The board of the agency mentioned as the cause of the controversial  retirement of popular cleric, Pastor Enoch Adeboye, has been sacked. The Financial Reporting Council of Nigeria (FRN) was cited by Pastor Adeboye on Saturday morning while announcing his retirement as General Overseer of the Redeemed Christian Church of God (RCCG).

A statement issued in Abuja by Garba Shehu, Senior Special Assistant to the President
(Media and Publicity), says the Board of the Council has been dissolved and immediately reconstituted.

Entitled ‘Buhari Approves the Reconstitution of the Financial Reporting Council of N’, the statement says: “President Muhammadu Buhari has approved the immediate removal and the replacement of the Executive Secretary and the reconstitution of the board of the Financial Reporting Council of Nigeria (FRN). He has appointed a Chairman and a new Executive Secretary for the council.

“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 as the Executive Secretary of the Council.

“Mr. Asopokhai is a partner and a Financial Reporting Specialist at the PricewaterHouseCoopers (PWC), Nigeria.

“He is a product of the University of Lagos and the University of Pretoria.

“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.”