari Fires FRC Boss by Nobody: 8:04am On Jan 10, 2017
horlajide:
Many accountants in practice will agree FRCN has gone pasr its limit under Jim's administration

I cannot but agree with you. The guy is extremely arrogant and full of himself despite knowing nothing! I just pity all these children writing rubbish on nairaland.
Re: Shareholders Rejoice As Buhari Fires FRC Boss by drwebs: 8:05am On Jan 10, 2017
Christians, dont rejoice yet,
it might go from frying pan to fire.

he has achieved his aim, which was to kick start the FRC in Churches.

Now they (sponsors of the whole thing) have realised that retiring from being the head of the church in Nigeria doesnt cripple the founders of such church as there are other branches outside the country, thus, the founder can still have much affluence and influence.

They want to appoint another person whomwill take it further by reviewing the code.

Be asured, the foolishness of God is greater than the wisdom of men. if God dont permit, it will work to their disadvantage.
The same thing happened when they killed Jesus, not knowing thry were fulfilling scriptures, for if God didnt permit, Jesus woudnt have died.
Re: Shareholders Rejoice As Buhari Fires FRC Boss by Izzy002(m): 8:05am On Jan 10, 2017
Lilimax:
embarassed

Lol Sorry though
Re: Shareholders Rejoice As Buhari Fires FRC Boss by Lilimax(f): 8:06am On Jan 10, 2017
Izzy002:

Lol Sorry though
Sorry for what? undecided
Re: Shareholders Rejoice As Buhari Fires FRC Boss by dasphinx1(m): 8:08am On Jan 10, 2017
franciskaine:
The ploy to keep Nigeria in perpetual savitude is a strong one even among religious groups. For the first time in the history of Nigeria a govt official implements policies to the letter even to the detriment of stakeholders who hold this nation to ransom and gets fired for it. I really don't think change begins with Buhari this time around. You sack an official simply because a GO of a church resigned and yet wants a beta Nigeria whr laws are obeyed? Funny!

Bro, you have said it all..... The matter jus tire me mehn!!!! Naija, we hail thee!!!!
Re: Shareholders Rejoice As Buhari Fires FRC Boss by Nobody: 8:08am On Jan 10, 2017
VampireeM:
I disagree with Mr Olufemi's comment. Obazee's stance that only Chartered Accountants should be members of the audit committee is a good step that should be commended! Why would shareholders vote/appoint another shareholder who has no idea on what audits is all about be a member of the committee?

What a country!
and one zombie keeps shouting Nigeria will be great again, as if it was ever great, and if you say it Nigeria can never be great based on the parameters on ground, they call you a prophet of doom, just tell me,how is this country supposed to be great when it's the same old tactics
Re: Shareholders Rejoice As Buhari Fires FRC Boss by Izzy002(m): 8:10am On Jan 10, 2017
Lilimax:

Sorry for what? undecided

Nothing
Re: Shareholders Rejoice As Buhari Fires FRC Boss by saintadeola: 8:11am On Jan 10, 2017
very funny idiots, I suspect fowl play, Buhari could be hand of Esau and voice of Jacob, how can ordinary obazee disobey highest authority, president is proving now that he has suspended the directive. mumu.that is rubbish, obazee carried out president's order well. president is just pretending. oju aye is allowed
Re: Shareholders Rejoice As Buhari Fires FRC Boss by gentlesoul196: 8:18am On Jan 10, 2017
progress69:

Fishing for likes from your fellow yoots?
Change to enemie of Nigeria wil rejoice or better still Pablos will rejoice!
likes for what?
the dullard has brought us 20years backward
Re: Shareholders Rejoice As Buhari Fires FRC Boss by idupaul: 8:22am On Jan 10, 2017
We are too gullible in this country , anyone that believes that Obazee acted alone in this attempt to control the church must be a joker , if you have studied El Rufais brain you will see his footprints all over that edict ...Adeboye goes to Ekiti and praises Fayose and 3 weeks later this happens..Christians of Nigeria please open Ur mind

1 Like

Re: Shareholders Rejoice As Buhari Fires FRC Boss by Heavance(m): 8:38am On Jan 10, 2017
Very funny news, was already expecting this.....
Not because baba Adeboye stepped aside, but was expecting it the moment I realized the sultan of sokoto will be affected too, as he is already 70years old......
Re: Shareholders Rejoice As Buhari Fires FRC Boss by Heavance(m): 8:42am On Jan 10, 2017
dasphinx1:


Bro, you have said it all..... The matter jus tire me mehn!!!! Naija, we hail thee!!!!
me sef salute naija o, is this how we will be great?
Re: Shareholders Rejoice As Buhari Fires FRC Boss by almarthins(m): 8:48am On Jan 10, 2017
Lilimax:
Learnt the man is even a Redeem Pastor embarassed

So redeemer no dey hammer smtimes abi? Hehehehe... Well obazee will survive all the palava sha. All remember that politics is a strange fire it can burn any one.( apc or PDP) so don't bank on ur membership of any. grin grin grin
Re: Shareholders Rejoice As Buhari Fires FRC Boss by ferhyntorlah(f): 8:54am On Jan 10, 2017
divicoded:


I cannot but agree with you. The guy is extremely arrogant and full of himself despite knowing nothing! I just pity all these children writing rubbish on nairaland.

Please can you explain further since you seem conversant with his previous actions? Most of us got to know about him after Pastor Adeboye's sudden announcement.

Thanks!
Re: Shareholders Rejoice As Buhari Fires FRC Boss by Praktikals(m): 8:54am On Jan 10, 2017
gentlesoul196:
the whole nigeria will rejoice if buhari resigns
You carried out the survey in your 12x12 room abi?
Re: Shareholders Rejoice As Buhari Fires FRC Boss by tollyson: 9:02am On Jan 10, 2017
VampireeM:
I disagree with Mr Olufemi's comment. Obazee's stance that only Chartered Accountants should be members of the audit committee is a good step that should be commended! Why would shareholders vote/appoint another shareholder who has no idea on what audits is all about be a member of the committee?

What a country!

Nigerians prefer to have things done the old way. We are receptive to change. They prefer to have a novice in the audit committee. Little wonder then, the quality of annual reports being shun out by our quoted companies.
Re: Shareholders Rejoice As Buhari Fires FRC Boss by agabusta: 9:04am On Jan 10, 2017
franciskaine:
The ploy to keep Nigeria in perpetual savitude is a strong one even among religious groups. For the first time in the history of Nigeria a govt official implements policies to the letter even to the detriment of stakeholders who hold this nation to ransom and gets fired for it. I really don't think change begins with Buhari this time around. You sack an official simply because a GO of a church resigned and yet wants a beta Nigeria whr laws are obeyed? Funny!

I don't understand what you guys stand to gain by turning things around.

If you were informed that he was sacked, you should as well been informed on the reasons for his sack.

It was clearly stated that part of the reasons for his sack was insubordination to the supervising minister. The minister asked him to put on hold the issuance of that governance code to allow room for more consultation but he went ahead disregarding the directive of the minister. In fact the minister even went a step ahead and got the approval of the president to put the issue on hold, but he still went ahead with it.

Insubordination in the civil service to a clear official directive is not taken lightly. More so when the official directive is backed by the approval of the President and Commander in Chief. Invariably, he was disrespective to the president.
Re: Shareholders Rejoice As Buhari Fires FRC Boss by agabusta: 9:12am On Jan 10, 2017
franciskaine:
pls the source of ur assertion.

Kindly read the Punch report in detail.

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


Excepts below:-

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.

”
Re: Shareholders Rejoice As Buhari Fires FRC Boss by Montaque(m): 9:17am On Jan 10, 2017
George2016:
First great job by President Buhari.

I hope the law will be put on hold till eternity.

That man have Bleep up big time.

Banana Adeboye prayer will scattered them all. You cannot fight God and win.

More will follow

the worst action of late by Mr. President.
Even Mr. Timothy who is happy over his sack is a mediocre. He doesnt like the Mr. Obazee because the later maintains standard, in line with his job. This is the most proactive piece of legislation affecting religious houses in Nigeria, and Mr. President doesn't have enough balls to implement it because of 2019. Since they cant pay tax, let the leadership be tenural, 20 years is enough to disciple people to whom you will hand over, jesus christ did his in 3 years.

Africans just want to stay and be heard, yet we condemn Jammeh of Gambia.
Re: Shareholders Rejoice As Buhari Fires FRC Boss by Laid2001: 9:32am On Jan 10, 2017
The Obazee of a man was taking FRCN beyond its mandate!!

The Council is responsible for setting and promoting compliance with standards for accounting, financial reporting and auditing in Nigeria. It also regulates the practices of professionals involved in financial reporting and promotes good practices in financial reporting and corporate governance in Nigeria.

So if he is dabbling into corporate governance of the various organisations, it is outside its mandate. He should have focused on the finances and how it is accounted for. Shikena. Moreso, this was the same guy used to scuttle SLS then. He made FGN to spend money on unnecessary litigation then which FRCN lost to SLS. Although, it was like a blessing in disguise for SLS as probably would not have been Amir of Kano without that conflict with GEJ government.!

FRC has been moving from litigation to litigation in trying to muscle several organizations. More so, his tenure has ended. It is already five years since his assumption of office!.

1 Like

Re: Shareholders Rejoice As Buhari Fires FRC Boss by shaddoww: 9:50am On Jan 10, 2017
VampireeM:
I disagree with Mr Olufemi's comment. Obazee's stance that only Chartered Accountants should be members of the audit committee is a good step that should be commended! Why would shareholders vote/appoint another shareholder who has no idea on what audits is all about be a member of the committee?

What a country!
Wen we are talking about building strong institutions, dis is wat we are doing to those that are trying to make our institutions strong. We have been running our country with sentiments n emotions in d past but now dat we have people dat are ready to say the truth to power n be role models to young ones, we sack dem n keep people like Lalung, if we continue like dis den how do we av strong institutions. If d FBI chief could investigate Hillary Clinton n no one sacked him, I think we should promote such.
Re: Shareholders Rejoice As Buhari Fires FRC Boss by Themandator: 10:06am On Jan 10, 2017
VampireeM:
I disagree with Mr Olufemi's comment. Obazee's stance that only Chartered Accountants should be members of the audit committee is a good step that should be commended! Why would shareholders vote/appoint another shareholder who has no idea on what audits is all about be a member of the committee?

What a country!


Any business man knows what an audit is and besides, from the pack of shareholders there must be an accountant if not accountants.......they must not be chartered or the auditors should also doubles as the investors
Re: Shareholders Rejoice As Buhari Fires FRC Boss by Nobody: 10:15am On Jan 10, 2017
agabusta:


I don't understand what you guys stand to gain by turning things around.

If you were informed that he was sacked, you should as well been informed on the reasons for his sack.

It was clearly stated that part of the reasons for his sack was insubordination to the supervising minister. The minister asked him to put on hold the issuance of that governance code to allow room for more consultation but he went ahead disregarding the directive of the minister. In fact the minister even went a step ahead and got the approval of the president to put the issue on hold, but he still went ahead with it.

Insubordination in the civil service to a clear official directive is not taken lightly. More so when the official directive is backed by the approval of the President and Commander in Chief. Invariably, he was disrespective to the president.
pls the source of ur assertion.
Re: Shareholders Rejoice As Buhari Fires FRC Boss by hannyjay(f): 10:23am On Jan 10, 2017
gentlesoul196:
the whole nigeria will rejoice if buhari resigns
If u die i will sloughter goat 4 tanksgiven
Re: Shareholders Rejoice As Buhari Fires FRC Boss by cecegorz(m): 11:45am On Jan 10, 2017
VampireeM:
I disagree with Mr Olufemi's comment. Obazee's stance that only Chartered Accountants should be members of the audit committee is a good step that should be commended! Why would shareholders vote/appoint another shareholder who has no idea on what audits is all about be a member of the committee?

What a country!
Just imagine the riff-raff! You can never win with competency in this country.
Someone wants to ensure that only chattered accountants sits on your Audit board, to be able to protect your shareholders investment, but you see it as a punishment?
We keep shouting that we need strong institutions but anybody that tries to play the rule is whacked for being high-handed?

Nigeria is not ready for competency. period!

1 Like 1 Share

Re: Shareholders Rejoice As Buhari Fires FRC Boss by gentlesoul196: 12:18pm On Jan 10, 2017
hannyjay:
If u die i will sloughter goat 4 tanksgiven
you'll be the one to die first

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