Sequel to the public outcry that trailed the retirement of clergyman Enoch Adeboye, President Muhammadu Buhari has ordered the immediate removal of the Financial Reporting Council of Nigeria.
The President also approved the replacement of the Executive Secretary and the reconstitution of the entire board.
These developments were contained in a statement on Monday by the Special Assistant to the President on Media and Publicity, Garba Shehu.
According to the statement, 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, an alumni of University of Lagos, UNILAG, as the Executive Secretary of the Council.
Mr. Asopokhai is a partner and a Financial Reporting Specialist at the PricewaterHouseCoopers (PWC), Nigeria.
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.
DNN reports that the worldwide General Overseer of the Redeemed Christian Church of God, RCCG, willfully retired on Sunday amid public outcry towards the FRCN code that mandated his retirement.