The Nation Editorial of Wednesday 18 January 2017.
Rumpus over Code
Take another look at the FRC Act. Jim Obazee has learnt a bitter lesson following his sack by the Federal Government over his zeal to enforce the Governance Code of the Financial Reporting Council (FRC) he presided over had generated. The former Executive Secretary of the council was summarily sacked without efforts to give him a hearing.
It was yet another indication that the government could sacrifice anyone if ever it feels embarrassed by actions taken by him or his agency. The code aims at regulating practices within the churches, mosques and other registered Not-for-Profit Organisations. The code had claimed a big victim in the person of Pastor Enoch Adeboye who was the General Overseer of the Redeemed Christian Church of God (RCCG).
The persona of Pastor Adeboye looms very large and his word was law. He presided over the church, all its divisions and structures. This, the FRC frowned at, arguing that a spiritual leader should not at the same time have the last say on spending and administration.
